Question # 1

Court granted permission to not pay some or all of its debts which force it out of business?

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Bond

Bankruptcy

Principal

Interest

An increase in aggregate demand is more likely to lead to demand id more likely to lead to demand pull inflation if:

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Aggregates supply is perfectly elastic

Aggregate supply is perfectly inelastic

Aggregates supply is relatively elastic

Aggregate supply is relatively elastic

Which of the following concepts is not an explanation to why the aggregate demand curve is downward sloping?

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Wealth Effect

Exchange Rate Effect

Interest Rate Effect

Production

Who wrote 'The general Theory of Employment,interest and money''?

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Woodrow wilson

David Hume

Paul Samuelson

John Maynard Keynes

When did World Trade Organization replace GATT?

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1 January 1995

1 January 1998

1 December 1999

1 June 2000

Whose opinions have revolutionized the scope of macro economics?

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Adam Smith

J.B Say

J,M Keynes

All of the above

A Parliamentary Government cannot function without:

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Write Constitution

Rigid constitution

Political Parties

Independent Judiciary

Where is the European central bank Located:

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Luxembourg

Basel

Frankfurt

London

Ina parliamentary form of government minsters are appointed by:

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The head of he state at his discretion

The head of the government

The legislature

the head of he state on the recommendation of the head of the government

Economic growth can be measured by:

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The CPI

The CBI

GDP

MPC

The restriction of mate selection to people within the same group is called?

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Dependency

Exogamy

Endogamy

Incest taboo

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