Question # 1

Aggregated demand will increases if:

Choose an answer

Consumption falls

investment falls

Exports fall

Imports falls

What does 'chronology' mean?

Choose an answer

Something that happened before 1500

Any history that is boring

In the correct order of time

None of these

Land is the only factor of production whose supply is?

Choose an answer

More Elastic

Perfectly Elastic

Perfectly Inelastic

Unitary Elastic

In England, to what did the term 'alderman'

Choose an answer

A collector of alders

Similar to a town crier but with only Bi annual duties

Another name for mayor

A civic dignitary

A constitutional government stands for:

Choose an answer

a limited government

a government run according to the provisions of the constitution

a government run according to the wishes of the rulers

a government run according to the wishes of the party bosses

If we compare GDP and GNP, then

Choose an answer

GNP = GDP - net income from abroad

GNP = GDP + net income from abroad

GNP = NNP - net income from abroad

GNP = NNP + net income from abroad

Demand for Primary products is likely to be:

Choose an answer

Very sensitive to price

Price elastic

Unit elastic

Income inelastic

An expansionist fiscal policy could include:

Choose an answer

Lower interest rates

Increased landing by the banks

An increase in corporation tax

An increase in discretionary nary government spending

''The State in which all authority and powers are vested in a single center, whose will and agents are legally omnipotent over the whole are'' is known as:

Choose an answer

Unitary Government

F3ederal Government

Parliamentary Government

Presidential Government

A governmental agency that has the abbreviation of FDA is what:

Choose an answer

free diet advice

Federal Drug agency

food and drug administration

federal deposit agency

The liquidity trap occurs when the demand for money:

Choose an answer

Is perfectly interest elastic

Is perfectly interest inelastic

Means that an increase in money supply leads to a fall in the interest rate

More Classes

Other Links

Terminology Online Test MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer