Economics Quiz 90
1 / 50
In his empirical test of comparative advantage Wassily Leontief found that ?
2 / 50
To reduce imports, suppose that the government of Norway?s imposes a quota equal to 800 computers, Compared to what occurred under free trade, Norway?s consumers surplus will ________ and its producer surplus will _______ Can you calculate these amounts? Try plotting the information of this table on a sheet of graph paper ?
3 / 50
What is National debt or public debt ?
4 / 50
GDP would include which of the following ?
5 / 50
The Setrite Corporation produce chairs. An economist working for the firm predicts that if people?s incomes rise next year, then the demand for our chairs will for our chairs will increase ceteris paribus The accuracy of the economist?s prediction depends on whether the chairs Setrite Produce ?
6 / 50
The Keynesian remedy for unemployment is to ?
7 / 50
Occupational immobility of labour occurs if ?
8 / 50
Which of the following statements about stabilization policy is not true ?
9 / 50
When a marketing research organization chooses a segment of the population that represents the population as a whole, they have chosen a ?
10 / 50
Compared to a portfolio composed entirely of shares a portfolio that is 50 percent government bonds and 50 percent shares will have a ?
11 / 50
The resources each spouse brings to a marriage include________________?
12 / 50
If saving exceeds investment the national income will ?
13 / 50
The success of regional and urban policies has been limited by ?
14 / 50
The primary function of bank is to ?
15 / 50
A positive externality occurs when ?
16 / 50
Which of the following statements about a binding price ceiling is true ?
17 / 50
Speculative bubbles may occur in the shares market ?
18 / 50
When firm build in Organizational slack they do this in order to ?
19 / 50
Barro and Lee find that ceteris paribus, IMF lending has ?
20 / 50
Which of the following statements regarding the market for foreign currency exchange is true ?
21 / 50
Points on the production possibilities frontier are ?
22 / 50
Where a tax can be shifted, the incidence depends on ?
23 / 50
If a consumer describes a car as being the most economical car on the market than this descriptor is a?
24 / 50
What is the annual average growth rate of agriculture in last decade ?
25 / 50
Recent research supports the notion that mother-infant bonding_______________?
26 / 50
Latent functions of schools include_________?
27 / 50
Power is defined by Max Weber as the ability to__________________?
28 / 50
Which term is used for the total net value of all goods and services produced in a country in specified period of time ?
29 / 50
The total cost to society of producing an additional unit of a good or service is the ?
30 / 50
An example of a permanent or enduring subculture would be_______________?
31 / 50
In Which of the business cycle do firms try to cut stocks in order to save costs ?
32 / 50
Socialization happens in__________________?
33 / 50
The primary agent of socialization is the______________?
34 / 50
As consequence of rural urban migration ?
35 / 50
Suppose Canada and Switzerland were the only two countries in the world There exists an excess supply of Swiss francs on the foreign exchange market This suggests that ?
36 / 50
The teen pregnancy rate_________________?
37 / 50
A reduced share of the world export market for the United States would be attributed to?
38 / 50
Legal-rational authority tends to be characteristic of_________________?
39 / 50
Crop grown for sale is called?
40 / 50
A group way of life lends itself to disorder because_________________?
41 / 50
If GDP for Palau a small country near southeast of the Philippines is $130 million in 2012 and its population is 20,000 GDP per capita is ?
42 / 50
What is called the situation in which a debtor remains unable to pay his creditors in full ?
43 / 50
According to supply-side economists, as tax rates are reduced, labor supply should increase. This implies that ?
44 / 50
When capital is owned by the firm as opposed to being directly owned by household capital income may take any of the following forms except ?
45 / 50
Food crops cover about ___ of cropped areas?
46 / 50
Direct investment and security purchases are classified as ?
47 / 50
If people can borrow and lend to perfectly smooth out their lifetime living standards, then ?
48 / 50
A tax which is paid by the person on whom the tax is incident is called a ?
49 / 50
Which of the following payment instruments introduced by the banks is known as plastic money ?
50 / 50
Economic growth is important because ?
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