Economics Quiz 43
1 / 50
We cannot say whether one allocation of resources is better than another allocation because ?
2 / 50
Three variables affect the demand for money they are _______ and __________?
3 / 50
Progress that meets the needs of the present without compromising the ability of future generations to meet their own needs is ?
4 / 50
The neoclassical theory of growth identifier the steady state rate of growth as the ____ just sufficient to keep _____ constant while labor grows?
5 / 50
Government____________?
6 / 50
What is referred by the by economic theory ?Liberalism? ?
7 / 50
?The ability of one individual or group to control the actions of another individual or group without the latter?s consent? is a definition of____________?
8 / 50
Worker-managed socialism helped contribute to ________ ?s rapid economic growth from 1959 to 1979?
9 / 50
A __________ is a brand created and owned by a reseller of a product of service ?
10 / 50
The marginal propensity to save (MPS) is ?
11 / 50
Who is insolvent_______________?
12 / 50
Which of the following statements is correct ?
13 / 50
The seller?s cost of production is ?
14 / 50
Overpopulation can result in________________?
15 / 50
The expectations augmented Phillips curve was the Work of which group of economists ?
16 / 50
Which of the following events will lead to an increase in the demand for money ?
17 / 50
Two of the major factors contributing to growth are ?
18 / 50
Under a system of floating exchange rates relatively low productivity and high inflation rates in the United States results in a (an) ?
19 / 50
?Hard ?money is_________________?
20 / 50
The percentage of the working age population that is part of the workforce is known as the ?
21 / 50
The U.S balance of payments is constructed by ?
22 / 50
India is the world?s largest producer of ?
23 / 50
Term a tax that is levied by a country of source on income paid, usually on dividends remitted to the home country of the firm operating in a foreign country?
24 / 50
Which of the following is a variable cost in the short run ?
25 / 50
What is called protection of domestic producers by impeding or limiting the importation of foreign goods and services ?
26 / 50
Wassily Leontief?s results can be interpreted as ?
27 / 50
Classification of human races is_____________________?
28 / 50
Quotas are government-imposed limits on the _________ of goods trade between countries?
29 / 50
The total forest area of Pakistan is estimated at ?
30 / 50
A tariff can _______ raise a country?s welfare?
31 / 50
The largest fishing catching ground in the world is ?
32 / 50
Which of the following shifts the demand for watches to the right ?
33 / 50
The pattern of economic growth describes the phenomenon of countries moving up in technological development by following the patterns of countries ahead of them in the development process ?
34 / 50
Maturation is a term used by developmental psychologists to refer to______________?
35 / 50
Which branch of accounting provides information to help the management of a firm evaluate production costs and efficiency ?
36 / 50
By what method were the first cars ever manufactured produced ?
37 / 50
Which perspective assumes that actors other than states are also important and s whether states are unitary actors ?
38 / 50
In the neoclassical theory of growth a higher saving rate leads to ?
39 / 50
Suppose two economists are arguing about policies that deal with unemployment One economist says the government should fight unemployment because it is the greatest social evil The other economist response Nonsense Inflation is the greatest social evil These economists ?
40 / 50
Which of the following is true about the consumer?s optimum consumption bundle? At the optimum ?
41 / 50
What is called the difference in the value of a nation?s imports over exports or exports over imports ?
42 / 50
Cost of production plus a fixed rate of profit is called ?
43 / 50
In Price discrimination abnormal profits are made if ?
44 / 50
The elderly are a minority because them________________?
45 / 50
Korea?s keirestsu-like corporate conglomerates is known as ?
46 / 50
ideologies may be described as_______________?
47 / 50
Suppose that ABC publishing sells an economics textbook and accompanying study guide. Raheel is willing to pay Rs75 for the text and Rs15 for the study guide. Mariam is willing to spend Rs60 for the text and Rs25 for the study guide. Suppose both the book and study guide have a zero-marginal cost of study production. If ABC publishing charges separate price for both products its best strategy is to charge price that when combined, total ?
48 / 50
VAT is a good example of which kind of tax ?
49 / 50
In autarky the relative price of wine, in terms of beer, in Country B is ?
50 / 50
Under Which of the following conditions would you prefer to be the borrower ?
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