The Balance of Payments & The National Economy Mcqs
MCQ: The differences between a country’s merchandise exports and its merchandise imports is the ?
- balance of payments
- capital account
- current account
- balance of trade
Releted Questions
The Balance of Payments & The National Economy Mcqs
MCQ: Macroeconomics is the branch of economics that deals with ?
- imperfectly competitive markets:
- Only the long run adjustments to equilibrium in the economy
- The functioning of individual industries and the behavior of individual decision-making units business firms and households
- the economy as a whole
D
MCQ: Macroeconomic theory that emphasized the theories of Keynes and de-emphasized the classical theory developed as the result of the failure of ?
- economic theory to explain the simultaneous increases in inflation and unemployment during the 1970s
- The classical model to explain the prolonged existence of high unemployment during the Great Depression
- fine tuning during the 1960s
- the economy to grow at a rapid rate during the 1950s
B
MCQ: An index of prices of all domestically produced goods in the economy is the ?
- wholesale price index (WPI)
- Consumer price index (CPI)
- GDP deflator
- Producer price index (PPI)
C
MCQ: The length of a business cycle would be measured from ?
- the slump to the expansion
- peak to peak
- peak to trough
- trough to peak
B
MCQ: Aggregate demand includes only ?
- consumer expenditure government expenditure and investment
- consumer expenditure investment government expenditure and exports less imports
- consumer debt investment debt and government debt
- consumer expenditure and investment
A