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Economics Quiz 2

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Economics Quiz 2

1 / 50

When a country has a trade deficit it ?

2 / 50

The comparative advantage model of Ricardo was based on ?

3 / 50

Economists have hypothesized that the widening gap between the wages of unskilled workers and skilled workers may be due to ?

4 / 50

Which is most likely to cause a more even distribution of income ?

5 / 50

The writers of the Constitution intended the president to have________________?

6 / 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 ?

7 / 50

The term Cartel refers to ?

8 / 50

LIFO (last in, first out) means ?

9 / 50

By practicing price discrimination, the firm would realize profits totaling ?

10 / 50

A value of 1 in Gini index represents ?

11 / 50

Which of the following is the largest producer of cooper ?

12 / 50

Based on Mankiw Romer and Weil (1992) with conditional convergence holding fertility rates, education and government spending as a share of GDP constant ?

13 / 50

Pakistan is the _____largest Chickpea Producer country in the world ?

14 / 50

In the United States a college degree is generally associated with_____________?

15 / 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 ?

16 / 50

The government levying taxes on polluters or charging a surcharge for pesticide use are ?

17 / 50

What can a government do to increase demand in its economy ?

18 / 50

A(n) _____ are computerized collections of information obtained from data sources within the company ?

19 / 50

The succession of stages in Jean Piaget,s model of cognitive development is_______________?

20 / 50

The third function of the legislative branch is________________?

21 / 50

What is meant by the public sector ?

22 / 50

An increase in the demand for a firm?s output ?

23 / 50

A number of celebrities in the entertainment world have been married five or six times They may be said to have had ?

24 / 50

Macroeconomics deals with?

25 / 50

If there are implicit costs of production ?

26 / 50

Which city in Germany has the distinction of housing the first car manufacturing plant in the world ?

27 / 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 ?

28 / 50

Rates of poverty tend to be highest among_______________?

29 / 50

The blended family______________?

30 / 50

What is the share of Baluchistan in the total population of Pakistan ?

31 / 50

According to the simple Keynesian view the aggregate supply curve is ?

32 / 50

Market equilibrium exists when _________ at the prevailing price?

33 / 50

At what rate (average) agriculture grew over the last decade ?

34 / 50

When the stock market is rising it is ?

35 / 50

One conclusion that may be drawn regarding American foreign policy is that________________?

36 / 50

An index of prices of all domestically produced goods in the economy is the ?

37 / 50

Peasants are ?

38 / 50

Use of Borom and Zink can improve ?

39 / 50

Absence of body contact and stimulation in infants inhibits_______________?

40 / 50

Blue chip company is used in the context of general equities. What does it refer ?

41 / 50

The total quantity of goods and services produced (or supplied) in an economy in a given period is ?

42 / 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 ?

43 / 50

When internal economies of scale occur ?

44 / 50

For equilibrium in an open four sector economy ?

45 / 50

Aggregate demand without a foreign sector is the sum of ?

46 / 50

The unemployment rate is the ?

47 / 50

LDCs often have a comparative advantage in the production of ?

48 / 50

_______ states that as real GNP per capita rises, people demand relatively more social goods and relatively fewer private goods?

49 / 50

Which is NOT a theoretical perspective on international relations_______________?

50 / 50

Gross Domestic Product (GDP) is__________________?

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