Economics Quiz 21

Spending on motoring as a % of household expenditure in the UK shows that motoring is ?

In monopolistic competition firms achieve some degree of market power ?

Pakistan is the ___________ largest Cotton Producer country in the world?

In a recession, GDP ?

A normal rate of profit ?

If an advertiser wants flexibility timeliness good local market coverage broad acceptability, and high believability the advertiser will probably choose which of the following mass media types ?

With free trade suppose that the rest of the world can supply computers to Norway at a price of $1,500 Norway?s imports will now equal. Compared to What occurred in the absence of trade, Norway?s consumers surplus will _____ and its producer surplus will ____. Can you calculate these amounts? Try plotting the information of this table on a sheet of graph paper ?

For a normal good ?

The balance of trade can only worsen if income ____ relative to absorption ?

The factory system_________________?

In a recession a government ?

Suppose both buyers and sellers of wheat expect the price of wheat to rise in the near future. What would we expect to happen to the equilibrium price and quantity in the market for wheat today ?

Suppose an industry emits a negative externality such a pollution and the possible methods to internalize the externality are command-and-control policies, pigovian taxes, and tradable pollution permits. If economists were to rank these methods for internalizing a negative externality based on efficiency ease of implementation and the incentive for the industry to further reduce pollution in the future, they would probably rank them in the following order (from most favored to least favored) ?

The knowledge of how the blood circulates in the body is a(n)______________?

The view that the elderly lack social and material resources to reciprocate in relationships and consequently occupy a subservient status is the point of______________?

A company or corporation which was subsidiaries, investments or operation in more than one country is known as ?

Countries with chronic balance of payments deficits eventually need to borrow abroad often from the ________ as the lender of last resort?

When government employ cost-benefit analysis to help them decide whether to provide a public good, measuring benefits is difficult because ?

When a state experiences a foreign policy crisis_______________?

Which of the following countries leads in the production of Zinc ?

The world?s largest oil refinery of the world is located at ?

Developing countries, if compared with other countries, have ?

Which of the following activities is most likely to produce an externality?

Gentrification is the trend of__________________?

In the U.S the military is________________?

The law of supply states that an increase in the price of a good ?

The place in the business buying behavior model where interpersonal and individual influences might interact is called the ?

For the United States automobiles are ?

The development of high-yielding varieties (HYVs) of wheat and rice is known as ?

The hormone associated with male traits and aggression is_______________?

In a competitive market, which of the following is least, likely to be the source of a persistent discriminatory wage differential ?

An example of polytheism is________________?

Deregulation is the reduction of government?s role in controlling markets. Which of the following is result(s) of deregulation ?

In the long run in perfect competition ?

If two countries A and B are member of a currency union and there is a shift in consumer preferences away from the goods of country A and towards those of country B than which one of the following would help to offset the effect of the resulting changes in aggregate demand in A and B on inflation and unemployment in the tow countries ?

An outward shift of the production possibility frontier may be caused by ?

Religions__________________?

Which of the following statement is NOT true about state owned enterprises (SOEs) ?

The Faisalabad is also known as ?

The equilibrium inflation rate is determined by the intersection of _____ and _____?

Which of the following countries is the leading producer of rice ?

If culture is comparable to a script for a play then______________?

JCB (Which makes agricultural and construction equipment) has the opportunity to purchase a new factory today that will provide them with a Rs50 million return four years from now If prevailing interest rates are 6 percent, what is the maximum that the project can cost for JCB to be willing to undertake the project ?

The Essay on the Principle of Population was written by ?

Real GDP is nominal GDP measured in constant ?

The profit per sale is a measure of ?

Identify below what does NOT affect productivity ?

Under a system of floating exchange rates the pound would depreciate in value if there occurs ?

What is called that debt obligation backed strictly by the borrower?s integrity ?

Simon?s model is consistent with ?