Question # 1

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

Economic development

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The same as economic growth

Means improvement in lifestyle

Exists when there is equal distribution of income

All of the above

The theory of Natural Rights holds that:

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Right are a divine creation

Right came form pre-civil society

Right were granted by the king

Right6s are granted by the Constitution

A pressure works for the Welfare of:

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Weaker sections of the society

All section of the society

Its members only

government employees

The public sector includes:

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Investors owing companies

Government ownerships of assets

Market forces of supply of and demand

All trade via barter

If an economy is productively efficient:

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Everyone is wealthy

Resource are unemployed

More of one product can only be produced if less of another product is produced

The distribution of income is equal

Marx propounded the theory of class struggle mainly in:

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The Economic and Political Manuscript

The communist Manifesto

Das capital

The Poverty of Philosophy

A brief story in prose or verse that teaches a moral or gives a pract6ical lesson about how to get along in life is called a:

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Myth

Dram

Folk tale

Fable

Which one of he following is an essential feature of he presidential system:

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Collective responsibility

Fixed term

Accountability to legislature

Nominal head of he state

If correlation coefficient is equal to zero, then variables will be?

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Associated

Correlated

Independent

Dependent

The Samuelson Holt formula provides a measure of?

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Consumer's equilibrium

Consumer's surplus

Elasticity of demand

Marginal utility

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