Question # 1

Normal profit occurs when:

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Average revenue equals average variable cost

Marginal revenue equals marginal cost

Average revenue equals marginal cost

Average revenue equals average cost

Malthusian theory of population is based on:

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Harmonic progression of population

Geometric progression of food production

Arithmetic progression of population

Geometric progression of population

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 a hard currency?

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Whose external value is increasing

Which can be acquired only with official permission

Which can be obtained only against sale of gold

Which is accepted in International transactions

When stock market is falling is called

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Bearish

Bullish

Anti Dumping

Dumping

Demand pull inflation may be caused by:

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an increase in costs

a reduction in interest rate

a reduction in government spending

an outward shift in aggregate supply

The term 'Animal Spirit' was used by Keynes for?

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Consumption

Investment

Income

Interest

If correlation coefficient is equal to zero, then variables will be?

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Associated

Correlated

Independent

Dependent

What is a grace note?

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A long played after a beat

A note that switches form 2 tones rapidly and rapidly and repeatively

A form of notation that some composers writer in

A usually short note, that is written smaller than normal and is mostly played before a beat

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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