A. Frictional
B. natural
C. real-wage
D. disequilibrium
Economics Mcqs
The demand for ice-cream is lower outside of summer causing lower demand for ice-cream salesman if they cannot find other work, this is called ……. unemployment?
A. Regional
B. structural
C. seasonal
D. demand-deficient
As prices rise. People will want to keep more money as cash and in bank accounts This is called ?
A. real balance effect.
B. cash ratio.
C. money illusion.
D. menu costs of inflation.
Government policies that focus on increasing production rather than demand are called ?
A. fiscal policies
B. monetary policies
C. supply-side policies
incomes policies
Government policies that focus on changing interest rates are called ?
A. fiscal policies
B. monetary policies
C. supply-side policies
D. incomes policies
If VAT rates rise, then costs are likely to … and demand is likely to ….?
A. rise; rise
B. rise; fall
C. fall; fall
D. fall; rise
The record of country’s imports and exports of goods is called its ?
A. balance of trade:
B. balance of payments
C. balance of payments on current account
D. visible trade balance
The record of a country’s imports and exports of of goods and services plus net investment incomes and current transfers of money to and from abroad, is called its ?
A. balance of payments on current account
B. visible trade balance
C. balance of trade
D. balance of payments
The record of country’s transfers of land inter-government payments and money sent by migrants to and from abroad is called its ?
A. balance of payments
B. capital account of the balance of payments
C. financial account of the balance of payments
D. balance of payments on current account
The price of one country’s currency in terms of another country’s currency is the ?
A. exchange rate
B. balance of trade
C. terms of trade
D. currency validation