What's the factor that undermines consumer sovereignty by making false claims about a product?

Misleading or Deceptive Conduct

Which of these statements about consumer sovereignty is NOT true?

Consumer sovereignty exists in a centrally planned economy

Which of the following would not influence an individual's APS to increase?

About to graduate from school to study commerce at UNSW

What is an example of an internal economy of scale?

Able to invest in more efficient capital equipment

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Consumers and Businesses

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Questions 15

Answers

1
What's the factor that undermines consumer sovereignty by making false claims about a product?
Anti-competitive behaviour
Marketing
Planned Obsolesence
Misleading or Deceptive Conduct
2
At how many units of labour does this farm first begin to experience diminishing returns?
9 units
7 units
8 units
3 units
3
Which of these does not cause an increase in demand of tea?
A new tea advertising campaign
An overall better level of income in the population
Price of coffee increases
Price of tea drops to $5
4
What is the point Q2 also known as?
Market equlibrium
Vertex
Technical Optimum
Quantity Demanded at 2
5
If a firm is operating with the goal of positive environmental impact it is...
Maximising Growth
Increasing market share
Satisficing Behaviour
Meeting shareholders expectations
6
What does technological advancement cause?
More wastage of resourcers
Higher average production cost
Decreased productivity
Unemployment
7
At which input of labour is productivity the greatest?
1
2
3
6
8
What assumptions is the law of diminishing returns not based on?
One is fixed and one is variable
Technology and all other factors are constant
There are only two factors of production
Refers to long run
9
Which of these is a source of income?
Land
Entrepreneurship
Interest
Capital
10
What would happen if I was to increase my spending?
Savings would decrease
Disposable income would decrease
Disposable income would increase
Savings would increase
11
Which of these statements about consumer sovereignty is NOT true?
It means that consumers determine what is produced
Consumer sovereignty exists in a centrally planned economy
Consumersovereignty is not always absolute
Consumers have the power to determine how much is produced
12
Which of the following would not influence an individual's APS to increase?
Expecting to lose job in the future
About to graduate from school to study commerce at UNSW
Having a cautious approach to life
Planning a honeymoon to Bora Bora
13
What is an example of an internal economy of scale?
Increased pollution
Increase of localisation of industry
Able to invest in more efficient capital equipment
Management inefficiency
14
Which country would save the most from this graph?
Norway
Hong Kong SAR
World
Qatar
15
Large-scale production refers to which factor of production being specialised?
Enterprise
Land
Labour
Capital

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