Question # 1

Which factor is not related to economic development?

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Continuous process

Increase in real national income

Long run and continuous increase

Compulsory change in economic walfare

Which is not a monetary measure to control inflation?

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Soft loan policy

Hard credit policy

Tight the regulation of money issue

To reduce the quantity of money

If you collapse in a restaurant and quit breathing, You better hope that someone eise there known what?

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HRT

ACT

CPR

AMV

What do we4 call the series to related events that make up a story:

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Novel

Foreshadowing

Myth

Plot

Under normal circumstances, when the price of a commodity falls. the quantity demanded will:

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Decrease

Increase

Remain unchanged

Nobody knows

Profit is measured by:

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Revenue - fixed costs

fixed cost + revenue

Revenue - sales

Revenue - total costs

Marginal utility is equal to average utility at that time when average utility is:

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Increasing

Maximum

Falling

Minimum

The unproductive expenditure of the rich is Necessary to the employment of the poor:

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An impediment to the growth of an economy

Having no bearing on the economy of the rich

Having no bearing on the economy

having bearing only on the economy of the rich

Marshall's representative firm is a long-run average firm while optimum firm is a:

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Maximum cost firm

Minimum cost firm

Marginal cost firm

Average cost firm

Gross National Product is equal to?

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Net National product adjusted for inflation

Gross Domestic product adjusted for inflation

Gross Domestic product plus net property income from abroad

Net National Product plus not property income from abroad

Say's law of Markets states that:

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Demand creates its own supply

Supply creates its own demand

Demand creates its own demand

Supply creates its own supply

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