THE UNIVERSITY OF HONG KONG School of Economics & Finance 2010 Spring Semester‚ First Midterm Examination Economics: ECON1001 (J and K) Introduction to Economic I Version A AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Premium Supply and demand
Question 1: Economics began as a field of study in 1776 with the publication of An Inquiry into the Wealth of Nations by __________. Type: Multiple Choice Points awarded: 1.00 / 1.00 Your answer(s): •Adam Smith Correct answer(s): Jean-Baptiste Say John Maynard Keynes Your Professor Adam Smith Question 2: According to Say’s Law: If production is created then there _______ be sufficient funds from this creation to purchase everything that is produced. Type: Multiple Choice Points awarded:
Premium John Maynard Keynes Keynesian economics Aggregate demand
Chapter 2 Overview of the Financial System 2.1 Multiple Choice Questions 1) Every financial market has the following characteristic: A) It determines the level of interest rates. B) It allows common stock to be traded. C) It allows loans to be made. D) It channels funds from lenders-savers to borrowers-spenders. Answer: D 2) Financial markets have the basic function of A) bringing together people with funds to lend and people who want to borrow funds. B) assuring that the swings in the business
Premium Bond Stock market Stock exchange
ceCOLLEGE OF CONTINUTING EDUCATION SCHOOL OF GENERAL STUDIES GES 104.1 HISTORY AND PHILOSPHY OF SCIENCE INSTRUCTION: ANSWER ALL QUESTIONS TIME:1HR PAPER 1 1. Air contain (a) 32% Oxygen (b) 31% oxygen (d) 16% Oxygen (e) 21% Oxygen 2. In 1803‚ the law of mass relationships was formulated by (a) F. Wohler (b) Albert Einst (c) None of the above 3. _______ is attributed with the synthesis of urea (a) Friedrich Wohler (b) Dmitri Mendeleev (c) Albert Einstein 4. ______ revived
Premium Culture Oxygen The Culture
MULTIPLE CHOICE 1. The owner’s equity in a business amounted to $56‚000 at the beginning of the year and $100‚000 at the end of the year. The owner had made no additional investments and had withdrawn $19‚000 during the year. The net income for the year amounted to a. $76‚000. b. $67‚000. c. $63‚000. d. $188‚000. ANS: C DIF: Medium OBJ: LO 6-1 MSC: AACSB Analytic 4. Changes in owner’s equity that result from investments or withdrawals of assets by the owner are included in the a. statement
Premium Revenue Income statement Generally Accepted Accounting Principles
smaller firms‚ then a. competition will force firms to attain economic profits rather than accounting profits. b. competition will force firms to produce surplus output‚ which drives up price. c. the average costs of production will increase. d. the average costs of production will decrease. ANSWER: c the average costs of production will increase. SECTION: 1 OBJECTIVE: 1 3. Sizable economic profits can persist over time under monopoly if the monopolist
Premium Monopoly Economics Marginal cost
1. Which of the following statements about heat is false? A) If heat flows into a system‚ the extra energy of the system appears in the form of internal energy. B) A hot object possesses more heat than a cold object. C) If the system and surroundings are in thermal equilibrium‚ there is no heat flow between them. D) A process in which heat flows out of a system is said to be exothermic. E) Heat is a form of energy flow. B is false. If you compare a cup of water at 25oC and a bath tub of
Premium Atom Electron configuration Electron
RESUME VINEET KUMAR P & T Colony‚ T-II-17‚ Goshala Road Mithanpura‚ Muzaffarpur Bihar- 842002 Contact No.: +919470264126 E-mail: vineet_muz@hotmail.com CAREER OBJECTIVE Seeking a position of Programmer/Developer in the field of IT where fresh talent will add value to operations and utilize my skills and abilities. PROFESSIONAL EDUCATION MCA (Pursuing) [2008-11] from L. N. Mishra College of Business Management‚ Muzaffarpur Condensed Diploma in Hardware & Networking from Govt. Polytechnic College
Premium Bihar Computer software Leadership
CHAPTER 1—NATURE AND SCOPE OF MANAGERIAL ECONOMICS MULTIPLE CHOICES 1. Business profit is: a. the residual of sales revenue minus the explicit accounting costs of doing business. b. a normal rate of return. c. economic profit. d. the return on stockholders’ equity. 2. To maximize value‚ management must: a. maximize short run revenue. b. minimize short run average profit. c. maximize long run profit. d. maximize short run profit. 3. Value maximization is broader than profit maximization because
Premium Microeconomics Economics Profit
individual differences in behavior. Multiple Choice | 1.00pts Your Score: Your Answer : neuroscience Correct Answer : neuroscience The Choices Were: neuroscience cognitive humanistic behavioral Psychologists who believe in _____ are most likely to attempt to understand diversity in ethnic background as an influence on behavior. Multiple Choice | 1.00pts Your Score: Your Answer : individual differences Correct Answer : individual differences The Choices Were: individual differences
Premium Psychology Sigmund Freud Carl Jung