Economics Quiz 27
1 / 50
If a firm has some degree of market power, then output price ?
2 / 50
There is method by which one currency is bought, sold or valued in terms of other currencies, gold or accounting units such as the Special Drawing Right of IMF. What is it called ?
3 / 50
The merging of majority and minority groups as happened in Brazil is called_______________?
4 / 50
The Bank of England and the Federal Reserve ?
5 / 50
How are presidential programs funded ?
6 / 50
Aggregate demand in an economy trading internationally with a government sector can be written as ?
7 / 50
Durkheim,s approach to religion involved the opposed concepts of_________________?
8 / 50
A perfectly competitive market has ?
9 / 50
Menu costs in relation to inflation refers to ?
10 / 50
The economic participant who decides how to use the factors of production and for what purpose in called a________________?
11 / 50
One source of inefficiency in monopolistic competition is that since price is above marginal cost, some units are not produced that buyers value in ?
12 / 50
The demand for which of the following is likely to be the most price inelastic ?
13 / 50
History is often NOT considered a social science because_______________?
14 / 50
Suppose the economy is initially in long run equilibrium Then suppose there is a drought that destroys much of the wheat crop if policymakers allow the economy to adjust to long-run equilibrium on its own, according to the model to aggregate demand and aggregate supply what happens to prices and output in the long run ?
15 / 50
An increase in the price of beef providers information which ?
16 / 50
Which of the following is an agricultural produce of Taiwan ?
17 / 50
Which of the following iron has got the highest carbon content ?
18 / 50
According to the differential association theory deviant acts are_________________?
19 / 50
Total land area of Khyber Pakhtunkhwa comprises of 10.2 mha (25.20 million acres), out of which nearly ________ are cultivated?
20 / 50
Net taxes are ?
21 / 50
A higher GDP per capita may not means that the quality of life has really improved because ?
22 / 50
Economic profit is equal to total revenue minus ?
23 / 50
If Pakistan?s incomes rise faster than those in most other countries the the exchange value will tend to ?
24 / 50
The marginal rate of tax paid is ?
25 / 50
A contraction in supply occurs when ?
26 / 50
The poorest region of the World is ?
27 / 50
Annual GNP growth of 6% poverty reduced by 1% point of the population Balance of payments deficit not in excess of $200 million For a planner, the above are ?
28 / 50
James Pickett J.Forsyth, and N. S McBain on the basis of field research in Africa, concluded that business people often want to use the most advanced design without knowing that it may not be the most profitable. They attribute this attitude to ?
29 / 50
Macroeconomics is the study of ?
30 / 50
In terms of the demand for money the interest rate represents ?
31 / 50
The social sciences have no laws because ?
32 / 50
An increase in investment is most likely to be caused by ?
33 / 50
Conflicts between different levels of the same channel of distribution are referred to as ?
34 / 50
If the marginal revenue is Positive ?
35 / 50
The poverty trap refers to ?
36 / 50
If the Keynesian consumption function is C = 10 + 0.8 Td when disposable income is Rs1000 the marginal propensity to consume is what ?
37 / 50
If a person who works in coal mine gets paid more than a person with a similar background and skills who works in a safer job, then ?
38 / 50
A graph showing all the combinations of capital and labor that can used to produce a given amount of output is ?
39 / 50
For perfect competition to work there must be ?
40 / 50
Suppose a wave of investor and consumer pessimism in the USA causes a reduction in spending If the US federal Reserve (Which has a broader remit than the Bank of England Which is charged only with controlling inflation) chooses to engage in activist stabilization policy it should ?
41 / 50
One of the perceived advantages of suburban living is_______________________?
42 / 50
Externalities are a problem only if ?
43 / 50
Refer to Exhibit 4. If a tax is placed on the product in this market, producer surplus is the area?
44 / 50
According to Supply-side economists. if taxes are cut so that people have an increased incentive to work and businesses have an increased incentive to invest ?
45 / 50
To maintain its economic position, Japan has often limited the number of cars or the quantity of farm products that the United States can sell in Japan Japan has imposed these limits to develop ?
46 / 50
Which statistical factor is used to convert current currency purchasing power into inflation adjusted purchasing power ?
47 / 50
Which of the following country did not experience large capital flights from 1976 to 1984 ?
48 / 50
Which of the following best describes the rate of growth in productivity in the United states over the last fifty years ?
49 / 50
Refer to Exhibit 4. If a tax is placed on the product in this market consumer surplus is the area ?
50 / 50
The Choice between high markups and high volume is part of which of the following retailer marketing decisions ?
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