Economics Quiz 15

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Economics Quiz 15

1 / 50

The from of interaction that occurs when two or more individuals try to possess a scarce object or value is_____________?

2 / 50

A tariff causes domestic firms to ________ and consumers to?

3 / 50

The view that nationalism would wither away was held by_________________?

4 / 50

If a benevolent social planner chooses to producer less than the equilibrium quantity of a good, then ?

5 / 50

Which statement best describes how a command economy functioned in the Soviet Union ?

6 / 50

The allocation of tasks to particular individuals who specialize in performing them is referred to as_______________?

7 / 50

A firm that makes profit in addition to normal profit is making ?

8 / 50

It is most accurate to say that_____________?

9 / 50

International trade is based on the idea that ?

10 / 50

________ are ads that appear while subscribers are surfing online services or Web sites, including banners, pop-up windows, tickers and roadblocks?

11 / 50

Identification theory is based on the ideas of______________?

12 / 50

Which of the following countries is the largest producer of coal in the world ?

13 / 50

In a confederacy________________?

14 / 50

The norm of reciprocity entails______________?

15 / 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 ?

16 / 50

Oil is measured in barrels. What is the abbreviation for barrels________________?

17 / 50

Manipulation of taxation and spending levels is______________?

18 / 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 ?

19 / 50

Death rates are______________?

20 / 50

Merton attributed deviance to ?anomie? meaning ?

21 / 50

Another term for nationalism might be________________?

22 / 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 ?

23 / 50

Unlike a black market, what is called a system of secretly selling or trading commodities which is not necessarily illegal ?

24 / 50

The current transitional period in which there is uncertainty as to what will happen to political parties is termed ?

25 / 50

The fact that services cannot be stored for later use or sale is evidence of their ?

26 / 50

A kinship system is based on______________?

27 / 50

The theologian Ludwig Feuerbach portrayed God as_______________?

28 / 50

Fiscal drag occurs when ?

29 / 50

The World Trade Organization is sometimes criticized for all of the following reasons except?

30 / 50

Devaluation of currency helps to promote ?

31 / 50

A person who regularly watches BBC television programs in the UK but fails to pay their TV licence fee is known as ?

32 / 50

Devaluation of currency can help to increase exports if elasticity of demand of exportable items in other countries is ?

33 / 50

Why is the private ownership of property deemed beneficial ?

34 / 50

What is fiscal federalism ?

35 / 50

A monopoly may be self-perpetuating because profits may be used for ?

36 / 50

A scattered collection of people who share a common interest or a concern about an issue are a (n).

37 / 50

Economic development is measured on the basis of ?

38 / 50

An anthropologist living with a group of people and engaging in some of their rituals is using the following research method ?

39 / 50

A piece of land and whatever physical property is on it is called?

40 / 50

The most fundamental function of the family is_________________?

41 / 50

A person who is suddenly set down on a commune in rural China would most likely undergo ?

42 / 50

Inflation results when_________________?

43 / 50

Ethnocentrism refers to_______________?

44 / 50

Which of the following is NOT one of the five stages of the buyers decision process?

45 / 50

In which of the following circumstances would a cartel be most likely to work ?

46 / 50

Demand for labour is more likely to be wage inelastic if ?

47 / 50

A fall in investment demand can result from ?

48 / 50

The most recent view of black family problems is that they are a result of_______________?

49 / 50

With free trade the total quantity of imports would equal ?

50 / 50

The policy cartel on debt reduction refers to the_______________?

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