Question # 1

What is a check representing a portion of the corporate earnings or profits called?

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Dividend

proxy

stock

fringe benefits

Globlization is made more difficult by:

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The actions of the world Trade organization

The removal of protectionist measure

Exchange rate instability

More free trade agreements

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

An increase in national income is:

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Likely to increase exports

Likely to decrease savings

Likely to decrease investment

Likely to increase spending on imports

According to the utility model of consumer demand the law of diminishing marginal utility indicates that the demand curve is:

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Downward sloping

U-shaped

Upward sloping

Vertical

If a few firms dominate an industry the market is known as:

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Monopolistic competition

Competitively monopolistic

Duopoly

Oligopoly

Fire Insurance is based on the principle of

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Utmost Good faith

Insurable interest

Indemnity

Cooperation

When total utility becomes maximum then marginal utility will be:

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Minimum

Average

Zero

Negative

The Constitutional Government Means:

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Government based on the rule of the law

A Democratic Government

All these

Which of the following country's economy is know as high economy?

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America

U.K

Singapore

All of these

What is meant by the term the Grey shirts movement?

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Belgian Neo-Nazis

An American right-Wing movement

Italian Liberal Movement

South African Nationalists

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