BEC CPA Exam Review |COMPLETE QUESTIONS AND ANSWERS | 2025
UPDATED | 100% RATED CORRECT| GRADED A+| GET IT CORRECT!!
Demand Curve Shift Upward (direct relationship-positive shift) - (answer)The price of subsitute
goods, expectations of price changes, income for normal goods, and extent of market
Demand Curve Shift Downward (inverse relationship-neg. shift) - (answer)The price of
complement good, income for inferior goods, and consumer boycotts
SWOT analysis - (answer)strengths, weaknesses, opportunities, threats
Three common measures of price inflation: - (answer)1. The Consumer Price Index (CP)
2. The Producer Price Index (PPI)
3. The GDP Deflator
Okun's law - (answer)Provides a general rule of thumb showing how economic growth rates
faster than average often result in reductions in unemployment
Product differentiation strategies - (answer)seek to make the demand for a firm's products more
inelastic.
你是想要一篇“眼睛容易
Transfer pricing - (answer)is the process for setting prices that are charged for the transfer of
阅读的”中文文章
goods or services between related parties such as departments of a large entity.
Full employment implies that - (answer)there frictional and structural unemployment, but not
cyclical unemployment.
The consumer price index (CPI) - (answer)is a common measure of inflation. It compares the
price of goods and services in a base year to the price of the same goods and services at a later
year. The CPI is commonly used to convert figures not readily comparable across years into
figures that are more comparable.
,The phases of the business cycle are - (answer)expansion, peak, contraction (ie, recession), and
trough.
Peaks are - (answer)usually characterized by a lack of available labor and capital, which results
in a deceleration of growth. Output is at maximum and unemployment is as low as possible—or
at the "natural" rate.
Tight labor markets and lack of excess capacity often result in - (answer)the bidding up of wages
and prices, leading to an acceleration of inflation.
A change in account balances will always be measured as - (answer)(the current balance - the
prior balance), with a positive result indicating an increase and a negative result a decrease.
% changes for account balances = - (answer)(Current balance - prior balance) / prior balance.
Transportation costs would exist - (answer)even in the absence of government.
There are three common measures of price inflation: - (answer)consumer price index, producer
price index and GDP deflator.
Deflation - (answer)a decrease in the你是想要一篇“眼睛容易
general level of prices and inflation rate is below zero
阅读的”中文文章
Collusive pricing - (answer)results when competing suppliers agree that they will not compete on
the basis of price, setting a uniform price to be charged by all suppliers (conspire). This enables
the suppliers to establish higher than market prices.
Price floor - (answer)a minimum price for a good or service
price ceiling - (answer)a maximum price that can be legally charged for a good or service
, Structural unemployment - (answer)represents a mismatch between the skills of workers and the
needs of the labor market. This usually occurs due to technological advances that change or
eliminate the need for the specific skills many workers possess.
A significant decline in the U.S. dollar tends to - (answer)hurt U.S. importers and benefit U.S.
exporters, while making foreign goods more expensive for U.S. consumers.
Stagflation is defined as - (answer)simultaneous unemployment and inflation
Quantitative easing - (answer)involves the Fed buying securities to add liquidity to the economy,
when short-term interest rates are already close to zero.
Globalization - (answer)has been ongoing for many decades. It has many aspects, including more
savers having more internationally diversified portfolios (i.e., reduced home bias), more firms
operating internationally, and increased international trade occurring within companies.
Impose countervailing duties legally under WTO rules: - (answer)the other country must have
disobeyed a WTO panel that told it to correct a problem.
Theory of Derived Demand - (answer)the value of goods of higher order is derived from that of
the corresponding goods of lower order
你是想要一篇“眼睛容易
GDP = - (answer)Consumption by households + Investment + Government spending + Net
exports 阅读的”中文文章
Opportunity cost is defined as - (answer)the best alternative use or benefit foregone as the result
of a business decision.
Dumping is the practice of - (answer)selling product below its production costs, generally, in an
effort to reduce competition.
UPDATED | 100% RATED CORRECT| GRADED A+| GET IT CORRECT!!
Demand Curve Shift Upward (direct relationship-positive shift) - (answer)The price of subsitute
goods, expectations of price changes, income for normal goods, and extent of market
Demand Curve Shift Downward (inverse relationship-neg. shift) - (answer)The price of
complement good, income for inferior goods, and consumer boycotts
SWOT analysis - (answer)strengths, weaknesses, opportunities, threats
Three common measures of price inflation: - (answer)1. The Consumer Price Index (CP)
2. The Producer Price Index (PPI)
3. The GDP Deflator
Okun's law - (answer)Provides a general rule of thumb showing how economic growth rates
faster than average often result in reductions in unemployment
Product differentiation strategies - (answer)seek to make the demand for a firm's products more
inelastic.
你是想要一篇“眼睛容易
Transfer pricing - (answer)is the process for setting prices that are charged for the transfer of
阅读的”中文文章
goods or services between related parties such as departments of a large entity.
Full employment implies that - (answer)there frictional and structural unemployment, but not
cyclical unemployment.
The consumer price index (CPI) - (answer)is a common measure of inflation. It compares the
price of goods and services in a base year to the price of the same goods and services at a later
year. The CPI is commonly used to convert figures not readily comparable across years into
figures that are more comparable.
,The phases of the business cycle are - (answer)expansion, peak, contraction (ie, recession), and
trough.
Peaks are - (answer)usually characterized by a lack of available labor and capital, which results
in a deceleration of growth. Output is at maximum and unemployment is as low as possible—or
at the "natural" rate.
Tight labor markets and lack of excess capacity often result in - (answer)the bidding up of wages
and prices, leading to an acceleration of inflation.
A change in account balances will always be measured as - (answer)(the current balance - the
prior balance), with a positive result indicating an increase and a negative result a decrease.
% changes for account balances = - (answer)(Current balance - prior balance) / prior balance.
Transportation costs would exist - (answer)even in the absence of government.
There are three common measures of price inflation: - (answer)consumer price index, producer
price index and GDP deflator.
Deflation - (answer)a decrease in the你是想要一篇“眼睛容易
general level of prices and inflation rate is below zero
阅读的”中文文章
Collusive pricing - (answer)results when competing suppliers agree that they will not compete on
the basis of price, setting a uniform price to be charged by all suppliers (conspire). This enables
the suppliers to establish higher than market prices.
Price floor - (answer)a minimum price for a good or service
price ceiling - (answer)a maximum price that can be legally charged for a good or service
, Structural unemployment - (answer)represents a mismatch between the skills of workers and the
needs of the labor market. This usually occurs due to technological advances that change or
eliminate the need for the specific skills many workers possess.
A significant decline in the U.S. dollar tends to - (answer)hurt U.S. importers and benefit U.S.
exporters, while making foreign goods more expensive for U.S. consumers.
Stagflation is defined as - (answer)simultaneous unemployment and inflation
Quantitative easing - (answer)involves the Fed buying securities to add liquidity to the economy,
when short-term interest rates are already close to zero.
Globalization - (answer)has been ongoing for many decades. It has many aspects, including more
savers having more internationally diversified portfolios (i.e., reduced home bias), more firms
operating internationally, and increased international trade occurring within companies.
Impose countervailing duties legally under WTO rules: - (answer)the other country must have
disobeyed a WTO panel that told it to correct a problem.
Theory of Derived Demand - (answer)the value of goods of higher order is derived from that of
the corresponding goods of lower order
你是想要一篇“眼睛容易
GDP = - (answer)Consumption by households + Investment + Government spending + Net
exports 阅读的”中文文章
Opportunity cost is defined as - (answer)the best alternative use or benefit foregone as the result
of a business decision.
Dumping is the practice of - (answer)selling product below its production costs, generally, in an
effort to reduce competition.
