1. The regulator of Hispeed pic's industry has published rules which aim to standardise technological specifications across the industry. Within the required timescale but without consulting any other participants in the industry. Hispeed plc has reworded its own specifications and has passed the cost of doing this on to its clients.

How should Hispeed plc's response to regulation be classified?

OA. Full compliance

OB. Non-response

OC. Innovation

OD. Mere compliance

2. To encourage the use of sustainable energy sources, including biofuel, the government of Fimorania wishes to impose a maximum price on biofuel. It has decided on a maximum price which is below the equilibrium market price for biofuel.

Which of the following is likely to be the effect of imposing this maximum price on biofuel?

OA. Illegal price-cutting

OB. An increase in inventory levels of the biofuel

OC. Economic activity outside of government-sanctioned channels

OD. An excess in supply of the biofuel

3. One of the values in a data set is 406. The mean of the data set is 1,2195 . The difference between 406 and 1,219.5 is

OA The variance

OB The deviation

OC . The standard deviation

OD . The range