Economics Quiz 36
1 / 50
If the economy is at the peak of the business cycle, aggregate demand ____ unemployment _______ inflation _______ and the current account of the balance of payments is likely to move towards _______?
2 / 50
Public ownership of natural monopolies ?
3 / 50
Which of the following activities is one of the responsibilities of the Bank of England to the banking system ?
4 / 50
The leading producer of sulphur in the world is ?
5 / 50
Involuntary unemployment exists if workers ?
6 / 50
When stock market is falling it is_______________?
7 / 50
Labeling theory has been criticized because_________________?
8 / 50
If an increase in a consumer?s income causes the consumers to decrease her quantity demanded of a good, then the good is ?
9 / 50
________ are quotas that result in a total prohibition of trade?
10 / 50
In the classical model, potential output cannot be increased by ?
11 / 50
uppose a consumer must choose between the consumption of sandwiches and pizza. If we measure the quantity of pizza on the horizontal axis and the quantity of sandwiches on the vertical axis and if the price of a pizza is Rs10 and the price of a sandwich is Rs5, then the slope of the budget constraint is ?
12 / 50
A firm may be unable to maximize profits because it ?
13 / 50
What is the ratio of Agriculturist by profession in Pakistan in (mid 2007) ?
14 / 50
When you add a tomato product to a Hollandaise Sauce it is called ?
15 / 50
The Superego of Freud,s theory is similar to Mead,s ?
16 / 50
All of the following are thought to be sources of new product ideas EXCEPT ?
17 / 50
Suppose each of 20 neighbours on street values street repairs at ?3000 the cost of the street repair is ?40,000 which of the following statements is true ?
18 / 50
The expectations people have regarding how husbands and wives ought to behave are called marital______________?
19 / 50
The discipline that studies such disparate subjects as the environment religion politics criminality organization and so on is______________?
20 / 50
The developed nations have only about 15% of the world?s population, but they are estimated to consume _______ of the world?s output ?
21 / 50
Which of the following groups would not benefit from an EU imports quota on Japanese cars ?
22 / 50
Critics of our school system sate that _________________?
23 / 50
When ________ substitutes exist, a monopolist has ________ power to raise price?
24 / 50
A profit maximising firm will employ labour up to the point where ?
25 / 50
Barriers to entry ?
26 / 50
Money that a government has required has required to be accepted in settlement of debts is ?
27 / 50
When real income increases other things equal we can expect the demand for real money holdings to ?
28 / 50
Studies other than Mead,s show that_________________?
29 / 50
To assign uniform characteristics to an entire group of people without allowing for individual differences is called_____________?
30 / 50
Which of the following is not true about the specialized farm ?
31 / 50
As of 2005 what proportion of women were in managerial professional and administrative positions ?
32 / 50
In a floating exchange rate system ?
33 / 50
Term the exclusive right of one or more persons to carry on some branch of trade of manufacture It is a sole power of dealing in something ?
34 / 50
The sole legal right to print or publish anything which belongs to the author or his assignees is called ?
35 / 50
Economic policies do not work as well as they should because of obstacles posed by______________?
36 / 50
The main cause of different relative costs between countries are ?
37 / 50
Negative life chances correspond to__________________?
38 / 50
An increase in the price of a complement for product A would ?
39 / 50
Which exchange rate system is characterized by the absence of government intervention ?
40 / 50
The reduction of tax ?
41 / 50
The formula for the marginal revenue product of labour (L is for labour, X is the product) is ?
42 / 50
Economic growth from current year (c) to previous year (p) is given by ?
43 / 50
Economic growth is depicted by ?
44 / 50
If the quantity of money demanded exceeds the quantity of money supplied then the interest rate will ?
45 / 50
What is called interest that is paid previously earned interest as well as on the principal ?
46 / 50
The crop most susceptible to frost is_______________?
47 / 50
Markets sometimes fail to exist because of________?
48 / 50
The use of price points for reference to different levels of quality for a company?s related products is typical of which product mix pricing strategy ?
49 / 50
Which of the following is NOT within the secondary economic sector ?
50 / 50
The liquidity trap occurs when the demand for money ?
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