Question # 1

A rise in the general level of prices is called

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A very bad thing

Raise

Inflation

Payroll

World trade has been increasing due to:

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Increased tariffs

Increased legal barriers

Increased embargoes

Reduced protectionism

If you collapse in a restaurant and quit breathing, You better hope that someone eise there known what?

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HRT

ACT

CPR

AMV

What is the effect the economy if reducing involuntary unemployment?

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It helps the economy move on to the Helps shift the economy move on to the Production Possibility Frontier

Helps shift the economy's production Possibility Frontier out wards

Helps the economy move along its Production possibility Frontier

Helps the economy Frontier

In pure capitalism the role of government is best described as:

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Significant

Extensive

Nonexistent

Limited

"Economics is what economics do" it has been supported by:

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Richard Jones

Comte

Gunnar Myrdal

All of the above

Where is the headquarters of World Trade Organization?

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New Delhi

New York

Geneva

None of the above

Who is known as Father of scientific Management?

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Henry Fayol

Elton Mayo

Chester Bernard

F.W Taylor

Passive factor of production is:

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Only land

Only capital

Both land and capital

Neither land nor capital

Which of the following is an economic activity?

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Teaching of a teacher in the school

To teach son at home

To serve her child by mother

To play football by a student

"Never has any one ruled on earth by basing his rule essentially other than the public opinion"Who has made this statement:

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Jose Ortegag Gassel

J,S,Mill

Lord Bryce

Morris Ginsberg

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