Economics IV

1.

1 point

If two products are interchangeable, such as tea and coffee, the increase in price of coffee will lead to:

Increase in the volume of demand for tea

Decrease in the volume of demand for tea

Increase in demand for tea

Decrease in demand for tea

All of the answers are wrong

2.

1 point

Which of the following articles DOES NOT refer to public revenue:

Custom duties

Excise duties

The net incomes of fundraising from the market of free capital

Transfer payments to the population

Inheritance tax

3.

1 point

Oligopoly implies that:

There are two and more sellers of goods and services on the market

Can use all of these behaviors

Oligopolists try to predict behavior of competitors, but act within a certain economic community

Oligopolists do not take into account the behavior of their competitors and act like they are in perfect competition

Oligoplists collude with each other

4.

1 point

The need for state regulation of the economy is founded by representatives of areas of economic theory, such as:

Classical

Marginalism

Neoclassical

All of the answers are correct

Keynesian

5.

1 point

Which of the forms of property is more efficient in terms of productivity of labor:

Private

State

Collective

Mixed

Municipal

6.

1 point

GNP price deflator is calculated as the ratio of:

Nominal GDP to nominal GDP

Real GNP to nominal GDP

Nominal GDP to real GDP

Nominal GNP to real GNP

Real GNP to nominal GNP

7.

1 point

If currency of the country exchanges for any foreign currency without restrictions, i.e., there is no currency restrictions on current or capital transactions on the balance of payments, it means:

External convertibility

Inconvertibility of currencies

Internal convertibility

Free convertibility

Partial convertibility

8.

1 point

The exchange rate is determined by the following factors:

Purchasing power of monetary unit

Balance of payments position

Degree of confidence in the currency on global foreign-exchange market

Inflation rate

All of the answers are correct

9.

1 point

The highest management body of the joinstock company is:

Board of Directors

General Meeting of Shareholders

Meeting of Shareholders

Meeting of Holders of Preferred Shares

Meeting of Commissioners

10.

1 point

Low personal incomes exist because:

Economic activity is reduced

Wage-workers are unwilling to work

Taxes are too high

Employers undercut payments of employees

There is a decline in economy

11.

1 point

The concept of perfect competition implies that:

All of the answers are correct

There are no barriers to entry into the market

Goods, produced by large number of firms are standardized

The industry has a large number of manufacturers producing heterogeneous products

There is only one buyer of this product

12.

1 point

The bank:

Buys and sells money

Maintain accounts for transactions of its costumers

Buys and sells securities (financial assets)

All of the answers are correct

Provide a loan

13.

1 point

Government budget is:

Income account and outlay accounts of the state

All sections of public expenses

All sources of state revenues

All of the answers are wrong

Cost items of all economic subjects

14.

1 point

What is included in the infrastructure market:

Banks

Fairs

All of the answers are correct

Currency exchanges

Labor exchanges

15.

1 point

What is the unity of the laws of nature and society:

Have an objective character

Have historically incoming character

Occurs through the economic activity of people

Does not depend on activities of people

Are eternal

16.

1 point

Economic problems can be solved:

By construction and testing of hypotheses

Taking into account political considerations

With the help of economic models

Taking into account the views and values of each person

With the help of Economic Sciences

17.

1 point

What function is performed by credit money:

All of the answers are incorrect

Means of hoarding

Instrument of payment

Standard of value

Instrument of circulation

18.

1 point

What features characterize only commodity production:

Wares for own consumption

Social division of labor

The universalization of labor

Closed nature of production

The ability to determine what, how and for whom produce

19.

1 point

Goods market is in equilibrium if:

Price of the product satisfy buyers and sellers

At a given price intention of buyer to buy a given quantity of goods coincides with intentions of sellers to sell the same amount of goods

Demand volume for goods is equal to the volume offers this product

All of the answers are correct

There is no overflow or lack of goods on the market

20.

1 point

If production is carried out in the interests of an individual, it is:

Collective ownership and collective appropriation

Public ownership and social appropriation

All of the answers are wrong

Municipal property

Private property and private appropriation

21.

1 point

Policy of protectionism for the first time was recommended by:

Marginalists

Early mercantilists

Later mercantilists

Neoclassicists

Physiocrats

22.

1 point

If the ratio of cross-elasticity of two products is equal to 0, then these products are:

Interchangeable

All of the answers are wrong

Downscale

Independent

Complementary

23.

1 point

Means of production is:

The set of objects of labor and manpower

All of the answers are wrong

The set of means of labor, subject of labor and manpower

The set of means of labor and subject of labor

The set of means of labor and labor

24.

1 point

The state budget deficit – it is always phenomenon:

Positive

Negative

All of the answers are wrong

There are different estimates

Neutral

25.

1 point

Uncompensated seizure from the owner his property in the fixed state order is:

Nationalization

Monopolization

Denationalization

Confiscation

Privatization

26.

1 point

Which definition best describes the subject of economic theory:

Is a science about human behavior motion

Is a science about the most general laws of development of human society in the context of limited resources

Is a science about the production and criteria of distribution of produced goods

Is a science about the dynamics of material and spiritual needs of man

Is a science about natural wealth

27.

1 point

Elimination of duties for imported goods will lead to:

Budget losses

Increase of consumption of this product

Decrease in production of the goods within the country

Reduction of domestic price of the product

All of the answers are correct

28.

1 point

Demand price is:

The minimum price that buyers are willing to pay for this product

The minimum price at which sellers are realizing their goods

The maximum price at which sellers are realizing goods on the market

All of the answers are wrong

The maximum price that buyers are willing to pay for a given quantity of goods

29.

1 point

In accordance with classical theory of employment exists:

Only cyclical unemployment

Only frictional unemployment

Only technological unemployment

Only voluntary unemployment

Only structural unemployment

30.

1 point

Production is effectively, if:

The full use of manufacturing resources

The full use of labor and manufacturing resources

The full use of all available resources

There is provided a full use of labor resources

The law of diminishing productivity of factors of production does not work