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Terminology Online Test MCQs With Answers
Question # 1
The measure of the degree of association between the values of two random variables is called?
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Correlation
Association
Regression
Co-variance
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Question # 2
What do we call the conversation between tow or more characters:
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Dialect
Irony
Connotation
Dialogue
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Question # 3
Which of the following best expresses the law of demand:
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A high price reduces demand
A lower price reduces demand
A higher prices reduces quantity demanded
A lower prices shifts the demand curve to the right
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Question # 4
What is meant by the term meritocracy:
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People achieving via merit
People achieving via accident of birth
People achieving because of who they know
None of these
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Question # 5
Which word not belong in the military abbreviation NBC?
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Nuclear
Chemical
Biological
Clinical
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Question # 6
An expansionist fiscal policy could include:
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Lower interest rates
Increased landing by the banks
An increase in corporation tax
An increase in discretionary nary government spending
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Question # 7
A monopolisitically competitive firm in short run equilibrium:
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Will make negative profit (loss money)
Will make zero profit (break-even)
Will make positive profit
Any of the given are possible
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Question # 8
What is an ritenuto?
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A slow increase in tempo
A sudden reduction in tempo
An accented note
A fluctuation tempo that goes goes form slow to fast
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Question # 9
The unproductive expenditure of the rich is Necessary to the employment of the poor:
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An impediment to the growth of an economy
Having no bearing on the economy of the rich
Having no bearing on the economy
having bearing only on the economy of the rich
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Question # 10
The govt can control inflation by
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Increasing demand for goods
Increasing supply of goods
Increasing money supply
Decreasing taxes
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Question # 11
What minimum price is acceptable by a firm in the short-period?
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Equal to AC
Equal to AVC
Equal to AFC
Equal to TC
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