Question
1- All of the following are part of the Big-5 EU except ___________. The European Advising Board Council of European Union The European Council The
1- All of the following are part of the Big-5 EU except ___________.
The European Advising Board
Council of European Union
The European Council
The European Commission
2- Which of the following is not a common performance criterion?
economic growth
efficiency
stability
income distribution
all are common performance criteria
3- (True) or (False)? The codecision procedure involves a democratic, one-step process.
Group of answer choices
(True)
(False)
4- (True) or (False)? The tension between the "vanguard" members, who wish to broaden the scope of EU activities, and the "doubters," who do not, did not lead to a new type of integration processes.
Group of answer choices
(True)
(False)
5- The economies of scale basis concept relies on ________.
distributing the fixed costs over larger quantity.
distributing the variable costs over larger quantity.
creating more output per unit of input.
creating more profits and reducing costs.
6- The modern approach to defining economic systems ________.
is based on the "isms" of capitalism and socialism
emphasizes resource allocation arrangements over incentive systems
defines economic systems according to several characteristics
recognizes that defining economic systems is impossible
none of the above
7- (True) or (False)? Parliamentary reform affects national power distributions.
Group of answer choices
(True)
(False)
8- What does "consumer sovereignty" mean?
Central planning is absent,
Consumers elect public officials.
Consumers make the basic decisions on what is to be produced.
Advertising does not affect consumers,
None of the above.
9- Which of the following is not a characteristic of market socialism?
centralized decision making
market allocation
state or collective ownership
combination of moral and economic incentives
none of the above are characteristics of market socialism
10- Based on the Maddison data, the average per capita income since the 1820 has increased _____, and the world real output has increased __________.
five-fold, forty-fold
forty-fold, five-fold
eight-fold, forty-fold
forty-fold, eight-fold
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