QUESTION: 9

HOTSPOT (Drag and Drop is not supported)
The economy of Country V is initially in equilibrium at a level of national income and employment denoted by Y at price level denoted by P1.
If there is an increase in aggregate demand, indicate on the graph below the new equilibrium point in the economy.
Hot Area:

See Explanation section for answer.

Answer(s): A

Explanation:

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QUESTION: 10

A trade agreement that removes all import tariffs between member countries, sets up common external tariffs against non-members, but does not advance toward economic integration is called:

an economic union.
a customs union.
a free trade area.
a common market.

Answer(s): B

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QUESTION: 11

A clothes retailer has estimated a linear trend equation including trend, seasonal and cyclical components to forecast its sales for the next four quarters.
Which of the following factors would generate actual sales figures that are likely to differ markedly from the forecast?

A drop in sales due to emergency roadwork blocking access to the store.
A drop in sales due to the ongoing economic recession.
An increase in sales due to the increasing popularity of their brand.
An increase in sales before a major religious festival.

Answer(s): D

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QUESTION: 12

In recent years, consumer groups have become more vocal in calling for the boycott of producers whose suppliers do not comply with international regulations on workplace safety and child labour.
A fashion company that outsources its production to low labour cost countries should include this phenomenon in which part of their PESTEL framework?

Т
E
S
P

Answer(s): C

Reference:

https://thecimastudent.com/2018/02/15/using-pestel-analysis/

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Free CIMAPRO17-BA1-X1-ENG Exam Braindumps (page: 4)

QUESTION: 9

Explanation:

QUESTION: 10

QUESTION: 11

QUESTION: 12

Reference:

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