A Ia Crecy means to be garnished with what ?

Related Mcqs:

1. Endorsement means anything written upon the back of the document What does means by Endorse ?

   A. To verify signature
   B. To verify the person holding cheque
   C. To sign one’s name upon the back of cheque
   D. To sign one’s name upon the front of cheque

2. Devaluation means ?

   A. Converting rupee into gold
   B. Lowering of the value of one currency in comparison of some foreign currency
   C. Making rupee dearer in comparison to some foreign currency
   D. None of these

3. A budgetary deficit means ?

   A. Total expenditure is more than total revenue
   B. Current expenditure is more than current revenue
   C. Capital expenditure is more than capital revenue
   D. Total expenditure is more than current revenue

4. The U.S has granted China permanent most favored nation treatment (normal trade relations) This means that the tariff schedules which apply to U.S imports from china ?

   A. have tariff rates equal to zero suggesting a free trade policy for the United States
   B. have lower tariff rates than the rates that apply to any other country sending goods to the United States
   C. have tariff rates that are identical to the rates that apply to other countries to which the U.S grants most-favored nation treatment
   D. have lower tariff rates than the rates that apply to other countries to which the U.S grants most favored nation treatment

5. A linear consumption function with a positive slope less than one means that if income increases consumption will ?

   A. fall
   B. not change
   C. fluctuate
   D. increase

6. Short-run equilibrium output means that aggregate demand __________ actual output?

   A. is less than
   B. equals
   C. is greater than
   D. fluctuates around

7. The price elasticity of demand is a negative number this means ?

   A. Demand is price elastic
   B. Demand is price inelastic
   C. The demand curve is downward sloping
   D. An increase in income will reduce the quantity demanded

8. The maximin criterion suggested by Rawls’s theory of justice means that the government should aim to ?

   A. Maximize the total utility of society
   B. Maximize the well-being of the worst-off person in society
   C. minimize the difference between the rich and poor
   D. maximize the economic freedom of individuals by minimizing government interference in private decision making
   E. minimize the well-being of the best-off person in society

9. A progressive income tax means that those with a higher income pay ?

   A. a higher percentage of their income in taxes then low income people
   B. a lower percentage of their income in taxes than low income people
   C. the same percentage of their income in taxes as low income people all the taxes in the economy.
   D. all the taxes in the economy

10. Oligopoly means:___________?

    A. Business by rich people
    B. Monopoly shared by few large sellers
    C. Just one supplier of an item
    D. None of the above

    Submitted by: HYDER ALI ANSARI