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Exam Question
Money has 3 main functions, they are,…,…and…
- 1. IOU, inflation hedge, store of value
- 2. Medium of exchange, inflation hedge, store of value
- 3. Medium of exchange, unit of account, IOU
- 4. Medium of exchange, unit of account, store of value
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Practice set and Exam Quiz
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Exam Question
When the $/£ exchange rate rises the pound…, and when the $/£ rate falls the pound…
- 1. depreciates, appreciates
- 2. revalues, devalues
- 3. appreciates, depreciates
- 4. becomes more expensive, becomes cheaper
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Economics for Manager question set and give online exam quiz test for Economics for Manager, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
The demand for capital services is derived from a falling MRPK schedule
- 1. TRUE
- 2. FALSE
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Economics for Manager question set and give online exam quiz test for Economics for Manager, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
The common assumption of marginal utility and indifference curve theories is
- 1. Consistency
- 2. Transitivity
- 3. Rationality
- 4. More is better
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Practice set and Exam Quiz
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Exam Question
For given government spending and taxation, the government budget deficit will grow in…and decline in…
- 1. booms, booms
- 2. recession, recession
- 3. booms, recessions
- 4. recessions, booms
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Practice set and Exam Quiz
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Exam Question
Aggregate demand without a foreign sector is the sum of
- 1. C + I
- 2. C + G
- 3. I + G
- 4. C + I + G
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Practice set and Exam Quiz
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Exam Question
An upward shift in marginal cost…output and an upward shift in marginal revenue…output
- 1. reduces, reduces
- 2. reduces, increases
- 3. increases, increases
- 4. increases, reduces
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Economics for Manager question set and give online exam quiz test for Economics for Manager, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
The Phillips curve shows the trade-off between…and…
- 1. the inflation rate, interest rates
- 2. the inflation rate, the unemployment rate
- 3. interest rates, output
- 4. output, employment
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Economics for Manager question set and give online exam quiz test for Economics for Manager, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
The goods that can be substituted with each other are known as
- 1. Complementary goods
- 2. Competitive goods
- 3. Inferior goods
- 4. Veblen goods
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Practice set and Exam Quiz
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Exam Question
An autonomous increase in investment–
- 1. Does not affect the IS curve
- 2. Shifts the LM curve to the left
- 3. Shifts the IS curve to the left
- 4. Shifts the IS curve to the right
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Economics for Manager question set and give online exam quiz test for Economics for Manager, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
A surplus of a product will arise when price is
- 1. above equilibrium with the result that quantity demanded exceeds quantity supplied
- 2. above equilibrium with the result that quantity supplied exceeds quantity demanded
- 3. below equilibrium with the result that quantity demanded exceeds quantity supplied
- 4. below equilibrium with the result that quantity supplied exceeds quantity demanded
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Economics for Manager question set and give online exam quiz test for Economics for Manager, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
On a graph, a positive linear relationship
- 1. moves down to the right
- 2. moves up to the left
- 3. moves up to the right
- 4. moves down to the left
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Economics for Manager question set and give online exam quiz test for Economics for Manager, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
A person had an income of $20,000 last year and paid $10,000 in tax. This year, the person had an income of $100,000 and paid $30,000 in tax. The person’s marginal tax rate is
- 1. 25%
- 2. 30%
- 3. 50%
- 4. 100%
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Economics for Manager question set and give online exam quiz test for Economics for Manager, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
The opportunity cost of money that a firm’s owner has invested is an example of
- 1. implicit costs
- 2. direct production costs
- 3. sunk costs
- 4. accounting costs
- 5. explicit costs
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Practice set and Exam Quiz
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Exam Question
The largest transfer in the federal budget is
- 1. defense
- 2. education
- 3. social security
- 4. welfare
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Economics for Manager question set and give online exam quiz test for Economics for Manager, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
To find the profit-maximizing price and production rate, the firm compares its
- 1. P to AC
- 2. P to AVC
- 3. MR to MC
- 4. AVC to AFC
- 5. AR to AC
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Economics for Manager question set and give online exam quiz test for Economics for Manager, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
Monetarists believe that a reduction in…can be achieved by reducing…
- 1. unemployment, prices
- 2. inflation, wages
- 3. unemployment, wages
- 4. inflation, the quantity of nominal money
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Economics for Manager question set and give online exam quiz test for Economics for Manager, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
Real business cycles are cycles in…
- 1. potential output
- 2. actual output
- 3. real output
- 4. international trade
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Economics for Manager question set and give online exam quiz test for Economics for Manager, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
The short run Phillips curve can shift in response to changes in…
- 1. Inflationary expectations
- 2. unemployment
- 3. the inflation rate
- 4. wage rates
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Practice set and Exam Quiz
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Exam Question
The rate at which one input can be reduced per additional unit of the other input while holding output constant is measured by the
- 1. Marginal rate of substitution
- 2. Marginal rate of technical substitution
- 3. Average product of the input
- 4. None of the given options
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Economics for Manager question set and give online exam quiz test for Economics for Manager, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
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