Entrance model exams / Economics model exam

A Sum of frictional unemployment and cyclical unemployment

B Ratio of structural unemployment rate to the cyclical unemployment.

C Sum of frictional unemployment and structural unemployment

D Ratio of the frictional unemployment rate to the cyclical unemployment rate.

A it can be either positive or negative

B it can be generated by consumers or producers

C it is reciprocal in nature

D it can only be generated by producers

A Fiscal policy

B Trade policies

C Microeconomic Policies

D Monetary Policy

A Scarcity

B market failure

C market disequilibrium

D shortage

A The real balance effect

B The interest rate

C The international trade effect

D All of the above

A consumers must pay high price to enjoy its benefits

B anyone can be excluded from enjoying its benefits

C no one can be excluded from enjoying its benefits

D consumers pay a low price

A a shift in the AD curve

B movement along the same curve

C a shift in the AS curve

D movement along in different two curve

A Supply of superior good

B sale of adulterated goods

C Sale of duplicate goods

D misleading advertisement

A Capital account

B Personal account

C Current account

D All of the above

A perfect substitutes

B Imperfect substitutes

C perfect complementary goods

D imperfect complements