Economics Quiz 15
1 / 50
The World Trade Organization is sometimes criticized for all of the following reasons except?
2 / 50
A person who is suddenly set down on a commune in rural China would most likely undergo ?
3 / 50
Demand for labour is more likely to be wage inelastic if ?
4 / 50
A person who regularly watches BBC television programs in the UK but fails to pay their TV licence fee is known as ?
5 / 50
Identification theory is based on the ideas of______________?
6 / 50
Unlike a black market, what is called a system of secretly selling or trading commodities which is not necessarily illegal ?
7 / 50
Which statement best describes how a command economy functioned in the Soviet Union ?
8 / 50
Most of Latin America has been characterized by ______ large land-grand estates owned by the few and ________ small poor holdings that rarely provide adequate employment for a family ?
9 / 50
Devaluation of currency can help to increase exports if elasticity of demand of exportable items in other countries is ?
10 / 50
Merton attributed deviance to ?anomie? meaning ?
11 / 50
If a benevolent social planner chooses to producer less than the equilibrium quantity of a good, then ?
12 / 50
Which of the following countries is the largest producer of coal in the world ?
13 / 50
Fiscal drag occurs when ?
14 / 50
The most recent view of black family problems is that they are a result of_______________?
15 / 50
Inflation results when_________________?
16 / 50
The allocation of tasks to particular individuals who specialize in performing them is referred to as_______________?
17 / 50
An anthropologist living with a group of people and engaging in some of their rituals is using the following research method ?
18 / 50
The current transitional period in which there is uncertainty as to what will happen to political parties is termed ?
19 / 50
The fact that services cannot be stored for later use or sale is evidence of their ?
20 / 50
Manipulation of taxation and spending levels is______________?
21 / 50
It is most accurate to say that_____________?
22 / 50
A tariff causes domestic firms to ________ and consumers to?
23 / 50
An agreement between a borrower country and the International Monetary Fund in which the country agrees to revamp its economic policies to provide incentives for higher export earnings and lower imports is a ?
24 / 50
________ are ads that appear while subscribers are surfing online services or Web sites, including banners, pop-up windows, tickers and roadblocks?
25 / 50
With free trade the total quantity of imports would equal ?
26 / 50
In a confederacy________________?
27 / 50
Ethnocentrism refers to_______________?
28 / 50
A monopoly may be self-perpetuating because profits may be used for ?
29 / 50
Why is the private ownership of property deemed beneficial ?
30 / 50
Which of the following is NOT one of the five stages of the buyers decision process?
31 / 50
In which of the following circumstances would a cartel be most likely to work ?
32 / 50
A kinship system is based on______________?
33 / 50
If the long-run market supply curve for a good is perfectly elastic, an increase in the demand for that good will, in the long run, cause ?
34 / 50
Economic development is measured on the basis of ?
35 / 50
Another term for nationalism might be________________?
36 / 50
International trade is based on the idea that ?
37 / 50
What is fiscal federalism ?
38 / 50
A scattered collection of people who share a common interest or a concern about an issue are a (n).
39 / 50
The from of interaction that occurs when two or more individuals try to possess a scarce object or value is_____________?
40 / 50
The norm of reciprocity entails______________?
41 / 50
A fall in investment demand can result from ?
42 / 50
A firm that makes profit in addition to normal profit is making ?
43 / 50
Oil is measured in barrels. What is the abbreviation for barrels________________?
44 / 50
Devaluation of currency helps to promote ?
45 / 50
The theologian Ludwig Feuerbach portrayed God as_______________?
46 / 50
The view that nationalism would wither away was held by_________________?
47 / 50
Death rates are______________?
48 / 50
The most fundamental function of the family is_________________?
49 / 50
The policy cartel on debt reduction refers to the_______________?
50 / 50
A piece of land and whatever physical property is on it is called?
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