Question # 1

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

The ideal of 'positive liberty' was first conceived by:

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Aristotle

Hegel

Green

Laski

You might take your little puppy to what kind of doctor?

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DDS

DVM

MD

DC

For a perfectly competitive firm:

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Price equals marginal revenue

Price is greater than marginal revenue

Price equals total revenue

Price equals total cost

Who among the following is associated with 'Cicic-Sovereignty,Theory?

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John Devey

John Strachy

R,H Tawney

S,G,Hobson

An increase in price all other things unchanged leads to:

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Shift demand out outwards

Shift demand inwards

A Contraction of demand

An extension of demand

The resources in the economy do not include:

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Demand

Land

Labour

Capital

What is a bludger?

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Someone who collects stamps

Some who swings a softball bat very hard

Somme one who collects stamps

Someone who sponges off of others

We measure national income by this method

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Expenditure method

Income method

Produnt method

All of the above

Globalization is likely to increase with:

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More protectionism

An increase in tariffs

More trade within countries

Greater trade flows between countries

The requirement that people select mates outside certain groups:

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Exogamy

Ethnography

Endogamy

Incest taboo

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