SEASON'S GREETINGS :)
MERRY CHRISTMAS AND A VERY HAPPY NEW YEAR 2015 TO ONE AND ALL
BEST WISHES
PROF. KASHMIRA P. MODY
Sunday, 21 December 2014
21 DAY CHALLENGE - DAY 21
1. Identify the person in the photograph below.
2. Complete the sentence: The 2008 Nobel prize in Economic sciences was awarded to ________ for_____________.
3.
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2. Complete the sentence: The 2008 Nobel prize in Economic sciences was awarded to ________ for_____________.
3.
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If the price of beef
doubled and the price of poultry stayed the same, people would most likely
buy:
A. More poultry and less beef. B. Less poultry and more beef. C. The same amount of poultry and beef. D. Don't Know. |
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21 DAY CHALLENGE - DAY 20
1. Identify the person in the photograph below.
2. Complete the sentence: The 2014 Nobel prize in Economic sciences was awarded to ________ for_____________.
3. An increase from 5% to 8% in the interest rates charged by banks would most likely encourage:
A. Businesses to invest.
B. People to purchase housing.
C. People to save money.
D. Don't Know.
2. Complete the sentence: The 2014 Nobel prize in Economic sciences was awarded to ________ for_____________.
3. An increase from 5% to 8% in the interest rates charged by banks would most likely encourage:
A. Businesses to invest.
B. People to purchase housing.
C. People to save money.
D. Don't Know.
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Friday, 19 December 2014
21 DAY CHALLENGE - DAY 19
1. Identify the person in the photograph below.
2. Complete the sentence: The 1999 Nobel prize in Economic sciences was awarded to ________ for_____________.
3. When deciding which of the two items to purchase, one should always:
A. Choose the item that costs less.
B. Choose the item with the greatest benefits.
C. Choose an item after comparing the costs and benefits of both items.
D. Don't Know.
2. Complete the sentence: The 1999 Nobel prize in Economic sciences was awarded to ________ for_____________.
3. When deciding which of the two items to purchase, one should always:
A. Choose the item that costs less.
B. Choose the item with the greatest benefits.
C. Choose an item after comparing the costs and benefits of both items.
D. Don't Know.
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Thursday, 18 December 2014
21 DAY CHALLENGE - DAY 18
1. Identify this economist from the photograph below.
2. Complete the sentence: The 1987 Nobel prize in Economic sciences was awarded to ________ for_____________.
3. When governments supply products and services, these products and services usually benefit:
A. More than one person at a time whether they have paid for it or not.
B. Only the people who pay for these products and services.
C. Business at the expense of consumers.
D. Don't Know.
2. Complete the sentence: The 1987 Nobel prize in Economic sciences was awarded to ________ for_____________.
3. When governments supply products and services, these products and services usually benefit:
A. More than one person at a time whether they have paid for it or not.
B. Only the people who pay for these products and services.
C. Business at the expense of consumers.
D. Don't Know.
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Wednesday, 17 December 2014
21 DAY CHALLENGE - DAY 17
1. Identify this economist from the photograph below.
2. Complete the sentence: The 1970 Nobel prize in Economic sciences was awarded to ________ for_____________.
3. When the federal government's expenditures for a year are greater than its revenue for that year, the difference is known as:
A. The national debt.
B. A budget deficit.
C. A budget surplus.
D. Don't Know.
2. Complete the sentence: The 1970 Nobel prize in Economic sciences was awarded to ________ for_____________.
3. When the federal government's expenditures for a year are greater than its revenue for that year, the difference is known as:
A. The national debt.
B. A budget deficit.
C. A budget surplus.
D. Don't Know.
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Tuesday, 16 December 2014
21 DAY CHALLENGE - DAY 16
1. Identify this economist from the photograph below.
2. Complete the sentence: The 1976 Nobel prize in Economic sciences was awarded to ________ for_____________.
3. In which among the following international organizations, you can spot only those countries which have highest Human Development Index (HDI)?
2. Complete the sentence: The 1976 Nobel prize in Economic sciences was awarded to ________ for_____________.
3. In which among the following international organizations, you can spot only those countries which have highest Human Development Index (HDI)?
[A]G-8
[B]G-77
[C]OECD
[D]G-20
[B]G-77
[C]OECD
[D]G-20
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Monday, 15 December 2014
21 DAY CHALLENGE - DAY 15
1. Identify this economist from the photograph below.
2. Complete the sentence: The 1986 Nobel prize in Economic sciences was awarded to ________ for_____________.
3. Which among the following state / Union Territory of India has lowest population density as per the provisional data of Census 2011?
2. Complete the sentence: The 1986 Nobel prize in Economic sciences was awarded to ________ for_____________.
3. Which among the following state / Union Territory of India has lowest population density as per the provisional data of Census 2011?
[A]Sikkim
[B] Arunachal Pradesh
[C]Lakshadweep
[D]Andaman & Nicobar Islands
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[B] Arunachal Pradesh
[C]Lakshadweep
[D]Andaman & Nicobar Islands
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Sunday, 14 December 2014
21 DAY CHALLENGE - DAY 14
1. Who among the
following is the writer of the bestseller of last decade "The World Is
Flat: A Brief History of the Twenty-First Century"?
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A. Amartya Sen
B. Thomas Friedman
C. Eugene Robinson
D. Connie Schultz
2. Which among the
following is an international grouping of industrialised economies of the
world?
A. G-20
B. G-8
C. G-4
D. OECD
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Saturday, 13 December 2014
21 DAY CHALLENGE - DAY 13
1. The bowed shape of the production possibilities curve illustrates:
a. the law of increasing marginal cost
b. that production is inefficient
c. that production is unattainable
d. the demand is relatively inelastic
2. The demand for a product would be more inelastic:
a. the greater is the time under consideration
b. the greater is the number of substitutes available to buyers
c. the less expensive is the product in relation to incomes
d. all of the above
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a. the law of increasing marginal cost
b. that production is inefficient
c. that production is unattainable
d. the demand is relatively inelastic
2. The demand for a product would be more inelastic:
a. the greater is the time under consideration
b. the greater is the number of substitutes available to buyers
c. the less expensive is the product in relation to incomes
d. all of the above
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Friday, 12 December 2014
21 DAY CHALLENGE - DAY 12
1. Name the organization that publishes the World Investment Report annually.
2. What is the full form of the term NPA in the context of
banking?
Thursday, 11 December 2014
21 DAY CHALLENGE - DAY 11
|
1. If the real gross
domestic product of the United States has increased, but the production of
goods has remained the same, then the production of services has:
A. Increased. B. Decreased. C. Remained the same. D. Don't Know. |
2. Mexico grows fruits and vegetables and Argentina produces beef. If Mexico voluntarily trades fruits and vegetables in exchange for Argentinean beef,
A. Both Mexico and Argentina
benefit from the trade.
B. Both Mexico and Argentina lose from the trade.
C. Mexico benefits and Argentina loses from the trade.
D. Don't Know.
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B. Both Mexico and Argentina lose from the trade.
C. Mexico benefits and Argentina loses from the trade.
D. Don't Know.
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Wednesday, 10 December 2014
21 DAY CHALLENGE - DAY 10
1. Which of the following would be most likely to accelerate innovation in
the computer industry?
A. Placing a tax on all new inventions in he computer industry.
B. Increasing government regulation of the computer industry.
C. Investing in more research and development in the computer industry.
D. Don't Know.
2. What is the gilt edged market?
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A. Placing a tax on all new inventions in he computer industry.
B. Increasing government regulation of the computer industry.
C. Investing in more research and development in the computer industry.
D. Don't Know.
2. What is the gilt edged market?
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Tuesday, 9 December 2014
21 DAY CHALLLENGE - DAY 9
1. Which of the following are most likely to be helped by inflation?
A. People living on a fixed income.
B. Banks that loaned money at a fixed rate of interest.
C. People who borrowed money at a fixed rate of interest.
D. Don't Know.
2. Union Budget of India is presented by whom and in which house/ houses of the Parliament?
A. People living on a fixed income.
B. Banks that loaned money at a fixed rate of interest.
C. People who borrowed money at a fixed rate of interest.
D. Don't Know.
2. Union Budget of India is presented by whom and in which house/ houses of the Parliament?
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Monday, 8 December 2014
21 DAY CHALLENGE - DAY 8
Welcome to Week 2 - Two questions every day for a week :)
All the best
1. Which one of the following statements about the function of money is wrong?
A. Money makes it easier to save.
B. Money makes trading goods and services easier.
C. Money holds its value well in times of inflation.
D. Don't Know.
All the best
1. Which one of the following statements about the function of money is wrong?
A. Money makes it easier to save.
B. Money makes trading goods and services easier.
C. Money holds its value well in times of inflation.
D. Don't Know.
2. Who is the President of the European Central Bank?
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email your answers with the subject line 21 DAY CHALLENGE-DAY 8 TO profKMody@gmail.com
21 DAY CHALLENGE - DAY 7
The stock market is an example of an institution within our economy that
exists to help people achieve their economic goals. The existence of this
institution:
A. Results in an increase in the price of stocks. B. Brings people who want to buy stocks together with those who want to sell stocks. C. Helps predict stock earnings. D. Don't Know.
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Saturday, 6 December 2014
21 DAY CHALLENGE - DAY 6
If the United States
stopped importing automobiles from Country X, who would be most likely to
benefit?
A. Automobile manufacturers in Country X B. Consumers in the United States C. Automobile manufacturers in the United States D. Don't Know.
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|
Friday, 5 December 2014
21 DAY CHALLENGE-DAY 5
For most people, the largest portion of their personal income comes
from:
A. Wages and salaries from
their jobs.
B. Interest from stocks and bonds they own.
C. Rent paid to them from property they own.
D. Don't Know.
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B. Interest from stocks and bonds they own.
C. Rent paid to them from property they own.
D. Don't Know.
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Thursday, 4 December 2014
21 DAY CHALLENGE - DAY 4
A large increase in the number of fast-food restaurants in a community
is most likely to result in:
A. Lower prices and higher quality.
B. Lower prices and lower quality.
C. Higher prices and higher quality.
D. Don't Know
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A. Lower prices and higher quality.
B. Lower prices and lower quality.
C. Higher prices and higher quality.
D. Don't Know
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Wednesday, 3 December 2014
21 DAY CHALLENGE - DAY 3
Who wrote "An Inquiry into the Nature and Causes of the Wealth of Nations"?
A. David Ricardo
B. Jean-Baptiste Colbert
C. Adam Smith
D. Thomas Malthus
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A. David Ricardo
B. Jean-Baptiste Colbert
C. Adam Smith
D. Thomas Malthus
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Tuesday, 2 December 2014
21 DAY CHALLENGE - DAY 2
Why do
professional sports players generally earn more than farmers and steelworkers?
A. Team owners are monopolists.
B. Sports players are really entertainers rather
than producers.
C. There are fewer professional sports players than
farmers or steelworkers.
D. Good sports players are more scarce, given the
demand for their services.
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Monday, 1 December 2014
21 DAY CHALLENGE - DAY 1
What is
the most important task of all economies?
A. To balance imports and exports.
B. To balance the government's budget.
C. To make the best use of scarce resources.
D. To save money to reduce the national debt.
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WELCOME TO THE 21 DAY CHALLENGE
EACH DAY SIGN IN TO THE BLOG AND ATTEMPT THE QUESTION POSTED THERE.
EMAIL YOUR ANSWERS TO profKMody@gmail.com WITH YOUR NAMES AND ROLL NUMBERS. ALL THE BEST......:)
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Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2021 one half to David Card University of California, Berkeley, USA...
