Question # 1

The BEU is an economic union,What does it stand for:

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Belgian Economic Union

British Economic Union

Benelux Economic Union

Bombay Economic Union

Ageism term coined by:

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H.C. Armstrong

Pearl S.Buck

James Frazer

Robert N.Butler

Friedman's theory of consumption focuses on:

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Past income

Current income

Disposable income

Permanent income

Deficit financing increases-

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Rate of money inflation

Rate of money deflation

Rate of devaluation

All of the above

If the price in a market is fixed by the government below equilibrium:

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There is excess equilibrium

There is excess supply

There is excess demand

There is equilibrium

Net investment is

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Gross investment minus household investment

Gross investment minus govt.investment

Gross investment minus capital consumption allowance

None of the above

What is a kiwi?

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A dinner roll

A piece of fruit

A person from New Zealand

a bird that nests in the treetops

Which of the following best expresses the law of demand:

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A high price reduces demand

A lower price reduces demand

A higher prices reduces quantity demanded

A lower prices shifts the demand curve to the right

Carpe diem is a special genre of poetry:

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Death of the body

Seize the day

Love endures

The body decays

If the minimum wage is set above the equilibrium wage rate then other things unchanged:

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There will be equilibrium in the labour market

There will excess demand in the labour

There will be excess supply in the labour market

More people will be employed

What does the Latin word 'chronos' mean?

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Circle

Old

Time

Distance

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Terminology Online Test MCQs With Answers

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