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Economics Quiz 23

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Economics Quiz 23

1 / 50

Which of the following is NOT one of the problems facing most developing nations ?

2 / 50

Less demand in the economy may increase unemployment; this may lead to less spending which may reduce demand further. This is called ?

3 / 50

The response lag of stabilization policy represents ?

4 / 50

If imports licenses are auctioned off to domestic importers in competitive market their scarcity value (revenue effect) accrues to ?

5 / 50

Traditionally companies have defined their business in product terms or in technological terms however mission statements should be all of the following EXCEPT ?

6 / 50

Which of the following firms is most likely to spend a large percentage of their revenue on advertising ?

7 / 50

Which of the following is a problem for fiscal policy in a currency union ?

8 / 50

Child abuse___________________?

9 / 50

Reducing involuntary unemployment ?

10 / 50

Which economics term describes the takeover of one textile manufactures by another ?

11 / 50

International difference is opportunity costs lead to countries acquiring ?

12 / 50

Political control_____________?

13 / 50

Import substitution is an example of ?

14 / 50

The behavior of an individual firm is part of_______________?

15 / 50

Descriptive statistics_______________?

16 / 50

Cooley?s Lookingglass self refers to______________________?

17 / 50

Which of the following is an example of tragedy of commons ?

18 / 50

By ?dependent relations? globalists mean_______________?

19 / 50

How is termed the legal proceeding in which debtor remains unable to pay his creditors in full ?

20 / 50

Which of the following expenditures to enhance productivity is most likely to emit a positive externality ?

21 / 50

Evidence suggests that the price elasticity of demand for motoring is ?

22 / 50

The transitional period between the dominance of one party or another is called_______________?

23 / 50

Nearly _______ of land is cultivated through tube-wells ponds and rain water?

24 / 50

Language____________?

25 / 50

Publics and public opinion________________?

26 / 50

The nuclear family form is also called________________?

27 / 50

The first airplane was a (n)________________?

28 / 50

The law of demand implies that ?

29 / 50

Refer to Exhibit 6. Suppose the economy is Operating in long-run equilibrium at point E. An unexpected monetary contraction will move the economy in the direction of point ?

30 / 50

A mixed economy ?

31 / 50

Demand curves are derived while holding constant ?

32 / 50

The ?New Class? is characterized as consisting of______________?

33 / 50

National Income is essentially composed of ?

34 / 50

Which of the following is true regarding tradable pollution permits and Pigouvian taxes ?

35 / 50

Which of the following countries is known as sugar bowl ?

36 / 50

What is gross domestic product (GDP) ?

37 / 50

When economists say that people act rationally in their self interest, they mean that individuals _______?

38 / 50

Coffee requires hot and moist climate and grows best on slopes which of the following countries is leading in coffee production?

39 / 50

During the post-world War II era?

40 / 50

I = S + F The equation above states that a country can increase its new capital formation (or investment) through is ?

41 / 50

In the context of contracts, what refers to secret payments made to ensure that the contract goes to a specific firm ?

42 / 50

Which of the following is not a barrier to entry in a monopolized market ?

43 / 50

Galbraith?s idea that firms are controlled by a technostructure supports _________ theories?

44 / 50

Who is a ?Lame Duck? in a stock market ?

45 / 50

It is difficult to determine if the velocity of money is constant over time because ?

46 / 50

The total land area of Baluchistan is 34.7 mha (or 85.74 million acres), out of which only ____ are cultivated?

47 / 50

Which is the second largest staple food crop in Pakistan ?

48 / 50

Which term is used for an engagement in risky business with the idea of making a large profit in short time ?

49 / 50

Which factor contributes most to the recurring food shortages in Africa ?

50 / 50

Policies to reduce unemployment by reducing union power, tax cuts, reductions in unemployment benefit and investment subsidies are examples of ?

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