ASEAN refers to the ?

Related Mcqs:

1. Perestroika in the former Soviet Union refers to ?

   A. total market reliance for resource allocation
   B. economic restructuring by Gorbachev
   C. intensified central planning
   D. None of the above

2. The bourgeoisie refers to ?

   A. the monarchy
   B. the central planners of the Soviet Union
   C. the capitalist and middle class
   D. the aristocrats of wealthy nations

3. Keiretsu refers to ?

   A. groups of affiliated companies loosely organized around a large bank
   B. horizontal manufacturing groups consisting of a core company and its partners
   C. State-assisted entrepreneurs
   D. financial cliques

4. The term Remittance refers to_______________?

   A. Sending of money to someone at distance
   B. The sum of money sent
   C. Both of them
   D. None of them

5. The term tariff, as used in international trade refers to ?

   A. The price of goods when they leave the producing country
   B. a limit on the quantity of a good that can be imported into a country
   C. a tax on imports
   D. a government payment to encourage exports

6. Refers to Exhibit 4. Suppose the economy is operating in a recession such as point B in Exhibit 4. If policy makers allow the economy to adjust to the long run natural rate on its own, ?

   A. People will reduce their price expectations and the short run aggregate supply will shift right
   B. People will raise their price expectations and aggregate demand will shift left
   C. People will raise their price expectations and the short run aggregate supply will shift left
   D. People will reduce their price expectations and aggregate demand will shift right

7. The use of the word “monopoly” in the name of the market structure called “monopolistic competition” refers to the fact that ?

   A. monopolistically competitive firms charge prices equal to their marginal costs just like monopolists
   B. a monopolistically competitive firms faces a downward-sloping demand curve for its differentiated product and so does a monopolist
   C. monopolistically competitive markets have free entry and exit just like a monopolistic market
   D. monopolistically competitive firms produce beyond their efficient scale and so do monopolists

8. The use of word “competition” in the name of the market structure called “monopolistic competition” refers to the fact that ?

   A. there are many sellers in a monopolistically competitive market and there is free entry and exit in the market just like a competitive market
   B. Monopolistically competitive firms face a downward-sloping demand curve just like competitive firms.
   C. Monopolistically competitive firms charge prices equal to the minimum of their average total cost just like competitive firms.
   D. The products are differentiated in a monopolistically competitive market just like in a competitive market.

9. The total number of item that the company carries within its product lines refers to the ________ of the product mix?

   A. width
   B. depth
   C. length
   D. consistency

10. The fact that services are sold, produced and consumed at the same time refers to which of the following service characteristics ?

    A. Intangibility
    B. Inseparability
    C. Variability
    D. Perishability