Economics Quiz 27
1 / 50
History is often NOT considered a social science because_______________?
2 / 50
Menu costs in relation to inflation refers to ?
3 / 50
Refer to Exhibit 4. If a tax is placed on the product in this market consumer surplus is the area ?
4 / 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 ?
5 / 50
If Pakistan?s incomes rise faster than those in most other countries the the exchange value will tend to ?
6 / 50
One of the perceived advantages of suburban living is_______________________?
7 / 50
The poverty trap refers to ?
8 / 50
The merging of majority and minority groups as happened in Brazil is called_______________?
9 / 50
How are presidential programs funded ?
10 / 50
Which statistical factor is used to convert current currency purchasing power into inflation adjusted purchasing power ?
11 / 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 ?
12 / 50
The demand for which of the following is likely to be the most price inelastic ?
13 / 50
The Bank of England and the Federal Reserve ?
14 / 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 ?
15 / 50
Aggregate demand in an economy trading internationally with a government sector can be written as ?
16 / 50
Which of the following iron has got the highest carbon content ?
17 / 50
The marginal rate of tax paid is ?
18 / 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 ?
19 / 50
Which of the following best describes the rate of growth in productivity in the United states over the last fifty years ?
20 / 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 ?
21 / 50
If the marginal revenue is Positive ?
22 / 50
A graph showing all the combinations of capital and labor that can used to produce a given amount of output is ?
23 / 50
The Choice between high markups and high volume is part of which of the following retailer marketing decisions ?
24 / 50
The economic participant who decides how to use the factors of production and for what purpose in called a________________?
25 / 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 ?
26 / 50
Refer to Exhibit 4. If a tax is placed on the product in this market, producer surplus is the area?
27 / 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 ?
28 / 50
A higher GDP per capita may not means that the quality of life has really improved because ?
29 / 50
Total land area of Khyber Pakhtunkhwa comprises of 10.2 mha (25.20 million acres), out of which nearly ________ are cultivated?
30 / 50
Durkheim,s approach to religion involved the opposed concepts of_________________?
31 / 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 ?
32 / 50
Which of the following country did not experience large capital flights from 1976 to 1984 ?
33 / 50
If a firm has some degree of market power, then output price ?
34 / 50
If the Keynesian consumption function is C = 10 + 0.8 Td when disposable income is Rs1000 the marginal propensity to consume is what ?
35 / 50
The poorest region of the World is ?
36 / 50
For perfect competition to work there must be ?
37 / 50
Economic profit is equal to total revenue minus ?
38 / 50
In terms of the demand for money the interest rate represents ?
39 / 50
The social sciences have no laws because ?
40 / 50
According to the differential association theory deviant acts are_________________?
41 / 50
Externalities are a problem only if ?
42 / 50
Which of the following is an agricultural produce of Taiwan ?
43 / 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 ?
44 / 50
Net taxes are ?
45 / 50
An increase in the price of beef providers information which ?
46 / 50
Conflicts between different levels of the same channel of distribution are referred to as ?
47 / 50
Macroeconomics is the study of ?
48 / 50
An increase in investment is most likely to be caused by ?
49 / 50
A contraction in supply occurs when ?
50 / 50
A perfectly competitive market has ?
Provide Your Information
Your score is
The average score is 0%
Restart quiz