A. bifocalism

C. upright posture

D. grasping ability of the hand

A. The demand curve is the marginal cost curve

B. The demand curve is the marginal revenue

D. The marginal cost is the average cost curve

B. Revenue falls

C. Total costs fall

D. Marginal costs increase

A. A symphony orchestra

C. A jail

D. A rock bands

A. demography

B. psychology

C. cultural anthropology

B. The price equals the marginal cost

C. The total cost equals demand

D. The average revenue equals the marginal revenue

A. cultural relativity

C. ethnic uniformity

D. cultural pride

B. Average revenue is greater than average cost

C. Average revenue is greater than average fixed cost

D. Average revenue is greater than average variable cost

A. An inward shift of the production possibility frontier

B. A movement along the production possibility frontier

C. A decision by the government to produce inside the production possibility frontier

A. all of the above

B. are in continual conflict

C. are separate phenomena

A. Average revenue equals marginal cost

B. Average revenue equals average cost

D. Average cost equals marginal cost

A. Increase inflation

B. Decrease deflation

D. Reduce the interest rate

B. aggregate supply will increase, aggregate output will increase and the price level will decrease

C. aggregate supply will increase aggregate output will increase and the price level will increase

D. both aggregate supply and demand will increase and the price level will increase

B. Publicly held stock to private individuals

C. Privately owned business to the government sector

D. corporately owned businesses to individuals

B. Productive inefficiency

C. An increase in demand

D. More government spending

A. Leave output where it is:

B. Increase costs

D. Increase output

A. exogenous

B. constant

C. independent

B. aggregate expenditure

C. aggregate investment

D. aggregate demand

A. 4

B. 25

D. 2.5

B. An active balance

C. Directly related to interest rates

D. Inversely related to income

A. No profit is made is accounting terms

B. Other firms will join the industry

D. They will aim to leave the industry

A. folkways

B. taboos

D. table manners

B. occurs among more than two variables

C. precedes causation

D. only indicates a probable relation

A. a psychological condition

B. a theater symphony hall and museum

D. one cultural trait

A. The average consumption level

B. The amount of income when consumption is zero

D. The amount of consumption when income is zero

B. guideline

C. folkway

D. norm

A. social science research techniques are flawed

B. social scientists are a lawless group

D. the various disciplines squabble among themselves

A. folkways

B. customs

D. traditions

A. Marginal costs are Minimized

B. Average costs are minimized

C. Average costs are maximized

B. The average cost for 11 units is Rs1300

C. The average cost increase from Rs20 to Rs30

D. The total costs for 11 units are Rs700

A. Is likely to reduce savings

B. Is likely to reduce the external value of the currency

D. Leads to a movement along the MEC schedule

A. The cost of borrowing equals the marginal efficiency of capital

B. The cost of borrowing is greater than the marginal efficiency of capital

C. The cost of borrowing equals the marginal propensity to consume

B. The marginal product increases as more units of a variable factor are added to a fixed factor

C. The total product falls as more units of a variable factor are added to a fixed factor

D. Marginal utility falls as more unity of a product are consumed

A. Resources are unemployed

B. The distribution of income is eqal

D. Everyone is wealthy

A. independent variables

B. constants

D. none of the above

B. The demand side of the country

C. The underground economy

D. The charities economy

A. The output per worker

B. Total output

C. The output per machine

A. The velocity of circulation and the number of transactions is constant

C. There is deflation

D. The velocity of circulation decrease

A. Producer surplus increases

C. Some products are produced that would not otherwise be produced

D. Firms profits increase

A. Total cost is falling

C. Total cost is increasing at an increasing rate

D. Total cost is falling at a falling rate

A. Reduce interest rates

B. Sell government bonds

C. Buy back government bonds

A. historians do not use computers

B. it is not based on evidence

C. it does not study people

B. Reducing taxation rates

C. increase injections

D. Reducing government spending

B. Total revenue equals total cost

C. No profit is being made

D. Producing another unit would increase profits

A. is derived from the average fixed costs

B. Equals the total costs divided by the output

D. Equals revenue minus profits

A. X inefficient

B. Allocatively inefficient

D. Consumer inefficient

B. hyperinflation

C. an inflationary gap

D. hysteresis

A. the average tax propensity

C. the fiscal stance

D. the tax multiplier

A. There are no fixed factors of production

B. There are no variable factors of production

D. Some factors of production are fixed

A. Courage

B. Ethical neutrality

C. Patience