Download CIMA Study Systems 2006: Economics for Business (CIMA Study by Steve Adams PDF

By Steve Adams

The 2006 version of CIMA's legit research platforms are released via Elsevier on behalf of CIMA. Key sections of the 2006 research platforms are back written through examiners so each one textual content totally displays what might be proven within the examination. up-to-date to include legislative and syllabus adjustments, the 2006 research structures offer whole examine fabric for the may perhaps and November 2006 assessments. the recent variation continues the preferred loose-leaf structure and includes: * perform questions all through * whole revision part * subject summaries * prompt interpreting articles from quite a number journals * CBA type mock examination * The legit research structures are the single examine fabrics recommended via CIMA * Key sections written by way of examiners for the main actual, updated assistance in the direction of examination good fortune * entire built-in package deal incorporating syllabus tips, complete textual content, steered articles, revision publications and broad query perform

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

Example text

Finite mineral resources can be used only once in the growth process. Their contribution is included in GNP at their current market value. However, the exhaustion of such finite resources impacts negatively on future sustainable growth. Finally, some expenditures are incurred to overcome pollution damage caused by current economic activity. For example, water companies have to install treatment plants to cleanse drinking water due to the extensive use of nitrates and fertilisers by farmers which then runs off the land into water catchment areas.

Thus there are many ways in which inventionist policies of government can strengthen the position of firms in a market economy and enhance economic growth. 6 Sustainable economic growth In recent years there has been considerable interest in the impact of economic growth on the environment. In particular a view has been strongly expressed that by failing to take the environmental impact of economic growth into account, conventional measures of GNP do not give an accurate indication of sustainable economic welfare, that is, the flow of goods and services that an economy can generate without reducing its future production capacity.

A means of allocating scarce resources. A store of value. 7 Which one of the following is the best measure of the standard of living in a country? (A) (B) (C) (D) the amount of money each person has. the surplus on the balance of payments. gross national product per head. gross average earnings. 8 All of the following are likely to raise the rate of economic growth in a country except which one? (A) (B) (C) (D) Increased expenditure on education and training. Tax incentives to encourage business expenditure on research and development.

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