0% 0 Economics Quiz 10 1 / 50 Balance of sheet is understood as ? Performance of a company Profit in a year Statements of accounts that shows debit and credit accounts under the broad heads Accurate economic position 2 / 50 When the government must pay for fighter planes based on commitments made five years previously the spending the spending is called________________? uncontrollable discretionary unavoidable balanced 3 / 50 IF when cost $4 per bushel in the United States and 2 pounds per bushel in Great Britain then in the presence of purchasing power parity the exchange rate should be ? $50 per pound $1.00 per pound $8.00 per pound $2.00 per pound 4 / 50 The free market involves ? All trade via barter Market forces of supply and demand The Subsidizing of products by the government The free provision of products 5 / 50 The term Remittance refers to_______________? Both of them The sum of money sent Sending of money to someone at distance None of them 6 / 50 The notion that, following a currency depreciation the balance of trade falls for a while before increasing is called an effect ? elasticity Pass through relative price J Curve 7 / 50 Which is typical of the first stage of the demographic transition ? high birthrates and high death rates cycles of growth and decline declining birthrates and high death rates high birthrates and declining death rates 8 / 50 If Pakistani citizens become more thrifty we would expect ? The supply of loanable funds in the Pakistan loanable funds market to shift to the right and the real interest rate to fall. The demand for loandable funds in the Pakistan loanable funds market to shift to the right and the real interest rate to fall The demand for loanable funds in the Pakistan loanable funds market to shift to the right and the real interest rate to rise The supply of loandable funds in the Pakistan loanable funds market to shift to the right and the real interest rate to rise 9 / 50 Which of the following is true ? Students are seldom able to evaluate their own abilities Lower-class students do as well academically as those from higher social classes Students with low levels of self-esteem and low levels of confidence tend to do poorly in school Testing consistently low does not affect a students self-confidence 10 / 50 Deviance______________? shows what is proper behavior promotes social change helps group cohesiveness all of the above 11 / 50 A person affected by nationalism______________? all of the above displays feelings of ethnocentrism shares a state,s interests and goals identifies with a state?s culture 12 / 50 Middle-and upper-class parents foster the viewpoint that________________? their children should have a classical education students should find peers with similar goals success does not matter as much as happiness occupational success is desirable 13 / 50 It is not considered discrimination when an employer offers different opportunities to individuals that differ only by them ? age race sex productivity 14 / 50 A totalitarian regime______________? contains secret police controls the mass media all of the above exhibits a centralized control of the economy 15 / 50 Human capital can be described as ? education a person inherited ability the stock of expertise accumulated by a worker the tools used by workers to enhance productivity 16 / 50 Which of the following countries is not a low income country ? Indonesia India Malaysia Nigeria 17 / 50 Total revenue equals ? Price multiplier by quantity sold Price minus quantity sold Price divided by the quantity sold Price plus quantity 18 / 50 Among the world?s largest cotton growing countries. Pakistan stands at number ? Four Three Six Eight 19 / 50 An outside professional conducts an examination of company?s accounting records in order to determine whether the company is maintaining records according to the generally accepted accounting principles. What this examination is called ? Audit Accounting Stock-taking Checking 20 / 50 Kinsey maintained that______________? people should have sex-change operations if they felt they were the wrong sex one is either a heterosexual or a homosexual sexuality exists on a continuum bisexuals lack specific hormones 21 / 50 Increased level consumption ? shift aggregate demand to the left shift aggregate supply to the left shift aggregate demand to the right shift aggregate supply to the right 22 / 50 Which situation will a country face, if the birth rate falls sharply, while the death rate remains unchanged ? a more youthful population an increase in population a fall in living standards an ageing population 23 / 50 In a tariff and import quota lead to equivalent increase in the domestic price of steel, then ? They have identical impact on how income is distributed The tariff results in efficiency reductions but the quota does not They have identical impact on how much is produced and consumed The quota results in efficiency reductions but the tariff does not 24 / 50 Termed the written statement which expresses the intention of undersigned to enter into a formal agreement ? Papers of Landing Letter of intent Letter of Credit Letter of Expression 25 / 50 The period of Rabi season is ? October-May October-June January-May May-Aug 26 / 50 Which of the following is NOT a predominant goal of American society ? none of the above are dominant goals a leisure-based society a desirable mix of windfall profits spectacular growth 27 / 50 A variable whose value is determined by the model of which it is a part is termed ? independent constant exogenous endogenous 28 / 50 ?Head hunting is wrong ?This statement is made from the point of view of______________? ethnocentrism cultural pride cultural relativity ethnic uniformity 29 / 50 Which province of Pakistan is the largest Edible oils producing province ? KPK Sindh Punjab Baluchistan 30 / 50 Total surplus is the area_______________? below the supply curve and above the price above the supply curve and below the price below the demand curve and above the price below the demand curve and above the supply curve 31 / 50 The difference between an average worker?s salary and that of the average CEO has_______________? greatly increased gradually narrowed slightly increased remained stable 32 / 50 Corporations and labor unions_____________? may establish their own PACs cannot contribute to congressional candidates all of the above may use union or corporate funds to administer PACs 33 / 50 If the cross elasticity of demand is -2 ? The products are complements and demand is cross price elastic The products are substitutes and demand is cross price inelastic The products are complements and demand is cross price inelastic The products are substitutes and demand is cross price elastic 34 / 50 In contemporary market systems competition____________________? is diluted by private and state monopolies is quite strong has been replaced by planning does not exist 35 / 50 GDP plus net property income from abroad equals what ? GNP NNP Depreciation Real GDP 36 / 50 The factors influencing the political behavior of American voters include ? social class mass media all of the above socialization 37 / 50 Which of the following would be excluded from UK GDP fro 2005? The sale of ? All of things mentioned in these answers should be counted in 2005 GDP. the value of a lawyer?s services a haircut a 2005 Honda made in Swindon 38 / 50 Which of the following statement is Not true ? Many large LDC debtors borrowed heavily because of their excellent international credit ratings The ratio of debt service to GNP is very good indicator of the debt burden Middle income countries account for almost four-fifths of the total outstanding debt of all LDCs The debt-burden of sub Saharan African countries may be as heavy as for middle income countries 39 / 50 How many reclamation schemes has been completed by the government? 80 50 65 60 40 / 50 An infant,s cries for help_______________? are instrumental in cementing the mother-infant bonding should be ignored or the infant will be spoiled signify a weakness in its development are natural in all mammals 41 / 50 Term the written order which directs that a specified sum of money be paid to a specified person ? Bill of Lading None of them Bill of Exchange BE Bearer Cheque 42 / 50 A wage differential among groups may not by itself be evidence of discrimination in the labour market because different groups have ? different levels of job experience all of these answers are correct different preferences for the type of work they are willing to do different levels of education 43 / 50 The theory speculating that every society develops a number of cultural goals for members to attain but that attainment is not possible for all is called the_____________? deviant personality theory anomie theory focal concerns theory differential association theory 44 / 50 If the price was fixed below the equilibrium price there would be ? Equilibrium Downward pressure on prices Excess supply Excess demand 45 / 50 Economies of Scale meaning ? Reduced per unit Cost None of these Cost on all products Higher per unit Cost 46 / 50 An example of a trade policy is ? All are examples of trade policy capital flight because it increases a country?s net exports an increase in the government budget deficit because it reduces a country?s net exports A tariff on sugar 47 / 50 The instrumental role was traditionally assigned to______________? children males the old females 48 / 50 Contemporary technologically advanced societies tend to be_______________? homogeneous heterogeneous hexahedron hermetic 49 / 50 __________ is a philosophy holding that a company?s marketing should support the best long-run performance of the marketing system? Conceptual marketing Fundamental marketing Myopic marketing Enlightened marketing 50 / 50 The social science that deals with human use of the natural environment is______________? chemistry geography genetics physiology Provide Your Information Your score is The average score is 0% LinkedIn Facebook Twitter 0% Restart quiz Send feedback Share on facebook Facebook Share on twitter Twitter Share on whatsapp WhatsApp PrevEconomics Quiz 9 Economics Quiz 11Next
