Question # 1

Investment depends mainly on:

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Past levels of income

Futures expected profits

Present National Income levels

Historic data

Which theory holds that the right o the personality is the most important right o the man''?

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The Theory of natural Rights

The Legal Theory of Rights

The Historical Theory of Rights

The Idealistic theory of Rights

According to Marshall, the basis to consumer surplus is:

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Law of diminishing marginal utility

Law of equimarginal utility

Law of proportions

All of the above

The concept of premium applies to a person that is:

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Risk loving

Risk averse

Risk neutral

None of them

Which term is used for economies work best without of rules and regulations form the government''?

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Leissez-faire

subsidies

Interdependence

None of theses

''The State in which all authority and powers are vested in a single center, whose will and agents are legally omnipotent over the whole are'' is known as:

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Unitary Government

F3ederal Government

Parliamentary Government

Presidential Government

SSI is an abbreviation for which of the following?

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Supplement Security Income

Standard Supplement Income

Social Security investigation

Secret Service Investigation

An increase in aggregate demand will have most effect on prices if:

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Aggregate supply is price inelastic

Aggregate supply is price elastic

Aggregate supply has unitary price elasticity

Aggregate demand is price inelastic

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

In the short term a firm will firms produce provided the revenue:

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Covers fixed costs

Covers variable costs

Covers total costs

Covers revenue

Under new GATT agreements textile trade related to Multi- Fiber Arrangement (MFA) has to be abolished within?

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5 Years

10 Years

15 Years

20 Years

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