1. The term “economy” comes from:

1. The term “economy” comes from:

· The Ancient Greek word.

o The Russian documents.

o The Mesopotamian books.

o Xenophon.

o Plato.

2. The general economic thoughts were put to "Oeconomicus" by:

o The Ancient Greek word.

o The Russian documents.

o The Mesopotamian books.

o Xenophon.

o Plato.

3. "Agriculture - mother and the wet nurse of all arts" according to:

o Al Farabi

o Plato.

o Xenophon

o Aristotle.

o David Hume.

4. An institute of the private property was defended by:

o Al Farabi

o Plato.

o Xenophon

o Aristotle.

o David Hume.

5. Use value and exchange value were offered by:

o Al Farabi

o Plato.

o Xenophon

o Aristotle.

o David Hume.

6. The scheme of communism is belonged to:

o Al Farabi

o Plato.

o Xenophon

o Aristotle.

o David Hume.

7. Analysis of labor division and token money’s role were done by:

o Al Farabi

o Plato.

o Xenophon

o Aristotle.

o David Hume.

8. An economic doctrine that flourished from the 16th to 18th century the core concept of which was that a nation's wealth depends on its accumulation of gold and silver is:

o Physiocrats

o The Marxist

o Neoclassical economics

o Mercantilism

o Classical economics

9. A group of economists who believed that the wealth of nations was derived solely from the value of land agriculture or land development is:

o Physiocrats

o The Marxist

o Neoclassical economics

o Mercantilism

o Classical economics

10. The ideal economy is a self-regulating market system that automatically satisfies the economic needs of the populace is an idea of:

o Marx

o Smith

o Ricardo

o Al Farabi

o David Hume

11. Human need is:

o a surplus of something necessary that becomes unaware for a man

o a shortage of something necessary that becomes distinct for a man

o a shortage of something necessary that becomes aware for a man

o a surplus of something necessary that becomes aware for a man

o a shortage of something necessary that becomes unaware for a man

12. Scarcity of resource is:

o situation when the supply of some good is more than the need in that good

o situation when the demand of some good is more than the need in that good

o situation when the demand of some good is less than the need in that good

o situation when the stock of some good is less than the need in that good

o situation when the demand of some good is less than the supply in that good

13. Which of the following resources has natural scarcity

o Labor

o Land

o Capital

o capital and labor

o land and labor

14. What are factors of production from the list below?

o Natural resources

o Physical and mental abilities of human used in production of goods and services

o Equipments, machines, raw materials

o Ability to risk, generate of new ideas and innovate

o All answers are true

15. Inter substitution of factors of production is explained by:

o Technological peculiarities of a product

o Scarcity of resources

o Needs

o Effective usage of resources

o All answers are false

16. Production is effective if there is:

o Full employment

o Full usage of resources

o Full usage of production resources

o No the law of diminishing returns

o Employment

17. A type of economy in which money is not used in the transfer of resources among people refers to:

o Natural economy

o Planned economy

o Transitional economy

o Command economy

o Market economy

18. A medium in which goods or services are directly exchanged for other goods and/or services without a common unit of exchange (without the use of money) is:

o Exchange

o Bartering

o Saving

o Consumption

o Production

19. An economy based on the division of labor in which the prices of goods and services are determined in a free price system set by supply and demand is:

o Natural economy

o Planned economy

o Transitional economy

o Command economy

o Market economy

20. Any one of a variety of different systems, institutions, procedures, social relations and infrastructures whereby persons trade, and goods and services are exchanged, forming part of the economy is:

o Exchange

o Bartering

o Saving

o Consumption

o Production

21. Markets where raw or primary products are exchanged are:

o Labor market

o Stock exchange

o Commodity market

o Market

o Financial market

22. An economic system in which the state or workers' councils manage the economy is:

o Natural economy

o Planned economy

o Transitional economy

o Command economy

o Market economy

23. Distinguish advantages of economic planning:

o Inefficient resource distribution surplus and shortage

o Cannot determine and prioritize social goods better than the market can

o Stability

o Meeting collective objectives by individual sacrifice

o Lack of incentive for innovation

24. Society ran from about 100,000 BC to 3,500 BC has name

o Slavery

o Land-duty

o Primitive

o Capitalist societies

o Socialist societies

25. Society dominated from about 3,500 BC to 400 has name:

o Slavery

o Land-duty

o Primitive

o Capitalist societies

o Socialist societies

26. The main type of society from about 400 to 1600 was:

o Slavery

o Land-duty

o Primitive

o Capitalist societies

o Socialist societies

27. Societies first emerged in the 1600s are:

o Slavery

o Land-duty

o Primitive

o Capitalist societies

o Socialist societies

28. Societies first emerged in 1917 are:

o Slavery

o Land-duty

o Primitive

o Capitalist societies

o Socialist societies

29. The hunter-gatherer stage, the stage of early settlement with the discovery of agriculture and more importantly the culture of the still widespread belief and fear of demons are:

o Slavery

o Land-duty

o Primitive

o Capitalist societies

o Socialist societies

30. A form of forced labor in which people are considered to be the property of others is:

o Slavery

o Land-duty

o Primitive

o Capitalist societies

o Socialist societies

31. A decentralized socio-political structure in which a weak monarchy attempts to control the lands of the realm through reciprocal agreements with regional leaders is:

o Slavery

o Land-duty

o Primitive

o Capitalist societies

o Socialist societies

32. Common or direct worker ownership and administration of the means of production and allocation of resources, and a society characterized by equal access to resources for all individuals with a method of compensation based on the amount of labor expenditure is:

o Slavery

o Land-duty

o Primitive

o Capitalist societies

o Socialist societies

33. A market structure in which a single firm makes up the entire market.

· monopoly

o free market

o monopolistic competition

o oligopoly

o monopsony

34. Patents, prevent others from entering the market are:

· Legal barriers

o Sociological barriers

o Natural barriers

o Technological barriers

o Economic barriers

35. Entry is prevented by custom or tradition is:

· Sociological barriers

o Natural barriers

o Technological barriers

o Legal barriers

o Economic barriers

36. The firm has a unique ability to produce what other firms can’t duplicate is:

· Natural barriers

o Technological barriers

o Legal barriers

o Economic barriers

o Sociological barriers

37. The size of the market can support only one firm is:

o Legal barriers

o Economic barriers

o Sociological barriers

o Natural barriers

· Technological barriers

38. Economies of scale is one way how to sustain:

· Monopoly

o free market

o monopolistic competition

o oligopoly

o monopsony

39. One firm can produce a desired output at a lower social cost than two or more firms— that is, there are economies of scale in social costs is:

· Natural monopoly

o free market

o monopolistic competition

o oligopoly

o monopsony

40. No competitors is advantage of:

· Monopoly

o free market

o monopolistic competition

o oligopoly

o monopsony

41. High prices / low output is disadvantage of:

· Monopoly

o free market

o monopolistic competition

o oligopoly

o monopsony

42. A branch of economics that deals with the performance, structure, and behavior of a national or regional economy as a whole is:

· Macroeconomics

o Microeconomics

o Mezoeconomics

o International economics

o Economics

43. The behavior and decision-making of entire economies is studied by:

· Macroeconomics

o Microeconomics

o Mezoeconomics

o International economics

o Economics

44. The market value of all final goods and services made within the borders of a nation in a year is:

· The gross domestic product (GDP)

o Gross income

o The gross national product

o The national product

o Net income

45. GDP = C + I + G + (X − M) is:

· Expenditure method

o income account

o Value added approach

o Production method

o Consumption method

46. The value of sales of goods - purchase of intermediate goods to produce the goods sold is:

o income account

· Value added approach

o Expenditure method

o Consumption method

o Distribution method

47. A person is available to work and seeking work but currently without work is:

· Unemployment

o Employment

o Employee

o Employer

o Labor force

48. Okun's law states that for:

· every 3% GDP falls relative to potential GDP, unemployment rises 1% (of the total workforce).

o every 4% GDP falls relative to potential GDP, unemployment rises 1% (of the total workforce).

o every 0,3% GDP falls relative to potential GDP, unemployment rises 1% (of the total workforce).

o every 0,4% GDP falls relative to potential GDP, unemployment rises 1% (of the total workforce).

o every 1% GDP falls relative to potential GDP, unemployment rises 3% (of the total workforce).

49. Ur=Uw/TLF is:

· The unemployment rate

o The inflation rate

o The employment rate

o GDP rate

o GDP per capita

50. A rise in the general level of prices of goods and services in an economy over a period of time is:

· The inflation rate

o The employment rate

o GDP rate

o GDP per capita

o The unemployment rate

51. The conservation of money is:

· Saving

o Consumption

o Distribution

o Production

o Exchange

52. GDP/population is:

· GDP per capita

o The employment rate

o GDP rate

o The inflation rate

o The unemployment rate

53. GDP2/GDP1 is:

o The employment rate

· GDP rate

o The inflation rate

o The unemployment rate

o GDP per capita

54. The total market value of all final goods and services produced within a country in one year in current prices is:

· Nominal GDP

o Real GDP

o GDP

o Current GDP

o GDP per capita

55. A measure of %-tage in the average price of products in GDP over a certain base year is:

· GDP deflator

o Real GDP

o GDP

o Current GDP

o GDP per capita

56. The total market value of all final goods and services produced within a country in one year in base prices is:

· Real GDP

o GDP

o Current GDP

o GDP per capita

o Nominal GDP

57. Stagflation is a problem of:

· Macroeconomics

o Microeconomics

o Mezoeconomics

o International economics

o Economics

58. Measures the average price paid for a market basket of goods and services by a typical consumer in comparison to the average paid for the same basket in an earlier base year is:

o GDP

· CPI

o The unemployment rate

o Labor productivity

o GNP

59. An increase in activity in an economy is:

· Economic growth

o Stagflation

o Economic development

o Stabilization

o Business cycle

60. Development economics theory is belonged to:

· Amartya Sen and Joseph Stiglitz

o Joseph Stiglitz

o Amartya Sen

o Solow-Swan

o Solow

61. Growth Model is belonged to:

o Joseph Stiglitz

o Amartya Sen

· Solow-Swan

o Amartya Sen and Joseph Stiglitz

o Solow

62. The influence of entrepreneurs on technological progress is belonged to:

o Joseph Stiglitz

o Amartya Sen

· Schumpeter

o Amartya Sen and Joseph Stiglitz

o Solow

63. The theory of "comparative advantage" is belonged to:

o Joseph Stiglitz

o Amartya Sen

· David Ricardo

o Amartya Sen and Joseph Stiglitz

o Solow

64. The foundation of the discipline of modern political economy is belonged to:

o Joseph Stiglitz

o Amartya Sen

· Adam Smith

o Amartya Sen and Joseph Stiglitz

o Solow

65. The act of being an entrepreneur, which is a French word meaning "one who undertakes an endeavor" is:

· Entrepreneurship

o Businessman

o Capital

o Labor force

o Land

66. Generate new ideas is belonged to:

· Entrepreneurship

o Businessman

o Capital

o Labor force

o Land

67. An economic application of inventions is:

· Innovation

o Invention

o Discovery

o Technological progress

o Scientific progress

68. 800-1300 AD is the time of:

· the medieval technological revolution

o the development of cities

o The major technological revolutions

o the age of exploration and the scientific revolution

o Mass production of metal goods

69. The Theory of Economic Development is belonged to:

o Joseph Stiglitz

o Amartya Sen

· Schumpeter

o Amartya Sen and Joseph Stiglitz

o Solow

70. Innovations is a source of:

· Economic growth

o Stagflation

o Economic development

o Stabilization

o Business cycle

71. A global index measuring the level of innovation of a country is:

· The Global Innovation Index

o GDP

o GNP

o Human development index

o Index of competitiveness

72. __________ran from about 100,000 BC to 3,500 BC:

· Primitive society

o Slavery

o Land-duty

o Capitalist

o Socialist

73. An economy which is changing from a centrally planned economy to a free market is:

· Transitional economy

o Knowledge economy

o Information economy

o Capitalist

o Socialist

74. A term that refers either to an economy of knowledge focused on the production and management of knowledge in the frame of economic constraints, or to a knowledge-based is:

o Information economy

o Capitalist

o Socialist

· Knowledge economy

o Transitional economy

75. In the 1990s how knowledge can drive economic growth and transformation is shown by:

· Finland

o The U.S.

o Kazakhstan

o Russia

o France

76. A process by which regional economies, societies, and cultures have become integrated through a globe-spanning network of communication and trade is:

· Globalization

o Cultural globalization

o Economic globalization

o Integration

o Economic integration

77. Any physical or intangible entity that is owned by a person or jointly by a group of persons is:

· Property

o Thing

o Good

o Private property

o Public property

78. Tangible and intangible things which individuals or firms owners have exclusive and absolute legal rights to transfer with the owner's consent is:

o Thing

o Good

· Private property

o Public property

o property

79. assets owned by a state, community or government rather than by individuals or a business entity is:

o Thing

o Good

o Private property

· Public property

o property

80. The cost expressed in terms of the next best alternative sacrificed is:

· Opportunity Cost

o Total cost

o Fixed cost

o Variable cost

o Average cost

81. FC+VC=

· Total cost

o Fixed cost

o Variable cost

o Average cost

o Opportunity cost

82. TC/TP=

o Fixed cost

o Variable cost

· Average cost

o Opportunity cost

o Total cost

83. Cost does not depend on output is:

· Fixed cost

o Variable cost

o Average cost

o Opportunity cost

o Total cost

84. Cost is vary with output vary is:

· Variable cost

o Average cost

o Opportunity cost

o Total cost

o Fixed cost

85. _________ looks at interactions through individual markets, given scarcity and government regulation:

· Microeconomics

o Mezoeconomics

o International economics

o Economics

o Macroeconomics

86. ___________looks at interactions through companies of one industry:

· Mezoeconomics

o International economics

o Economics

o Macroeconomics

o Microeconomics

87. __________studies determinants of goods-and-services flows across international boundaries:

· International trade

o Economics

o Macroeconomics

o Microeconomics

o International economics

88. Economic relations between agents of economic system is:

· Subject of economic theory study

o Object of economic theory study

o Method of economic theory study

o Purpose of economic theory study

o Objectives of economic theory study

89. Economic system is:

· Object of economic theory study

o Method of economic theory study

o Purpose of economic theory study

o Objectives of economic theory study

o Subject of economic theory study

90. The social science that studies the production, distribution, and consumption of goods and services is:

· Economics

o International economics

o Mezoeconomics

o Macroeconomics

o Microeconomics

91. "The science which studies human behaviour as a relationship between ends and scarce means which have alternative uses” is said by:

o Joseph Stiglitz

o Amartya Sen

o Amartya Sen and Joseph Stiglitz

o Solow

· Lionel Robbins

92. To explain how economies work and how economic agents interact is:

· Aim of economics

o Objectives of economics

o Subject of economics

o Method of economics

o Methodology of economics

93. ___________is applied throughout society, in business, finance and government, but also in crime, education,the family, health, law, politics, religion,social institutions, war, and science:

· Economics analysis

o Financial analysis

o Accounting

o Business analysis

o Marginal analysis

94. A type of economy in which money is not used in the transfer of resources among people is:

· Natural economy

o Market economy

o Planned economy

o Social –oriented economy

o Mixed economy

95. A medium in which goods or services are directly exchanged for other goods and/or services without a common unit of exchange (without the use of money) is:

· Bartering

o Marketing

o Money exchange

o Monetary exchange

o exchange

96. _________is an economy based on the division of labor in which the prices of goods and services are determined in a free price system set by supply and demand:

· Market economy

o Planned economy

o Social –oriented economy

o Mixed economy

o Natural economy

97. Any one of a variety of different systems, institutions, procedures, social relations and infrastructures whereby persons trade, and goods and services are exchanged, forming part of the economy is:

· Market

o Government

o Household

o Business

o Enterprise

98. The name for the global market for lending and borrowing is:

o Currency market

o Stock market

o Bond markets

o Labor market

· Money market

99. __________ function through the interaction of workers and employers:

o Currency market

o Stock market

o Bond markets

· Labor market

o Money market

100. Markets where raw or primary products are exchanged are:

o Currency market

o Stock market

o Bond markets

· Commodity market

o Money market

101. An economic system in which the state or workers' councils manage the economy is:

o Market economy

· Planned economy

o Social –oriented economy

o Mixed economy

o Natural economy

102. A few firms in the market, a result of two sorts of barriers to entry: economies of scale, government may limit number of firms in the market is:

· Oligopoly

o Monopoly

o Free market

o Perfect competition

o Monopolistic competition

103. A mechanism that allows people to easily buy and sell (trade) financial securities is:

· Financial market

o Consumer market

o Service market

o Money market

o Bond market

104. Where currency trading takes place is:

· Foreign exchange market

o Consumer market

o Service market

o Money market

o Bond market

105. Value which can bring additional value is:

· Capital

o Labor

o Land

o Entrepreneurship

o Property

106. Law of Surplus value is introduced by:

· Max

o Keynes

o Smith

o Ricardo

o Stigliz

107. Economic relations between employers and emploees-exploatation is reflected by:

· Capital

o Labor

o Land

o Entrepreneurship

o Property

108. Capital is money, money is a universal good of the business world is understanding of:

· The U.S. economists

o Nowadays economists

o Max

o Keynes

o Smith

109. In order to be a medium of exchange, money must hold its value over time; that is, it must be:

· a store of value

o a unit of account

o a medium of exchange

o an exchange

o a trade

110. To facilitate transactions money serves as:

o a store of value

o a unit of account

· a medium of exchange

o an exchange

o a trade

111. To provide a common measure of the value of goods and services being money serves as:

o a store of value

· a unit of account

o a medium of exchange

o an exchange

o a trade

112. Exports= 27849.0, imports= 17352.2, then FTT =:

· 45201,2

o 45102,1

o 45222,1

o 45122,1

o 45122,2

113. Exports= 27849.0, imports= 17352.2, then NE=

· 10496,8

o 45102,1

o 14906,8

o 19406,8

o 10198,6

114. TC=30, VC=0, then FC=:

· 30

o 0

o 33

o 60

o 57

115. TC=300, TP=2 then AC =:

· 150

o 600

o 298

o 302

o 151

116. Employed population=7631,1 and Unemployed population = 597,2 then labor force =:

· 8228,3

o 8338,2

o 2828,3

o 8283,2

o 8382,3

117. Unemployed population = 597,2, labor force =8228,3 then unemployment rate =:

· 7,26

o 7,25

o 6,27

o 6,72

o 6,7

118. Production of goods = $25 666 and Production of services= 34 444 then GDP =:

· 60110

o 61100

o 60000

o 61000

o 60010

119. Company extracts 1 100 000 ton per year, Price per 1 kg of raw material is 70 rubles, revenue=:

o 7700000000

o 770000000

· 77000000000

o 77000000

o 7700000000000

120. ________ tax rate amounts to 20%, both for resident legal entities and non-resident legal entities operating in Kazakhstan through a registered permanent establishment:

· Corporate tax

o Value added tax

o Social tax

o Excise tax

o Income tax

121. Brain drain is:

· Human capital flight

o capital flight

o working capital flight

o fixed capital flight

o financial capital flight

122. An organization of agricultural production in which the holdings of several farmers are run as a joint enterprise is:

o Property

· Collective farming

o Thing

o Good

o Private property

Дата добавления: 2015-11-04