Economics Quiz 14
1 / 50
_______ is needed to balancell the balance of payments statements?
2 / 50
The maximin criterion suggested by Rawls?s theory of justice means that the government should aim to ?
3 / 50
Rostow?s economics stages are ?
4 / 50
Which statements is FALSE ?
5 / 50
How much of the total land of the world is occupied by North America ?
6 / 50
The price of burgers increase by 22% and the quantity of burgers demanded falls by 25% This indicates that demand for burgers is ?
7 / 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)?
8 / 50
Stratification systems tend to________________?
9 / 50
Anthropology is restricted to the study of_______________?
10 / 50
Some frictional Unemployment is inevitable because ?
11 / 50
The implementation of a common market involves all of the following except ?
12 / 50
The amount that is paid for carriage of goods by chips, railways, airways etc is called ?
13 / 50
If the international terms of trade settle at a level that is between each country?s opportunity cost ?
14 / 50
An export subsidy should have the opposite effect of ?
15 / 50
Which of the following country was not a major LDC debtor in 2001 ?
16 / 50
The Marxian model of class structure divided the population into______________?
17 / 50
Liberation theory is______________?
18 / 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 ?
19 / 50
___________ have contractual authority to sell a manufacturer?s entire output?
20 / 50
Types of survey data include_______________?
21 / 50
The measured unemployment rate can be pushed below the natural rate, but ?
22 / 50
Buy national policies ?
23 / 50
If the investment demand curve is vertical ?
24 / 50
One of the predictions of the Heckscher-Ohlin model is that ?
25 / 50
In Pakistan the term the poverty trap is used to describe the fact that ?
26 / 50
Which of the following is NOT an example of a subject investigated by social scientists ?
27 / 50
What kind of individual is valued in industrial and postindustrial societies ?
28 / 50
A way of helping depressed regions by having wage subsidies lower business taxes and capital subsidies has been suggested as ?
29 / 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 ?
30 / 50
Ethnic groups are based on_________________?
31 / 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 ?
32 / 50
The second major profession in Pakistan is ?
33 / 50
All of the following are criticisms leveled against marketing by critics EXCEPT ?
34 / 50
The opposite of a nuclear family is the______________?
35 / 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 ?
36 / 50
If Sweden?s currency depreciates relative to Norway?s currency ?
37 / 50
Which of the following government policies would fail to lower the unemployment rate ?
38 / 50
Which country leads in production of barley among the following ?
39 / 50
Which of the following is a possible government objective as opposed to a policy ?
40 / 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 ?
41 / 50
The main reason that people hold money to buy things is referred to as the ?
42 / 50
Which of the following is an example of government policy that could reduce inflation ?
43 / 50
Power is exercised in________________?
44 / 50
The human infants first step in socialization is_________________?
45 / 50
Collusion is difficult for an oligopoly to maintain ?
46 / 50
How much irrigation water shortage was witnessed last year ?
47 / 50
In the case of the male twin castrated during circumcision________________?
48 / 50
Deregulation is the reduction of government?s role in ?
49 / 50
When the period of Kharif crop starts and when ends ?
50 / 50
A major criticism of Fred,s theory is__________________?
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