Question # 1

What does contemporary mean?

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Form the past

Form the actual time

None of the these

Vote by which all of the people of state or territory express an opinion for or against a proposal especially form the government is known as:

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Plebiscite

By-election

Sub-election

special-election

An increase in cost will:

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Shift aggregate demand

Shift aggregate supply

Reduce the natural rate of Unemployment

Increase the natural rate of unemployment

When did World Trade Organization replace GATT?

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1 January 1995

1 January 1998

1 December 1999

1 June 2000

Investment is defined as a-

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Deployment of a sum in business operations

Purchasing an interest bearing bond

Change in the stock of capital

All the above

Which of he following is to not likely is not likely to be a government objective?

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Increasing employment

Increasing economic growth

Increasing government spending

Increasing the level of exports

The liquidity trap occurs when the demand for money:

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Is perfectly interest elastic

Is perfectly interest inelastic

Means that an increase in money supply leads to a fall in the interest rate

The Keynesian theory of employment provides the solution of?

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Frictional unemployment

Disguised unemployment

Cyclical unemployment

Seasonal unemployment

We measure national income by this method

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Expenditure method

Income method

Produnt method

All of the above

In pure capitalism the role of government is best described as:

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Significant

Extensive

Nonexistent

Limited

Where could you most likely have seen the letters TWA?

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Army base

Church

Airport

Gift store

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