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Economics Quiz 16

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Economics Quiz 16

1 / 50

When did the United States government begin to function as a cohesive unit ?

2 / 50

Cotton accounts for 11.5 percent of value added in agriculture. How much it accounts in GDP ?

3 / 50

If nominal GDP in 2005 exceeds nominal GDP in 2004, then the production of output ?

4 / 50

In the present national power is based on________________?

5 / 50

Relatively high real interest rates in the United States tend to ?

6 / 50

When supply and demand are essentially equal the economy is said to be in________________?

7 / 50

A common resource is ?

8 / 50

For the Central bank to keep the interest rat unchanged as the government increase spending, the Central Bank must continue to ?

9 / 50

The most recent social movements________________?

10 / 50

Suppose that 40 percent of the voting population wish to spent Rs1,000 for artwork in City Hall, 25 percent wish to spent Rs20,000 and 35 percent wish to spend Rs 22,000 What is the median preferred outcome, the average preferred outcome and the modal preferred outcome ?

11 / 50

When firms enter a monopolistically competitive market and the business-stealing externality is larger than the product-variety externality then ?

12 / 50

A state planning ideology arose in LDCs as a reaction to nationalist perceptions of ?

13 / 50

Because supply and demand conditions for primary products are very price inelastic their prices ?

14 / 50

If a buyer?s willingness to pay for a new Honda is Rs20,000 and she is able to actually buy it for Rs18,000 her consumer surplus is ?

15 / 50

Privatisation is the transfer out ?

16 / 50

In countries such as Iran and Iraq the Moslem religion is a(n)_______________?

17 / 50

Abraham Maslow and Carl Rogers are associated with the following theories of personality.

18 / 50

Which of the following is not true about how people make decisions ?

19 / 50

Economics say that there has to be some from of rationing whenever ?

20 / 50

According to the quantity theory of money an increase in the money supply is most likely to lead to inflation if ?

21 / 50

All of the following are types of imperfect competition except ?

22 / 50

What is called the price that a potential buyer is willing to pay for a security ?

23 / 50

Group of Singapore, Hong, Kong, Taiwan, and south Korea is called?

24 / 50

High and persistent inflation is caused by ?

25 / 50

Deadweight loss is greatest when ?

26 / 50

The Phillips curve shows the relationship between inflation and what ?

27 / 50

Form society?s point of view, society would be better off if a monopolist ?

28 / 50

Concerning dumping, which of the following is true ?

29 / 50

When one country provides most favored nation status (normal trade relations) for another, it agrees to ?

30 / 50

Which of the following is a normative statement in economics ?

31 / 50

A form of treatment for severe mental disorders that has been largely abandoned is_____________?

32 / 50

Which of the following would fit Charles Horton Cooley?s classification of a primary group ?

33 / 50

When gathering data, the scientist is required to exhibit all BUT which one of the following traits ?

34 / 50

Social scientists explain the incest taboo as_______________?

35 / 50

The purpose of the Bill of Rights is to_________________?

36 / 50

The golden-rule saving rate is the rate of saving that ?

37 / 50

Secularization will_______________?

38 / 50

Macroeconomics is the branch of economics that deals with ?

39 / 50

A(n) _____ is a retail store that carries a narrow product line with a deep assortment within that line ?

40 / 50

Which province of Pakistan is the largest tobacco producing province ?

41 / 50

Which one of the following types of Unemployment results from the wage being held above the competitive equilibrium wage ?

42 / 50

An increase in costs will ?

43 / 50

The annual requirement of edible oil is nearly ?

44 / 50

The most common form of marriage today is_______________?

45 / 50

Arguments for free trade are sometimes disregarded by politicians because ?

46 / 50

Social life is organized and structured through____________?

47 / 50

When an international seller sells a plant equipment or technology to another country and agrees to take payment in the resulting products, it is called?

48 / 50

Name the scale for measuring the average share price and percentage change of 30 major US industrial companies ?

49 / 50

Using government regulations to force a natural monopoly to charge a price equal to his marginal cost will ?

50 / 50

Nominal GNP measures income ?

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