Q:

The word development in economics pertains to

A) democratic countries B) third world countries
C) advanced countries D) undeveloped countries
 
Answer & Explanation Answer: B) third world countries

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Q:

Blocking in experimental design is useful because it

A) keeps the experimenter from knowing which subjects are in the treatment group. B) prevents response bias from entering into the experiment.
C) gives the quarterback enough time to throw the ball. D) controls for multiple variables in an experiment.
 
Answer & Explanation Answer: D) controls for multiple variables in an experiment.

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Q:

Matter is classified as a

A) pure substance B) mixture
C) both 1 & 2 D) none of the above
 
Answer & Explanation Answer: C) both 1 & 2

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Q:

Which of the following forms a base pair with thymine?

A) Adenine B) Guanine 
C) Cytosine D) Thymine
 
Answer & Explanation Answer: A) Adenine

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Q:

An increase in expected future income will

A) Decrease aggregate demand and aggregate supply B) Increase aggregate demand and aggregate supply
C) Increase aggregate demand D) Increase aggregate supply
 
Answer & Explanation Answer: C) Increase aggregate demand

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Q:

As it relates to international trade, dumping

A) is the practice of selling goods in a foreign market at less than cost. B) is a form of price discrimination illegal under U.S. antitrust laws.
C) is defined as selling more goods than allowed by an import quota. D) constitutes a general case for permanent tariffs.
 
Answer & Explanation Answer: A) is the practice of selling goods in a foreign market at less than cost.

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Q:

Which bulb operates on lowest power?

A) Night bulb B) Torch bulb
C) Neon bulb D) GLS bulb
 
Answer & Explanation Answer: B) Torch bulb

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Q:

Which of the following best describes monetary policy?

A) Managing the economy by controlling the money supply B) Determining the design printed on the national currency
C) Regulating transactions in the currency exchange market D) Raising and lowering the foreign exchange rate
 
Answer & Explanation Answer: A) Managing the economy by controlling the money supply

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