Question # 1

Globalization is likely to increase with:

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More protectionism

An increase in tariffs

More trade within countries

Greater trade flows between countries

Who is known as father of economics?

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David Riccardo

Thomas Malthus

jean Colbert

Adam smith

The extent to which persons or organizations are better off at the end of a period than they were at the beginning?

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Profit

Inventory

Good

Fringe benefits

What does the term 'Beer' Hall Putsch' refer to?

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A riot during the 1969 Munich Beer fest

Adolf Hitler' s attempt to seize power in Bavaria

Paul von Hindenburg's siezure of power of the weimar Republic

Renee el Parasol march on Cuzcatlan

Whose opinions have revolutionized the scope of macro economics?

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Adam Smith

J.B Say

J,M Keynes

All of the above

UNA stand for:

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Urgent Access Number

Universal Access Number

Universe Access Number

None of above

What is patriarchy?

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Domination of society

Domination of society by women

Domination of society by men

None of these

The basic different between the ''short run''and the ''long run'' is that:

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All cost are fixed in the short run, but all costs are variable i8n the long run

The law of diminishing returns applies in the long run, but not in the short run.

At least one resource is fixed in the short run while all resources are variable in the long run

Economies of scale may be present in the short run, but not in the long run.

When was west African Monetary and Economic Union found?

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1991

1994

1992

1995

What do we call a lyric ode written in honor of a bride and groom?

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Sonnet

Elegy

Epithalamium

Pastoral Elegy

Open Market Operations occur when the government:

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Reduces the interest rate

Buys and sells bonds and securities

Increases taxation

Increases the exchange rate

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