Question # 1

When a firm is maximizing profit it will necessarily be:

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Maximizing profit per unit of ouput

Maximizing the difference between total revenue and total cost

Minimizing total cost

Maximizing total revenue

Max weber's term for lower made legitimate by a leader's exceptional personal or emotional appeal to his or her followers:

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Causal logic

Charismatic authority

Cohabitation

Closed system

Adam Smith's The Wealth of nations was published in:

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1772

1773

1774

1776

Which one of the following according to Morgenthau is not a vital component of national interest?

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Physical identity

Political identity

Cultural identity

Individual identity

Who is a Lame Duck in a stock market?

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A Naive investor

A new investor

A member of the stock exchange who cannot meet his obligations:

A member of the stock exchange who is engaged in insider trading

Who made the decision to name a single currency the Euro?

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European Commision

European Council

European Parliament

European Central Bank

What is an MMR?

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Immunization

Medical test

Airline

Device

Who among the following identified democracy wth crruption machine politics and gangsterism?

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Pareto

Laski

Robert Hahl

C. W. Millls

The four factor payment are:

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Money, capital, salaries, and income

Wages, rent, interest, and profits

Money, power, prestige, and wealth

Wages, interest, salaries, and income

SSI is an abbreviation for which of the following?

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Supplement Security Income

Standard Supplement Income

Social Security investigation

Secret Service Investigation

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

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Decrease

Increase

Remain unchanged

Nobody knows

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