Question # 1

When was west African Monetary and Economic Union found?

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1991

1994

1992

1995

The theory of Natural Rights holds that:

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Right are a divine creation

Right came form pre-civil society

Right were granted by the king

Right6s are granted by the Constitution

What theory explains why deflation may actually lead to an increase in GDP?

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Solow effect

Rational expectations

Pigou effect

Adaptive expectations

Which country used Giant Pandas as diplomatic gifts to other countries (this term is famous as panda Diplomacy)?

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China

USA

France

Uruguay

Which sociologist coined the term sociological imagination?

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C.Wright mills

max Weber

James Frazer

Emile Durkheim

What is a rug?

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A lawn

a sleeping bag

a toupee

a lap robe

Fiscal deficit in the budget means:

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Revenue deficit plus the net borrowings of the government

Budgetary deficit plus the net borrowings of the government

Capital deficit plus revenue deficit

Primary deficit minus capital deficit

The driving force that encourages people and organizations to improve their material well being is called:

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Private property

Big houses

Vacations

Profit motive

What does sempre mean?

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Until

Quiet

Stop

Always

Where could you most likely have seen the letters TWA?

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Army base

Church

Airport

Gift store

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

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