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.Management Sciences
Category: Economics Mcqs
Refer to Exhibit 4. Which of the following is true with regard to the burden of the tax in Exhibit 4 ?
A. The buyers pay a larger portion of the tax because demand is more inelastic than supply
B. The sellers pay a larger portion of the tax because supply is more elastic than demand
C. The buyers pay a larger portion of the tax because demand is more elastic then supply
D. The sellers pay a larger portion of the tax because supply is more inelastic than demand
The three main tools of monetary policy are ?
A. fiat, commodity and deposit money
B. Open-market operations reserve requirements and the refinancing rate
C. The money supply, government purchases and taxation
D. Government expenditures taxation and reserve requirements
E. Coin, currency and demand deposits
What were the goals of the Constitutional Convention ?
A. To preserve the status quo
B. To form a government that would serve the interests of all groups in the society
C. To insure the power of the small farmers
D. To diminish the power of a strong central government
The term technology refers to______________?
A. Application of science to achieve a commercial or industrial objective
B. Application of modern science in the country
C. Science based know low
D. All of these
If no imported inputs (hard-disk drive) go into the domestic production of a final product (desktop computer) then the ?
A. nominal tariff rate on the final product equals the effective tariff rate on the product
B. nominal tariff rate on the final product is greater than the effective rate on the product
C. nominal tariff rate on the final product is less than the effective tariff rate on the final product
D. None of the above
Embezzlement and fraud are two examples of_________________?
A. white collar crime
B. crimes against persons
C. organized crime
D. property crimes
The unemployment rate is the ?
A. employed plus unemployed divided by labor force
B. total employment divided by population
C. labor force divided by population
D. unemployed divided by employed
Cocoa is a tropical plant and requires heat and moisture. Which of the following countries is leading in cocoa productions in the World ?
A. Brazil
B. Nigeria
C. Ghana
D. Ivory Coast
The initial effect of an increase in the money supply is to ?
A. increase the interest rate
B. increase the price level
C. decrease the price level
D. decrease the interest rate
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