Economics Quiz 18
1 / 50
A condition of normlessness and separation from legitimate modes of behavior is termed___________?
2 / 50
?Future shock?is____________?
3 / 50
Which of the following should cause the price of a share of stock to rise ?
4 / 50
As the wage rate per hour increases, the opportunity cost of leisure ?
5 / 50
According to the Office of National Statistics UK, a husband who chooses to stay home and take care of household is ?
6 / 50
Suppose there is an increase in both the supply and demand for personal computers. In the market for personal computers, we would expect?
7 / 50
Hard currency is defined as ?
8 / 50
A general in an army chart of command positions would constitute a______________?
9 / 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 ?
10 / 50
The total forest area of Pakistan is estimated at ?
11 / 50
Throughout the 1800?s Russia was interested in acquiring Turkey mainly because Russia wanted ?
12 / 50
Anger is_______________?
13 / 50
In autarky, when a community maximizes its standard of living its production point is ?
14 / 50
If the price of good is equal to the equilibrium price ?
15 / 50
The term ?Dumping? means ?
16 / 50
The jobs of the future will include______________?
17 / 50
Who among the following is most benefited from inflation ?
18 / 50
According to the law of demand. When ?
19 / 50
The type of sales presentation approach that requires good listening and problem-solving skills is the ?
20 / 50
The Coase theorem states that ?
21 / 50
The natural rate of output is the amount of real GDP produced ?
22 / 50
The share of sugarcane crop in value added in agriculture is 6.3 percent What is the share in GDP ?
23 / 50
In monopoly in long run equilibrium ?
24 / 50
Comparing a monopoly and competitive firm, the monopolist will ?
25 / 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?
26 / 50
The largest producer of Tobacco in the world is ?
27 / 50
An example of a basic pivotal institution is_____________?
28 / 50
In the short run the level of floating exchange rates is determined mainly by ?
29 / 50
Potential GDP is the level of aggregate output ?
30 / 50
Unions tend to increase the disparity in pay between insiders and outsiders by ?
31 / 50
A seller of goods or services writes a bill that is submitted to a purchaser for payment. What this bill is called?
32 / 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 ?
33 / 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 ?
34 / 50
A detailed investigation of a single social unit in order to study it in depth is______________?
35 / 50
The extent to which a change in the exchange rate leads to changes in import and export prices is known as the ?
36 / 50
When people?s beliefs about the inferiority of a certain group undergo change the process is called________________?
37 / 50
What is called interest payments plus repayments of principal to creditors ?
38 / 50
The density of population in Baluchistan is ?
39 / 50
Black volcanic soil and tropical climate is most suitable without excess rainfall for which crop ?
40 / 50
During the 1980s and 1990s the economic policies of China, supported by Deng Xiaoping have led directly to______________??
41 / 50
Which is the largest cotton producing country in the world ?
42 / 50
Pakistan is the _____largest Producer country in the world?
43 / 50
For the oil-importing countries, the increase in oil prices in 1970s and early 2000s contributed to all of the following except ?
44 / 50
Suburban growth was based on___________________?
45 / 50
A tax on petrol is likely to ?
46 / 50
Love of money peace and God are American ?
47 / 50
Which of the following will not shift a country?s production possibilities frontier outward ?
48 / 50
An example of an indirect tax is ?
49 / 50
Rawls?s suggestion that policy should be directed at maximizing the welfare of the least well off person in society is derived from ?
50 / 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 ?
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