Question # 1

The primary use to the kinked-demand curve is to explain price rigidity in:

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Oligopoly

Monopoly

Perfect competition

Monopolistic competition

Say's law of Markets states that:

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Demand creates its own supply

Supply creates its own demand

Demand creates its own demand

Supply creates its own supply

The scientific study of the sociological and Psychological aspects of aging and psychological aspects of aging and the problems of the aged is called?

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Gerontology

Ethnography

Exogamy

Incest taboo

Political liberty without economic liberty is a myth, Who has made this statement?

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Aristotle

T,H,Green

J,S, Mill

H,J, Laski

What is meant by the term the Grey shirts movement?

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Belgian Neo-Nazis

An American right-Wing movement

Italian Liberal Movement

South African Nationalists

Dollar diplomacy term was originally coined by which president of USA?

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Theodore Roosevelt

Franklin D,Roosevelt

James Buchanan

Woodrow Wilson

Fire Insurance is based on the principle of-

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Utmost Good faith

Insurable interest

Indemnity

Cooperation

A theory who stresses the rule of law is:

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Regulative law

Totalitarianism

Liberalism

None of these

What usually constitutes the main source of a governments income:

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Loans

Taxes and levies

Profits form business undertakings

Grants form world Bank

Who has said that a welfare state is'' a state that provides for its citizens a wide range of social services''?

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G,D,H Cole

H, J, Laski

Abraham

T,W,Kent

What is a rug?

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A lawn

a sleeping bag

a toupee

a lap robe

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