1. The general economic thoughts were put to "Oeconomicus" by:

1. The general economic thoughts were put to "Oeconomicus" by:

2. "Agriculture - mother and the wet nurse of all arts" according to:

3. An institute of the private property was defended by:

4. Use value and exchange value were offered by:

5. The scheme of communism is belonged to:

6. Analysis of labor division and token money’s role were done by:

7. An economic doctrine that flourished from the 16th to 18th century the core concept of which was that a nation's wealth depends on its accumulation of gold and silver is:

8. A group of economists who believed that the wealth of nations was 1. The general economic thoughts were put to "Oeconomicus" by: derived solely from the value of land agriculture or land development is:

9. The ideal economy is a self-regulating market system that automatically satisfies the economic needs of the populace is an idea of:

10. Human need is:something that is necessary for organisms to live a healthy life.

11.Scarcity of resource is: situation when the stock of some good is less than the need in that good

11. Which of the following resources has natural scarcity -Land

12. What are factors of production from the list below? All answers are true

13. Inter substitution of factors of production is explained by: Technological peculiarities of a product

14. Production is 1. The general economic thoughts were put to "Oeconomicus" by: effective if there is: Full usage of resources

15. A type of economy in which money is not used in the transfer of resources among people refers to:

16. A medium in which goods or services are directly exchanged for other goods and/or services without a common unit of exchange (without the use of money) is:

17. An economy based on the division of labor in which the prices of goods and services are determined in a free price system set by supply and demand is: Market economy

18. Any one of a variety of different systems, institutions, procedures, social relations and infrastructures whereby 1. The general economic thoughts were put to "Oeconomicus" by: persons trade, and goods and services are exchanged, forming part of the economy is: Exchange

19. Markets where raw or primary products are exchanged are: Commodity market

20. An economic system in which the state or workers' councils manage the economy is: Command economy

21. Distinguish advantages of economic planning: Stability

22. Society ran from about 100,000 BC to 3,500 BC has name -Primitive

23. Society dominated from about 3,500 BC to 400 has name: Slavery

24. The main type of society from about 400 to 1600 was: Land-duty

Societies first emerged in the 1600s are: Capitalist societies

25. Societies first emerged in 1917 are: Socialist societies

The hunter-gatherer stage, the stage of early settlement with the discovery of 1. The general economic thoughts were put to "Oeconomicus" by: agriculture and more importantly the culture of the still widespread belief and fear of demons are: Primitive

26. A form of forced labor in which people are considered to be the property of others is: Slavery

27. A decentralized socio-political structure in which a weak monarchy attempts to control the lands of the realm through reciprocal agreements with regional leaders is: Land-duty

28. Common or direct worker ownership and administration of the means of production and allocation of resources, and a society characterized by equal access to resources for all individuals with a method of compensation based on the amount of labor 1. The general economic thoughts were put to "Oeconomicus" by: expenditure is: Socialist societies

29. A market structure in which a single firm makes up the entire market. monopoly

30. Patents, prevent others from entering the market are: Legal barriers

31. Entry is prevented by custom or tradition is: Sociological barriers

32. The firm has a unique ability to produce what other firms can’t duplicate is- Natural barriers

The size of the market can support only one firm is: Technological barriers

33. Economies of scale is one way how to sustain: Monopoly

34. One firm can produce a desired output at a lower social cost than two or more firms— that is, there are economies of scale in social costs is-Natural monopoly

35. No 1. The general economic thoughts were put to "Oeconomicus" by: competitors is advantage of: Monopoly

36. High prices / low output is disadvantage of: Monopoly

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37. A branch of economics that deals with the performance, structure, and behavior of a national or regional economy as a whole is: Macroeconomics



38. The behavior and decision-making of entire economies is studied by: Macroeconomics

39. The market value of all final goods and services made within the borders of a nation in a year is: The gross domestic product (GDP)

40. GDP = C + I + G + (X − M) is: Expenditure method

41. The value of sales of goods - purchase of intermediate goods to produce the goods sold is: Value added approach

42. A person is available 1. The general economic thoughts were put to "Oeconomicus" by: to work and seeking work but currently without work is: Unemployment

43. Okun's law states that for: every 3% GDP falls relative to potential GDP, unemployment rises 1% (of the total workforce).

44. Ur=Uw/TLF is: The unemployment rate

45. A rise in the general level of prices of goods and services in an economy over a period of time is: The inflation rate

46. The conservation of money is: Saving

47. GDP/population is: GDP per capita

GDP2/GDP1 is: GDP rate

48. The total market value of all final goods and services produced within a country in one year in current prices is: Nominal GDP

49. A measure of 1. The general economic thoughts were put to "Oeconomicus" by: %-tage in the average price of products in GDP over a certain base year is: GDP deflator

50. The total market value of all final goods and services produced within a country in one year in base prices is: Real GDP

51. Stagflation is a problem of:

52. Measures the average price paid for a market basket of goods and services by a typical consumer in comparison to the average paid for the same basket in an earlier base year is: CPI

53. An increase in activity in an economy is:

54. Development economics theory is belonged to: Amartya Sen and Joseph Stiglitz

55. Growth Model is belonged to: Solow-Swan

56. The 1. The general economic thoughts were put to "Oeconomicus" by: influence of entrepreneurs on technological progress is belonged to:

Joseph Stiglitz

Amartya Sen

Schumpeter

Amartya Sen and Joseph Stiglitz

Solow

57. The theory of "comparative advantage" is belonged to:

Joseph Stiglitz

Amartya Sen

David Ricardo

Amartya Sen and Joseph Stiglitz

Solow

58. The foundation of the discipline of modern political economy is belonged to:

Joseph Stiglitz

Amartya Sen

Adam Smith

Amartya Sen and Joseph Stiglitz

Solow

59. The act of being an entrepreneur, which is a French word meaning "one who undertakes an endeavor" is:

Entrepreneurship

Businessman

Capital

Labor force

Land

60. Generate new ideas is belonged to:

61. An economic application of inventions is:

62. 800-1300 AD is the time of: the medieval technological revolution

63. The Theory of Economic Development is belonged to:

Joseph Stiglitz

Amartya Sen

Schumpeter

Amartya Sen 1. The general economic thoughts were put to "Oeconomicus" by: and Joseph Stiglitz

Solow

64. Innovations is a source of:

65. A global index measuring the level of innovation of a country is:

The Global Innovation Index

GDP

GNP

Human development index

Index of competitiveness

66. __________ran from about 100,000 BC to 3,500 BC:

Primitive society

Slavery

Land-duty

Capitalist

Socialist

67. An economy which is changing from a centrally planned economy to a free market is:

Transitional economy

Knowledge economy

Information economy

Capitalist

Socialist

68. A term that refers either to an economy of knowledge focused on the production and management of knowledge in the frame of economic constraints, or to a knowledge-based is :

Information economy

Capitalist

Socialist

Knowledge economy

Transitional economy

69. In the 1990s how knowledge can drive economic growth and transformation is shown by 1. The general economic thoughts were put to "Oeconomicus" by::

Finland

The U.S.

Kazakhstan

Russia

France

70. A process by which regional economies, societies, and cultures have become integrated through a globe-spanning network of communication and trade is:

Globalization

Cultural globalization

Economic globalization

Integration

Economic integration

71. Any physical or intangible entity that is owned by a person or jointly by a group of persons is:

72. Tangible and intangible things which individuals or firms owners have exclusive and absolute legal rights to transfer with the owner's consent is:

73. assets owned by a state, community or government rather than by individuals or a business entity is:

74. The cost expressed in terms of the next best alternative sacrificed 1. The general economic thoughts were put to "Oeconomicus" by: is:Opportunity Cost

75. FC+VC=

76. TC/TP=

77. Cost does not depend on output is:

78. Cost is vary with output vary is:

79. _________ looks at interactions through individual markets, given scarcity and government regulation :

80. ___________looks at interactions through companies of one industry:

81. __________studies determinants of goods-and-services flows across international boundaries:

82. Economic relations between agents of economic system is:

Subject of economic theory study

Object of economic theory study

83. Economic system is:

Object of economic theory study

Subject of economic theory study

84. The social science that studies the production, distribution, and consumption of goods and services is:

85."The science which studies human behaviour as a 1. The general economic thoughts were put to "Oeconomicus" by: relationship between ends and scarce means which have alternative uses” is said by:

Joseph Stiglitz

Amartya Sen

Amartya Sen and Joseph Stiglitz

Solow

Lionel Robbins

85. To explain how economies work and how economic agents interact is:Aim of economics

86. ___________is applied throughout society, in business, finance and government, but also in crime, education,the family, health, law, politics, religion,social institutions, war, and science: Economics analysis

87. A type of economy in which money is not used in the transfer of resources among people is:

88. A medium in which goods or services are directly exchanged for other goods and/or services without a common unit 1. The general economic thoughts were put to "Oeconomicus" by: of exchange (without the use of money) is:

89. _________is an economy based on the division of labor in which the prices of goods and services are determined in a free price system set by supply and demand:

Market economy

90. Any one of a variety of different systems, institutions, procedures, social relations and infrastructures whereby persons trade, and goods and services are exchanged, forming part of the economy is:

Market

91. The name for the global market for lending and borrowing is:

Money market

92. __________ function through the interaction of workers and employers:

93. Markets where raw or primary products are exchanged are:

Commodity market

94. An economic system in which 1. The general economic thoughts were put to "Oeconomicus" by: the state or workers' councils manage the economy is:

Planned economy

95. A few firms in the market, a result of two sorts of barriers to entry: economies of scale, government may limit number of firms in the market is:

Oligopoly

96. A mechanism that allows people to easily buy and sell (trade) financial securities is:

97. Where currency trading takes place is:

98. Value which can bring additional value is:

99. Law of Surplus value is introduced by:

100. Economic relations between employers and emploees-exploatation is reflected by:

101. Capital is money, money is a universal good of the business world is understanding of 1. The general economic thoughts were put to "Oeconomicus" by::

102. In order to be a medium of exchange, money must hold its value over time; that is, it must be:a store of value

103. To facilitate transactions money serves as:a medium of exchange

104. To provide a common measure of the value of goods and services being money serves as:a unit of account

105. Exports= 27849.0 , imports= 17352.2, then FTT = :

106. Exports= 27849.0 , imports= 17352.2, then NE=

107. TC=30, VC=0, then FC= :

108. TC=300, TP=2 then AC =:

109. Employed population=7631,1 and Unemployed population = 597,2 then labor force =:

110. Unemployed population = 597,2, labor force =8228,3 then unemployment rate =:

111. Production of goods = $25 666 and Production of services= 34 444 then GDP =:

112. Company extracts 1 100 000 ton per year, Price per 1. The general economic thoughts were put to "Oeconomicus" by: 1 kg of raw material is 70 rubles, revenue=:

113. ________ tax rate amounts to 20%, both for resident legal entities and non-resident legal entities operating in Kazakhstan through a registered permanent establishment :

114. Brain drain is:

115. An organization of agricultural production in which the holdings of several farmers are run as a joint enterprise is:

116. The relationship between tax rates and tax revenue depicts

Laffer curve

117. accumulation of investments in people, such as education and on-the-job training is

118. measure of how much the quantity demanded of a good responds to a change in the price of that good is

Elasticity

119. Measure of how much buyers and sellers respond 1. The general economic thoughts were put to "Oeconomicus" by: to changes in market conditions is

Elasticity

120. Market value of the inputs a firm uses in production is

Total Cost

121. economic goal of the firm is

122. Market where currency trading takes place is

foreign exchange market

123. market with a very large number of firms, each of which produces the same standardized product and takes the market price as given

Monopolistic Competition

124. There are just a few firms in the market, a result of two sorts of barriers to entry

Oligopoly

125. single firm serves the entire market

126. Many firms, each sells a differentiated product

127. Capital is money; money is a universal good of the business world is a definition

128. step in the scientific 1. The general economic thoughts were put to "Oeconomicus" by: method that helps people decide between two or more competing explanations – or hypotheses

Experiments

129. simplified framework designed to illustrate complex processes, often but not always using mathematical techniques

Materialistic dialectics

130. every economic order grows to a state of maximum efficiency, while at the same time developing internal contradictions or weaknesses that contribute to its reasoning is

Formal logics

131. The formal systematic study of the principles of valid inference and correct reasoning is

Economic models

132. give knowledge and to provide comprehensive coverage of the key elements of economic theory as a scientific discipline

Purpose and Objectives

133. Economic system is

134. Economic relations between economic entities and agents

135. Methodology of economic theory study involves

136. Economic 1. The general economic thoughts were put to "Oeconomicus" by: model commonly used to illustrate basic economic concepts, including full employment, unemployment, opportunity cost, economic growth, and investment is

the production possibilities curve

137. Efficiency describes how well a system generates desired output with a given set of inputs and available technology

Economic efficiency

138. Welfares which available in the limited size are

The economic welfares

139. An increase in activity in an economy is

140. Economic growth is often measured as the rate of change of

141. Effectiveness of production activity on methods, rules and laws of rational usage of resources to create and distribute welfares is

Economics of enterprise

142. economic doctrine that flourished from the 16th to 18th century the core concept of 1. The general economic thoughts were put to "Oeconomicus" by: which was that a nation's wealth depends on its accumulation of gold and silver was

143. group of economists who believed that the wealth of nations was derived solely from the value of land agriculture or land development was

144. Classical political economy was development first of all by Scottish scholar

145. The Wealth of Nations was written in

146. ideal economy is a self-regulating market system that automatically satisfies the economic needs of the populace is a

147. body of theory later termed 'neoclassical economics' or 'marginalism' formed from about

1870 to 1910

148. The book about happiness achievement » is written by

149. The term “economy” comes from:

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