Economics Quiz 1
1 / 50
Increase unemployment benefits and less incentive to work would ?
2 / 50
Which of the following is referred by principle ?
3 / 50
An example of a permanent or enduring subculture would be_______________?
4 / 50
Which of the following best demonstrates the problem of moral hazard ?
5 / 50
Assume that global recession causes the quantity of tin demanded to decrease by 4 million pounds at each price To maintain the price of tin at the target price you would ?
6 / 50
The most advanced form of regional cooperation is exhibited by______________?
7 / 50
Market in which forces of demand and supply are not in the control of government is called ?
8 / 50
In the ERM, each country fixed participant Collectively the group ________ against the rest of the world?
9 / 50
The 1993 World Bank study entitled The East Asian Miracle (1993) identifies eight high performing Asian economies Which of the following is not one of them ?
10 / 50
A tariff-rate quota ?
11 / 50
An increase in consumer income will increase demand for a _________ but decrease demand for a?
12 / 50
Which of the following statements about stabilization policy is not true ?
13 / 50
One of the transmission mechanisms of monetary policy is through consumer demand when interest rates ________ household wealth ________ and consumption _________?
14 / 50
Which one of the following countries is not a high-income country ?
15 / 50
The primary function of bank is to ?
16 / 50
Membership in the World Trade Organization for china ?
17 / 50
What is inflation ?
18 / 50
If firms earn normal profits ?
19 / 50
A production function ?
20 / 50
The extra utility from consuming one more unit of a good is called ?
21 / 50
Free traders maintain that an open economy is advantageous is that it provides all of the following except ?
22 / 50
Specific tariffs are collected as ?
23 / 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 ?
24 / 50
If a country can produce 10 of product A or 4 of product B the opportunity cost of 1B is ?
25 / 50
When the price of foreign currency (i.e the exchange rate) is below the equilibrium level ?
26 / 50
It has been found that disengagement is usually________________?
27 / 50
?Humanity ?is__________________?
28 / 50
The biggest Industrial unit in public sector is ?
29 / 50
A mother preparing lunch for her child is an example of a(n)______________?
30 / 50
In preindustrial societies education was intended for_______________?
31 / 50
A country?s fundamental system of transportation, communications, and other aspects of its physical capabilities are called ?
32 / 50
Barro and Lee find that ceteris paribus, IMF lending has ?
33 / 50
According to the classical economists, those who are not working ?
34 / 50
Name the methodology by which members of the EMS maintain their currency exchange rates within an agreed upon range with respect to other member countries ?
35 / 50
Champignons are what type of food ?
36 / 50
The economic policy of mercantilism first developed during the ?
37 / 50
Index crimes include all but one of the following_______________?
38 / 50
Personality must be considered as________________?
39 / 50
GDP would include which of the following ?
40 / 50
Compared to a portfolio composed entirely of shares a portfolio that is 50 percent government bonds and 50 percent shares will have a ?
41 / 50
Which of the following is an index crime ?
42 / 50
What is called the trade without restriction of tariffs, quotas, or foreign exchange controls ?
43 / 50
Where a tax can be shifted, the incidence depends on ?
44 / 50
The People?s Republic of China ?
45 / 50
Studies of siblings who shared parents? social class and everyday experiences have shown that they_____________?
46 / 50
Society and culture______________?
47 / 50
The emergence of Japan as a world economic power has been based mostly on Japan?s ?
48 / 50
Firms in perfect competition face a?
49 / 50
Power is defined by Max Weber as the ability to__________________?
50 / 50
Laws are_______________?
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