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Information about the summer examinations for the economics module at the national university of ireland, galway in 2009/2010. The exam includes three hours duration, and students are required to answer both section a and section b. Section a includes three questions, each worth 10 points. Section b is based on macroeconomics 2010 commerce. The document also includes instructions, requirements, and contact information for the course coordinators. The exam codes include 1bc2, 1bc3, 1bc4, 1bc5, 1bf1, and 1fm1.
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Ollscoil na hÉireann, Gaillimh _GX______ National University of Ireland, Galway Summer Examinations, 2009/ Exam Code(s) 1BC2, 1BC3, 1BC4, 1BC5, 1BF1, 1FM Exam(s) 1 st^ Comm. (French), 1st^ Comm. (German), 1 st^ Comm. (Spanish), 1 st Comm. (Italian), 1 st B.Sc. (BIS), 1 st B.Sc. (Fin. Maths. & Ec) Module Code(s) EC Module(s) Economics Paper No. 1 Repeat Paper External Examiner(s) Professor Robert Wright; Professor Cillian Ryan Internal Examiner(s) Professor John McHale Professor Michael Keane Professor Terrence McDonough Instructions: (^) Please follow instructions carefully. Please answer both Section A ( 3 0 marks) in your answer book, and Section B (40 marks) on MCQ answer sheet. Duration 3 hrs. No. of Answer books 1 Course Coordinators Department(s) M. Keane & T. McDonough Economics Requirements : Handout MCQ Yes Statistical Tables Graph Paper Log Graph Paper Other Material
SECTION A : Answer any three questions. Each question is worth 10 points
SECTION B: Macroeconomics 2010 Commerce
The standard of living of the working class is the a. depreciation. b. necessary product. c. surplus product. d. GDP.
Wage labour characterizes a. communism. b. slavery. c. feudalism. d. capitalism.
If we take wage goods out of the net domestic product (NDP), what’s left is a. depreciation. b. profits. c. wage bads. d. gross domestic product.
In the circular flow households supply what to firms? a. factors of production b. factor incomes c. goods and services d. imports and exports
What circulated in the Phillips machine? a. income b. goods and services c. oil d. water
Transfers is an injection which compensates for a. savings. b. direct taxes. c. exports. d. imports.
The speculator searches for opportunities to a. realize a large income stream. b. invest for the long term. c. buy low and sell high. d. improve business management.
Which of the following is not tracked in the current account balance? a. merchandise trade b. patents and copyrights c. services d. current transfers 3 8. IMF structural adjustment programmes include all of these except a. removal of trade restrictions. b. allowing wages to rise c. restricting the growth of the money supply. d.privatizing state industry
Ecological economics argues that between capital forms there is a. limited substitutability. b. perfect substitutability. c. a simple system of property rights. d. an equality of well-being outcomes.
Potential contradictions within global neoliberalism included all of the following except a. insufficient aggregate demand b. rising unit labour costs c. financial and monetary fragility d. environmental crises