Question # 1

What is the main cause of inflation?

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Increases in money supply

Fall in production

Increases in money supply and fall in production

Decreases in money supply and fall in production

The term Cowboy diplomacy was first used in 1902 by:

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Jackie Lawlor

Edmund Gullion

James Cable

David Hoffman

Which of the following would increase aggregate demand?

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Increased saving

Increasing import spending

Increased taxation revenue

Increased investment

Which measure can check inflation?

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surplus budgeting

Increase in Direct taxation

Curtaliment in Public expenditure

All of these

What minimum price is acceptable by a firm in the short-period?

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Equal to AC

Equal to AVC

Equal to AFC

Equal to TC

In a free market the combination of products produced will be determined by:

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Market forces of supply and demand

The goverment

The law

The Public sector

Who coined the term of Ageism?

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H.C. Armstrong

Pearl S. Buck

James Frazer

Robert N Butler

Aggregated demand will increases if:

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Consumption falls

investment falls

Exports fall

Imports falls

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

Karl Marx's used which term for the capitalist class, comprising the owners of the means of production:

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Causal logic

Bourgeoisie

Cohabitation

Class system

Black money is:

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Counterfelt currency

Illegally earned money

Money earned through underhand deals

Income on which payment of tax is usually evaded

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