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