When we make the judgment, that this action is good, we imply that the action has some ___ or that it is worthwhile.
A. Tradition
B. Affect
C. Value
D. Wisdom
Answer
Correct Answer: C. Value
Planned spending is defined as all spending except:
A. Unintended Increase in Savings
B. Unintended Increase in Interest Rate
C. Unintended Increase in Inventories
D. Unintended Increase in Inflation
Answer
Correct Answer: D. Unintended Increase in Inflation
The monopolist will never be in equilibrium at a point on the demand curve at which the elasticity of demand is ____.
A. Equal to 1
B. More than 1
C. Less than 1
D. Zero
Answer
Correct Answer: C. Less than 1
In the case of monopolistic competition, equilibrium takes place at the point where?
A. MR = MC
B. MR MC
C. MR MC
D. MC is less than Zero
Answer
Correct Answer: A. MR = MC
The concept of Pareto Optimum is also called:
A. Economic Efficiency
B. Production Efficiency
C. Consumption Efficiency
D. Distribution Efficiency
Answer
Correct Answer: A. Economic Efficiency
____ is the value imputed to any final asset because of its ease of conversion into a medium of exchange.
A. Portfolio Investment
B. Liquidity Premium
C. Liquidity Trap
D. Yield-Bearing Assets
Answer
Correct Answer: C. Liquid Trap
The Real Wages are obtained after adjusting for:
A. Tax
B. Inflation
C. Interest Rate
D. Demand for Labour
Answer
Correct Answer: B. Inflation