Question No.

2 Marks : 2

A study of, how increases in the minimum wage rate will affect the nationalunemploy

ment rate, is an example of:1o Descriptive economics.2o Normative economics.3o Macroeconomics.4 o Microeconomics

Which of the following are leakages from the circular flow?

o
Consumption and saving.3

o
Saving and imports.

o
Imports and exports.

Exports and saving.

ross domestic product is a measure of: G

The total market value of all final

goods and services produced in one year.

1.

The price level of goods and services sold in one year.

2.

The total amount of refrigerators, washing machines and other household appliances
3.

produced in one year.

The total amount of goods and services produced by private companies in one year.
4.

definition of profit is: T

Total assets minus total liabilities.
1.

Total sales minus total taxes.

Total revenues minus total cost

3.

Total sales minus total wages.

4.

hich combination of policies would

be the m ost expansionary?

A decrease in government spending and an increase in taxes.
4.

An increase in government spending and taxes.

1.

A decrease in government

spending and taxes.

2.

An increase in government spending and a decrease in taxes.

3.

Which of the following would be an example

rd companies.

4.

Price supports for agricultural products.

1.
Controls on apartment rent in major cities.

2.
Limiting interest charged by credit ca

3.

Price controls during World War II.

he circular flow model, businesses:

Demand both products and resources. 3. Supply products and demand resources

4. Supply products and demand resources. 5. Demand products and supply resources.

he production poss ibility curve is

4.
Positive.

1.
Concave.

2.
Convex.

3.
Linear.

eflation refers to:

.

4. A federal government policy of running budget surpluses. D

1. Decreasing relative prices 2. A decreasing price level. 3.

A slowing down of the rate of inflation.

Activity (3)
Filters

ReviewAdd note 1 hundred reads|about 1 month ago

Recommended

Economics MCQs

SANJEEV SUBEDI

More From This User

Science
R.S.H

http://www.allonlinefree.com/
R.S.H

PURCHASE ONLY

rape of the lock satire http://www.allonlinefree.com/

R.S.H

PURCHASE ONLY

pope 18 century representative

R.S.H


PURCHASE ONLY

Donne as a love poet

R.S.H

PURCHASE ONLY

introduction to BACON ESSAYS

R.S.H

PURCHASE ONLY

introduction to BACON ESSAYS

R.S.H

PURCHASE ONLY

Bacons Essays a blend of philosophizing, moralizing an...

R.S.H

Dictionary of Islamic Terms

R.S.H

R.S.H

Forty Ahdees
R.S.H

Recruitment Policy 2013

R.S.H

duaen
R.S.H

Rules Syllabus for CSS

R.S.H

Rules Syllabus for CSS

R.S.H

Word Lists : Vocabulary word lists for SAT, PSAT, GRE and...
R.S.H

element and symbol

R.S.H

curriulum
R.S.H

12222
R.S.H

5curriulum(1)
R.S.H

5curriulum(1)
R.S.H

5curriulum(1)
R.S.H

4Biology MCQs-1
R.S.H

introduBiology ction to MCQs-1

R.S.H

Spoken English Course-grammer English

R.S.H

About
About Scribd Team Blog Join our team! Contact Us

Subscriptions
Subscribe today Your subscription Gift cards

Advertise with us
Get started AdChoices

Support
Help FAQ Press Purchase Help

Partners

Publishers Developers / API

Legal
Terms Privacy Copyright

Get Scribd Mobile

Mobile Site Copyright 2013 Scribd Inc. Language: English