Economics Quiz 18
1 / 50
The density of population in Baluchistan is ?
2 / 50
An example of a basic pivotal institution is_____________?
3 / 50
Which of the following should cause the price of a share of stock to rise ?
4 / 50
The Coase theorem states that ?
5 / 50
A general in an army chart of command positions would constitute a______________?
6 / 50
A tax on petrol is likely to ?
7 / 50
The jobs of the future will include______________?
8 / 50
The term ?Dumping? means ?
9 / 50
Pakistan is the _____largest Producer country in the world?
10 / 50
Anger is_______________?
11 / 50
A detailed investigation of a single social unit in order to study it in depth is______________?
12 / 50
Which of the following will not shift a country?s production possibilities frontier outward ?
13 / 50
Who among the following is most benefited from inflation ?
14 / 50
In the short run the level of floating exchange rates is determined mainly by ?
15 / 50
Comparing a monopoly and competitive firm, the monopolist will ?
16 / 50
What is called interest payments plus repayments of principal to creditors ?
17 / 50
A seller of goods or services writes a bill that is submitted to a purchaser for payment. What this bill is called?
18 / 50
According to the Office of National Statistics UK, a husband who chooses to stay home and take care of household is ?
19 / 50
If the price of good is equal to the equilibrium price ?
20 / 50
According to the law of demand. When ?
21 / 50
If the income tax rate changes from 30% to 40% on income over Rs30,000 and a person?s income is Rs 31,000 then her marginal tax rate is ?
22 / 50
Naila owns a small pottery factory. She can make 1000 pieces of pottery per year and sell them for Rs 100 each. It costs Naila Rs 20,000 for the raw materials to produce the 1,000 pieces of pottery She has invested Rs100,000 in her factory and equipment: Rs50,000 from her savings and Rs50,000 borrowed at 10 per cent. (Assume that she could have loaned her money out at 10 her per cent, too) Naila can work at a competing pottery factory for Rs40,000 per year. The economics profit at Naila?s pottery factory is ?
23 / 50
Throughout the 1800?s Russia was interested in acquiring Turkey mainly because Russia wanted ?
24 / 50
Which of the following is a form of international reserve assets, created by IMF in 1967 whose value is based on a portfolio of widely used currencies ?
25 / 50
Black volcanic soil and tropical climate is most suitable without excess rainfall for which crop ?
26 / 50
During the 1980s and 1990s the economic policies of China, supported by Deng Xiaoping have led directly to______________??
27 / 50
Which is the largest cotton producing country in the world ?
28 / 50
Love of money peace and God are American ?
29 / 50
Suburban growth was based on___________________?
30 / 50
The total forest area of Pakistan is estimated at ?
31 / 50
In monopoly in long run equilibrium ?
32 / 50
In the presences of purchasing power parity, if one-dollar exchanges for 2 British pounds and if a DVD player costs $400 in the United States then in Britain the DVD player should cost ?
33 / 50
The type of sales presentation approach that requires good listening and problem-solving skills is the ?
34 / 50
As the wage rate per hour increases, the opportunity cost of leisure ?
35 / 50
Suppose there is an increase in both the supply and demand for personal computers. In the market for personal computers, we would expect?
36 / 50
In autarky, when a community maximizes its standard of living its production point is ?
37 / 50
The share of sugarcane crop in value added in agriculture is 6.3 percent What is the share in GDP ?
38 / 50
Rawls?s suggestion that policy should be directed at maximizing the welfare of the least well off person in society is derived from ?
39 / 50
A condition of normlessness and separation from legitimate modes of behavior is termed___________?
40 / 50
Hard currency is defined as ?
41 / 50
In the Px = export price index, Pm = import price index, Qx = export quantity index,and Qm = import quantity index. Developing countries tend to maintain that their commodity term of trade have declined over the long run suggesting that _________ has declined?
42 / 50
An example of an indirect tax is ?
43 / 50
The natural rate of output is the amount of real GDP produced ?
44 / 50
For the oil-importing countries, the increase in oil prices in 1970s and early 2000s contributed to all of the following except ?
45 / 50
Potential GDP is the level of aggregate output ?
46 / 50
The largest producer of Tobacco in the world is ?
47 / 50
When people?s beliefs about the inferiority of a certain group undergo change the process is called________________?
48 / 50
?Future shock?is____________?
49 / 50
Unions tend to increase the disparity in pay between insiders and outsiders by ?
50 / 50
The extent to which a change in the exchange rate leads to changes in import and export prices is known as the ?
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