Question # 1

The concept of unbaled growth and balance growth are.

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Unlimited value

Single value

Limited value

Short value

An increase in autonomous consumer expenditure causes the equilibrium levelof aggregate output to _______ at any given interest rate and shifts the ____ curve to the

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rise ; LM ;right

rise ; IS ; right

fall ; LM, Left

rise ; IS ; Left

When the stock market a rising it is called.

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Bearish

Bullish

Perfect competition

Rising up

Who defined research is a systematic development of logically related prepositions.

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Black and champion

comet

Weber

Morry

The expected profit from the profit distribution above is.

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40 units

60 units

100 units

20 units

If employees cannot accept a job because of the costs of moving this is known as.

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Occupational immobility

Cyclical unemployment

Structural immobility

Geographical immobility

If matrix A is of m x n dimension, then A will be

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n x m dimension

m x n dimension

n x p dimension

m x m dimension

The extent of variability is measured by

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Central tendency

Measures of dispersion

Arithmetic mean

Co relation

An import function is 100+0.1 Y and exports are exogenous. If income (Y) is 500, and there is a trade deficit of 50, then exports are.

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0

25

75

100

An increase labor supply would cause the IS curve to.

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Shift up and to the right

Shift down and to the left

Remain unchanged

Shift up and to the right only if people face borrowing constraints

In the mid 1960's agricultural scientists developed high yielding varieties of.

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Rice and Wheat

Rice and Cotton

Coffee, rubber

None of these

The Ad, SRAS ,and LRAS curve each show a relationship between which two economic variables.

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The aggregate price level and output

The aggregate price level and the interest rate

Output and unemployment

Output and the interest rate.

Oligopoly is a market structure in which

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Many firms each produce a slightly differentiated product

One firm produces as unique product

A small number of firms compete

Many firms produce an identical product

a possible use in encomia's for the circle or the ellipse is to model.

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Production possibility curve

Demand cuve

Isocost liine

Supply curve

A set continuing no elements is called.

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Null set

mpty set

void set

all of the above

The real value can be derived from a nominal value by

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Adjusting changes over time

Adjusting for data collection errors

Adjusting for population changes

Adjusting for changes in prices

The signed minor of the matrass A is called.

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Adjoin

Co factor

Minor

Rank

Which trade policy results in the government levying both a specific tariff and an advalorem tariff on imported goods.

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Compound tariff

Nominals tariff

Effective tariff

Revenue tariff

If for the output of worth 1 million the stock of capital worth 4 million is required this will be.

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capital profit ratio

Output profit ration

Capital output ratio

Capital input ratio

The opportunity cost of a student is.

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Course fees and rent

A loan from the bank

What the student could have earned in the best job available by not studying.

What the student will earn after graduation.

Statistics should be capable of.

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Empiricism

systematic inquiry

Comparison

Evolution

"Treating an individual as typical of a group.

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Pure discrimination

statistical discrimination

Human capital

Specific skills

An increases in the quantity of money supplied shifts the money supply curve to the _____and the LM curve to the

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right ; left

right ; right

left ; left

left ; right

In the efficiency wage model if the real wage is higher than the market clearing wage so that there in an excess supply of labor.

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Firms will hire new workers at lower wages

Firms will replace high paid workers with low paid formerly unemployed workers

Employers will not hire workers who are willing to work for a lower wage.

Firms will demand a higher level of effort from existing employees

Skills that can be transferred to other employers are called.

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General skills

Specific skills

Non pecuniary skills

All of the above

Which of the following is the agro based industry.

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Carpets

Iron work

Dairy farms

Woodwork

If the price of an apple increases.

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Its opportunity cost decreases

Its opportunity cost increases

The substitution effect does not occur

The income effect does not occur

In perfect competition, a seller by increasing price.

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Sell more

Produce its revenue

Decrease cost

Sell nothing

If saving rate is 12.0% , ICOR value is 3% and population Rate is 2.0% then the Growth Rate would be.

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2.0%

3.65

4.0%

6.0%

When plotted with the aggregate price level on the vertical axis and output on the horizontal axis, which of the following curves slopes downward.

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SRAS

AD

LRAS

None of the above

Which does the government not control directly.

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Spending on health

spending on defense

Firm's investment decisions

spending on education

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