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Economics Quiz 12

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Economics Quiz 12

1 / 50

If you were running a firm in a perfectly competitive industry, you would be spending your time making decisions on ?

2 / 50

The classic textbook model of democracy is referred to as the__________________?

3 / 50

What was the top milk producing country ?

4 / 50

It has become conventional classify a recession as a period where national output falls for _________ or more?

5 / 50

If a government uses barriers to foreign products such as biases against a foreign company?s bids or product standards that go against a foreign company?s product features the government is using ?

6 / 50

If a company?s objective were to reach masses of buyers that were geographically dispersed at a low cost per exposure the company would like choose which of the following promotion forms ?

7 / 50

In a production function Y = F(L, K,N,E,T) Y is ?

8 / 50

If my neighbour burns garden waste causing my house to fill with smoke this is an example of ?

9 / 50

Which is NOT a form of collective behavior ?

10 / 50

In most societies ownership of property takes one of three forms________________?

11 / 50

Which of the following could result in women being paid less than men ?

12 / 50

When old rules and laws are ignored, and rebellious crowds set up new rules of behavior social scientists call this situation________________?

13 / 50

Which two countries have enjoyed a real per capita growth rate of more than 7% yearly since the 1960s ?

14 / 50

Name the organization in which people are associated together for a common purpose under a common name. This organization is recognized and created by law ?

15 / 50

What is the total estimated forest area of Sindh ?

16 / 50

A stock that sells at a high price because of public confidence in its long record of steady earnings is called ?

17 / 50

What is called when government spending overwhelms government revenue resulting in government borrowing ?

18 / 50

Retirements negative effects are felt most strongly by_____________?

19 / 50

A situation in which oligopolists interacting with one another each choose their best strategy given the strategies that all the other oligopolists have chosen is known as a ?

20 / 50

Once a social scientist has formulated the hypothesis what is the next step of the scientific method ?

21 / 50

In 2000, the Economist estimated that only _________ of some 360 million internet users were in Africa ?

22 / 50

A symbiotic relationship exists between__________________?

23 / 50

The power elite are drawn from among the_______________?

24 / 50

Which of the following terms refers to income that is saved and not invested ?

25 / 50

On a graph, a positive linear relationship___________________?

26 / 50

Government?s use of coordinated policies to achieve national economic objectives is ?

27 / 50

In autarky, the relative price of wine, in terms of beer, in country A is ?

28 / 50

The effect of inflation on the price competitiveness of a country?s products may be offset by ?

29 / 50

The average variable cost curve ?

30 / 50

The fundamental assumption of democratic socialism is that_______________?

31 / 50

The price system is based on_______________?

32 / 50

Scientific observations are based on_________________?

33 / 50

One classification of development levels used by the World Bank divides countries into three group on the basis of GNP per capita They are ?

34 / 50

Which of the following could be considered critical s in development economics ?

35 / 50

A profit-maximizing firm will hire labour until _____ equals the _______?

36 / 50

Sector shifts tend to raise which type of unemployment ?

37 / 50

If a tax on a good is doubled the deadweight loss from the tax ?

38 / 50

A member of a Navajo tribe can graze his sheep on clan land but he cannot sell it Navajo land is what kind of property ?

39 / 50

A movement along the supply curve may be caused by ?

40 / 50

A price floor ?

41 / 50

Economic growth occurs because ?

42 / 50

Countervailing duties levied by the U.S government are imposed to offset ?

43 / 50

Speculators in foreign exchange markets do all of the following except ?

44 / 50

The creation of culture unlike playwriting ?

45 / 50

When imports from a higher-cost supplier within a customs union replace imports from a lower-cost supplier outside the custom union, there exists ?

46 / 50

The equilibrium level of aggregate output is determined in ?

47 / 50

Term the body of goods and monies from which future income can be derived ?

48 / 50

Which crops are sown in Rabi season ?

49 / 50

sociocultural change means that______________?

50 / 50

The marginal tax rate is ?

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