Question # 1

What did the term 'Ironclad' refer to?

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The first Kinghts to wear to wear amour

The first armoured vehicles

A guaranteed prposition or word of honour

A class of warships

A theory who stresses the rule of law is:

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Regulative law

Totalitarianism

Liberalism

None of these

What is meant by the term the Grey shirts movement?

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Belgian Neo-Nazis

An American right-Wing movement

Italian Liberal Movement

South African Nationalists

Where is the headquarters of Caribbean Development bank?

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Barbados

Guyana

Trinidad

Tobago

When did the Euro banknotes and coins start to circulated:

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January 1,2002

December 1,2001

July 1, 2002

January 1, 2003

Which of the following would decrease aggregate demand?

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Increased consumption

Increasing export revenue

Increasing taxation revenue

Increased investment

Hobbes gives individual the right to disobey the sovereign for?

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Self Preservation

Protection of Freedom

Removing injustice

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

For a perfectly competitive firm:

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Price equals marginal revenue

Price is greater than marginal revenue

Price equals total revenue

Price equals total cost

The primary use to the kinked-demand curve is to explain price rigidity in:

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Oligopoly

Monopoly

Perfect competition

Monopolistic competition

What is "Dumping"?

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The sale of the sub-standard commodity

Sale in a foreign market of a commodity at a price below marginal cost

Sale in a foreign market of a commodity just at marginal cost without too much of profit

Smuggling of goods without paying any customs duty

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