CIMA Exam CIMAPRA17-BA1-1 Topic 1 Question 66 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam

Question #: 66
Topic #: 1

If a country joined an economic union (for example, the European Union) its business sector could benefit from all of the following except which one?

AHigher profit margins due to a reduction in transport costs.

BEconomies of scale as it gained access to a larger market.

CLower input costs as imports from other member states would become cheaper.

DReduced costs as a result of access to a wider supply of factors of production.

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Suggested Answer: B

by Lilli at Feb 28, 2023, 07:34 PM

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3 days ago

I think joining an economic union can really benefit a country's business sector.

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