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Terminology Online Test MCQs With Answers
Question # 1
Who has given scarcity definition of economics?
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Adam Smith
Marshall
Robbins
Robertson
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Question # 2
Market where goods and services are offered for sale?
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Factor market
product market
productivity
service
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Question # 3
Marshall's representative firm is a long-run average firm while optimum firm is a:
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Maximum cost firm
Minimum cost firm
Marginal cost firm
Average cost firm
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Question # 4
Which term refers to an awareness to the relationship between the individual and his or her wider society?
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Sociology
Sociological imagination
Social justice
Social interpretation
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Question # 5
The precautionary demand for money is:
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An idle balance
An active balance
Directly related to interest rates
Inversely related to income
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Question # 6
ADC is an abbreviation used in the social work field and court system. what does tit stand for?
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aid to deceased children's families
aid to dependent children
aid to dependent children
aid to developing crisis plans
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Question # 7
In the medical field and Psychology the abbreviation ADD stand for what?
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Adrenal Glandular Dysfunction
Atrium Deficit disorder
Arterial Distal Disorder
Attention Deficit Disorder
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Question # 8
What is the technical name for conventional genre of poetry that usually celebrates the simplicity of rural life:
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Pastoral
Epic
Elegy
Ode
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Question # 9
Which of the following is not required while computing Gross National product (GNP)?
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Net foreign investment
Private investment
Per Capital income of citizens
Purchase of goods by government
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Question # 10
Which one of the following is the main feature of deliberative democracy?
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Parliamentary Sovereignty
Executive supremacy
Judicial autonomy
People effective participation
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Question # 11
Uruguay Round of multilateral trade negotiations:
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Started in 1986 and completed at the end of 1993
Replaced the GATT with WTO
Brought services and agriculture into WTO
all of the above
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