B higher this period and higher in future periods c

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B. higher this period and higher in future periods. C. lower this period and higher in future periods. D. lower this period and lower in future periods. 50. (ECONOMICS) Inflation can have positive and negative effects on an economy. Positive effects of inflation include A. loss in stability in the real value of money and other monetary items over time. B. uncertainty about future inflation may discourage investment and saving. C. shortages of goods if consumers begin hoarding in anticipation of price increases in the future.
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MANAGEMENT ADVISORY SERVICES - THEORIES Page 10 D. mitigation of economic recessions and debt relief by reducing the real level of debt. 51. (ECONOMICS) The local video store’s business increased by 12% after the movie theater raised its prices from P300 to P400. Thus, relative to movie theater admissions, videos are A. substitute goods B. superior goods C. complementary goods D. public goods 52. (ECONOMICS) In national income terms, aggregate demand is the A. demand for money by a community in a period of full employm32` nt. B. total expenditure on capital goods by entrepreneurs during a period of full employment. C. demand that is needed if the country’s economy is to operate at optimum level and the level of investment is to be raised. D. total expenditures on consumer goods and investment, including government and foreign expenditures, during a given period. 53. (ECONOMICS) A city ordinance that freezes rent prices may cause A. The demand curve for rental space to fall. B. The supply curve for rental space to rise. C. The quantity demanded of rental space exceed the quantity supplied. D. The quantity supplied of rental space exceed the quantity demanded. 54. (ECONOMICS) If a group of consumers decide to boycott a particular product, the expected result would be A. An increase in the product price to make up lost revenue. B. A decrease in the demand for the product. C. An increase in product supply because of increased availability. D. That demand for the product would become completely inelastic. 55. (FEASIILITY STUDY) It is a systematic gathering and analysis of data concerning a proposed project and the formulation of conclusion therefrom for the purpose of determining whether or not the project is viable, and if so, its degree of profitability. A. Budgeting B. Feasibility Study C. Viable Costing D. Profit Planning 56. (DECISION MAKING) A significant cost of quality that is not recorded in the accounting records is the A. failure cost for a customer complaint center. B. cost of reworking products to bring them up to specification. C. opportunity costs of forgone future sales.
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MANAGEMENT ADVISORY SERVICES - THEORIES Page 11 D. appraisal cost for product equipment. 57. (ECONOMICS) In macroeconomic terms, aggregate demand is the A. Demand for money by the community in a period of full employment.
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  • Summer '18
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