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Terminology Online Test MCQs With Answers
Question # 1
Who determines price under perfect competition?
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Representative firm
Industry
Normal firm
Government
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Question # 2
The effects of inflation on the price competitiveness of a country products may be offers by:
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An appreciation of the currency
A revaluation of the currency
A depreciation of the currency
Lower inflation abroad
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Question # 3
The Keynesian theory of employment provides the solution of?
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Frictional unemployment
Disguised unemployment
Cyclical unemployment
Seasonal unemployment
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Question # 4
From when did the Euro become a legal tender?
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1 December 1999
1 January 2000
1 January 2001
1 January 2002
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Question # 5
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
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Question # 6
Marx borrowed Dialectical Method form:
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Locke
Rousseau
Hegal
Green
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Question # 7
A pressure works for the Welfare of:
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Weaker sections of the society
All section of the society
Its members only
government employees
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Question # 8
where is the headquarters of Islamic Development Bank?
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Saudi Arabia
Sweden
Switzerland
None of the above
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Question # 9
The term Cowboy diplomacy was first used in 1902 by:
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Jackie Lawlor
Edmund Gullion
James Cable
David Hoffman
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Question # 10
The allocation of scarce resources and nearly all other economic activity stams form ritual habit or custom:
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Mixed economy
Capitalism
Traditional economy
communism
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Question # 11
Which term refers to an awareness to the relationship between the individual and his or her wider society?
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Sociology
Sociological imagination
Social justice
Social interpretation
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