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.Management Sciences
Category: Basic of Economics
Inflation means ?
A. Rise in budget deficit
B. Rise in money supply
C. Rise in general price index
D. Reflection
Indemnity is_______________?
A. Security against damages loss, or injury
B. A legal exemption from liability for damages
C. Compensation for damages loss, or injury suffered
D. All of these
Keynesian economics is an economic theory of British economist John Maynard. What this theory states ?
A. A free market is necessary for economic growth and stability
B. Regulation is necessary for economic growth and stability
C. Active government intervention is necessary to ensure economic growth and stability
D. Government intervention is not necessary to ensure economic growth and stability
Which term is used for a country’s holdings of intentionally acceptable means of payment ?
A. Holdings
B. Reserves
C. Foreign currency
D. Treasure
What is called that debt obligation backed strictly by the borrower’s integrity ?
A. Debenture
B. Securities
C. Credit rating
D. None of them
Which term is used for an engagement in risky business with the idea of making a large profit in short time ?
A. Idealism
B. Blind game
C. Speculation
D. Risk covering
GNP is_______________?
A. Total sales in the economy
B. Total monetary transactions in an economy
C. The market value of all goods and services produced in an economy
D. Total spending in an economy
Name a gold, silver, or platinum coin than usually traded at slightly more than its current bullion value ?
A. Hard Leaf
B. Maple Leaf
C. Green Leaf
D. Gold Leaf
To what does the phrase terms of trade refer ?
A. the currency exchange rate
B. the difference between the value of visible exports and visible imports
C. The government’s policies to increase exports
D. the rate at which exports are exchanged for imports
Depression is a drastic decline in a national or international economy. It’s characteristic is_____________?
A. Decreasing business activity
B. Falling prices
C. Unemployment
D. All of these
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