Economics Quiz 14
1 / 50
The price of burgers increase by 22% and the quantity of burgers demanded falls by 25% This indicates that demand for burgers is ?
2 / 50
How much irrigation water shortage was witnessed last year ?
3 / 50
_______ is needed to balancell the balance of payments statements?
4 / 50
The Marxian model of class structure divided the population into______________?
5 / 50
one of the tenets of the classical view of the labor market is that the wage adjustments that are necessary to clear the labor market occur ?
6 / 50
How much of the total land of the world is occupied by North America ?
7 / 50
A way of helping depressed regions by having wage subsidies lower business taxes and capital subsidies has been suggested as ?
8 / 50
Buy national policies ?
9 / 50
Collusion is difficult for an oligopoly to maintain ?
10 / 50
An export subsidy should have the opposite effect of ?
11 / 50
The opposite of a nuclear family is the______________?
12 / 50
Which of the following country was not a major LDC debtor in 2001 ?
13 / 50
Types of survey data include_______________?
14 / 50
Liberation theory is______________?
15 / 50
___________ have contractual authority to sell a manufacturer?s entire output?
16 / 50
When Coca-Cota and Nestle formed joint venture to market a ready to drink coffee and tea worldwide the type of marketing system that was formed would best be described as being a(n)?
17 / 50
Power is exercised in________________?
18 / 50
A very rapid growth in prices in which money loses its value to the point where even barter may be preferable is known as ?
19 / 50
The measured unemployment rate can be pushed below the natural rate, but ?
20 / 50
If the international terms of trade settle at a level that is between each country?s opportunity cost ?
21 / 50
Which factor of production in the United States is most likely to be made worse off (its factor payment will decrease) because of the North American Free Trade Agreement ?
22 / 50
The main reason that people hold money to buy things is referred to as the ?
23 / 50
Which of the following is NOT an example of a subject investigated by social scientists ?
24 / 50
Some frictional Unemployment is inevitable because ?
25 / 50
In the case of the male twin castrated during circumcision________________?
26 / 50
The second major profession in Pakistan is ?
27 / 50
Ethnic groups are based on_________________?
28 / 50
What kind of individual is valued in industrial and postindustrial societies ?
29 / 50
One of the predictions of the Heckscher-Ohlin model is that ?
30 / 50
The human infants first step in socialization is_________________?
31 / 50
The maximin criterion suggested by Rawls?s theory of justice means that the government should aim to ?
32 / 50
If the investment demand curve is vertical ?
33 / 50
When the period of Kharif crop starts and when ends ?
34 / 50
The implementation of a common market involves all of the following except ?
35 / 50
Stratification systems tend to________________?
36 / 50
Deregulation is the reduction of government?s role in ?
37 / 50
If Sweden?s currency depreciates relative to Norway?s currency ?
38 / 50
The amount that is paid for carriage of goods by chips, railways, airways etc is called ?
39 / 50
Which of the following government policies would fail to lower the unemployment rate ?
40 / 50
All of the following are criticisms leveled against marketing by critics EXCEPT ?
41 / 50
In Pakistan the term the poverty trap is used to describe the fact that ?
42 / 50
Anthropology is restricted to the study of_______________?
43 / 50
Suppose a frost destroys much of the Florida orange crop. At the same time, suppose consumer tastes shift toward orange juice, What would we expect to happen to the equilibrium price and quantity in the market for orange juice ?
44 / 50
Which statements is FALSE ?
45 / 50
The whole class of goods that will be under produced or not produced at all in a completely unregulated market economy are referred to as ?
46 / 50
Which of the following is a possible government objective as opposed to a policy ?
47 / 50
Which of the following is an example of government policy that could reduce inflation ?
48 / 50
A major criticism of Fred,s theory is__________________?
49 / 50
Which country leads in production of barley among the following ?
50 / 50
Rostow?s economics stages are ?
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