Economics Quiz 48
1 / 50
Shortcomings of interest groups include______________?
2 / 50
Which of the following is a characteristic of pure monopoly ?
3 / 50
The largest producer of fertilizer in the world is ?
4 / 50
Suppose that at a price of Rs 30 per month there are 30000 subscribers to cable television in small Town. If small Town Cablevision raise its price to Rs 40 per month the number of subscribers will fall to 20000 At which of the following price does small Town Cablevision earn the greatest total revenue ?
5 / 50
Suppose there is an increase in the both the supply and demand for personal computers Further, suppose the supply of personal computer increase more than demand for personal computers In the market for personal computers i the market for personal computers, we would expect ?
6 / 50
If the price elasticity is -0.3 this means ?
7 / 50
Which of the following is not TRUE about rural urban migration ?
8 / 50
The price elasticity of demand measures ?
9 / 50
In order for power to be legitimate a government must have_____________?
10 / 50
When we refer to the hidden economy we mean unrecorded income owing to ?
11 / 50
The largest producer of Nuclear energy in the world is____?
12 / 50
Participants in the market system________________?
13 / 50
Entrepreneurship is the ?
14 / 50
The factor endowment model of international trade was developed by ?
15 / 50
Utilitarian organizations are so named because they ?
16 / 50
Institution are_________________?
17 / 50
Trade creation takes place when ?
18 / 50
What country had the second largest area of forest?
19 / 50
If the cross-price elasticity of demand between two goods is negative, then the two goods are ?
20 / 50
In monopolistic competition ?
21 / 50
________ protection such as the escape clause, provide temporary protection to domestic industries facing competition from fairly traded foreign goods?
22 / 50
________ and ___________ do not directly affect the demand curve ?
23 / 50
A trained observer_________________?
24 / 50
Domestic producers gain ________ because on the tariff?
25 / 50
Disposable income is the part of households income left after the deduction of ?
26 / 50
In theory communism calls for______________?
27 / 50
The earliest statement of the principle of comparative advantage is associated with ?
28 / 50
Which of the following processes includes isolation of the minority population ?
29 / 50
Supply side policies are considered effective in ?
30 / 50
Among the reason for overturning death penalty verdicts on appeal are______________?
31 / 50
Which money is called Hot money ?
32 / 50
One percentage decrease in unemployment is associated with two percentage points of additional growth in real gdp is called?
33 / 50
A monopolistic market has ?
34 / 50
Suppose that at a price of Rs 30 per month there are 30000 subscribers to cable television in small Town. If small Town Cablevision raises its price Rs40 per month the number of subscribers will fall to 20000 Using the midpoint method for calculating the elasticity what is the price elasticity of demand for cable TV in Small Town ?
35 / 50
The IMF is an agency charged with providing ?
36 / 50
Cyclical unemployment is the ?
37 / 50
The most essential element of culture is______________?
38 / 50
As income increase ?
39 / 50
Which of the following is an injection into the economy ?
40 / 50
Adam Smith was __________?
41 / 50
Which country produced the second most rubber ?
42 / 50
The categories used by researchers to pigeonhole people into social classes__________________?
43 / 50
Foreign aid is an instrument of________________?
44 / 50
The formula for average variable cost (AVC) is ?
45 / 50
_______ factors are the most popular bases for segmenting customer groups?
46 / 50
Which of the following is not an example of foreign direct investment ?
47 / 50
Air pollution from automobile exhausts, and water pollution steel plants are examples of ?
48 / 50
What is called the rules of laws which governs the internal affairs of an organization ?
49 / 50
A negative externality affect market efficiency in a manner similar to ?
50 / 50
How does the eurozone compare with USA as a possible optimal currency area (OCA) ?
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