Model Exam II

1.
[MICROECONOMICS I QUESTIONS] - The income elasticity of demand for neccessity good is

A.Negative
B.Positive
C.Between 0 and 1
D.B and C
Question ID:2504 and answer is D
2.Which of the following is true about the effect of change in price on inferior good?
A.Substitution effect is negative
B.Total effect is positive
C.Income effect is positive
D.All
Question ID:2990 and answer is B
3.When a product is sold to different consumer groups, it is

A.First Degree Price Discrimination
B.Second degree Price Discrimination
C.Third Degree Price Discrimination
D.A and C
Question ID:2993 and answer is C
4.One is false about long run equilibrium of a firm in a perfectly competitive market?
A.Short run marginal cost equals long run marginal cost
B.Price equals long run average cost
C.Marginal revenue equals short run marginal cost
D.None
5.Suppose a firm can produce the same commodity using two methods. Accordingly, it takes 2 units of
labor and 4 birr under method A whereas it takes 1 unit of labor and 4 birr under method B. Then, which
of the following is correct?
A.Both method A and Method B are considered to be technically efficient.
B.Method B is considered to be technically efficient than method A.
C.Method A is considered to be technically efficient than method B.
D.Neither Method A nor Method B are considered to be technically efficient
6.Which one of the following statement is true?
A.Risk averse consumer prefers a certain income to a risky income with the same expected value
B.A risk loving consumer always accepts a fair gamble to certain outcome
C. Risk averse consumer has a convex utility curve
D.Risk averse consumer prefers a risky income to a certain income with the same expected value.
Question ID:3009 and answer is A

7.A consumer buys only bread and sugar. In spending all his income, his marginal utility of pieces of
bread is 12 and his marginal utility of a kilo of sugar is 15. The price of bread is $8 per unit and the price
of sugar is $11 per kilo. For maximum satisfaction, this consumer should;
A.Buy the same quantity of bread and sugar.
B.By less bread and more sugar.
C.Buy more bread and the same quantity of sugar.
D.Buy more bread and less sugar.
8.At minimum level of average variable cost, one of the following is false?
A.It is equal to marginal cost
B.Marginal product is equal to average product
C.Marginal product is rising
D.Marginal cost is raising
9.M[MICROECONOMICS II QUESTIONS] - In an oligopoly market, if there are 4 firms in the industry

and if the market demand is 60. Then, the total industry output will be ________
A.15
B.60
C.4/5
D.48
10.The equilibrium level of employment of labor under perfectly competitive market when labor is the
only variable input is determined at:
A.Marginal physical product of labor equals wage rage
B.Marginal Revenue product of labor equals wage rage
C.Volume of marginal physical product of labor equals wage rage
D. B and C
11.Which of the following is false about Edgeworth contract curve of a general equilibrium exchange
efficiency?
A.It is obtained by connecting tangency points of isoquant
B.Every point along it is Pareto efficient
C.It is by connecting tangency points of indifference curve
D.None

12.The First Fundamental Theorem of Welfare Economics asserts that:
A.welfare is maximized when social indifference curves are tangent to the Production possibility frontier.
B.All competitive market equilibria are Pareto efficien
C.welfare payments are a more efficient manner of redistributing income than trade on Pareto manifolds
D.any Pareto efficient allocation may be obtained as a competitive equilibrium
13.Which of the following market types has a large number of firms that sell similar but slightly different
products?
A.perfect competition
B.monopoly
C.monopolistic competition
D.Oligopoly
14.A situation in which occurs when a person/firm is involved in a transaction without having full
information is
A.adverse-selection problem
B.free-rider problem
C.moral hazard problem
D.negative externality problem
15.The exploitation of labor is minimal when a firm;

A.has monopoly power
B.has monopsony power
C.is regulated by the government
D.has stiff competition in both the output and the labor market
16.[Development Planning and Project Analysis II Questions]. In which stage of project life cycle
decision has made to accept or reject for the project?
A.Preparation
B.Appraisal
C.Implementation
D.Evaluation
17.Which one of the following is the cause for overestimation of financial cash flow of a project?
A.Omission of implicit costs
B.Ignorance of intangible benefit
C.Reduce salvage value of machine
D.All the above
18. Which one of the following is false about ARR of project profitability measure?
A.It consider time value of money
B.It fails to consider cash flow
C.It consider depreciation
D.It measure profitability
19.Which one of the following is true about characteristics of economic analysis as compare to financial
analysis?
A.Include transfer payment in cash flow
B.Exclude intangible benefit and cost from calculation of NPV& BCR
C.Project input and output valued by market price
D.Inclusion of unpriced inputs
20.Market price can’t express economic worth of a project because:

A.Existence consumer and producer surplus
B.Government intervention in the labor market
C.The existence of Imperfect knowledge
D.All the above
21.Which one of the following is not the purpose of monitoring and evaluation (M&E)?
A.Build individualism
B.Encourage anti-monopoly
C.Develop policy
D.Enhance accountability
22.Which one of the following is false about external monitoring and evaluation?
A.M&E is conducted by out of the member team
B.Finding & recommendation are reported by project management
C.Finding &recommendation are documented in review
D.Assess the effectiveness of internal M&E
23.Which levels of monitoring and evaluations are concerned about the objectives of project
A.Output
B.Activity
C.Impact
D.Input
24.[MACROECONOMICS I QUESTIONS]. Which of the following is not part of personal consumption

expenditure?
A.spending on clothes
B.construction of a new house
C.spending on cloths
D.spending on food items
25.In the IS-LM model, an increase in tax will,

A.decrease output and increase interest rate
B.decrease both output and interest rate
C.increase both output and interest rate
D.increase output and decrease interest rate
26.A decrease in interest rate will result an increase in investment and, hence, an increase in output. This
notion helps to derive,
A.The Liquidity preference
B.The LM curve
C.The Keynesian cross
D.The IS curve
27.The principal difference between Classical/Neoclassical school and Keynesian school is that,
A. Classical/Neoclassical economics believes on full employment, but Keynesian does not
B.Keynesian economics emphasizes on role of effective aggregate demand in determining output of a
nation, while Classical/Neoclassical emphasize on supply side factors
C.Keynesian economics believes on active role of government, but classical/Neoclassical does not
D.All of the above
28.The Marshal-Lerner condition states that for a devaluation to be successful, the sum of elasticity of
import and elasticity to export should be;
A.one
B.less than one
C.Greater than one
D.greater than zero
29. What policy shifts the IS or LM curve and what effect it produces, according to IS–LM model
A.Expansionary fiscal policies—shift the LM curve—raise interest rate and national income
B.Expansionary monetary policy—shift LM curve—reduce interest rate but raise national income
C.Expansionary fiscal policies—shift the IS curve—decrease interest rate but raise nationalincome
D.Contractionary monetary policy—shift the IS curve—decrease interest rate and national income
30.[MACROECONOMICS II QUESTIONS] The Golden Rule of capital accumulation maximizes the

steady-state level of:
A.Output per worker
B.Consumption per worker.
C.Capital per worker.
D.Investment per worker.
31.The critical macroeconomic policy implication of a vertical long-run Phillips Curve is that...
A.inflation is everywhere and always a monetary phenomenon
B.money illusion is the source of the unemployment in the long-run
C.big inflations will be stopped by big recession
D.Demand policies cannot move the actual unemployment rate permanently away from its equilibrium
level.
32.The Solow residual:

A.is the difference between the rate of growth of output and the rate of growth of inputs.
B.is the difference between the rate of growth of output and the rate of growth of savings.
C.is the difference between the rate of growth of productivity and the rate of growth of inputs.
D.is the difference between the golden rule level of consumption and the steady state level of
consumption.
33.Economic policymakers find supply-side policies attractive because

A.supply-side policies eliminate dead-weight loss from taxation
B.supply-side policies will reduce output gaps by increasing total factor productivity.
C.supply-side policies do not imply a short-run trade-off between unemployment and inflation.
D.supply-side policies help to shift the Beveridge curve away from the origin.
34. Which is not an open market operation?

A.Central banks conduct auctions of reserves as repurchase agreements
B.Purchasing and selling foreign exchange.
C.Purchasing or selling government securities
D.Provision of loans by commercial banks
35. The quantity theory of money is expressed by the identity equestion

A.Money+Velocity=Price+Output
B.Money*Velocity=Price*Output
C.Money/Velocity=Price*Output
D.Money+Velocity=Price
36.[DEVELOPMENT ECONOMICS I QUESTIONS] - Which one of the following statements is

correct?
A.Economic growth is necessary and sufficient to eradicate absolute poverty.
B.Economic growth is possible without development.
C.Income level or GDP is criticized as an indicator of development mainly because of it takes in to
account income distribution.
D.Development is possible but not sustainable without growth.
37.Which of the following is not atypical feature of LDCs?

A. Migration from urban to rural
B.High population growth rate
C.High dependency on primary products
D.A relatively large agriculture sector

38.The Solow growth model predicts that:
A.Rich nations will grow faster than poor nations
B.The rich will get poorer and poor will get richer
C.The rich will get richer and the poor will get poorer
D.Poor nations will grow faster than rich nations
39.Which one is true about income inequality?

A.When the value of Gini coefficient is approaches to 1, it is high in poverty
B.When the value of Gini coefficient is approaches to 1, it is high in income inequality
C.When the value of Gini coefficient is approaches to 0, it is high in poverty
D.When the value of Gini coefficient is approaches to 0, it is high in income inequality
40.One is not true about consequences of income inequality?

A.Inequalitgy creates inefficient
B.Inequality in development strategy is fair
C.Inequality destroy social capital
D.All
41.At which stage of Rostow’s growth model is overcoming the problem and forward linkage to the
industry?
A.Stage of Drives to maturity
B.Take-off stage
C.Stage of traditional society
D.The stage of mass consumption
42.Which one is not the measuring of income inequality?

A.Head count
B.Coefficient of variation
C.Gini coefficient
D.Lorenz curve
43.[DEVELOPMENT ECONOMICS II QUESTIONS] - One of the following is not true about Harris-
Todaro Migration Model?
A. Migration is a rational economic decision
B.The probability of obtaining urban job is inversely related to the urban unemployment rate
C.The assumption of full or near full employment is not realistic in the context of most developing
nations
D. Migration decision depends on actual wage differentials
44.Which one of the following is not the importance of urban informal sectors?
A.It provides access to training and apprenticeships at substantially lower costs.
B.It is more likely to adopt appropriate technologies and allows an inefficient allocation of resources
C.It generates demand for unskilled and semiskilled labor whose supply is increasing and unlikely to be
absorbed by the formal sector
D.Promotion of informal sector ensures an increased distribution of the benefits of development
45.The following are characteristics of informal sectors except:

A.Uses of labor intensive and simple technology
B.Low worker productivity
C.Lack access to financial capita
D.Workers have job security, decent working condition and old age pensions
46.Compared to the developed countries, the LDCs have

A.Higher birth rates and higher death rates
B.Higher birth rates and lower death rates
C.Lower birth rates and lower death rates
D.Lower birth rates and higher death rates
47.Children have costs and benefits to parents in developing countries, and

A.Fathers and mothers share these equally
B.There is a trade-off to parents between quantity and quality of children
C.The impact on family income is always negative, so children can be viewed as consumer durables
D.The income elasticity of demand for children is strongly negative
48.Which one of the following statements is correct?

A.An increase in females’ wages will increase fertility.
B.Demand for children and child labor are directly related in LDCs
C.Demand for education is highly determined by actual earnings
D.Marginal social benefit (MSB)of education outweighs marginal social costs(MSC) as education ladder
increases
49.All are reasons that closing educational gender gap by expanding educational opportunities for women
is economically desirable except:
A. Educational discrimination hinders economic development in addition to reinforcing inequality
B.Any significant improvement in the role and status of women through education can have an important
impact on breaking the vicious circle of poverty
C.Increasing women’s education increases productivity, labor force participation and fertility
D.The rate of return on women’s education is higher than men’s education in most developing countries
50.[INTERNATIONAL ECONOMICS I QUESTIONS ] Which one of the following is the best argument
for free trade policy?
A.Efficient resource utilization.
B.To protect infant industry.
C.To secure national interest.
D.To maintain balance of payment surplus.
51.Which one of the following is false about international economic?

A.International economics deals about the base for and the gain for trade
B.International finance focused on understanding of market operation by using macroeconomics concepts
C.In case of international (external) trade, the movement of factors, finance and good and service are
purely free.
D.International trade understand the market operation by using supply- demand interaction
52.Which one of the following is an immediate cause of base for international trade?
A.Difference in factor endowment
B.difference in specialization
C.Difference in price of good and service
D.difference in technological advancement
53.Which one of the following true about gains from trade?

A.Dynamic gain from trade can be achieved with a point of time.
B.Dynamic gain from trade can be measured with increments in welfare or utility.
C.Static gain from trade can measured with economic development.
D.static gain from trade increase efficient production
54.Which one of the following is false about mercantilist trade theory?

A.Both trading nation are benefited from international trade.
B.The wealth and prosperity of a nation is measured with accumulation of precious metal.
C.Government has all the power to decide in all economic activities.
D.The government tries to stop import by levied high tariff and quota.
55. According to the factor endowment trade theory, which one of the following is false?
A.The nations export is definitely based on the factor abundance.
B.In any case, outputs are produced with increasing return to scale.
C.There is balanced trade between the nations.
D.the price of factors are determined by the market force
56.Which one of the following is true about the contribution of trade for development except?
A.Transmission of knowledge and technology
B.Stimulate economies of scales
C.Over utilization of domestic resource
D.Stimulation of domestic demand
57.__________ is a forms of economic integration that Eliminates trade barriers between member
countries, and adopts a common external trade policy
A.free trade area
B.custom union
C.economic union
D.common market
58.[INTERNATIONS ECONOMICS II QUESTIONS] Which of the following is true about exchange

rate?
A.Under the Flexible Exchange Rate System a fall in the market price of a currency is depreciation of that
currency.
B.Under the fixed Exchange Rate System a fall in the market price of a currency is called a depreciation
of that currency.
C.Under the Flexible Exchange Rate System a fall in the market price of a currency is called a
devaluation of that currency.
D.Under the fixed Exchange Rate System A rise in the market price of a currency is called an
appreciation of that currency
59.Suppose that the price of a car is $5500 in U.S. and birr 302, 500 in Ethiopia. Which of the following
is true about absolute purchasing-power parity theory?
A.The equilibrium exchange rate between $/birr =5500
B.The equilibrium exchange rate between $/birr =55
C.The equilibrium exchange rate between Birr/$ =302,500
D.The equilibrium exchange rate between birr/$ =55
60.Which of the following is false?

A.When an Ethiopian resident sells a foreign stock, Ethiopia assets abroad decrease.
B.the import of goods and services, unilateral transfers to foreigners, and financial outflows are credit
C.The purchase of a U.K. treasury bill by a U.S. resident increases U.S. assets abroad and is a debit
because it involves a payment to foreigners.
D.the export of goods and services, the receipt of unilateral transfers, and financial inflows are credits
61.During the problems of inflation which Expenditure-Changing policy will applied.

A.Reductions of tax
B.Reductions of government expenditure
C.Reductions of interest rate
D.Reductions of the values of domestic currency in terms of foreign currency.
62.Which of the following policy tools shifts the direction of demand between domestic output and
imports?
A.Revaluation
B.Increase in government expenditure
C.Devaluation
D.Reductions of money supply

63.Which of the following is the advantages of the International Monetary System
A.Liquidity
B.Confidence
C.Larger Gains
D.Elasticity
64.Given a system of floating exchange rates, falling income in would trigger a (an):
A.decrease in the demand for imports and a decrease in the demand for foreign currency
B. increase in the demand for imports and an increase in the demand for foreign currency
C.decrease in the demand for imports and an increase in the demand for foreign currency
D.increase in the demand for imports and a decrease in the demand for foreign currency
65.If a nation has an open economy it means that the nation

A.Allows private ownership of capital
B.Has flexible exchange rates
C.Conducts trade with other countries
D.Has fixed exchange rates
66.[MONETARY ECONOMICS QUESTIONS] - The evolution of the payments system from barter to
precious metals, then to fiat money, then to checks can best be understood as a consequence of
A.Government regulations designed to improve the efficiency of the payments system
B.Innovations that reduced the costs of exchanging goods and services
C.Government regulations designed to promote the safety of the payments system
D.Competition among firms to make it easier for customers to purchase their products
67.Money as a store of value

A.Reduces the number of prices that need to be calculated.
B.Allows you to transfer value or wealth in to the future
C.Promotes economic efficiency by minimizing the time spent in exchanging goods and services
D.Links the present values with those of the future.
68.Which of the following policy actions by a central bank is likely to increase the money supply?
A.Increasing reserve requirements
B.Buying government bonds in open market operations
C.Increasing the refinancing rate.
D.All of these will increase the money supply.
69.Which of the following is not a function of money?

A.hedge against inflation
B.unit of account
C.medium of exchange
D.store of value
70.Which of the following statements about money is not true

A.A debit card is not really money because it is only a means of transferring money between accounts.
B.Wealth held in the current account you hold with your bank is almost as convenient for buying things
as wealth held in your wallet, so the wealth in current accounts should be included in measures of money
C.All the wealth that people hold, in whatever form, should be considered as money.
D.In a complex economy it is not easy to draw a clear dividing line between assets that should be
considered as money and those that should not
71.Money overcomes the problem of a double coincidence of wants inherent in the barter system through
its function as
A.medium of exchange
B.standard of deferred payment
C.unit of account
D.standard of deferred payment
72.The three main tools of monetary policy are

A.Fiat, commodity, and deposit money
B.The money supply, government purchases, and taxation
C.Open-market operations, reserve requirements, and the refinancing rate
D.government expenditures, taxation, and reserve requirements
73.Which one of the following statements is incorrect?

A.As interest rates increase, bond prices decrease
B.There is a positive relationship between interest rates and bond prices
C.As interest rates decrease, bond prices increase
D.If interest rates are high, the quantity of money demanded will tend to be low
74.[MATHEMATICAL ECONOMICS QUESTIONS] - The demand equations for a certain product say
x is P=6-(1/2)X. At what level of output does revenue reaches maximum?
A.12
B.9
C.15
D.6
75.If the value of the Jacobian determinant = 0, the equations are

A.functionally dependent
B.linearly independent
C.functionally independent
D.linearly unrelated
76.A positive definite Hessian fulfills the second-order conditions for

A.maximum
B.inflection point
C.minimum
D.Saddle point
77.Given the demand function for the first good as: Q1 = 100 – P1 + 0.75P2 – 0.25P3 + 0.0075Y and P1
= 10, P2 = 20, P3 = 40 and Y = 10,000, what is the cross elasticity between good one and good two?
A.0.088
B.0.052
C.0.059
D.0.042
78.The analytical tools underlying nearly all microeconomic studies are:

A.Unconstrained optimization and comparative statics
B.Constrained optimization, equilibrium analysis, and comparative statics
C.Comparative statics and game theory
D.Opportunity cost and equilibrium analysis


81.[ECONOMETRICS I QUESTIONS] - The t-statistic is calculated by dividing;

A.the estimator by its standard error
B.the estimator minus its hypothesized value by the standard error of the estimator
C.the estimator by the standard error of the explanatory variable
D.the predicted value by the actual value
82.When you have an omitted variable problem, the assumption that E(ui,xi) = 0 is violated. This implies
that,
A.The sum of the residuals is no longer zero
B.The OLS estimator is no longer consistent
C.The variance of the estimator is no longer constant
D.The correlation between explanatory variables is no longer zero
83.The interpretation of the slope coefficient in the model ln(Yi)=B0+B1 ln(X1) +ui is as follows
A.A 1% change in X is associated with a β1 % change in Y
B.A change in X by one unit is associated with a 100 β1 % change in Y
C.A change in X by one unit is associated with a β1 change in Y
D.A 1% change in X is associated with a change in Y of 0.01 β1
84.The main benefit of using multiple regression over simple regression is

A.Multiple estimates provide less coefficient of determination
B.Multiple estimates usually have a lower variance than simple estimates
C.Multiple estimates are less susceptible to bias than simple estimates
D.Both A and B
85.The appropriate estimation method to follow under heteroscedasticity is

A.Any non-linear estimation method
B.Restricted least-squares
C.Generalized least squares
D.Weighted least-squares
86.Suppose estimation of women labor force participation in terms of monthly hours worked (Hours) as a
function of daily wage rate (Wage), spouse income (spouse), and number of sibling (sibling) gives the
following result. Sample size is 600 and the standard errors are 16.00, 0.20, 0.10 and 4.00 respectively.
Hours=80+0.6Wage-0.25Spouse-6Sibling Which variable does not affect participation?
A.Wage
B.Sibling
C.Spouse income
D.None of the above
87.Given an estimated model Hours=80+0.6*Wage-0.25*SpouseIncome-6*Sibling, if wage rate is 300,

spouse income is 400 and number of sibling is 2, what will be the estimated hours worked?
A.148
B.68
C.208
D.188
88.Autocorrelation may occur due to

A.Inertia
B.Effect of Cobweb Phenomenon
C.Effect of Lagged Relationship
D.All

89.[ECONOMETTRICS II QUESTIONS] - In incorporating a dummy variable with m categories, we
have to omit one category to avoid,
A.Multicollinearity problem
B.Specification error
C.Statistical insignificance
D.Omitted variable bias
90.When the linear combination of two non-stationary variables becomes stationary, this is known as
A.Integrated stochastic process
B.Augmented Dickey Fuller
C.Cointegration
D.Engle-Granger
91.Which of the following false for binary choice models?

A.They are specified if and only if the dependent variable is dummy
B.R-square is not used as a measure of goodness of fit
C.They both give probabilities
D.The coefficient of the logit/probit shows the change in the probability when the independent variables
change by 1
92.If OLS is applied separately to each equation that is part of a simultaneous system, the resulting
estimates will be
A.Unbiased and consistent
B.Biased and inconsistent
C.Biased but consistent
D.it is impossible to apply OLS to equations that are part of a simultaneous system
93.The Error Correction Mechanism (ECM);

A.is used to analyze the short-run equilibrium of time series model
B.is used to check the existence of cointegration of time series model
C.is used to analyze the long run-run equilibrium of time series model
D.is used to make a unit root test

94.In Ethiopia it is common that July and August are the rainy months. However, occasionally rainfall
comes on the other months such as February, May, etc. In the theory of time series, this refers to;
A.Cyclical Variation
B.Irregular Variation
C.Trend component
D.Seasonal Variation
95.Why do we need time series to be stationary

A.The model will not be able to faithfully reflect the underlying patterns in the data
B.To get statistically significant result
C.To avoid spurious regression problem
D.A and C
96.We specify a dummy variable for all of the following, except

A.Nominal scale variable
B.Ratio scale variable
C.Ordinal scale variable
D.Interval scale variable
97.A panel date consists of,

A.Data containing skewed variable distributions
B.Data containing units measured at different time points
C.Data where each unit is measured at more than one time point
D.Data measured at one point in time
98.Over identified equations can be estimated using

A.Single Instrumental variable
B.OLS
C.Two-stages least squares
D.Indirect least squares
99.Which one of the following is incorrect? Money serves as:

A.a means of payment.
B.a factor of production
C.a medium of exchange
D.a unit of account
100.Finally, the department of economics would like to emphasize that

A.The purpose of this model question is only to make you familiar on how to take online exams.
B.You need also check your time utilization.
C.Passing, or failing these questions has no difference.
D.Take note of the above three issues

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1.

[MICROECONOMICS I QUESTIONS] - The income elasticity of demand for neccessity good is

3.When a product is sold to different consumer groups, it is

Question ID:2993 and answer is C

Question ID:2998 and answer is D

Question ID:3009 and answer is A

Question ID:3014 and answer is D

Question ID:3018 and answer is C

9.M[MICROECONOMICS II QUESTIONS] - In an oligopoly market, if there are 4 firms in the industry

Question ID:3064 and answer is D

Question ID:3069 and answer is A

Question ID:3072 and answer is B

Question ID:3079 and answer is C

Question ID:3097 and answer is A

15.The exploitation of labor is minimal when a firm;

Question ID:3101 and answer is D

Question ID:3107 and answer is B

Question ID:3126 and answer is A

Question ID:3129 and answer is C

Question ID:3133 and answer is D

20.Market price can’t express economic worth of a project because:

Question ID:3136 and answer is D

Question ID:3140 and answer is A

Question ID:3143 and answer is B

Question ID:3147 and answer is C

24.[MACROECONOMICS I QUESTIONS]. Which of the following is not part of personal consumption

Question ID:3151 and answer is B

25.In the IS-LM model, an increase in tax will,

Question ID:3153 and answer is A

Question ID:3155 and answer is D

Question ID:3163 and answer is C

Question ID:3167 and answer is B

30.[MACROECONOMICS II QUESTIONS] The Golden Rule of capital accumulation maximizes the

Question ID:3501 and answer is B

Question ID:3503 and answer is D

32.The Solow residual:

33.Economic policymakers find supply-side policies attractive because

Question ID:3509 and answer is C

34. Which is not an open market operation?

Question ID:3512 and answer is D

35. The quantity theory of money is expressed by the identity equestion

Question ID:3517 and answer is B

36.[DEVELOPMENT ECONOMICS I QUESTIONS] - Which one of the following statements is

Question ID:3521 and answer is B

37.Which of the following is not atypical feature of LDCs?

Question ID:3523 and answer is A

Question ID:3527 and answer is D

39.Which one is true about income inequality?

Question ID:3530 and answer is B

40.One is not true about consequences of income inequality?

Question ID:3532 and answer is B

Question ID:3534 and answer is A

42.Which one is not the measuring of income inequality?

Question ID:3536 and answer is A

Question ID:3540 and answer is D

Question ID:3542 and answer is B

45.The following are characteristics of informal sectors except:

Question ID:3545 and answer is D

46.Compared to the developed countries, the LDCs have

Question ID:3547 and answer is A

47.Children have costs and benefits to parents in developing countries, and

Question ID:3550 and answer is B

48.Which one of the following statements is correct?

87.Given an estimated model Hours=80+0.6Wage-0.25SpouseIncome-6*Sibling, if wage rate is 300,