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Economics MCQs / Q&A
AnsweringExams Question No. 38533
The balance on current account ?
I- equals the absolute value of the balance on capital account
II- is financed by savings
III- is net grants minus remittances
IV- includes goods services and unilateral transfers
A. I and II only…
n industrial societies the social class most likely to participate in social movements is…
n industrial societies the social class most likely to participate in social movements is the__________?
A. lower class
B. upper class
C. middle class (Correct)
D. all social classes equally
Which statement best describes how a command economy functioned in the Soviet Union ?
Which statement best describes how a command economy functioned in the Soviet Union ?
A. The laws of supply and demand controlled the economy
B. Trade policies mandated that imports exceed exports
C. The success of the agricultural…
Which of the following refers to Piaget,s developmental theory ?
Which of the following refers to Piaget,s developmental theory ?
A. Personality development acts independently of physical development
B. Personality development proceeds in stages related to sensorimotor maturation (Correct)
C.…
Who is called Father of Economics ?
Who is called Father of Economics ?
A. Adam smith (Correct)
B. David Ricardo
C. David smith
D. Adam Ricardo
The Nobel Prize in Economics 2015 was won by A. Angus Deaton
The Nobel Prize in Economics 2015 was won by
A. Angus Deaton(Correct)
B. Jean Tirole
C. Patrick Modiano
D. Arthur B. McDonald