Question # 1

A market with few entry barriers and with many firms that sell different product is:

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Purely competitive

A monopoly

Monopolistically competitive

Oligopolistic

Black money is:

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Counterfelt currency

Illegally earned money

Money earned through underhand deals

Income on which payment of tax is usually evaded

A simple correlation can defined as the tendency of?

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Independent variation

Dependent variation

Simultaneous variation

Instantaneous variation

What is a grace note?

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A long played after a beat

A note that switches form 2 tones rapidly and rapidly and repeatively

A form of notation that some composers writer in

A usually short note, that is written smaller than normal and is mostly played before a beat

Which of hr following can the government not use directly to control the economy:

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Pay rates within the private sector

Pay rates in the pubic sector

Investment in education

Benefits available for the unemployed and sick

What does 'the Civic List' man and refer to in the UK?

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Money paid by the taxpayer for the upkeep of civil rights groups

Money paid by the taxpayer for the upkeep of the unemployed

Money paid by the taxpayer for the upkeep of the Royal family

Money paid by the taxpayer to servicemen recently discharged form the armed forces

Who among the following is associated with 'Cicic-Sovereignty,Theory?

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John Devey

John Strachy

R,H Tawney

S,G,Hobson

If the cross price elasticity of demand between two goods X and Y is positive it means that goods are:

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Independent

Complements

Substitutes

Inferior

World Economic Outlook report is issued annually by?

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IMF

ILO

WHO

World Bank

The concept of premium applies to a person that is:

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Risk loving

Risk averse

Risk neutral

None of them

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

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