Тест на тему: Domestic production and prices

1. Entrepreneur is a(n) ... word.

a)Latin;

b)English;

c)French;

d)Greek.

2.Economists ... prices, compute total output and perform other useful tasks.

a)control;

b)check;

c)monitor.

3.About half of economists are ...

a)government economists;

b)academic economists;

c)business economists;

d)entrepreneurs.

4.Macroeconomics is a branch of economics that studies such variable as:

a)inflation;

b)society;

c)supply and demand.

5.Choose the natural resources:

a)tools, trucks, railroads;

b)water, forests, air;

c)food, clothing, newspapers.

6.How do opportunity costs affect both individuals and nations?

a)a state must spend less money on education;

b)an individual has to give up something that gives him pleasure;

c)an individual or a nation has to sacrifice something for the choice made

7.At the center of the U.S. banking system is...

a)the Federal Reserve System.

b)the National Bank.

c)the Central Bank of USA.

d)the Credit Union

8.The discount interest rate is known as:

a)exchange rate.

b)tax rate.

c)base rate.

d)money rate.

9.Flat money is supplemented by:

a)token money.

b)betting money.

c)IOU money.

d)mattress money.

10.The narrowest commonly used measure of money M1 consists of:

a)bills.

b)checking accounts.

c)coins.

d)all of the above are included.

11.The unit in which prices are quoted and accounts are kept is called:

a)the medium of exchanged.

b)the store of value.

c)the standard of deferred payment.

d)the unit of account.

12.The speculative demand for money is also called:

a)“betting money”.

b)“fiat money”.

c)“token money”.

d)“mattress money”.

13.The dominant school of economic thought before the Great Depression was:

a)Classical.

b)Keynesian.

c)Monetarist.

d)Recardian.

14.What is the primary instrument used to regulate monetary policy in the USA:

a)open market operations.

b)changes in reserve requirements.

c)changes in discount rate.

d)credit controls

15.The situation which is coming nearer to a pure competition, most likely, will be characteristic for:

a.The market of grain.

b.The market of cars.

c.The market of teachers services.

d.The market of pencils.

16.An example of monopsony, limited oligopoly, is:

a. The market of drugs.

b. Slave trade

c. Business "МММ".

17. The monopolistic competition arises in the markets of those goods, where

elasticity of demand:

a. It is low.

c. It is high.

b. It is approximately equal

c. Can be any.

18.A country's minimum interest rate is usually fixed by...

a)the commercial banks.

b)the credit unions.

c)the central bank.

d)the investment banks.

19.The reserve requirements is...

a)the interest rate a central bank charges on loans of reserves to banks.

b)the sum of money equal to a certain percentage of deposits that a bank must keep on hand.

c)one nation's currency that equals one unit of another nation's currency.

d)the currency supplied by the Central Bank both to the commercial

banks and to private circulation.

20.To combat inflation the government will often...

a)decrease the interest rate.

b)raise the interest rate.

c)raise the reserve requirement.

d)decrease the exchange rate.