Q:

Which hormone is released from the testes?

A) Insulin	B) Testosterone
C) Thyroxin	D) Estrogen

Answer & Explanation Answer: B) Testosterone

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Q:

Which of the following is a good source of Vitamin A?

A) Cabbage	B) Carrot
C) Regular Potato	D) Strawberry

Answer & Explanation Answer: B) Carrot

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Q:

The relation between the consumer’s optimal choice of the quantity of a good and its price is very important and this relation is called the ________ function.

A) Price	B) Substitution
C) Supply	D) Demand

Answer & Explanation Answer: D) Demand

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Q:

Full employment is the level at which there is _____.

A) no frictional unemployment	B) no cyclical unemployment
C) no structural unemployment	D) no unemployment

Answer & Explanation Answer: B) no cyclical unemployment

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Q:

The goal of expansionary fiscal policy is to increase

A) Unemployment	B) The price level
C) Aggregate supply	D) Real GDP

Answer & Explanation Answer: D) Real GDP

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Q:

Which of following is true if the Government monetized part of its deficit?

A) Money supply in the economy will increase.	B) Interest rate will increase.
C) Government revenue will decrease.	D) Government expenditure will increase.

Answer & Explanation Answer: A) Money supply in the economy will increase.

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Q:

Insure payment of minimum wages for tea leave pickers

A) will improve quality of tea.	B) will reduce unemployment of tea leave pickers.
C) decreases unemployment.	D) will increase picking cost for all tea companies.

Answer & Explanation Answer: D) will increase picking cost for all tea companies.

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Q:

What temperature does bacteria grow quickest at

A) 40°F and 140°F	B) 14°C and 90°C
C) 80°F and 140°F	D) None

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