Economics Quiz 75
1 / 50
Surplus labor theories assume that ?
2 / 50
Studying the interaction between government and the economy would occur on a______________?
3 / 50
According to the cost-based definition of dumping, dumping occurs when a firm sells a product abroad at a price that is less than ?
4 / 50
An example of resource versatility is_________________?
5 / 50
What will a decrease in the supply of fishermen do to the market for capital employed in the fishing industry ?
6 / 50
A merger in which firms at various stages in a production process combine is a ?
7 / 50
An example of fiat money is ?
8 / 50
________ is setting the price steps between various products in a product the based on cost difference between the products, customer evaluations of different features, and competitors prices ?
9 / 50
Which of the following statements is true ?
10 / 50
Which American industry has least been affected by import competition in recent years ?
11 / 50
The term liquidate refers to pay off a debt, a claim or an obligation or to settle the affairs by determining liabilities and applying assets to their discharge. What is also converted by the term?
12 / 50
Since World War II, people in both Africa and Latin America have moved from rural to urban areas, The major cause of this movement has been the ?
13 / 50
The most dramatic change that followed each technological revolution was_______________?
14 / 50
Total increase from Rs500 to Rs600 When output increases from 20 to 30 units Fixed costs are Rs200 Which of the following is true ?
15 / 50
Adam Smith was __________?
16 / 50
Which of the following statements is true about the impact of an increase in the price of lettuce ?
17 / 50
In the insurance industry, high-risk customers are more likely to take out insurance. This is an example of ?
18 / 50
The intermediary agent in the purchase and sale of any good is known as ?
19 / 50
Which of the following statements is True ?
20 / 50
The ______ holds that consumers will favor products that are available and highly affordable (therefore, work on improving production and distribution efficiency) ?
21 / 50
Suppose that the world price of tin is above the target (ceiling) price that is defined by an international commodity agreement. To move the world price toward the target price, a buffer stock agreement would require its buffer stock manager to ____ tin and an export quota agreement would require that member countries _________ their export of tin?
22 / 50
Demand for a normal product may shift outwards if ?
23 / 50
Keiretsu refers to ?
24 / 50
When citizens or government agencies attempt to peacefully correct laws or institutions they are engaged in_____________?
25 / 50
Human life is acted out within a triangle of_______________?
26 / 50
Which is NOT an aim of the process of socialization ?
27 / 50
What was the third mild producing country ?
28 / 50
Minor crops in Rabi season are pulses, potatoes and ?
29 / 50
When average cost is falling marginal cost is ________ and when average cost is rising marginal cost is?
30 / 50
In the long run, if a very small factory were to expand its scale of operations it is likely that it would initially experience ?
31 / 50
What is the top cattle producing country ?
32 / 50
There is a decentralized market where geographically dispersed dealers are linked by telephones and computer screens. The market is for securities not listed on a stock or bond exchange. Name the market ?
33 / 50
Which of the following countries lead in the production of tea in the world ?
34 / 50
Which of the following government policies is least likely to increase likely to increase growth in Africa ?
35 / 50
If a production function exhibits diminishing marginal product. its slope ?
36 / 50
During a given period how the economic activity of a nation is measured?
37 / 50
The Physical Quality of Life Index (PQLI) combines three indicators They are ?
38 / 50
If the autarky price of S were lower in country A than in country B then if trade were allowed ?
39 / 50
What kind of soil is treated with gypsum to make it suitable for cropping ?
40 / 50
Which of the following is an example of a common resource ?
41 / 50
Normative economics Forms ________ based on ________?
42 / 50
If planned investment becomes more sensitive to interest rate changes the crowding out effect will ?
43 / 50
In the context of equities What is called a firm with two divisions that may split into two companies and issue original shareholders two shares for every old share they have ?
44 / 50
The process that turns marketing strategies and plans into marketing actions in order to accomplish strategic marketing objectives is called ?
45 / 50
The largest volume of foreign exchange trading takes place in ?
46 / 50
What is called the advocacy of protecting domestic producers by impeding or limiting the importation of foreign goods and services ?
47 / 50
Union might increase efficiency in the case Where they ?
48 / 50
Idiosyncratic risk is the ?
49 / 50
Rice is very important food as well as ?
50 / 50
Lack of absorptive capacity in developing countries results from ?
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