Economics Quiz 11
1 / 50
If workers and firms agree on an increase in wages based on their expectations of inflation and inflation turns out to be more than they expected ?
2 / 50
Crowds may engage in unpredictable behavior because_______________?
3 / 50
The transition from rural living to city living occurred because_______________?
4 / 50
LDCs are reluctant to pursue development through the export of primary products because of ____ and _____ ?
5 / 50
Peer borrowing groups of five or so people with joit liability approve loans to other members as a substitute for the bank?s screening process The above statement applies to ?
6 / 50
When actual inflation exceeds expected inflation ?
7 / 50
Marriage is_________________?
8 / 50
The largest of the world regions containing 44 countries is_____________?
9 / 50
What is called the amount of non-military foreign aid which a country received ?
10 / 50
The burden of a tax falls more heavily on the sellers in a market when ?
11 / 50
The budget deficit tends to decrease then ?
12 / 50
A measurement showing how quantity demanded varies with income is the ?
13 / 50
Factors in the decline of the marriage rate include__________________?
14 / 50
The research on an isolated Amazon tribe______________?
15 / 50
The federal system has worked particularly well in_________________?
16 / 50
Which society lacks social classes totally ?
17 / 50
A widely used indicator to differentiate developed countries from developing countries is ?
18 / 50
Which mineral?s chief exporter is Russia?
19 / 50
The U.S has granted China permanent most favored nation treatment (normal trade relations) This means that the tariff schedules which apply to U.S imports from china ?
20 / 50
If the Keynesian consumption function is C = 10 + 0.8 Td when disposable income is Rs1000 the average propensity to consume is what ?
21 / 50
A fixed exchange rate, plus perfect capital mobility ________ the scope for monetary policy ?
22 / 50
If A forms a customs union with B, A will import ?
23 / 50
The debt-service ratio is the______________?
24 / 50
Theology is_______________?
25 / 50
IF GNP per capita at constant prices for Liechtenstein a microstate of 29,000 people located on the Rhine River between Switzerland and Austri is US$555 and US$560 in 2011 and 2012 respectively, the real economic growth from 2011 to 2012 is ?
26 / 50
The average CEO?s salary in 2005 was______________?
27 / 50
The quantity theory of money says that changes in ____lead to equivalent changes in ____ but have no effect on ______?
28 / 50
Pakistan?s largest food crop is ?
29 / 50
Critiques of bureaucratic forms of business administration argue that_____________?
30 / 50
An industry that has a relatively small number of firms that dominate the market is called ?
31 / 50
The high cost of fighting crime is due in large part to_______________?
32 / 50
Keynes suggested that decisions to consume and save were based on ?
33 / 50
Should international transportation costs decrease the effect on international trade would include a (an) ?
34 / 50
If the daughter of a factory worker wants to become the president of the company for which her father works we may assume that______________?
35 / 50
Young couples who have children very soon after marriage_______________?
36 / 50
That the company that overlooks new and better ways to do things will eventually lose customers to another company that has found a better way to serving customer needs is a major tenet of ?
37 / 50
Resources are defined as___________________?
38 / 50
?Laissez-faire? is a policy that appeals to_______________?
39 / 50
Currency speculation is _____ if speculators bet against market forces that cause exchange fluctuations, thus moderating such fluctuations ?
40 / 50
If a price increase of good A increases the quantity demanded of good B, then good B is a________________?
41 / 50
People who are important in shaping your self-concept and whose approval you wish to have are_____________?
42 / 50
Which of the following would likely cause the greatest deadweight loss ?
43 / 50
Keynesian economics is an economic theory of British economist John Maynard. What this theory states ?
44 / 50
Aggregate demand will increase if ?
45 / 50
One of the functions of public policy is to________________?
46 / 50
What is the cost effective ?
47 / 50
Efficiency in economic terminology means________________?
48 / 50
The processes of cultural change include______________?
49 / 50
Which of the following is not required while computing Gross National Product (GNP) ?
50 / 50
In 1971, most countries ?
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