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.Management Sciences
Category: Economics Mcqs
Which of the following is a possible government objective as opposed to a policy ?
A. Lower interest rates
B. Lower taxation rates
C. Lower government spending
D. Lower inflation
When internal economies of scale occur ?
A. Total costs fall
B. Marginal costs increase
C. Average costs fall
D. Revenue falls
Up till now how much of the water-logged and saline land has been reclaimed ?
A. 12 million acres
B. 18 million acres
C. 16 million acres
D. 14 million acres
Which of the following is a problem for fiscal policy in a currency union ?
A. The central bank controls interest rates on long-term bonds issued by the governments of the member countries of the currency union
B. Government of the member countries of the currency union may run large budget deficit and so crowd out private investment
C. government of the member countries of the currency union may run large budget deficits and so impose costs on other countries by pushing up interest rates on the bonds these countries governments issue
D. It is difficult to raise enough tax revenue to pay for the operation of the currency union
Term the written order which directs that a specified sum of money be paid to a specified person ?
A. Bill of Exchange BE
B. Bill of Lading
C. Bearer Cheque
D. None of them
According to the United States ____ is the number one violator of intellectual property rights
A. Canada
B. Australia
C. Japan
D. China
For equilibrium in an open four sector economy ?
A. Actual injections = actual withdrawals
B. Planned injections = planned withdrawals
C. Savings = investment
D. Government spending = tax revenue
Another term for nationalism might be________________?
A. racism
B. imperialism
C. colonialism
D. national ethnocentrism
Demand for labour is more likely to be wage inelastic if ?
A. Wages are a small proportion of total costs
B. Demand for the final product is price elastic
C. It is easy to replace labour
D. Capital is a good substitute for labour
Trade between two countries can be useful if cost ratios of goods are ?
A. Equal
B. Different
C. Undetermined
D. Decreasing
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