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Economics Quiz 20

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Economics Quiz 20

1 / 50

The practice of going after a large share of a smaller market or subsets of a few markets is called ?

2 / 50

Societies with landed gentry and inherited titles resemble_________________?

3 / 50

To be Productively efficient a firm must produce where ?

4 / 50

Which of the following is an example of a culture complex ?

5 / 50

Name the country which is the largest producer of Dry Milk in the World is?

6 / 50

Which of the following is identified with the elitist view _____________?

7 / 50

The fact that services are sold, produced and consumed at the same time refers to which of the following service characteristics ?

8 / 50

indifference curves for perfect substitutes are ?

9 / 50

Which of the following factors has been suggest as an explanation for the lack of economic growth in many poor nations ?

10 / 50

The mass media especially TV have been_______________?

11 / 50

If GDP for Barbados is $260 million in 2011 and its population is 260,000 GDP per capita is ?

12 / 50

An increase in the wage rate ?

13 / 50

In the United States an example of a taboo is_______________?

14 / 50

The nuclear family is characteristic of industrial societies because______________?

15 / 50

If the EU imposes a quota on the importing of clothing produced in China, so reducing UK imports of clothing, which of the following is true regarding UK net exports ?

16 / 50

Which of the following countries leads in the production of sugar in the world ?

17 / 50

Criticisms of Rostow?s stages of development include ?

18 / 50

A pluralist in the U.S would maintain that___________________?

19 / 50

If a competitive firm is producing a level of output where marginal revenue exceeds marginal cost the firm could increase profit if it ?

20 / 50

Setting the promotion budget so as to match the budgets of the competition is characteristic of which of the following budget methods ?

21 / 50

Which is characteristic of a strictly closed society ?

22 / 50

Which of the following is NOT a characteristic of an upwardly mobile individual ?

23 / 50

Reducing inflation is a more important objective than economic growth is an example of ?

24 / 50

A competitive firm produces a level of output at which ?

25 / 50

PPP is ?

26 / 50

The amount today that would be needed, at prevailing interest rates, to produce a particular sum in the future is known as ?

27 / 50

?My country right or wrong? is an example of_______________?

28 / 50

Which of the following statements regarding the circular-flow diagram is true ?

29 / 50

Unemployment resulting from changes in the pattern of demand or supply in the economy is called _______ unemployment?

30 / 50

Effective branding will tend to make ?

31 / 50

The long run equilibrium level of national income is the level at which ?

32 / 50

Symbolic interaction ?

33 / 50

If a large number of individuals are affected by an external benefit, private bargaining will not work because of ?

34 / 50

In order to maximize profits, a monopoly company will produce that quantity at which the ?

35 / 50

All of the following are benefits of the single market except ?

36 / 50

Which soil is best suited for deep rooted crops ?

37 / 50

The state has the following relationship to force__________________?

38 / 50

Share prices will follow a random walk if ?

39 / 50

Percentage of total industry sales that a particular company controls is called ?

40 / 50

The monopolist?s supply curve ?

41 / 50

In the long run ?

42 / 50

Functionalists approach the state as a tool to________________?

43 / 50

The analysis considers the ability of domestic and foreign price of adjust to devaluation in the short run ?

44 / 50

Which of the following statements about price and marginal cost in competitive and monopolized markets is true ?

45 / 50

A secondary group is characterized by_________________?

46 / 50

The theory of suggests that government can assist domestic companies in capturing economic profits from foreign competitors ?

47 / 50

Which is NOT a theory of socialization into gender roles ?

48 / 50

The money supply is ?

49 / 50

The largest amount of trade with the United States in recent years has been conducted by ?

50 / 50

The main features of the European Monetary system are ?

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