Practice Questions

Question 291


Arrange these in terms of barrier to entry
A) Perfect competition.
B) Monopoly.
C) Oligopoly.
D) Monopolistic competition.

Answer


Question 292


The employee demanded pay parity __ their counterparts in the central government

Answer


Question 293


What does the production possibility frontier represent?

Answer


Question 294


What is Gross Domestic Product (GDP) used to measure?

Answer


Question 295


What is the purpose of monetary policy?

Answer


Question 296


Which of the following is a tool of fiscal policy?

Answer


Question 297


What does the unemployment rate measure?

Answer


Question 298


What does the Consumer Price Index (CPI) measure?

Answer


Question 299


Which of the following represents a trade surplus?

Answer


Question 300


What is the Phillips Curve used to illustrate?

Answer


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