Question # 1

When was the world Federation of Trade Union founded?

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1949

1945

1946

1942

The reason for cost push inflation is:

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Increase in money wages

Increase in rate of profit

Both of above

None of the above

Who introduced the concept of 'Permanent Income Hypothesis'?

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Irving Fisher

Adam smith

Milton Friedman

Franco

Who among the following talked of Political decay?

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Huntington

David Apter

Organski

Lucian Pye

Which of the following would increase aggregate demand?

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Increased saving

Increasing import spending

Increased taxation revenue

Increased investment

A paramedic reaches the scene of an automobile accident and says there are two DOAs, is that good or bad?

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Good

Bad

Both good and bad

None of these

Globlization is made more difficult by:

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The actions of the world Trade organization

The removal of protectionist measure

Exchange rate instability

More free trade agreements

Karl Marx's used which term for the capitalist class, comprising the owners of the means of production:

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Causal logic

Bourgeoisie

Cohabitation

Class system

What is a 15-sided polygon?

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Enneagon

Nonagon

Pentadecagon

Dodecagon

According to Marshall, the basis to consumer surplus is:

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Law of diminishing marginal utility

Law of equimarginal utility

Law of proportions

All of the above

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

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