Question # 1

What is a reflationary policy?

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Increases aggregate supply

Increases aggregate demand

Decreases the price level

Increases full employment

What does USMC stand for?

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Uncle Sam's Misguided children

United states Marine corpse

United states Marine corps

United states Military company

The effects of inflation on the price competitiveness of a country products may be offers by:

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An appreciation of the currency

A revaluation of the currency

A depreciation of the currency

Lower inflation abroad

Price are likely to be least flexible:

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In oligopoly

In monopolistic competition

where product demand ins inelastic

In pure competition

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

The tendency to assume that one;s culture and way of life represent the norm or are superior to all others:

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Incest taboo

Endogamy

Ethnocentrism

Dependency

Who among the following was the first to propound the Pluralistic Theory of Sovereignty?

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H.J.Laski

Jean Bodin

Otto Von Gierke

Maclver

Every country establishes central bank to:

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issue notes

Supervise commercial banks

Give loans to businessmen

Both a and b

Negotiations between representatives of labor management?

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Professional association

Collective bargaining

Chamber of commerce

Unlimited life

Movement of individuals or groups form one position of a society of a society's stratification system to another is known as:

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Social change

Social mobility

Vertical mobility

None of these

Where is he headquarters of the world federation of Trade union:

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Czech Republic

Russia

U.K.

U.S.A

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