Economics Quiz 17

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Economics Quiz 17

1 / 50

A production subsidy that is granted to a producer of an import-competing good ?

2 / 50

Why has the growth of the German and Japanese economies after World War|| not been repeated in LDCs ?

3 / 50

Studies have found that__________________?

4 / 50

Anything that can be offered to a market for attention acquisition, use, or consumption that might satisfy a want or need is called a(n) ?

5 / 50

What is called the difference in the money value between exports and imports during the specific period of time ?

6 / 50

A negative externality generates ?

7 / 50

Burning your neighbor?s house down is considered a serious offense It is a violation of_____________?

8 / 50

Suppose that a Swiss television set that costs 400 francs in Switzerland cost $200 in the United States. The exchange rate between the franc and the dollar is ?

9 / 50

Which of the following brings about cultural change_________________?

10 / 50

International specialization takes place because of______________?

11 / 50

What is called the centers around the ability of a national economy to generate enough interests and principal on its foreign debt ?

12 / 50

An oligopoly with a dominant price leader will produce a level of output ?

13 / 50

When free trade areas are set up the member countries trade with each other grows faster than their trade with other countries This is due to what economist call ?

14 / 50

Schizophrenia is_______________?

15 / 50

Suppose that U.S dollar depreciates 70 percent against the yen yet Japanese export prices to Americans did not decrease by the full extent of the dollar depreciation. This is best explained by ?

16 / 50

The most efficient pollution control system would ensure that ?

17 / 50

A decrease in demand for a products should ?

18 / 50

The stock of knowledge, skills and talents that people possess is called ?

19 / 50

Real GDP is measured in __________ prices while nominal GDP is measured in _________ prices?

20 / 50

According to the trade theory of Staffan Linder trade tends to be most pronounced in manufactured goods when trading countries have ?

21 / 50

The relationship of organisms to their environments is called________________?

22 / 50

Space Satellite Badr II was launched on December 10, 2001 when Pakistan launched Pak Sat I ?

23 / 50

Which of the following is not part of a worker?s human capital ?

24 / 50

The study of a company?s accounting statements and future prospects to determine its value is known as ?

25 / 50

The Protestant Ethic supported capitalism through the religious doctrine that praised_________________?

26 / 50

Deviance that has not been discovered is called ?

27 / 50

The natural rate of unemployment is generally thought of as the ?

28 / 50

In contestable markets, large oligopolistic firms, end up behaving like ?

29 / 50

Total injection are made up of?

30 / 50

A _______ allows a specified number of goods to be imported each year, and it not specifies from where the product is shipped and who is permitted to import ?

31 / 50

Which of the following is Price of the last transaction of a particular stock completed during a day?s trading session on an exchange ?

32 / 50

Suppose a project results in a net stream of $200 per year for 4 years, but nothing thereafter, Assume that the discount rate is 5 percent. The discounted value of the total income stream over the 4-year period is ?

33 / 50

For a perfectly competitive firm ?

34 / 50

According to the Laffer curve, as tax rates increase tax revenue ?

35 / 50

Political control refers to________________?

36 / 50

Which country possesses the largest foreign exchange reserves in the world ?

37 / 50

A negative externality (that has not been internalized) causes the ?

38 / 50

The exchange rate is kept the same across geographically separate markets by ?

39 / 50

Name the method of inventory accounting in which the oldest remaining items are assumed to have been first sold ?

40 / 50

An increase in interest rates ?

41 / 50

The greatest advantage of a negative income tax is that it ?

42 / 50

The government is considering placing a tax on cigarettes to raise revenue to finance health-care benefits. The demand for cigarettes is price inelastic Which of the following statements is True ?

43 / 50

Malthus?s theory was that population ?

44 / 50

Goods that satisfy human wants though their direct use or consumption are called______________?

45 / 50

The instruments of foreign policy may be defined as_________________?

46 / 50

In terms of execution style a family seated at the dinner table enjoying the advertised product would be an example of which of the following types of advertising ?

47 / 50

The government engages in a technology policy ?

48 / 50

Which is an example of a subculture ?

49 / 50

If a nation?s interest rates are relatively low compared to those of other countries then the exchange value of its currency will tend to ?

50 / 50

If the marginal rate of tax is 40% and consumers income increase from Rs10,000 to Rs12,000 ?

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