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 charge in quantity demanded because of the change in the relative price of the product?

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Change in quantity demanded

Change in demand

Law of demad

Substitution effect

What was the meaning of the term the Cisalpine Republic?

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Republic formed by Napoleon Bonaparte

A Frankish republic

Part of he Roman Republic

A republic set up by Giuseppe Garibaldi

The prices elasticity of demand coefficient indicates:

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Buyer responsiveness to price changes

The extent to which a demand curve shifts as incomes changes

The slope of he demand curve

How far business executive can stretch their fixed costs

Which one of the following is the main feature of deliberative democracy?

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Parliamentary Sovereignty

Executive supremacy

Judicial autonomy

People effective participation

The concept of disinvestment was introduced by:

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Friedman

Kaldor

Keynes

Myrdal

What is a grace note?

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A long played after a beat

A note that switches form 2 tones rapidly and rapidly and repeatively

A form of notation that some composers writer in

A usually short note, that is written smaller than normal and is mostly played before a beat

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

Who among the following talked of Political decay?

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Huntington

David Apter

Organski

Lucian Pye

Which of the following is not an item of transfer payment?

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Pension

Scholarship

Dividend

Subsidy

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

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