Practice Quiz

CLEP Principles of Management Exam Prep - Question List

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46. Which broad monetary category would solely liquid forms of money fit into?
  1. Narrow money
  2. Broad money
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47. Why does specialization lead to increased output of products?
  1. People have the opportunity to try many different jobs
  2. People have the opportunity to become increasingly better (and faster) at one particular job
  3. People always enjoy their individual jobs.
  4. People receive highly specialized training by experts
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48. Which of the following terms refers to a special tax that is imposed on goods imported from other countries?
  1. Embargo
  2. Import quotas
  3. Fixed exchange
  4. Tariff
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49. What is the effect of tariffs on the import of goods?
  1. Reduces quantity of imports
  2. Increase quantity of imports from poor countries
  3. Increase quantity of imports from rich countries
  4. Has no effect on the quantity of imports
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50. What will an increase in the money supply typically do?
  1. Increase the interest rate
  2. Decrease the interest rate
  3. Increase aggregate demand
  4. Both B and C
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