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.Management Sciences
Category: Economics Mcqs
A _______ allows a specified number of goods to be imported each year, and it not specifies from where the product is shipped and who is permitted to import ?
A. import quota
B. export quota
C. selective quota
D. global quota
Terrorist groups differ from liberation organizations in that_______________?
A. only terrorists take credit for bombing museums
B. they do not organize the masses on a large scale
C. they tend to hide in rural areas
D. their leaders are well known
Which of the following government policies is least likely to increase likely to increase growth in Africa ?
A. increase expenditure on public education
B. eliminate civil war
C. All of these answers would increase growth
D. increase restrictions on the importing of American tractors and electronics
In perfect price discrimination ?
A. Consumer surplus is maximised
B. produce surplus is zero
C. Community surplus is maximised
D. Consumer surplus is zero
With free trade the total quantity of imports would equal ?
A. 10,000 units
B. 40,000 units
C. 42,000 units
D. 50,000 units
Aggregate demand in an economy trading internationally with a government sector can be written as ?
A. AD = C + I
B. AD = C + I + G
C. AD = C + I + G + X + Z
D. AD = C + I + G + X – Z
According to classical models, the level of employment is determined primarily by ?
A. the level of aggregate demand for goods and services.
B. prices and wages
C. interest rates
D. the quantity of money
Which of the following is not a macroeconomic issue ?
A. Unemployment
B. Inflation
C. The wages paid to footballers
D. Economic growth
Collective behavior is_______________________?
A. rather unstructured
B. well planned
C. based on regular norms
D. individual behavior multiplied
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