Economics Quiz 60
1 / 50
Which of the following must always balance ?
2 / 50
The relative deprivation approach attempts to______________?
3 / 50
The Lorenz curve shows ?
4 / 50
How is termed equal rights of trade of trade without giving monopolies or preferences to an individual country ?
5 / 50
Which of the following market would most closely satisfy the requirements for a competitive market ?
6 / 50
For the United States suppose the annual interest rate on government securities equals 12 percent while the annual inflation rate equals 8 percent For Japan the annual interest rate on government securities equals 10 percent while the annual inflation rate equals 5 percent the above variables would cause investment funds to flow from ?
7 / 50
Relatively low real interest rates in the United States tend to ?
8 / 50
Which of the following is NOT true about child mortality ?
9 / 50
The push for teaching people to read in the English-speaking world was based on a desire to read_______________?
10 / 50
The business cycle describes fluctuations in output around the?
11 / 50
Income received by households that is not returned to firms is called_______________?
12 / 50
Suppose Imtiaz moves his Rs1,000 demand deposit from Bank A to Bank B If both banks operate with a reserve ratio of 10 percent What is the potential change in money supply as a result of Gerard?s action ?
13 / 50
A period of unemployment due to recession will ?
14 / 50
Injections ?
15 / 50
Mention an electronic quotation system in USA that provides price quotations to market participants about more actively traded common stock issues in OTC market ?
16 / 50
A sale maximizing firm will produce where ?
17 / 50
The identical twin who lost his penis in a tragic accident______________?
18 / 50
Time series data show information ?
19 / 50
Real business cycle theorists argue that _________ can explain short- and long-term fluctuation in output?
20 / 50
Interest is______________?
21 / 50
A child shows her parents how to operate a computer This situation reflects_____________?
22 / 50
Thomas is a monopolist in the production of your textbook because ?
23 / 50
Which of the following is an example of a reason why firms might pay efficiency wages ?
24 / 50
Interventionist policies to restore regional imbalance focus on ?
25 / 50
Private goods are ?
26 / 50
If a country an imposes an import tariff, its welfare can improve if ?
27 / 50
Dominant groups tend to use all but which of the following methods in dealing with minorities ?
28 / 50
Modernization means that a society becomes________________?
29 / 50
Similar to import tariffs import quotas tend to result in ?
30 / 50
If firms can neither enter nor leaves an industry, the relevant time period is the ?
31 / 50
he efficiency wage is the ?
32 / 50
A modified version of elitist theory holds that_______________?
33 / 50
Out of the total land area of Pakistan the total land area of Punjab is 20.6 mha (about 50.90 million acres) out of which ____ are cultivated?
34 / 50
An optimal tariff is one which reduces imports to the level at which ____ equals ____?
35 / 50
In an Open economy leakage to imports ____________ the value of the multiplier ?
36 / 50
If the world price of steel is $500 a ton a specific tariff $50 is equivalent to an ad valorem tariff of______________?
37 / 50
Which of the following is consistent with the law of supply ?
38 / 50
What country had the largest area of forest ?
39 / 50
Which country leads in production of barley among the following ?
40 / 50
Which of the following is not a consequence of growing agricultural commercialization ?
41 / 50
An industry that realizes such large economies of scale in producing its product that single-firm production of that good or service is most efficient is called ?
42 / 50
Which of the following statements supports deregulation of industries ?
43 / 50
Average income increase from Rs20,000 p.a to Rs 22,000 p.a Quantity demanded per year increases 5000 to 6000 units. Which of the following is correct ?
44 / 50
Why has modern economic growth mainly been in western countries ?
45 / 50
Money has 3 main function they are __________ and __________?
46 / 50
The main function of organized labor is to_______________?
47 / 50
The market system consists of planning by__________________?
48 / 50
A grocery store should close at night if the ?
49 / 50
The goal of the marketing logistics system should be to provide ?
50 / 50
All currencies other than the domestic currency of a given country are referred to as ?
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