Question # 1

The reduce the Federal funds rate the fed can:

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Buy government bonds form the public

Increase the discount rate

Sell government bonds to commercial banks

Increase the prime interest rate

Who describes the pressure groups as the Third House of he Legislature?

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Lord Bryce

H,M Finer

G, D. H. Cole

Dicey

What is a sequence of steps leading to a desired end?

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Algorithm

Hierarchy

Ambiguous

Sector

A voluntary association of people formed to carry on some kind of economic activity that will benefit its members?

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Revenues

Cooperative

Horizontal merger

Labour union

In a free market the combination of products produced will be determined by:

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Market forces of supply and demand

The goverment

The law

The Public sector

An outward shift of the production possibility frontier may be caused by:

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An increase in demand

More government spending

Better training of employees

Productive inefficiency

The term condition refers to:

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Predicting the future

Analysis and synthesis

Thinking or Knowing

Introspection

If the price in a market is fixed by the government below equilibrium:

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There is excess equilibrium

There is excess supply

There is excess demand

There is equilibrium

earning form primary products are often us unstable because:

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Demand is price elastic

Supply is price elastic

Supply conditions are relatively stable

Supply conditions are unstable

Which os the main reason of demand pull inflation?

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Increase in money supply

Increase in comercial expenditure

Increase in foreign demand for goods

All of the above

Which government income is included in revenue budget?

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Tax-revenue

Non tax-revenue

Both of above

None of the above

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