Question # 1

Barriers to entry do not include:

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Patents

Internal economies of scale

Mobility of resources

High investment costs

Marginal utility is equal to average utility at that time when average utility is:

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Increasing

Maximum

Falling

Minimum

Where might you purchase an SUV?

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flower garden

Department store

car dealership

farmers market

A natural mono,poly occurs when:

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Long-run average costs decline continuously through the range of demand

A firm owns or controls some resource essential to production

Long-run average costs rise continuously as out put is increased

Economies of scale are obtained at relatively low levels of output

Which of the following is not a way of helping developing economies?

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Aid

Loans

Protectionism of developed markets

Training and education programmes

Pass through effect in international trade theory refers to:

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The proportion of an exchange rate change that is reflected in export and import price change

Exports and imports not facing any tariff barrier

Exports and imports not facing any technical barrier

All of the above

RAW stands for:

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Research and Analysis wing

Reorganize and Analysis wing

Research and Annihilation wing

Research and analysis workers

Gross National Product is equal to?

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Net National product adjusted for inflation

Gross Domestic product adjusted for inflation

Gross Domestic product plus net property income from abroad

Net National Product plus not property income from abroad

What does LAPES stand for?

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Low activity Parachute Extraction system

Low altitude parachute extraction system

Low Area Parachute Evaluation service

Lightly Articulate Pulmonary Extension

The passion for equality made vain the hope for liberty"Who has made this statement?

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J,S,Mill

V,I, Lenin

Jeremy Bentham

Lord Acton

IACHR is a court for human rights of the given options Which is the correct full form?

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International American Court for Human Rights

International Asian court for Human rights

International African Court for Human

Inter-Asian Court for Human Rights

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