Economics 1 | Study Mode

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Question 41
A
Wages rise simultaneously with prices
B
The purchasing power of money diminishes
C
More money runs after a limited quantity of goods
D
Money supply increases
Explanation

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Correct option: A
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Question 42
A
production
B
exchange
C
distribution
D
investment
Explanation

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Correct option: C
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Question 43
A
board of directors
B
management
C
shareholders' conference
D
owner
Explanation

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Correct option: D
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Question 44
A
federal fiscal policy
B
coordinated federal, state and local fiscal policies
C
tax and revenue policies of state governments
D
federal grants to state and local government
Explanation

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Correct option: B
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Question 45
A
shareholder may lose the maximum of the amount he has invested
B
shareholder loses nothing
C
shareholders loses everything including his house
D
shareholder's liability becomes unlimited
Explanation

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Correct option: A
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Question 46
A
middle income group
B
higher income group
C
lower income group
D
top few richest people of the country
Explanation

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Correct option: C
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Question 47
A
according to absolute cost disadvantage
B
according to absolute cost disadvantage
C
according to comparative cost disadvantage
D
according to comparative cost advantage
Explanation

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Correct option: D
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Question 48
A
at a low price that received in the home market
B
in order to encourage indigenous producer
C
at a a price higher than that received in the foreign market
D
at a price equal to the cost price in the home market
Explanation

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Correct option: A
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Question 49
A
a fall in petroleum production
B
an over supply of petroleum
C
a higher petroleum price offered by the buyer
D
a higher petroleum price demanded by the seller
Explanation

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Correct option: B
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Question 50
A
no country can live in economic isolation
B
different countries are differently endowed in natural and man-made resources
C
the word demand for and supply of various categories of commodities is expanding very fast
D
countries want to build up their foreign exchange reserves
Explanation

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Correct option: B

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