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Exam Code: CFA-Level-I

Exam Name: CFA Institute CFA Level I Chartered Financial Analyst

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CFA-Level-I Exam Dumps Provider Total Q&A: 2200 Questions and Answers

Last Update: 2017-03-14

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NO.1 Which statement(s) is/are true?
I). The supply curve summarizes information about production conditions.
II). The supply curve indicates the quantity of a good that producers would be willing to supply at
different prices.
A. I and II.
B. II only.
C. I only.
Answer: A

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Explanation: The supply curve indicates both the minimum price necessary to induce producers to
supply
a specific quantity and the opportunity cost of producing the marginal unit of the good.

NO.2 Which of the following is NOT a reason for sampling the population?
A. Some tests are destructive in nature and hence, should be carried out only on small samples.
B. It is almost impossible to work with the entire population in most cases.
C. Inferences from a sample are the same that would be obtained by studying the entire population.
Answer: C
Explanation: Samples are far easier to work with than the entire population. However, the entire
population contains more information than the sample. With the population, you would get exact
parameter values characterizing the population whereas with a sample, you only get estimates.