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
_______ is needed to balancell the balance of payments statements?
3 / 50
Which of the following government policies would fail to lower the unemployment rate ?
4 / 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 ?
5 / 50
Rostow?s economics stages are ?
6 / 50
Deregulation is the reduction of government?s role in ?
7 / 50
The human infants first step in socialization is_________________?
8 / 50
If the international terms of trade settle at a level that is between each country?s opportunity cost ?
9 / 50
Which of the following is NOT an example of a subject investigated by social scientists ?
10 / 50
One of the predictions of the Heckscher-Ohlin model is that ?
11 / 50
The measured unemployment rate can be pushed below the natural rate, but ?
12 / 50
Collusion is difficult for an oligopoly to maintain ?
13 / 50
Some frictional Unemployment is inevitable because ?
14 / 50
If the investment demand curve is vertical ?
15 / 50
Anthropology is restricted to the study of_______________?
16 / 50
All of the following are criticisms leveled against marketing by critics EXCEPT ?
17 / 50
What kind of individual is valued in industrial and postindustrial societies ?
18 / 50
Which of the following is a possible government objective as opposed to a policy ?
19 / 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 ?
20 / 50
If Sweden?s currency depreciates relative to Norway?s currency ?
21 / 50
An export subsidy should have the opposite effect of ?
22 / 50
How much irrigation water shortage was witnessed last year ?
23 / 50
Ethnic groups are based on_________________?
24 / 50
Stratification systems tend to________________?
25 / 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 ?
26 / 50
A major criticism of Fred,s theory is__________________?
27 / 50
Types of survey data include_______________?
28 / 50
The opposite of a nuclear family is the______________?
29 / 50
The implementation of a common market involves all of the following except ?
30 / 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 ?
31 / 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)?
32 / 50
___________ have contractual authority to sell a manufacturer?s entire output?
33 / 50
The second major profession in Pakistan is ?
34 / 50
Power is exercised in________________?
35 / 50
Which statements is FALSE ?
36 / 50
The Marxian model of class structure divided the population into______________?
37 / 50
The maximin criterion suggested by Rawls?s theory of justice means that the government should aim to ?
38 / 50
Liberation theory is______________?
39 / 50
In the case of the male twin castrated during circumcision________________?
40 / 50
The price of burgers increase by 22% and the quantity of burgers demanded falls by 25% This indicates that demand for burgers is ?
41 / 50
Which of the following country was not a major LDC debtor in 2001 ?
42 / 50
A way of helping depressed regions by having wage subsidies lower business taxes and capital subsidies has been suggested as ?
43 / 50
Which country leads in production of barley among the following ?
44 / 50
In Pakistan the term the poverty trap is used to describe the fact that ?
45 / 50
Which of the following is an example of government policy that could reduce inflation ?
46 / 50
The amount that is paid for carriage of goods by chips, railways, airways etc is called ?
47 / 50
When the period of Kharif crop starts and when ends ?
48 / 50
The main reason that people hold money to buy things is referred to as the ?
49 / 50
How much of the total land of the world is occupied by North America ?
50 / 50
Buy national policies ?
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