Question # 1

Reducing inflation is a more important objective than economic growth is an example of:

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Normative economics

Positive economics

Objective economics

Reality economics

For a perfectly competitive firm:

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Price equals marginal revenue

Price is greater than marginal revenue

Price equals total revenue

Price equals total cost

Profit is measured by:

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Revenue - fixed costs

fixed cost + revenue

Revenue - sales

Revenue - total costs

When the rate of money inflation increase then the prices of commodities?

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Increase

Decrease

Remain constant

Do not change

The Phrase ''citizen diplomacy'' was first coined by:

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Edmund Gullion

James Cable

Mr.Joseph Montville

David Hoffman

If we compare GDP and GNP, then

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GNP = GDP - net income from abroad

GNP = GDP + net income from abroad

GNP = NNP - net income from abroad

GNP = NNP + net income from abroad

The liquidity trap occurs when the demand for money:

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Is perfectly interest elastic

Is perfectly interest inelastic

Means that an increase in money supply leads to a fall in the interest rate

What does FPCT stand for?

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fielding percentage

fielding Put outs

fielding pick offs

fielding errors

A written promise to reply the amount borrowed at a later date?

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Bond

Bankruptcy

Principal

interest

The abbreviation NASA stands for which of the following:

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National Association safely Association

National Aeronautics and Space

National Aeronautics and Space Admi9nsitraion

North American Space Administration

What is a Cadenza?

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A note that is held for an amount of time that is up to the conductor

A tempo that is faster than moderato, but slower then allegretto

Another name for an accidental

an extended solo that is usually sped up or slowed down at the performers will

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