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Ask getsetgo Your Own Question

getsetgo
getsetgo, MBA
Category: Homework
Satisfied Customers: 3369
Experience:  MBA from IIM Calcutta, Engineer, 8+ years of exp. at executive level
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Customer Question

hello
Submitted: 2 years ago.
Category: Homework
Expert:  getsetgo replied 2 years ago.

getsetgo :

hello

getsetgo :

I am here

getsetgo :

please post your questions

Customer:

The change in the UK demographic profile of the increasing proportion of older age groups in the population has led to; Question 13 answers





















a.

A substantial increase in government spending on education in schools, colleges and universities to promote learning


b.

Policies to raise the retirement age of UK workers


c.A reduction in the demand for luxury holidays, such as ocean cruises, offered by businesses such as Saga Holidays.
d.Government plans to reduce the retirement age and allow employees to retire earlier.
Customer:










If UK exports of services total £20bn and UK import of services totals £12bn whilst the export of UK goods is £7bn and the import of goods is £31bn, select the total balance of trade
Question 14 answers























a.£16bn deficit
b.£8bn deficit
c.£16bn surplus
d.£8bn surplus

getsetgo :

b. Policies to raise the retirement age of UK workers

Customer:

Decisions made by the Bank of England's Monetary Policy Committee to increase Base Rate could lead to; Question 16 answers

























a.Increased demand for credit such as loans and credit cards
b.Increased demand for the pound on the foreign exchange markets, for the purchase of price elastic UK exports
c.Increased domestic savings, attracted by higher financial rewards
d.Individuals having less disposable income because taxes would be forced to rise
Customer:

Which of the following are typical conditions of perfect competition? Question 17 answers





















a.A large number of firms enjoying barriers to entry and homogeneous products
b.

A small number of firms with both differentiated and homogeneous products and long run supernormal profits


c.Perfectly flexible market conditions, many buyers, sellers and producers of differentiated products earning short run normal profits and long run supernaormal profits
d.

Many buyers, sellers, product homogeneity, shortand long run normal profits, no entry barriers


getsetgo :

a. £16bn deficit

Customer:










The decision made by the Government to reduce the rate of VAT to 15% in December 2009 was intended to :
Question 18 answers























a.Reduce the cost of borrowing and stimulate business demand for loans to finance business growth
b.Increase domestic demand, as producers were expected to pass on the expenditure tax reduction in prices
c.Increase the demand for sterling from overseas investors, attracted by lower rates
d.Increase the taxation income of the Government

getsetgo :

c. Increased domestic savings, attracted by higher financial rewards

Customer:

Increasing and diminishing returns to scale are defined as:


Question 19 answers





















a.Eonomies of scale which occur when unit cost are falling as production rises, until diseconomies set in at higher levels of production
b.

A short run phenomenon in which the existence of at least one fixed factor causes unit costs to fall initially, then rise after the optimum production level is breached


c.

A long run condition in which fixed cost first fall as output rises, then rise when the firm shifts to the next facotry size


d.

Unit cost reductions achieved when firms are so large that they can bulk order, manage the larger firms with a lower ratio of managers and achieve marketing economies through out sourcing


getsetgo :

d. Many buyers, sellers, product homogeneity, shortand long run normal profits, no entry barriers

getsetgo :

b. Increase domestic demand, as producers were expected to pass on the expenditure tax reduction in prices

Customer:

thank you

Customer:

my time is up

Customer:

thank you very much! :)

getsetgo :

a. Eonomies of scale which occur when unit cost are falling as production rises, until diseconomies set in at higher levels of production

getsetgo :

so, test is over?

Customer:

yes

getsetgo :

ok. We could do more questions if we were in chat

Customer:

i passed, so you were very helpful

getsetgo :

did you miss many questions?

getsetgo :

thank you

Customer:

yes, i know.. thought og justanswer.com a bit too late

Customer:

of*

Customer:

i got 22 out of 40

Customer:

you helped me with 17 of the 22, so :D

getsetgo :

I am glad I could help you

getsetgo, MBA
Category: Homework
Satisfied Customers: 3369
Experience: MBA from IIM Calcutta, Engineer, 8+ years of exp. at executive level
getsetgo and 5 other Homework Specialists are ready to help you

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