Economics Quiz 14
1 / 50
Suppose a frost destroys much of the Florida orange crop. At the same time, suppose consumer tastes shift toward orange juice, What would we expect to happen to the equilibrium price and quantity in the market for orange juice ?
2 / 50
One of the predictions of the Heckscher-Ohlin model is that ?
3 / 50
When Coca-Cota and Nestle formed joint venture to market a ready to drink coffee and tea worldwide the type of marketing system that was formed would best be described as being a(n)?
4 / 50
Buy national policies ?
5 / 50
The maximin criterion suggested by Rawls?s theory of justice means that the government should aim to ?
6 / 50
Anthropology is restricted to the study of_______________?
7 / 50
Power is exercised in________________?
8 / 50
In Pakistan the term the poverty trap is used to describe the fact that ?
9 / 50
Which statements is FALSE ?
10 / 50
If the international terms of trade settle at a level that is between each country?s opportunity cost ?
11 / 50
The Marxian model of class structure divided the population into______________?
12 / 50
The price of burgers increase by 22% and the quantity of burgers demanded falls by 25% This indicates that demand for burgers is ?
13 / 50
The whole class of goods that will be under produced or not produced at all in a completely unregulated market economy are referred to as ?
14 / 50
The amount that is paid for carriage of goods by chips, railways, airways etc is called ?
15 / 50
one of the tenets of the classical view of the labor market is that the wage adjustments that are necessary to clear the labor market occur ?
16 / 50
Which of the following government policies would fail to lower the unemployment rate ?
17 / 50
All of the following are criticisms leveled against marketing by critics EXCEPT ?
18 / 50
Which of the following is a possible government objective as opposed to a policy ?
19 / 50
The main reason that people hold money to buy things is referred to as the ?
20 / 50
When the period of Kharif crop starts and when ends ?
21 / 50
An export subsidy should have the opposite effect of ?
22 / 50
What kind of individual is valued in industrial and postindustrial societies ?
23 / 50
Which of the following is NOT an example of a subject investigated by social scientists ?
24 / 50
Types of survey data include_______________?
25 / 50
Ethnic groups are based on_________________?
26 / 50
If the investment demand curve is vertical ?
27 / 50
Stratification systems tend to________________?
28 / 50
The measured unemployment rate can be pushed below the natural rate, but ?
29 / 50
___________ have contractual authority to sell a manufacturer?s entire output?
30 / 50
The human infants first step in socialization is_________________?
31 / 50
_______ is needed to balancell the balance of payments statements?
32 / 50
The opposite of a nuclear family is the______________?
33 / 50
Liberation theory is______________?
34 / 50
How much of the total land of the world is occupied by North America ?
35 / 50
How much irrigation water shortage was witnessed last year ?
36 / 50
The second major profession in Pakistan is ?
37 / 50
Which of the following is an example of government policy that could reduce inflation ?
38 / 50
The implementation of a common market involves all of the following except ?
39 / 50
A major criticism of Fred,s theory is__________________?
40 / 50
Which of the following country was not a major LDC debtor in 2001 ?
41 / 50
Which factor of production in the United States is most likely to be made worse off (its factor payment will decrease) because of the North American Free Trade Agreement ?
42 / 50
Collusion is difficult for an oligopoly to maintain ?
43 / 50
In the case of the male twin castrated during circumcision________________?
44 / 50
Some frictional Unemployment is inevitable because ?
45 / 50
Rostow?s economics stages are ?
46 / 50
A very rapid growth in prices in which money loses its value to the point where even barter may be preferable is known as ?
47 / 50
A way of helping depressed regions by having wage subsidies lower business taxes and capital subsidies has been suggested as ?
48 / 50
Deregulation is the reduction of government?s role in ?
49 / 50
Which country leads in production of barley among the following ?
50 / 50
If Sweden?s currency depreciates relative to Norway?s currency ?
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