Economics Quiz 12
1 / 50
Government?s use of coordinated policies to achieve national economic objectives is ?
2 / 50
Once a social scientist has formulated the hypothesis what is the next step of the scientific method ?
3 / 50
One classification of development levels used by the World Bank divides countries into three group on the basis of GNP per capita They are ?
4 / 50
Scientific observations are based on_________________?
5 / 50
If a tax on a good is doubled the deadweight loss from the tax ?
6 / 50
The power elite are drawn from among the_______________?
7 / 50
A situation in which oligopolists interacting with one another each choose their best strategy given the strategies that all the other oligopolists have chosen is known as a ?
8 / 50
The marginal tax rate is ?
9 / 50
Speculators in foreign exchange markets do all of the following except ?
10 / 50
A stock that sells at a high price because of public confidence in its long record of steady earnings is called ?
11 / 50
The price system is based on_______________?
12 / 50
Term the body of goods and monies from which future income can be derived ?
13 / 50
Which of the following could be considered critical s in development economics ?
14 / 50
On a graph, a positive linear relationship___________________?
15 / 50
Which of the following terms refers to income that is saved and not invested ?
16 / 50
A price floor ?
17 / 50
It has become conventional classify a recession as a period where national output falls for _________ or more?
18 / 50
A profit-maximizing firm will hire labour until _____ equals the _______?
19 / 50
If my neighbour burns garden waste causing my house to fill with smoke this is an example of ?
20 / 50
What is the total estimated forest area of Sindh ?
21 / 50
In most societies ownership of property takes one of three forms________________?
22 / 50
If a company?s objective were to reach masses of buyers that were geographically dispersed at a low cost per exposure the company would like choose which of the following promotion forms ?
23 / 50
In 2000, the Economist estimated that only _________ of some 360 million internet users were in Africa ?
24 / 50
The classic textbook model of democracy is referred to as the__________________?
25 / 50
When old rules and laws are ignored, and rebellious crowds set up new rules of behavior social scientists call this situation________________?
26 / 50
If a government uses barriers to foreign products such as biases against a foreign company?s bids or product standards that go against a foreign company?s product features the government is using ?
27 / 50
If you were running a firm in a perfectly competitive industry, you would be spending your time making decisions on ?
28 / 50
A symbiotic relationship exists between__________________?
29 / 50
The creation of culture unlike playwriting ?
30 / 50
Sector shifts tend to raise which type of unemployment ?
31 / 50
Which two countries have enjoyed a real per capita growth rate of more than 7% yearly since the 1960s ?
32 / 50
What was the top milk producing country ?
33 / 50
Which of the following could result in women being paid less than men ?
34 / 50
Name the organization in which people are associated together for a common purpose under a common name. This organization is recognized and created by law ?
35 / 50
Countervailing duties levied by the U.S government are imposed to offset ?
36 / 50
In autarky, the relative price of wine, in terms of beer, in country A is ?
37 / 50
sociocultural change means that______________?
38 / 50
Retirements negative effects are felt most strongly by_____________?
39 / 50
The average variable cost curve ?
40 / 50
Economic growth occurs because ?
41 / 50
The fundamental assumption of democratic socialism is that_______________?
42 / 50
Which crops are sown in Rabi season ?
43 / 50
The equilibrium level of aggregate output is determined in ?
44 / 50
In a production function Y = F(L, K,N,E,T) Y is ?
45 / 50
A member of a Navajo tribe can graze his sheep on clan land but he cannot sell it Navajo land is what kind of property ?
46 / 50
When imports from a higher-cost supplier within a customs union replace imports from a lower-cost supplier outside the custom union, there exists ?
47 / 50
Which is NOT a form of collective behavior ?
48 / 50
A movement along the supply curve may be caused by ?
49 / 50
What is called when government spending overwhelms government revenue resulting in government borrowing ?
50 / 50
The effect of inflation on the price competitiveness of a country?s products may be offset by ?
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