Question # 1

The term Cowboy diplomacy was first used in 1902 by:

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Jackie Lawlor

Edmund Gullion

James Cable

David Hoffman

Which of the following is an indirect tax?

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Coroporation tax

Excise Duty

Wealth tax

Capital Gains tax

The reserves of a commercial bank consist of:

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The amount of money market funds it holds.

Deposits at the Federal Reserve Bank and vault cash

Government bonds which the bank holds

The bank's net worth.

The free market involves:

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The free provision of products

The subsidising of products by the government

Market forces of supply and demand

All trad via barter

The term 'Animal Spirit' was used by Keynes for?

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Consumption

Investment

Income

Interest

The communist manifesto was first published in which language?

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English

French

German

Russian

The passion for equality made vain the hope for liberty"Who has made this statement?

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J,S,Mill

V,I, Lenin

Jeremy Bentham

Lord Acton

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

Depletion method of depreciation is used in case of:

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Cattle, Loose Tools, etc

Mines, Quarries, etc

Machinery, Building, etc

Books

One in which people's economic affairs can take place freely but are subject to some government intervention and regulation:

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Traditional economy

Command economy

No such thing

Mixed economy

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

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Terminology Online Test MCQs With Answers

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