Question # 1

The military abbreviation APO stands for what?

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Army Post Office

Army Private Office

Air Force Public Officer

Menu costs in relation to inflation refer to:

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Costs of finding better raters of return

Cost of altering price lists

Costs of money increasing its value

Costs of revaluing the currency

Net investment is

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Gross investment minus household investment

Gross investment minus govt.investment

Gross investment minus capital consumption allowance

None of the above

An Enquiry into the Nature and Causes of Wealth of Nations is the book of economics written by:

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Adam Smith

Marshall

Robbins

None of above

The measure of the degree of association between the values of two random variables is called?

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Correlation

Association

Regression

Co-variance

What does stesso mean?

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Same

more motion

stop

quicker

The process of budget making after re-evaluating every item expenditure in every financial year is known as:

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Performance Budgeting:

Deficit Budgeting

Zero Based Budgeting

Fresh Budgeting

Normal profit occurs when:

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Average revenue equals average variable cost

Marginal revenue equals marginal cost

Average revenue equals marginal cost

Average revenue equals average cost

Dollar diplomacy term was originally coined by which president of USA?

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Theodore Roosevelt

Franklin D,Roosevelt

James Buchanan

Woodrow Wilson

Say's law of Markets states that:

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Demand creates its own supply

Supply creates its own demand

Demand creates its own demand

Supply creates its own supply

If an increase in investment leads to a bigger increase in national income this is called the:

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Aggregate demand

Accelerator

Monetarism

Multiplier

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