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2231EconomicsMedium

Scientific conclusions are________?

Aabsolute truths for all times

Bpersonal opinions of important scholars

Crelative to time and place of study and subject to revision

Duniversally accepted

Correct answer

C. relative to time and place of study and subject to revision

Explanation

The correct answer is relative to time and place of study and subject to revision.

2232EconomicsMedium

De-regulation is where the government?

Aremoves barriers to entry

Bbreaks up private sector monopolies.

Cremoves barriers to entry and minimum product quality standards

Dimposes higher standards of conduct

Correct answer

C. removes barriers to entry and minimum product quality standards

Explanation

The correct answer is removes barriers to entry and minimum product quality standards.

2233EconomicsMedium

High and persistent inflation is caused by?

Aunions increasing wages too much

Bgovernments increasing the quantity of money too much

Cregulations raising the cost of production too much

DOPEC raising the price of oil too much

Correct answer

A. unions increasing wages too much

Explanation

The correct answer is unions increasing wages too much.

2234EconomicsMedium

The view of the Phillips curve that prevailed in the 1960s implied that policies that?

Alower inflation rate will tend to raise the unemployment rate

Blower unemployment rate will tend to raise the inflation rate

Clower unemployment rate will tend to lower the inflation rate

Draise inflation rate will tend to raise the unemployment rate

Correct answer

B. lower unemployment rate will tend to raise the inflation rate

Explanation

The correct answer is lower unemployment rate will tend to raise the inflation rate.

2235EconomicsMedium

The Bank of England and the Federal Reserve?

Aare branches of commercial banks

Buse fiscal policy to influence GDP

Care central banks

Dloan money to most of LDC commercial banks

Correct answer

C. are central banks

Explanation

The correct answer is are central banks.

2236EconomicsMedium

Shareholders of a corporation elect individuals to carry out certain tasks that are establishment in the charter. What these individuals are called?

ABoard of Governor

BTop brass

CBoard of Directors

DManagement

Correct answer

C. Board of Directors

Explanation

The correct answer is Board of Directors.

2237EconomicsMedium

Suppose the demand for good Z goes up when the price of good Y goes down. We can say that goods Z and Y are?

Aperfect substitutes

Bcomplements

Csubstitutes.

Dunrelated goods.

Correct answer

B. complements

Explanation

The correct answer is complements.

2238EconomicsMedium

State-owned enterprises (SOEs) are also called?

Acentralized firms

Bgovernment oligopolies

Cpublic enterprises

Dmarket economies

Correct answer

C. public enterprises

Explanation

The correct answer is public enterprises.

2239EconomicsMedium

For the United States, commercial jetliners are?

AImported, but not exported

BNeither exported nor imported

CExported, but not imported

DImported and exported

Correct answer

D. Imported and exported

Explanation

The correct answer is Imported and exported.

2240EconomicsMedium

What country had the third largest area of forest?

ABrazil

BRussia

CUnited States

DCanada

Correct answer

D. Canada

Explanation

The correct answer is Canada.

Scientific conclusions are________?

Aabsolute truths for all times

Bpersonal opinions of important scholars

Crelative to time and place of study and subject to revision

Duniversally accepted

Correct answer

C. relative to time and place of study and subject to revision

Explanation

The correct answer is relative to time and place of study and subject to revision.

De-regulation is where the government?

Aremoves barriers to entry

Bbreaks up private sector monopolies.

Cremoves barriers to entry and minimum product quality standards

Dimposes higher standards of conduct

Correct answer

C. removes barriers to entry and minimum product quality standards

Explanation

The correct answer is removes barriers to entry and minimum product quality standards.

The view of the Phillips curve that prevailed in the 1960s implied that policies that?

Alower inflation rate will tend to raise the unemployment rate

Blower unemployment rate will tend to raise the inflation rate

Clower unemployment rate will tend to lower the inflation rate

Draise inflation rate will tend to raise the unemployment rate

Correct answer

B. lower unemployment rate will tend to raise the inflation rate

Explanation

The correct answer is lower unemployment rate will tend to raise the inflation rate.