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UCL ECON London, UK QUESTIONS WITH CERTIFIED ANSWERS 100% PASSED
[Show more]UCL ECON London, UK QUESTIONS WITH CERTIFIED ANSWERS 100% PASSED
[Show more]Economics - ANS The production, distribution, and consumption of goods and services. 
What happens when competition is low? - ANS Production can be inefficient, without being penalized 
and manpower and other resources can be wasted. Competition leads to lower prices. 
When you move from monopolies ...
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Add to cartEconomics - ANS The production, distribution, and consumption of goods and services. 
What happens when competition is low? - ANS Production can be inefficient, without being penalized 
and manpower and other resources can be wasted. Competition leads to lower prices. 
When you move from monopolies ...
Key issues with brexit 
In putting Brexit into effect the UK authorities faced a number of issues: 
-How much economic damage was the UK willing to take in order to obtain the ability to depart from EU 
legal standards (as doing so would inevitably result in loss of access to the EU Single Market)? ...
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Add to cartKey issues with brexit 
In putting Brexit into effect the UK authorities faced a number of issues: 
-How much economic damage was the UK willing to take in order to obtain the ability to depart from EU 
legal standards (as doing so would inevitably result in loss of access to the EU Single Market)? ...
What are opioids? - ANS Opioids: 
• Street use - not for physical pain states. 
• Patients (signalling in pain pathways) - used in presence of pain. Presence of opioid in presence of pain 
does not have same effect as recreational use. 
• Self administration and access, but patient controlled ...
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Add to cartWhat are opioids? - ANS Opioids: 
• Street use - not for physical pain states. 
• Patients (signalling in pain pathways) - used in presence of pain. Presence of opioid in presence of pain 
does not have same effect as recreational use. 
• Self administration and access, but patient controlled ...
A business owner uses 162 parts each day. Ordering cost for parts is $10 per order, and annual holding 
cost is 1 dollars per unit. Assume 360 days in a year. What is the Economic Order Quantity for parts? - 
ANS 1,080 
EOQ=SQRT(2DS/H)=SQRT(2*162*360*10/1)=1,080 units. 
A business owner uses 162 par...
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Add to cartA business owner uses 162 parts each day. Ordering cost for parts is $10 per order, and annual holding 
cost is 1 dollars per unit. Assume 360 days in a year. What is the Economic Order Quantity for parts? - 
ANS 1,080 
EOQ=SQRT(2DS/H)=SQRT(2*162*360*10/1)=1,080 units. 
A business owner uses 162 par...
EOQ - ANS ROUND(SQRT( (2DCo)/(UCc) ), 0) 
AVG inventory - ANS SS + Order Q / 2 
Inventory turnover - ANS AVG Sales / AVG Inventory 
AVG Co - ANS Co * ( D/Q ) 
AVG Cc - ANS U * Cc * (Q/2 ) 
TAC - ANS AVG Co + AVG Cc (+ AVG Cp) 
(If quantity discount) 
stdDDLT - ANS SQRT( AVGLT * stdD^2 + AVGD^2 * std...
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Add to cartEOQ - ANS ROUND(SQRT( (2DCo)/(UCc) ), 0) 
AVG inventory - ANS SS + Order Q / 2 
Inventory turnover - ANS AVG Sales / AVG Inventory 
AVG Co - ANS Co * ( D/Q ) 
AVG Cc - ANS U * Cc * (Q/2 ) 
TAC - ANS AVG Co + AVG Cc (+ AVG Cp) 
(If quantity discount) 
stdDDLT - ANS SQRT( AVGLT * stdD^2 + AVGD^2 * std...
How to Balance off An Account 
Income Statement Items 
sales revenue 
less cost of goods sold 
_____________________________________ 
gross profit 
less operating expenses 
_____________________________________ 
operating profit (EBIT) 
less interest 
_____________________________________ 
earnings ...
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Add to cartHow to Balance off An Account 
Income Statement Items 
sales revenue 
less cost of goods sold 
_____________________________________ 
gross profit 
less operating expenses 
_____________________________________ 
operating profit (EBIT) 
less interest 
_____________________________________ 
earnings ...
emigrant - ANS person who leaves own country in order to live in another 
LIDC case study - ANS Nigeria 
give one reason how emigration from an LIDC can provide opportunities for that LIDC (include details) - 
ANS remittances = consumer spending = invest in businesses = boost local economy 
provide ...
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Add to cartemigrant - ANS person who leaves own country in order to live in another 
LIDC case study - ANS Nigeria 
give one reason how emigration from an LIDC can provide opportunities for that LIDC (include details) - 
ANS remittances = consumer spending = invest in businesses = boost local economy 
provide ...
What is a strictly dominant strategy? 
A strategy which always provides a greater payoff when compared to other strategies (cannot provide 
an equal payoff; that would be weakly dominant). 
What is a weakly dominant strategy? 
A strategy which provides a greater than or equal payoff to other strateg...
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Add to cartWhat is a strictly dominant strategy? 
A strategy which always provides a greater payoff when compared to other strategies (cannot provide 
an equal payoff; that would be weakly dominant). 
What is a weakly dominant strategy? 
A strategy which provides a greater than or equal payoff to other strateg...
Net Present Value (NPV) - ANS = cash flow / [(1+ discount rate)^ number of years] 
profitability index - ANS = present value of future cash flows / initial investment 
ex-rights price equation - ANS = (value of existing shares + value of new shares) / (# of shares) 
CAPM - ANS Cost of equity = cost ...
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Add to cartNet Present Value (NPV) - ANS = cash flow / [(1+ discount rate)^ number of years] 
profitability index - ANS = present value of future cash flows / initial investment 
ex-rights price equation - ANS = (value of existing shares + value of new shares) / (# of shares) 
CAPM - ANS Cost of equity = cost ...
Net Present Value (NPV) - ANS = cash flow / [(1+ discount rate)^ number of years] 
profitability index - ANS = present value of future cash flows / initial investment 
ex-rights price equation - ANS = (value of existing shares + value of new shares) / (# of shares) 
CAPM - ANS Cost of equity = cost ...
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Add to cartNet Present Value (NPV) - ANS = cash flow / [(1+ discount rate)^ number of years] 
profitability index - ANS = present value of future cash flows / initial investment 
ex-rights price equation - ANS = (value of existing shares + value of new shares) / (# of shares) 
CAPM - ANS Cost of equity = cost ...
Which of the following is the best example of opportunity cost? 
Select one: 
a. a company's expenditures on a training program for its employees 
b. the rate of return on a company's investment 
c. the amount of money that a company can earn by depositing excess funds in a money market fund 
d. t...
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Add to cartWhich of the following is the best example of opportunity cost? 
Select one: 
a. a company's expenditures on a training program for its employees 
b. the rate of return on a company's investment 
c. the amount of money that a company can earn by depositing excess funds in a money market fund 
d. t...
In the liver what is the role of the gall bladder ? 
your gall bladder where bile is produced and transported via the bile duct releasing the bile into the 
duodenum 
Answer = Bile production 
What is the definition of cholestasis 
Cholestasis = The reduced bile secretion or flow due to problem with...
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Add to cartIn the liver what is the role of the gall bladder ? 
your gall bladder where bile is produced and transported via the bile duct releasing the bile into the 
duodenum 
Answer = Bile production 
What is the definition of cholestasis 
Cholestasis = The reduced bile secretion or flow due to problem with...
Define - ANS Research done over long period of time where sample stays the same 
Why use them? - ANS - allows to measure society over time 
- allows comparisons to be made 
- correlations can be identified 
- cause and effect relationship established 
- measure things like poverty over life chances ...
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Add to cartDefine - ANS Research done over long period of time where sample stays the same 
Why use them? - ANS - allows to measure society over time 
- allows comparisons to be made 
- correlations can be identified 
- cause and effect relationship established 
- measure things like poverty over life chances ...
Describe the location - ANS -South East England 
-Capital of England 
-River Thames runs through it 
-Bordered by counties such as Kent, Essex and Buckinghamshire 
-Population of 9 million - expected to reach 10 million in 2030 
What is the importance of London? - ANS -Transport links - M25, rail li...
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Add to cartDescribe the location - ANS -South East England 
-Capital of England 
-River Thames runs through it 
-Bordered by counties such as Kent, Essex and Buckinghamshire 
-Population of 9 million - expected to reach 10 million in 2030 
What is the importance of London? - ANS -Transport links - M25, rail li...
Introduction question - ANS - Graduated from UCL, BSc economics 
- student club 
- RB case competition 
- hobbies: free-diving (AIDA certification) 
Why LBS (why school) - ANS - Alumni: 
- Professional development 
- gift trip 
Why MiM programme (not mfa) - ANS - practical designed courses 
- divers...
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Add to cartIntroduction question - ANS - Graduated from UCL, BSc economics 
- student club 
- RB case competition 
- hobbies: free-diving (AIDA certification) 
Why LBS (why school) - ANS - Alumni: 
- Professional development 
- gift trip 
Why MiM programme (not mfa) - ANS - practical designed courses 
- divers...
To come - ANS Aanaa, Aaie, aao, mera dost aata hai 
To go - ANS Jaana, jaie, jao, main ravivaar ko shopping par jaata hoon 
To sleep - ANS Sona,soie, so, Mera papa har raat aath ghante sota hain. 
To get up - ANS Uthna, Uthae, Utho, Main har roz saath baje uthata hoon 
To wake up - ANS Jaagna, jaagi...
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Add to cartTo come - ANS Aanaa, Aaie, aao, mera dost aata hai 
To go - ANS Jaana, jaie, jao, main ravivaar ko shopping par jaata hoon 
To sleep - ANS Sona,soie, so, Mera papa har raat aath ghante sota hain. 
To get up - ANS Uthna, Uthae, Utho, Main har roz saath baje uthata hoon 
To wake up - ANS Jaagna, jaagi...
Point Estimator - ANS Estimates the value of an unknown parameter using a single value 
Interval Estimator - ANS Draws inferences about a population parameter using an interval 
Unbiased Estimator - ANS Has an expected value (long-run average) which equals the parameter being 
estimated 
Consistent ...
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Add to cartPoint Estimator - ANS Estimates the value of an unknown parameter using a single value 
Interval Estimator - ANS Draws inferences about a population parameter using an interval 
Unbiased Estimator - ANS Has an expected value (long-run average) which equals the parameter being 
estimated 
Consistent ...
london location and facts - ANS urban area-8.1m pd -11700sqmile 
found 25km from mouth if the thames inside the m25 
importance of london internationally - ANS finance service centres- central time zone between us and 
asia for longer hours and it is the universal language 
heathrow- hub airport acc...
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Add to cartlondon location and facts - ANS urban area-8.1m pd -11700sqmile 
found 25km from mouth if the thames inside the m25 
importance of london internationally - ANS finance service centres- central time zone between us and 
asia for longer hours and it is the universal language 
heathrow- hub airport acc...
Causes of economic change - ANS De-industrialisation, globalisation, government 
De-industrialisation - ANS the decline in manufacturing, north of the UK 
Globalisation - ANS The growing integration of the world's economies 
Globalisation causing economic change - ANS Cheaper to do certain jobs out...
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Add to cartCauses of economic change - ANS De-industrialisation, globalisation, government 
De-industrialisation - ANS the decline in manufacturing, north of the UK 
Globalisation - ANS The growing integration of the world's economies 
Globalisation causing economic change - ANS Cheaper to do certain jobs out...
Impacts of industry on the physical environment - ANS The shift from the secondary manufacturing 
sector to tertiary and quaternary services is good for the environment. 
Manufacturing usually produces more harmful chemicals and more greenhouse gases than information 
technology industries. 
However...
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Add to cartImpacts of industry on the physical environment - ANS The shift from the secondary manufacturing 
sector to tertiary and quaternary services is good for the environment. 
Manufacturing usually produces more harmful chemicals and more greenhouse gases than information 
technology industries. 
However...
What is the GENERAL mission of UCL Investment Society - ANS Our mission is simple: we believe that 
top students DESERVE TOP OPPORTUNITIES - and we are here to provide them. 
What is the 3-fold mission of UCLIS? - ANS 1. EDUCATION: 
Providing a platform for you to discover where your interests lie a...
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Add to cartWhat is the GENERAL mission of UCL Investment Society - ANS Our mission is simple: we believe that 
top students DESERVE TOP OPPORTUNITIES - and we are here to provide them. 
What is the 3-fold mission of UCLIS? - ANS 1. EDUCATION: 
Providing a platform for you to discover where your interests lie a...
What is the GENERAL mission of UCL Investment Society - ANS Our mission is simple: we believe that 
top students DESERVE TOP OPPORTUNITIES - and we are here to provide them. 
What is the 3-fold mission of UCLIS? - ANS 1. EDUCATION: 
Providing a platform for you to discover where your interests lie a...
Preview 2 out of 14 pages
Add to cartWhat is the GENERAL mission of UCL Investment Society - ANS Our mission is simple: we believe that 
top students DESERVE TOP OPPORTUNITIES - and we are here to provide them. 
What is the 3-fold mission of UCLIS? - ANS 1. EDUCATION: 
Providing a platform for you to discover where your interests lie a...
Piaget's sensorimotor view of infant cognition - ANS Piaget thought of sensorimotor infants are purely 
'out of sight, out of mind' creatures 
His conditions for symbolic thought and recall were that the infant would have to be able to consider 
something not perceptually presented, but has to be...
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Add to cartPiaget's sensorimotor view of infant cognition - ANS Piaget thought of sensorimotor infants are purely 
'out of sight, out of mind' creatures 
His conditions for symbolic thought and recall were that the infant would have to be able to consider 
something not perceptually presented, but has to be...
what size graft should be used for a thumb ucl reconstruction when using the 3.5 DX SL anchor? 
a. 4mm 
b. 2mm 
c. 5 mm 
d. 3.5 mm -ANS b. 2 mm 
in a stensor lesion of the thumb the UCL gets stuck superficial to what structure? 
a. extensor pollicis aponeuruois 
b. adductor pollicus aponeuruois 
c. ...
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Add to cartwhat size graft should be used for a thumb ucl reconstruction when using the 3.5 DX SL anchor? 
a. 4mm 
b. 2mm 
c. 5 mm 
d. 3.5 mm -ANS b. 2 mm 
in a stensor lesion of the thumb the UCL gets stuck superficial to what structure? 
a. extensor pollicis aponeuruois 
b. adductor pollicus aponeuruois 
c. ...
Why UCL? 1. Integrated MBBS Curriculum - ANS - There are several reasons I want to study at UCL: 
- Exposure to clinical practice from first year. 
- This early patient contact really attracted me: 
- Can refine communication skills from an early stage 
- Empathise with patients 
- Bring medicine to...
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Add to cartWhy UCL? 1. Integrated MBBS Curriculum - ANS - There are several reasons I want to study at UCL: 
- Exposure to clinical practice from first year. 
- This early patient contact really attracted me: 
- Can refine communication skills from an early stage 
- Empathise with patients 
- Bring medicine to...
The action potentials in the heart are about 100 times longer than those of skeletal muscle. - ANS True 
The action potential of skeletal muscle is about 2 ms in duration while the action potentials of the heart 
cells range from about 150 ms in the cells of the SA node to about 300 ms in a Purkinje...
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Add to cartThe action potentials in the heart are about 100 times longer than those of skeletal muscle. - ANS True 
The action potential of skeletal muscle is about 2 ms in duration while the action potentials of the heart 
cells range from about 150 ms in the cells of the SA node to about 300 ms in a Purkinje...
Cognitive Dissonance - ANS when a person entertains two inconsistent thoughts, a negative feeling 
occurs 
Vicarious Dissonance - ANS when an individual places himself in a hypocrite's position and empathizes 
with the other's feelings 
Eliminating Cognitive Dissonance - ANS done by either one cha...
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Add to cartCognitive Dissonance - ANS when a person entertains two inconsistent thoughts, a negative feeling 
occurs 
Vicarious Dissonance - ANS when an individual places himself in a hypocrite's position and empathizes 
with the other's feelings 
Eliminating Cognitive Dissonance - ANS done by either one cha...
What limits cell size? - ANS Surface area to volume ratio! 
Larger cells are less efficient in moving nutrients and waste across the cell membrane. 
As cell size increases, distance for _________ to diffuse from the nucleus increases. - ANS As cell size 
increases, distance for TOXINS, IONS, etc. to...
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Add to cartWhat limits cell size? - ANS Surface area to volume ratio! 
Larger cells are less efficient in moving nutrients and waste across the cell membrane. 
As cell size increases, distance for _________ to diffuse from the nucleus increases. - ANS As cell size 
increases, distance for TOXINS, IONS, etc. to...
Cell that myelinates PNS nerves - ANS Schwann Cell 
Cell that myelinates CNS nerves - ANS Oligodendrocyte 
How many cranial nerves? - ANS 12 pairs 
How many pairs of spinal nerves? - ANS 31 pairs 
Which root do sensory nerves form? - ANS Dorsal 
Which root do motor nerves form? - ANS Ventral 
Throug...
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Add to cartCell that myelinates PNS nerves - ANS Schwann Cell 
Cell that myelinates CNS nerves - ANS Oligodendrocyte 
How many cranial nerves? - ANS 12 pairs 
How many pairs of spinal nerves? - ANS 31 pairs 
Which root do sensory nerves form? - ANS Dorsal 
Which root do motor nerves form? - ANS Ventral 
Throug...
Tell me about yourself - ANS · I have a background in psychology 
· I completed my undergraduate degree in Psychology and my postgraduate degree in Health Psychology 
- both at UCL 
· Both during and after my studies I've been working as a Dispensing Assistant at a community pharmacy 
· My most...
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Add to cartTell me about yourself - ANS · I have a background in psychology 
· I completed my undergraduate degree in Psychology and my postgraduate degree in Health Psychology 
- both at UCL 
· Both during and after my studies I've been working as a Dispensing Assistant at a community pharmacy 
· My most...
economic rent 
A payment or other benefit received above and beyond what the individual would have received in his 
or her next best alternative (or reservation option) 
isocost line 
A line that represents all combinations that cost a given total amount 
cost of production equation 
c = (wL) + (pR)...
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Add to carteconomic rent 
A payment or other benefit received above and beyond what the individual would have received in his 
or her next best alternative (or reservation option) 
isocost line 
A line that represents all combinations that cost a given total amount 
cost of production equation 
c = (wL) + (pR)...
where is london? - ANS south east , western europe, northern hemisphere 
why good site for development - ANS lowest bridging point on thames and at high tide ships were able 
to navigate up river so city was a port 
london population - ANS 1/8th of population lives in london and 37% of ethnic minori...
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Add to cartwhere is london? - ANS south east , western europe, northern hemisphere 
why good site for development - ANS lowest bridging point on thames and at high tide ships were able 
to navigate up river so city was a port 
london population - ANS 1/8th of population lives in london and 37% of ethnic minori...
Educational background: - ANS Lionel Robbins his economic tutor for PPE Oxford 1929, scholarship to 
study under-consumptionist theories at UCL 1929, 1930= appointed to a lectureship in economics at LSE 
Political background: - ANS nonconformist, active in Union and Oxford Uni Labour Club 
1930s Wor...
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Add to cartEducational background: - ANS Lionel Robbins his economic tutor for PPE Oxford 1929, scholarship to 
study under-consumptionist theories at UCL 1929, 1930= appointed to a lectureship in economics at LSE 
Political background: - ANS nonconformist, active in Union and Oxford Uni Labour Club 
1930s Wor...
Educational background: - ANS Lionel Robbins his economic tutor for PPE Oxford 1929, scholarship to 
study under-consumptionist theories at UCL 1929, 1930= appointed to a lectureship in economics at LSE 
Political background: - ANS nonconformist, active in Union and Oxford Uni Labour Club 
1930s Wor...
Preview 1 out of 3 pages
Add to cartEducational background: - ANS Lionel Robbins his economic tutor for PPE Oxford 1929, scholarship to 
study under-consumptionist theories at UCL 1929, 1930= appointed to a lectureship in economics at LSE 
Political background: - ANS nonconformist, active in Union and Oxford Uni Labour Club 
1930s Wor...
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