Economics Quiz 20
1 / 50
The practice of going after a large share of a smaller market or subsets of a few markets is called ?
2 / 50
Which of the following statements regarding the circular-flow diagram is true ?
3 / 50
Which soil is best suited for deep rooted crops ?
4 / 50
The mass media especially TV have been_______________?
5 / 50
PPP is ?
6 / 50
indifference curves for perfect substitutes are ?
7 / 50
Which of the following statements about price and marginal cost in competitive and monopolized markets is true ?
8 / 50
The long run equilibrium level of national income is the level at which ?
9 / 50
In the long run ?
10 / 50
In order to maximize profits, a monopoly company will produce that quantity at which the ?
11 / 50
In the United States an example of a taboo is_______________?
12 / 50
Criticisms of Rostow?s stages of development include ?
13 / 50
An increase in the wage rate ?
14 / 50
Setting the promotion budget so as to match the budgets of the competition is characteristic of which of the following budget methods ?
15 / 50
The main features of the European Monetary system are ?
16 / 50
If GDP for Barbados is $260 million in 2011 and its population is 260,000 GDP per capita is ?
17 / 50
Name the country which is the largest producer of Dry Milk in the World is?
18 / 50
Which is characteristic of a strictly closed society ?
19 / 50
A secondary group is characterized by_________________?
20 / 50
Share prices will follow a random walk if ?
21 / 50
Which is NOT a theory of socialization into gender roles ?
22 / 50
The monopolist?s supply curve ?
23 / 50
If the EU imposes a quota on the importing of clothing produced in China, so reducing UK imports of clothing, which of the following is true regarding UK net exports ?
24 / 50
Functionalists approach the state as a tool to________________?
25 / 50
Unemployment resulting from changes in the pattern of demand or supply in the economy is called _______ unemployment?
26 / 50
?My country right or wrong? is an example of_______________?
27 / 50
Which of the following is an example of a culture complex ?
28 / 50
If a competitive firm is producing a level of output where marginal revenue exceeds marginal cost the firm could increase profit if it ?
29 / 50
Reducing inflation is a more important objective than economic growth is an example of ?
30 / 50
Percentage of total industry sales that a particular company controls is called ?
31 / 50
Which of the following countries leads in the production of sugar in the world ?
32 / 50
The largest amount of trade with the United States in recent years has been conducted by ?
33 / 50
Effective branding will tend to make ?
34 / 50
The nuclear family is characteristic of industrial societies because______________?
35 / 50
Symbolic interaction ?
36 / 50
A pluralist in the U.S would maintain that___________________?
37 / 50
The money supply is ?
38 / 50
All of the following are benefits of the single market except ?
39 / 50
The fact that services are sold, produced and consumed at the same time refers to which of the following service characteristics ?
40 / 50
The theory of suggests that government can assist domestic companies in capturing economic profits from foreign competitors ?
41 / 50
Which of the following factors has been suggest as an explanation for the lack of economic growth in many poor nations ?
42 / 50
A competitive firm produces a level of output at which ?
43 / 50
Societies with landed gentry and inherited titles resemble_________________?
44 / 50
If a large number of individuals are affected by an external benefit, private bargaining will not work because of ?
45 / 50
Which of the following is identified with the elitist view _____________?
46 / 50
To be Productively efficient a firm must produce where ?
47 / 50
The amount today that would be needed, at prevailing interest rates, to produce a particular sum in the future is known as ?
48 / 50
The analysis considers the ability of domestic and foreign price of adjust to devaluation in the short run ?
49 / 50
Which of the following is NOT a characteristic of an upwardly mobile individual ?
50 / 50
The state has the following relationship to force__________________?
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