Economics Quiz 66
1 / 50
In contestable markets large oligopolistic firms end up behaving like ?
2 / 50
A company?s first sale of stock to the public is called ?
3 / 50
Firms sell their products in________________?
4 / 50
What function do politicians serve according to pluralists ?
5 / 50
The civil rights movement in the United States was a_________________?
6 / 50
A shift in supply will have a bigger effect on price than output if demand is ?
7 / 50
If the relative price (MRT) of S were to increase, then the price line would ?
8 / 50
The government increase the minimum wage. The National Association of Fast Food Restaurants hires you to determine the impact that this higher minimum wage will have on it industry. This is an example of ?
9 / 50
If an increase in the price of a good has no impact on the total revenue in that market demand must be ?
10 / 50
If an increase in the price of blue jeans leads to an increase in the demand for tennis shoes, then blue jeans and tennis shoes are ?
11 / 50
The earliest and least complex society was___________?
12 / 50
A set of alternative commodity bundles that a person can command in a society using the totality of rights and opportunities that he possesses is known as ?
13 / 50
An ascribed status that a person cannot change is________________?
14 / 50
A prison is a______________?
15 / 50
Setting call objectives is done during which of the following stages of the selling process?
16 / 50
The largest spoken language in Pakistan is ?
17 / 50
Suppose that the nominal tariff rate on finished computers is 12 percent and that the weighted average of the nominal tariff rates on the inputs used in producing computers is 18 percent. Thus, the effective rate of protection for the computer industry must ?
18 / 50
X inefficiency occurs when ?
19 / 50
An upward shift in marginal cost _____ output and an upward shift in marginal revenue ______ output?
20 / 50
Conditions associated with long-term marriages include_________________?
21 / 50
Which of the following is FALSE? Scientific observation ?
22 / 50
Irrigation was developed in the Indus Valley Civilization by around ______?
23 / 50
Which of the following is true with regard to a tax on labor income? Taxes on labor income tend to encourage ?
24 / 50
For the Eurozone countries, the most important source of the downward slope of the aggregate demand curve is probably ?
25 / 50
A price reduction to buyers who buy in large volumes is called a(n) ?
26 / 50
IF GDP for Maldivies is $435 million in 2012 and the GDP per capita is $1576.087 the population of the country must be ?
27 / 50
What is the share of rural population in the total population of Pakistan ?
28 / 50
Demand pull inflation may be caused by ?
29 / 50
The crowd at a religious revival meeting is_______________?
30 / 50
Collective behavior is________________?
31 / 50
Which of the following is a problem for monetary policy in a currency union ?
32 / 50
Bilateral aid ?
33 / 50
International trade forces domestic firms to become more competitive in terms of ?
34 / 50
The Marginal Revenue Product is ?
35 / 50
Which of the following is not a function of a commercial bank?
36 / 50
The theory of overlapping demand predicts that trade in manufactured goods is unimportant for countries with very different ?
37 / 50
What is called the market in which forces of demand and supply are not in the control of government ?
38 / 50
Which condition is a major obstacle to economic development in the Middle East and Northern Africa ?
39 / 50
Accounting profit is equal to total revenue minus ?
40 / 50
According to criminologists_______________?
41 / 50
The social sciences first emerged ?
42 / 50
Point out the term for producer goods such as machinery that is used in production of commodities ?
43 / 50
In 2010-11 the yield of rice in Pakistan was ?
44 / 50
Which of the following is the Prevalent public health problem has been observed in the country ?
45 / 50
If the Pakistan receives larger than expected revenues from exports then the exchange value of its currency will tend to ?
46 / 50
Refer to Figure 1 What percent of the population vote for A when the choice is between A and B ?
47 / 50
The marginal revenue product of labour is ?
48 / 50
The highest victimization rates occur________________?
49 / 50
The diagram that shows the income received and payments made by each sector of the economy is the ?
50 / 50
The crop most susceptible to frost it ?
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