[{"id":214825,"question":"When investment is assumed to autonomous the slope of the AD schedule is determined by the.","choices":[{"text":"Marginal propensity to invest.","value":"A"},{"text":"disposable income","value":"B"},{"text":"Marginal propensity to consume","value":"C"},{"text":"Average properisity to consume","value":"D"},{"text":"","value":"E"}],"correctAnswer":3},{"id":214824,"question":"If desired spending in the economy exceeds income we would expect.","choices":[{"text":"House hold to save more","value":"A"},{"text":"Firm to produce less","value":"B"},{"text":"Firms is produce more","value":"C"},{"text":"the MPC to change","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":214823,"question":"Short run equilibrium output means that aggregate demand _ actual output","choices":[{"text":"is less than","value":"A"},{"text":"equals","value":"B"},{"text":"is greater than","value":"C"},{"text":"fluctuates around","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":214822,"question":"In linear consumption function with a positive slope less that on means that if income increase, consumption will.","choices":[{"text":"Fall","value":"A"},{"text":"Not change","value":"B"},{"text":"Fluctuate","value":"C"},{"text":"Increase","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":214821,"question":"When we refer to the hidden economy we mean unrecorded income owing to.","choices":[{"text":"Tax evasion","value":"A"},{"text":"Poor statistics","value":"B"},{"text":"The lags between statistical collection and publication .","value":"C"},{"text":"Smuggling","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":214820,"question":"Real GNP is a crude measure of national welfare because it excludes.","choices":[{"text":"Consumption","value":"A"},{"text":"Investment","value":"B"},{"text":"Export's","value":"C"},{"text":"work in the home","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":214819,"question":"Real GNP measures income","choices":[{"text":"Including non market activities","value":"A"},{"text":"Adjusted for inflation","value":"B"},{"text":"Including externalities","value":"C"},{"text":"Including tax evasion","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":214818,"question":"Nominal GNP measures income","choices":[{"text":"At the present time","value":"A"},{"text":"Corrected for tax changes","value":"B"},{"text":"Corrected for changes in interest rates","value":"C"},{"text":"At current prices","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":214817,"question":"In the circular flow we would expect leakages to __________ injections.","choices":[{"text":"equal","value":"A"},{"text":"be less than","value":"B"},{"text":"by greater than","value":"C"},{"text":"Be less or greater than","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":214816,"question":"Injection into the circular flow are _________ and _______","choices":[{"text":"Consumption, investment, exports","value":"A"},{"text":"Investment exports, transfer payments","value":"B"},{"text":"Investment government expenditure, exports.","value":"C"},{"text":"Taxes, exports, transfer payments.","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":214815,"question":"Leakages from the circular flow are____ and _____","choices":[{"text":"Investment savings, government expenditure","value":"A"},{"text":"Saving , taxes net of subsidies, imports","value":"B"},{"text":"Consumption, investment , government expenditure.","value":"C"},{"text":"Consumption, taxes, impports","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":214814,"question":"In the economy when a steel producer sells steel to car producer it is regarded as.","choices":[{"text":"A final good","value":"A"},{"text":"An intermediate good","value":"B"},{"text":"an injection","value":"C"},{"text":"a 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market.","choices":[{"text":"15%","value":"A"},{"text":"20%","value":"B"},{"text":"25%","value":"C"},{"text":"30%","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":214810,"question":"If two firms doing the same thing in the same industry join together this is known as a.","choices":[{"text":"vertical merger","value":"A"},{"text":"Horizontal merger","value":"B"},{"text":"Conglomerate merger","value":"C"},{"text":"Hostile takeover","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":214809,"question":"The effect of a tax to offset a negative eternality will be to ________ price and ____ quantity.","choices":[{"text":"Reduce, reduce","value":"A"},{"text":"increase, increase","value":"B"},{"text":"Increase , reduce","value":"C"},{"text":"reduce, increase","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":214808,"question":"Taxes create a wedge between the sales price and purchase price that prevents the price system equaling _________ and","choices":[{"text":"Marginal costs, marginal benefits","value":"A"},{"text":"Demand, supply","value":"B"},{"text":"Marginal cost, marginal revenue","value":"C"},{"text":"Marginal cost, average cost","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":214807,"question":"Except for taxes to offset ___ taxes are.","choices":[{"text":"Imperfect competition , popular","value":"A"},{"text":"Extremality's, distortionary","value":"B"},{"text":"Inequality, a first best option","value":"C"},{"text":"Poor health, unnecessary","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":214806,"question":"Satellite television subscription and television detection devices are ways in which broadcasting companies address the _____ problem.","choices":[{"text":"Externality","value":"A"},{"text":"Market imperfection","value":"B"},{"text":"Deadweight burden","value":"C"},{"text":"Free rider","value":"D"},{"value":"E"}],"correctAnswer":4}]