Question # 1

Market where goods and services are offered for sale?

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Factor market

product market

productivity

service

The term Cowboy diplomacy was first used in 1902 by:

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Jackie Lawlor

Edmund Gullion

James Cable

David Hoffman

What does sempre mean?

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Until

Quiet

Stop

Always

Who made the decision to name a single currency the Euro?

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European Commision

European Council

European Parliament

European Central Bank

According to the law of demand,when:

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Price increases demand decreases

Price decreases demand decreases

Price increases demand increases

Price decreases demand does not change

A system in which private citizens own the factors of production:

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Traditionalism

Communism

Capitalism

Profit

Products that increase the usefulness or value fo other products?

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substitutes

complements

income effects

Goods

Who has defined social selection saying social selection as a process of creating condition for survival?

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Lewis Morgan

Kari Marx

Herbert Spencer

Maclever

GRE Stand for:

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General Record Examination

Graduate record Examination

Graduate Reading Examination

Graduate Record Entry

What is "Dumping"?

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The sale of the sub-standard commodity

Sale in a foreign market of a commodity at a price below marginal cost

Sale in a foreign market of a commodity just at marginal cost without too much of profit

Smuggling of goods without paying any customs duty

National income is a?

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Money value of goods and services produced in a country during a year

Money value of stocks and shares of a country during a year

Money value of capital goods produced by a country during a year

Money value of consumer goods produced by a country during a year

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