Economics Quiz 2
1 / 50
A value of 1 in Gini index represents ?
2 / 50
By practicing price discrimination, the firm would realize profits totaling ?
3 / 50
Which is NOT a theoretical perspective on international relations_______________?
4 / 50
The succession of stages in Jean Piaget,s model of cognitive development is_______________?
5 / 50
Blue chip company is used in the context of general equities. What does it refer ?
6 / 50
LDCs often have a comparative advantage in the production of ?
7 / 50
_______ states that as real GNP per capita rises, people demand relatively more social goods and relatively fewer private goods?
8 / 50
What can a government do to increase demand in its economy ?
9 / 50
Market equilibrium exists when _________ at the prevailing price?
10 / 50
The comparative advantage model of Ricardo was based on ?
11 / 50
According to the simple Keynesian view the aggregate supply curve is ?
12 / 50
When a country has a trade deficit it ?
13 / 50
Because people?s income vary other the life cycle and because there are transitory shocks to people?s incomes the standard measures of income distribution ?
14 / 50
Government granted monetary assistance to a person or a group in support of an enterprise regarded as being in public interest. This is called subsidy. Point out the statement which is also a subsidy ?
15 / 50
The writers of the Constitution intended the president to have________________?
16 / 50
Use of Borom and Zink can improve ?
17 / 50
Based on Mankiw Romer and Weil (1992) with conditional convergence holding fertility rates, education and government spending as a share of GDP constant ?
18 / 50
An increase in the demand for a firm?s output ?
19 / 50
Which city in Germany has the distinction of housing the first car manufacturing plant in the world ?
20 / 50
For equilibrium in an open four sector economy ?
21 / 50
A country has a comparative advantage in the production of a product if the good?s _____ cost in different from the good?s _____ cost in another country ?
22 / 50
The third function of the legislative branch is________________?
23 / 50
In the United States a college degree is generally associated with_____________?
24 / 50
Macroeconomics deals with?
25 / 50
A number of celebrities in the entertainment world have been married five or six times They may be said to have had ?
26 / 50
When the stock market is rising it is ?
27 / 50
Gross Domestic Product (GDP) is__________________?
28 / 50
Which of the following is the largest producer of cooper ?
29 / 50
Peasants are ?
30 / 50
An index of prices of all domestically produced goods in the economy is the ?
31 / 50
A(n) _____ are computerized collections of information obtained from data sources within the company ?
32 / 50
Aggregate demand without a foreign sector is the sum of ?
33 / 50
The government levying taxes on polluters or charging a surcharge for pesticide use are ?
34 / 50
At what rate (average) agriculture grew over the last decade ?
35 / 50
The unemployment rate is the ?
36 / 50
Economists have hypothesized that the widening gap between the wages of unskilled workers and skilled workers may be due to ?
37 / 50
Absence of body contact and stimulation in infants inhibits_______________?
38 / 50
The blended family______________?
39 / 50
If there are implicit costs of production ?
40 / 50
The total quantity of goods and services produced (or supplied) in an economy in a given period is ?
41 / 50
Assume that the real income of developing Island increases from $120,000 to $160,000 from 2005 to 2006 while its population expands from 1000 to 1100 during the same period Real income per capita has increased by about ?
42 / 50
Rates of poverty tend to be highest among_______________?
43 / 50
What is the share of Baluchistan in the total population of Pakistan ?
44 / 50
When internal economies of scale occur ?
45 / 50
What is meant by the public sector ?
46 / 50
One conclusion that may be drawn regarding American foreign policy is that________________?
47 / 50
Pakistan is the _____largest Chickpea Producer country in the world ?
48 / 50
The term Cartel refers to ?
49 / 50
LIFO (last in, first out) means ?
50 / 50
Which is most likely to cause a more even distribution of income ?
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