Exibit:1

A new item was created during the year. The use totalled $3 million of which $ 1.5 million was caused before 30 September 2021, the date on which it turned out to be certain that the item was actually practical. The new item will be dispatched in the following four months and its recoverable sum is assessed at $1.4 million.

1.The after are reasons for move popular EXCEPT the one:

A.Change in pay

B.Change in cost

C.Change in design

D.Change in costs of substitutes

2.When interest is completely inelastic, an increment in cost will result in:

A.A decline in absolute income

B.An expansion in absolute income

C.No change in complete income

D.A decline in amount requested

3.Price and request are emphatically connected if there should be an occurrence of:

A.Necessities

B.Comforts

C.Giffen products

D.Luxuries

4.What does value flexibility of interest measure?

A.Change in cost brought about by changes sought after

B.The pace of progress of deals

C.The responsiveness of interest to value changes

D.The estimation of deals of a given cost

5.It portrays the law of supply:

A.Supply bend

B.Supply plan

C.Supply condition

D.All the three

6.Economic issues emerge in light of the fact that:

A.Wants are limitless

B.Resources are scant

C.Scarce assets have elective employments

D.All of the abovementioned

7.Which is definitely not a focal issue of an economy?

A.What to deliver

B.How to deliver

C.How to augment private benefit

D.For whom to deliver

8.Microeconomics manages the:

A.Allocation of assets of the economy as between creation of various merchandise and ventures

B.Determination of costs of merchandise and enterprises

C.Behaviour of modern leaders

D.All of the abovementioned

9.Identify the part of tax collection which is identified with regulating financial matters:

A.Incidence of expense

B.Effect of expense on the limit readiness to work

C.Equity of expense

D.None of the abovementioned

10.Which of the accompanying sets of items is an illustration of substitutes?

A.Tea and sugar

B.Tea and espresso

C.Pen and ink

D.Shirt and pants