A. The Minimum External Scale

B. The Maximum External Scale

C. The Maximum Effective Scale

A. MPC

B. GDP

D. The CBI

A. its content is more important than its method

B. it is not concerned with the method of acquiring knowledge

D. id does not include the method of investigation

B. New classical economists

C. monetarists

D. left-wing theorists

A. that moral values different from one, s own are all wrong

B. everyones crazy except you and me (and Im not sure about you)

D. mindless acceptance of all cultural values of others

A. Depreciation

B. Capital investment

C. Acceleration

A. The average propensity to consume always approaches 0

B. The average propensity to consume gets nearer in value of the marginal propensity to consume

D. The average propensity to consume diverges in value from the marginal propensity to consume

A. Fixed costs

B. Revenue

C. Variable costs

A. Land

B. Labour

C. Capital

A. If the marginal cost is positive total costs are miximised

B. If the marginal cost is negative total costs increase at a decreasing rate if output increases

C. If the marginal cost is greater than the average cost the average cost falls

B. biology dictates human behavior while instincts direct animal behavior

C. people live in families while animals live in tribes

D. animals larger and stronger

B. Able to be transferred easily between industries

C. Constantly increasing

D. Constantly decreasing

A. Do not exist in monopoly

C. Do exist in perfect competition

D. Cannot exist in oligopoly

A. all animal groups

B. not only human but also ant society

D. none of the above

B. increase

C. remain constant

D. either increase or decrease depending on the size of the change in investment

A. A lower interest rate but the same quantity of money

B. A higher quantity of money but the same interest rate

C. A higher interest rate but the same quantity of money

A. verifying a hypothesis

B. replicating an experiment

D. analyzing data

A. There is no substitution effect when tax rates are changed

C. There is no income effect when tax rates are changed

D. The income effect of a wage change is greater than the substitution effect of a wage change.

A. Price plus quantity

C. Price minus quantity sold

D. Price multiplier by quantity sold

B. rebel against group norms

C. respond only to negative sanctions

D. respond only to violence

B. economic theories

C. the vocabulary of computer science

D. issues in psychology

A. personal adornment

B. food taboos

C. all of the above

A. 1/(1+ MPC)

C. 1 MPC

D. 1/MPC

A. Past income

B. Current income

D. Disposable income

A. consumption of goods and services

B. production of goods and services

C. distribution of goods and services

A. Rs26.67 million

B. Rs 15 million

C. Rs20 million

A. The expansion

B. The peeking out

D. The upturn

A. Always equal savings

B. include investment and export spending

D. Decrease aggregate demand

A. events under consideration are rare

B. no hypothesis can be formulated

C. limited research funds are available

A. 0.8

B. 800

D. 0.81

B. 1A

C. 10As

D. 7As

B. covers fixed costs

C. covers revenue

D. covers total costs

A. a totally value free approach

B. using the findings of the social sciences to reform society

C. statistical and quantitative ways of investigating human behavior

A. Likely to increase spending on imports

B. Likely to decrease investment

D. Likely to decrease savings

B. asking people who walk by to fill out naires

C. eating samples at various supermarkets

D. an entire population

A. Lower interest rates

B. Lower national income

C. An increase in withdrawals

A. reflects changes in society

B. passes on knowledge from generation to generation

C. helps humans to cooperate