Read e-book online CIMA Study Systems 2006: Economics for Business (CIMA Study PDF

By Steve Adams

ISBN-10: 0080502016

ISBN-13: 9780080502014

ISBN-10: 0750667060

ISBN-13: 9780750667067

The 2006 version of CIMA's authentic research platforms are released by means of Elsevier on behalf of CIMA. Key sections of the 2006 learn platforms are back written via examiners so every one textual content absolutely displays what should be established within the examination. up to date to include legislative and syllabus adjustments, the 2006 learn structures supply whole examine fabric for the might and November 2006 tests. the hot version keeps the preferred loose-leaf structure and comprises: * perform questions all through * whole revision part * subject summaries * advised examining articles from various journals * CBA variety mock examination * The legit learn platforms are the single research fabrics counseled via CIMA * Key sections written by means of examiners for the main exact, updated tips in the direction of examination luck * entire built-in package deal incorporating syllabus tips, complete textual content, suggested articles, revision courses and wide query perform

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Extra info for CIMA Study Systems 2006: Economics for Business (CIMA Study System Series-Certificate Level)

Example text

Land is the least mobile factor. 8. (a) Positive (b) Normative 9. A is recovery; B is peak; C is downturn. 10. Economic growth is dependent upon two things: the quantity of resources available and their productivity. 11. The two major types of policies are market driven policies and interventionist policies. 12. One needs to subtract from GNP defensive expenditures, the depreciation of physical and environmental capital, as well as the costs involved in overcoming pollution, to arrive at ISEW. 1 THE ECONOMY AND THE GROWTH OF ECONOMIC WELFARE 3.

Today, the booming cities of China’s Pearl river delta have become the new workshops of the world. Shunde styles itself the microwave oven capital, with 40 per cent of global production emerging from just one of its giant factories. Shenzhen, the special economic zone, claims to make 70 per cent of the world’s photocopiers and 80 per cent of its artificial Christmas trees. Dongguan has 80,000 people working in a single factory making running shoes for the world’s teenagers. Zhongshan is the home of the world’s electric lighting industry.

1 Answer the following questions based on the preceding information. You can check your answers below. 1. Why is a choice made when resources are allocated? 2. What is the difference between a need and a want? 1 ECONOMICS FOR BUSINESS 9. 10. 11. 12. What role does government play in a market economy? What are the main production decisions which have to be made? What does a production possibility curve show? What are the main justifications for the entrepreneur’s profit? Which factor of production is least mobile?

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CIMA Study Systems 2006: Economics for Business (CIMA Study System Series-Certificate Level) by Steve Adams

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