taxes are collected by the Revenue authority from a business, which attempts to pass on the tax to consumers in the price of goods. Which word correctly completes this statement? A Progressive B Direct C Indirect

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• 1Which of the following is not an element of fiscal policy? A Government spending B Government borr

  Which of the following is not an element of fiscal policy?

  A Government spending

  B Government borrowing

  C Taxation

  D Exchange rates

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• 2甲、乙均为2000年1月1日出生。甲于2017年1月1日参加工作，并以自己的劳动收入为主要生活来源;乙尚读高中，不能

  甲、乙均为2000年1月1日出生。甲于2017年1月1日参加工作，并以自己的劳动收入为主要生活来源;乙尚读高中，不能独立生活。下列关于甲、乙的行为能力的表述中，不正确的有(　　)。

  A. 甲为限制民事行为能力人

  B. 甲应视为完全民事行为能力人

  C. 乙为限制民事行为能力人

  D. 乙应视为完全民事行为能力人

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• 3Consider the price and demand for tickets to travel by sea ferry. The price of travelling by hovercr

  Consider the price and demand for tickets to travel by sea ferry. The price of travelling by hovercraft (a

  substitute form of travel) goes up. Which of the following would you expect to happen?

  A The demand curve for sea ferry tickets will shift to the left, and their price will go down. More sea ferry tickets will be sold.

  B The demand curve for sea ferry tickets will shift to the right, and their price will go up. More ferry tickets will be sold.

  C The demand curve for sea ferry tickets will shift to the right and their price will go down. More sea ferry tickets will be sold.

  D The demand curve for sea ferry tickets will shift to the right and their price will go up. Fewer sea ferry tickets will be sold.

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• 4 If the price of coffee falls, which one of the following outcomes would be expected to occur? A A

   If the price of coffee falls, which one of the following outcomes would be expected to occur?

  A A fall in the quantity of coffee demanded

  B A rise in the price of tea

  C A fall in the demand for drinking cups

  D A fall in the demand for tea

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• 5 The demand for fashion goods is not influenced by: A Price B Allocative inefficiency among produ

   The demand for fashion goods is not influenced by:

  A Price

  B Allocative inefficiency among producers

  C The distribution of income among households

  D Expectation of future price changes

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• 6 Which of the following is not a complement to cars? A Petrol B Tyres C Holidays

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  A Petrol

  B Tyres

  C Holidays

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• 7Which of the following is not a substitute for carpets? A Ceramic floor tiles B Wooden floorboard

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  A Ceramic floor tiles

  B Wooden floorboard

  C Carpet underlay

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• 8According to the theory of the firm, which of the following statements describes an oligopoly? A Th

  According to the theory of the firm, which of the following statements describes an oligopoly?

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  B There is only one producer in the market

  C There are four producers exerting considerable influence in the market

  D There are many producers but they each use product differentiation to distinguish themselves from each other

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• 9 A legal minimum price is set which is below the equilibrium price. What will be the impact of this

   A legal minimum price is set which is below the equilibrium price. What will be the impact of this?

  A Excess of demand over supply

  B Excess of supply over demand

  C Nothing

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• 10The supply curve of a firm operating in a competitive market is its A Marginal cost curve above the

  The supply curve of a firm operating in a competitive market is its

  A Marginal cost curve above the average variable cost curve

  B Marginal cost curve above the average total cost curve

  C Average total cost curve beyond the point where the marginal cost curve cuts it from below

  D Average variable cost curve below the average revenue curve

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