Question # 1

The concept of costing margin in the pricing theory was introduced by?

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Andrews

Baumol

Cournot

Williamson

Which does not belong in SPORTS?

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Releases

Slap

Touch

Pull

An increase in price all other things unchanged leads to:

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Shift demand out outwards

Shift demand inwards

A Contraction of demand

An extension of demand

Who has said that a welfare state is'' a state that provides for its citizens a wide range of social services''?

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G,D,H Cole

H, J, Laski

Abraham

T,W,Kent

Marginal utility is equal to average utility at that time when average utility is:

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Increasing

Maximum

Falling

Minimum

The reduce the Federal funds rate the fed can:

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Buy government bonds form the public

Increase the discount rate

Sell government bonds to commercial banks

Increase the prime interest rate

Investment is defined as a-

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Deployment of a sum in business operations

Purchasing an interest bearing bond

Change in the stock of capital

All the above

What is the effect the economy if reducing involuntary unemployment?

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It helps the economy move on to the Helps shift the economy move on to the Production Possibility Frontier

Helps shift the economy's production Possibility Frontier out wards

Helps the economy move along its Production possibility Frontier

Helps the economy Frontier

According to Marshall, the basis to consumer surplus is:

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Law of diminishing marginal utility

Law of equimarginal utility

Law of proportions

All of the above

What was meant by the term 'Bluestockings'?

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A term used to describe 18th century guilt stocks

Senior Knight of he Garter

An unflattering term of describe an educated woman

A term used to describe an expensive

What is a check representing a portion of the corporate earnings or profits called?

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Dividend

proxy

stock

fringe benefits

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