Question # 1

A movement along the demand curve may be caused by

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A change in income

A change in the number of buyers

A change in advertising

A shift in supply

Pure monopoly means:

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Any market in which the demand curve to the firm is down sloping

A standardized product being produced by many firms

A single firm producing a product for which there are no close substitutes

A large number of firms producing a differentiated product

A simple correlation can defined as the tendency of?

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Independent variation

Dependent variation

Simultaneous variation

Instantaneous variation

Finding a partner to works with abroad is called a:

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Takeover

Merger

Acquisition

Joint venture

This is known as the uncertainty or anxiety the reader feels about what will happen next in a story.

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Suspense

Theme

Symbol

Motivation

The sudden and violent overthrow of a government almost invariably by military is termed as:

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Revolution

Political change

Coup d' etat

none of these

A system in which private citizens own the factors of production:

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Traditionalism

Communism

Capitalism

Profit

An increase in national income is likely to:

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Decrease tax receipts

Worsen the balance of trade

Automatically cause an increase in government spending

Cause an increase in injections into the economy

Monopoly is when there is a single:

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Seller

Market

Buyer

Game

Which of the following cannot be accepted factor of production?

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Land

Labour

Light of sun

Capital

Profits is caused by-

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Dynamic element in the economy

Innovation

Windfall

All of the above

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