Economics Quiz 88
1 / 50
The market power effect of an international joint venture can lead to welfare losses for the domestic economy unless offset by cost reductions. Which type of cost reduction would not lead to offsetting welfare gains for the overall economy ?
2 / 50
Country A has an absolute advantage in__________?
3 / 50
In a command (planned) economy ?
4 / 50
To help developing nations strengthen their international competitiveness many industrial nations have granted non-reciprocal tariff reductions to developing nations under the ?
5 / 50
A(n) ________ is n example of a quota where foreigners hold quota licenses ?
6 / 50
Judicial review by the Supreme Court is based on____________?
7 / 50
Which of the following countries lead in the production of sugarcane in the world ?
8 / 50
Suppose, due to political instability, Russians suddenly choose to invest in UK assets as opposed to Russian assets Which of the following statements is true regarding UK net foreign investment ?
9 / 50
A feasible effect of international trade is that a (an) ?
10 / 50
The value of plant and equipment worn out in the process of manufacturing goods and services is measured by ?
11 / 50
Scientists agree that________________?
12 / 50
ideologies may be______________?
13 / 50
The extent to which the results of a study can be generalized to the larger population refers to ?
14 / 50
Exchange rate of which of the following currencies falls because of persistent balance of payments deficit ?
15 / 50
Within the supply and demand model, a tax collected from the sellers of a good shift the ?
16 / 50
Experiences over the last three decades has suggested that in order for economic development to occur, it is necessary for an economy to ?
17 / 50
If the ABC Typing Service is earning a rate of return greater than the return necessary for the business to continue operations, then ?
18 / 50
Which of the following is a policy instrument as opposed to a government objective ?
19 / 50
The term ?real wage? means the money wage? ?
20 / 50
Positive statements are ?
21 / 50
Jamrao Canal is located in the province of ?
22 / 50
Our type of society fosters______________?
23 / 50
Which of the following is an example of a signal that is used to reveal private information ?
24 / 50
Which of the following is not an argument put forth by economists in support of the use of advertising ?
25 / 50
Nation states emerged in Europe in the historical period of______________?
26 / 50
Scientific conclusions are_________________?
27 / 50
A high degree of real wage flexibility will tend to reduce the cost to a country of joining a currency union because ?
28 / 50
If leisure is a normal good, an increase in the wage ?
29 / 50
Which of the following is a criticism of Marxist theory ?
30 / 50
The SMSA is based on____________________?
31 / 50
The Montreal Protocal, signed in 1987 and strengthened in 1990 ?
32 / 50
If borrowers and lenders agree on a nominal interest rate and inflation turns out to be less than they had expected ?
33 / 50
Which side of the market is more likely to lobby government for a price floor ?
34 / 50
Which of the following is regarded as a factor of production ?
35 / 50
Capital Flight from a country is called ?
36 / 50
In terms of special product life cycles a ________ is a basic and distinctive mode expression?
37 / 50
Among the leading causes of divorce are_______________?
38 / 50
When considering the role of morality in foreign policy analysts observe that_____________?
39 / 50
Even through buying roles in the family change constantly the _________ has traditionally been the main purchasing agent for the family?
40 / 50
The ratio of change in the equilibrium level of output to a change in some autonomous variable is the ?
41 / 50
Political science has taken a turn toward the social sciences in its studies of__________________?
42 / 50
Which of the following is a withdraw from the circular flow income stream ?
43 / 50
Rice is very important food as well as ?
44 / 50
With a positive externality ?
45 / 50
Vaccinating people for measles, rubella, polio and cholera to substantially increase net social benefits by improving the health and productivity of the population is an example of ?
46 / 50
TO reduce cyclical unemployment the government might ?
47 / 50
In an economy measuring (1) total value added (2)total spending on final goods and (3)total factor earning gives the result that ?
48 / 50
A market can accurately be described as_________________?
49 / 50
Islam was established_________________?
50 / 50
The Common Agricultural Policy of the European Union has ?
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