Terminology MCQs Online Test

Terminology Online Test

Sr. #	Questions	Answers Choice
1	Full employment is a situation when?	Cyclical unemployment is zero Frictional unemployment is zero Seasonal unemployment is zero Disguised unemployment is zero
2	Which of the following is not an item of transfer payment?	Pension Scholarship Dividend Subsidy
3	The term 'Animal Spirit' was used by Keynes for?	Consumption Investment Income Interest
4	The Keynesian theory of employment provides the solution of?	Frictional unemployment Disguised unemployment Cyclical unemployment Seasonal unemployment
5	An industry comprised of a very large number of sellers producing a standardized product is known as:	Monopolistic competition Oligopoly Pure monopoly Pure Competition
6	In which of the following industry structures is the entry of new firms the most difficult?	Pure monopoly Oligopoly Monopolistic competition Pure competiton
7	When the money market is in equilibrium:	The quantity of money demanded equals the quantity of money supplied<br> The interest rate is neither increasing nor decreasing<br> bond prices are stable <br> All of the above hold true<br>
8	The reduce the Federal funds rate the fed can:	Buy government bonds form the public <br> Increase the discount rate <br> Sell government bonds to commercial banks <br> Increase the prime interest rate<br>
9	The basic different between the ''short run''and the ''long run'' is that:	All cost are fixed in the short run, but all costs are variable i8n the long run<br> The law of diminishing returns applies in the long run, but not  in the short run.<br> At least one resource is fixed in the short run while all resources are variable in the long run<br> Economies of scale may be present in the short run, but not in the long run.<br>
10	The asset demand for money:	Is unrelated to both the interest rate and the level of GDP<br> Varies inversely with the rate of interest<br> Varies inversely with the level of real GDP<br> Varies directly with the level of nominal  GDP<br>

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