Economics Quiz 56
1 / 50
Name the system in which the means of production and distribution are privately or corporate owned and development is proportionate to the accumulation and reinvestment of profits which are gained in a free market ?
2 / 50
Normal profit occurs when ?
3 / 50
Portion of a company?s profit paid to common and preferred shareholders is called ?
4 / 50
Which financial instrument provides a buyer the right to purchase or sell a fixed amount of currency at a prearranged price, within a few days to a couple of years ?
5 / 50
Most empirical studies show that firm?s cost curves ?
6 / 50
Crowds and masses differ in that___________________?
7 / 50
It is correct to say that__________________?
8 / 50
Minorities have reacted to domination by developing goals that may be called_________________?
9 / 50
For Harvard?s Dani Rodrik Globalization involves ?
10 / 50
A depreciation of the dollar will have its most pronounced impact on imports if the demand for imports is ?
11 / 50
Deviance is defined as________________?
12 / 50
What does price elasticity of demand measure ?
13 / 50
If Japan runs current account deficit and exchange rates are floating?
14 / 50
A checking deposit in a bank in considered _________ of that bank?
15 / 50
ideologies tend to arise during periods of_____________?
16 / 50
The factor endowment theory was pioneered by ?
17 / 50
As a result of social change some members of society_______________?
18 / 50
From a sociological viewpoint to say that deviance has functions means that ?
19 / 50
If PX > MCX, society gains by ?
20 / 50
Material culture________________?
21 / 50
If the Supply of loanable funds is very inelastic (steep) Which policy would likely increase saving and investment the most ?
22 / 50
Reproduction outside the family__________________?
23 / 50
The situation in the Middle East is an example of________________?
24 / 50
The synthesis of the elitist and pluralist approaches realist democracy assumes that_____________?
25 / 50
In essence people need government because________________?
26 / 50
Export primary commodity concentration ratios are ?
27 / 50
Identify below what is NOT considered to be a cause of economic growth ?
28 / 50
The term ?prejudice? implies that_________________?
29 / 50
If a supply curve for a good is price elastic then ?
30 / 50
Which of the following best defines price discrimination ?
31 / 50
A personality refers to______________?
32 / 50
Market power is ?
33 / 50
Guest worker programs usually result in temporary migration of workers from ?
34 / 50
Variables that exercise influence on other variables are called ?
35 / 50
The govt. can control inflation by______________?
36 / 50
The participants in a market economy cannot pursue their goals freely because they are affected by_________________?
37 / 50
The United Stats in an exception in that_________________?
38 / 50
What was the crude birth rate of 1998 ?
39 / 50
The hypothesis that people know the true model of the economy and that they use this model to form their expectations of the future is the ?
40 / 50
Among the factors that favor individual mobility are_________________?
41 / 50
Which are manifest functions of schools ?
42 / 50
Contrary to Karl Marx,s expectations communist revolutions occurred in_______________?
43 / 50
The J-curve effect refers to the observation that ?
44 / 50
Which of the following statement is NOT true about OECD aid ?
45 / 50
The theory of symbolic interactionism in personality formation is associated with_______________?
46 / 50
If a product is an inferior good ?
47 / 50
A life insurance company forces Enzo to have a medical examination prior to selling him insurance ?
48 / 50
Defense mechanisms function to________________?
49 / 50
The dominant group in a society is the one that is the_________________?
50 / 50
The urban trends resulting from the industrial Revolution include_________________?
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