Question # 1

What is Tariffs?

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Decrease the domestic prices of a product

Increase the quantity of imports

Decrease domestic production

Increase government earnings form tax

The process of budget making after re-evaluating every item expenditure in every financial year is known as:

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Performance Budgeting:

Deficit Budgeting

Zero Based Budgeting

Fresh Budgeting

Which of the following is not involved with fiscal policy?

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Income tax

VAT

National insurance

Interest rates

Which organization has been founded to act as permanent watchdog on the international trade:

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ISRD

ADS

WTO

DIMF

Which of the following would increase aggregate demand?

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Increased saving

Increasing import spending

Increased taxation revenue

Increased investment

Carpe diem is a special genre of poetry:

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Death of the body

Seize the day

Love endures

The body decays

Hobbes gives individual the right to disobey the sovereign for?

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Self Preservation

Protection of Freedom

Removing injustice

A natural mono,poly occurs when:

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Long-run average costs decline continuously through the range of demand

A firm owns or controls some resource essential to production

Long-run average costs rise continuously as out put is increased

Economies of scale are obtained at relatively low levels of output

Who among he following talked of development tarp'?

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Lucian Pye

Fred Riggs

Myron Weiner

Edward shils

Who Defined sovereignty as the supreme authority which is independent of any other earthly authority?

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Kelsen

Willoughby

Oppenheim

Bentham

What is the full form of the RADAR?

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Rays Detecting and Ranging

Radio Detecting and Ranging

Radiio0n Deceading and ranging

Radio Detecting and Roaring

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