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Economics Quiz 18

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Economics Quiz 18

1 / 50

An example of a basic pivotal institution is_____________?

2 / 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 ?

3 / 50

Pakistan is the _____largest Producer country in the world?

4 / 50

According to the Office of National Statistics UK, a husband who chooses to stay home and take care of household is ?

5 / 50

Which of the following should cause the price of a share of stock to rise ?

6 / 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 ?

7 / 50

A general in an army chart of command positions would constitute a______________?

8 / 50

Which is the largest cotton producing country in the world ?

9 / 50

A condition of normlessness and separation from legitimate modes of behavior is termed___________?

10 / 50

The term ?Dumping? means ?

11 / 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 ?

12 / 50

Rawls?s suggestion that policy should be directed at maximizing the welfare of the least well off person in society is derived from ?

13 / 50

The density of population in Baluchistan is ?

14 / 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?

15 / 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 ?

16 / 50

Hard currency is defined as ?

17 / 50

?Future shock?is____________?

18 / 50

Anger is_______________?

19 / 50

If the price of good is equal to the equilibrium price ?

20 / 50

The largest producer of Tobacco in the world is ?

21 / 50

Throughout the 1800?s Russia was interested in acquiring Turkey mainly because Russia wanted ?

22 / 50

Unions tend to increase the disparity in pay between insiders and outsiders by ?

23 / 50

A seller of goods or services writes a bill that is submitted to a purchaser for payment. What this bill is called?

24 / 50

For the oil-importing countries, the increase in oil prices in 1970s and early 2000s contributed to all of the following except ?

25 / 50

The jobs of the future will include______________?

26 / 50

During the 1980s and 1990s the economic policies of China, supported by Deng Xiaoping have led directly to______________??

27 / 50

The share of sugarcane crop in value added in agriculture is 6.3 percent What is the share in GDP ?

28 / 50

Love of money peace and God are American ?

29 / 50

The type of sales presentation approach that requires good listening and problem-solving skills is the ?

30 / 50

Suburban growth was based on___________________?

31 / 50

The total forest area of Pakistan is estimated at ?

32 / 50

Comparing a monopoly and competitive firm, the monopolist will ?

33 / 50

The extent to which a change in the exchange rate leads to changes in import and export prices is known as the ?

34 / 50

Which of the following will not shift a country?s production possibilities frontier outward ?

35 / 50

The natural rate of output is the amount of real GDP produced ?

36 / 50

In autarky, when a community maximizes its standard of living its production point is ?

37 / 50

An example of an indirect tax is ?

38 / 50

As the wage rate per hour increases, the opportunity cost of leisure ?

39 / 50

Who among the following is most benefited from inflation ?

40 / 50

In the short run the level of floating exchange rates is determined mainly by ?

41 / 50

Black volcanic soil and tropical climate is most suitable without excess rainfall for which crop ?

42 / 50

What is called interest payments plus repayments of principal to creditors ?

43 / 50

The Coase theorem states that ?

44 / 50

In monopoly in long run equilibrium ?

45 / 50

A tax on petrol is likely to ?

46 / 50

A detailed investigation of a single social unit in order to study it in depth is______________?

47 / 50

According to the law of demand. When ?

48 / 50

Potential GDP is the level of aggregate output ?

49 / 50

Suppose there is an increase in both the supply and demand for personal computers. In the market for personal computers, we would expect?

50 / 50

When people?s beliefs about the inferiority of a certain group undergo change the process is called________________?

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