Economics Quiz 67
1 / 50
Political ideology deals with______________?
2 / 50
When a market is contestable, incumbent firms must __________ to avoid the entry of new competitors?
3 / 50
Stressing the desirability of retaining each group,s cultural distinctiveness is part of the ideology of______________?
4 / 50
By which process the holder of a mortgage seizes the property of a homeowner who has not made interest and or principal payments on time as stipulated in the mortgage contract ?
5 / 50
Which economics doctrine opposes government regulation or interference in commerce beyond the minimum necessary for a free enterprise system to operate according to its own economics laws and non-interference in affairs of others ?
6 / 50
Congressional representation is based on______________?
7 / 50
The classical conservative approach to stratification is that____________?
8 / 50
The firms long run output decision will be where ?
9 / 50
The current growth rate of population in Pakistan is ?
10 / 50
Polish economist Oskar Lange?s model of decentralized ______ combined the advantages of market allocation with more uniform income distribution by dividing the returns from social ownership of nonhuman productive resources among the whole population ?
11 / 50
Which of the following is most likely to be a variable cost for a firm ?
12 / 50
If buyers are rational and there is no market failure ?
13 / 50
The social sciences were initially concerned with the consequences of_______________?
14 / 50
The most logical budget setting method is found in the list below. Which is it ?
15 / 50
A shift is demand will have more effect on price than quantity if ?
16 / 50
The average tax rate is ?
17 / 50
Baran?s Neo-Marxist thesis has been criticized for ignoring the probability that power is frequently ?
18 / 50
The percentage of people around the world who lived in cities in 2005 is approximately________________?
19 / 50
The chain of events that results from an expansionary monetary policy is ?
20 / 50
The Protestant Ethic and the Spirit of Capitalism was written by ?
21 / 50
The participation rate in the labour force is affected by ?
22 / 50
Maintaining full employment stabilizing the economy and pursuing economic growth are issues analyzed in the context of_______________?
23 / 50
According to the differential association theory deviant acts are_________________?
24 / 50
Since 1998 many government have defined unemployment using ?
25 / 50
Which term is used for an addition to normal payment by a company or extra payment of gratuity to workers ?
26 / 50
By adjusting the model of comparative advantage to include transportation costs along with production costs we would expect ?
27 / 50
In general, if a benevolent social planner wanted to maximize the total benefits received by buyers and sellers in a market, the planner should?
28 / 50
All of the following factors can affect the attractiveness of a market segment EXCEPT ?
29 / 50
The opportunity cost of one DVD in South Korea is ?
30 / 50
A reference group is a(n) ?
31 / 50
Similarities common to all cultures are called_________________?
32 / 50
The text primarily applied Weber,s notion of status to______________?
33 / 50
Hitler led the German people by emotional speeches He derived his authority from________________?
34 / 50
About ____ of land is cultivated through irrigation water?
35 / 50
From the sale of capital assets tax is levied on profits. What this tax is called ?
36 / 50
Which of the following groups determine market transactions ?
37 / 50
During the Enlightenment of the 18th century_______________?
38 / 50
When a minority group accepts the culture of the dominant group it is called_______________?
39 / 50
South Africa is the chief exporter of ?
40 / 50
International trade is based on the nation that ?
41 / 50
Engineers lawyer?s investment bankers? top CEOs entertainers and so on are described as_____________?
42 / 50
Infant mortality ?
43 / 50
The reason for the kinked demand curve is that ?
44 / 50
Assume that firms in an oligopoly are currently colluding to set price and output to maximise total industry profit. If the oligopolists are forced to stop colluding, the price charged by the oligopolists will _________ and the total output produced will __________?
45 / 50
The fraction of change in income that is consumed or spend is called ?
46 / 50
According to classical models, the level of employment is determined primarily by ?
47 / 50
The Micropolitan Statistical Area consists of_______________?
48 / 50
In the events of an increase in the international price of oil that encouraged the central bank to accept lower real interest rates, inflation would most likely ?
49 / 50
Data are important in economics because _________ and ____________?
50 / 50
According to the law of diminishing utility ?
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