Economics Quiz 55
1 / 50
If GDP = Rs1,000 Consumption = Rs 600 taxes = Rs 100, and government purchases = Rs200, how much is saving and investment ?
2 / 50
Which resources are scarce in every society ?
3 / 50
During and after a depression the government can use fiscal policy through its powers of_____________?
4 / 50
If a small country imposes a tariff on an imported good, its terms of trade will ?
5 / 50
In the kinked Demand Curve theory it is assumed that ?
6 / 50
Suppose that a war is fought will biological weapons. The weapons destroy people but not capital. What is likely to happen to equilibrium wages and rental rates after the war when compared to their values before the war ?
7 / 50
Who is called Father of Economics ?
8 / 50
Consulting firms that use large-scale econometric models to forecast exchange rate movements are engaging in ?
9 / 50
The theoretical basis for zero marginal productivity of labor was the concept of ?
10 / 50
In a supply and demand diagram for Japanese yen, with the exchange rate in dollars per yen on the vertical axis, the demand schedule for yen is drawn sloping ?
11 / 50
Which Pakistani city is famous for high quality sports equipment ?
12 / 50
What is meant by capital stock ___________?
13 / 50
The Black movement to the urban North from the rural South was similar to______________?
14 / 50
If the exchange rate between the UK and Japan changes from ?1 = 100 yen to ?1 = 150 yen then ceteris paribus, the price of UK goods in Japan ?
15 / 50
When a company enters a new product category for which its current brand names are not appropriate it will likely follow which of the following brand strategies ?
16 / 50
All of the following are commonly recognized promotion budget formal EXCEPT ?
17 / 50
In which of the crops Russia does not lead ?
18 / 50
If Canada runs a balance of payments surplus and exchange rates are floating ?
19 / 50
If GNP of Pakistan rises. it will encourage ?
20 / 50
An area which is today in the first stage of the demographic transition is the following________________?
21 / 50
Following a divorce both partners remarry in what percentage of cases ?
22 / 50
A price ceiling is ?
23 / 50
If demand increase in a market this will usually lead to ?
24 / 50
The orange juice manufacturers know that orange juice is most often consumed in the mornings. However they would like to change this and make the drink acceptable during other time periods during the day Which form of segmentation would they need to work with and establish strategy reflective of their desires ?
25 / 50
Singapore and Hong Kong have become major economic powers by taking advantage of their ?
26 / 50
Admiration of power and intolerance of differences is linked to a_________________?
27 / 50
The study of traits that appear in specific population as adaptation to specific environments is called ?
28 / 50
Suppose, due to political instability, Russians suddenly choose to purchase UK assets as opposed to Russian assets Which of the following statements is true regarding the value of the pound and UK net exports ?
29 / 50
Suppose that the purchasing power parity estimate of the dollar/euro exchange rate is $1.30 per euro, and the current spot rate is $1.3 8 per euro. Comparing these two exchange rates from a long-run viewpoint you would ?
30 / 50
Rawls?s miximin criterion does not mean that there should be redistribution so as to equalise everyone?s incomes in society because ?
31 / 50
The bank established for loans to very small enterprises in Pakistan is called_______________?
32 / 50
An essential attribute of inflation is ?
33 / 50
The multiple by which total deposits can increase for every pound increase in reserves is the ?
34 / 50
When personal interviewing involves inviting six to ten people to gather for a few hours with a trained interviewers to talk about a product service, or organization the method is called ?
35 / 50
By Which scale the value of all economic activity produced by a nation during a given period is measured ?
36 / 50
All of the following are fundamental to the World Trade Organization except ?
37 / 50
Foreign policy decisions may be categorized into those that are________________?
38 / 50
Among the leading causes of divorce are______________?
39 / 50
Brassical in the Latin name for what spice ?
40 / 50
About _________ of the World?s population lives in LDCs?
41 / 50
Which country produced the most rubber ?
42 / 50
Deviance that has been exposed leads to______________?
43 / 50
A critic of ?Shock therapy? to transition economies. Vladamir Popov, contends that shock therapists put a heavy emphasis on ?
44 / 50
Population density may be defined as_________________?
45 / 50
When the $/? exchange rate rises the pound _____ and when the $/? rates falls the pound ________?
46 / 50
The ability-to-pay principle of taxation suggests that if a tax system is to be vertically equitable it should be ?
47 / 50
illegal acts that are characterized by deceit concealment or violation of trust is the FBI,s definition of_______________?
48 / 50
Social Darwinists believed that________________?
49 / 50
Pick out the generic term for the securities industry firms that buy sell and underwrite securities ?
50 / 50
Asset that is easily and cheaply turned into cash-notably, cash itself and short-term securities are known as______________?
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