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Economics Quiz 27

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Economics Quiz 27

1 / 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 ?

2 / 50

The demand for which of the following is likely to be the most price inelastic ?

3 / 50

A graph showing all the combinations of capital and labor that can used to produce a given amount of output is ?

4 / 50

If the Keynesian consumption function is C = 10 + 0.8 Td when disposable income is Rs1000 the marginal propensity to consume is what ?

5 / 50

Menu costs in relation to inflation refers to ?

6 / 50

A contraction in supply occurs when ?

7 / 50

If the marginal revenue is Positive ?

8 / 50

Refer to Exhibit 4. If a tax is placed on the product in this market consumer surplus is the area ?

9 / 50

The marginal rate of tax paid is ?

10 / 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 ?

11 / 50

Which of the following is an agricultural produce of Taiwan ?

12 / 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 ?

13 / 50

The economic participant who decides how to use the factors of production and for what purpose in called a________________?

14 / 50

The merging of majority and minority groups as happened in Brazil is called_______________?

15 / 50

A higher GDP per capita may not means that the quality of life has really improved because ?

16 / 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 ?

17 / 50

Macroeconomics is the study of ?

18 / 50

Externalities are a problem only if ?

19 / 50

The Choice between high markups and high volume is part of which of the following retailer marketing decisions ?

20 / 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 ?

21 / 50

An increase in investment is most likely to be caused by ?

22 / 50

If a firm has some degree of market power, then output price ?

23 / 50

According to the differential association theory deviant acts are_________________?

24 / 50

For perfect competition to work there must be ?

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

Which of the following country did not experience large capital flights from 1976 to 1984 ?

27 / 50

Which of the following best describes the rate of growth in productivity in the United states over the last fifty years ?

28 / 50

Refer to Exhibit 4. If a tax is placed on the product in this market, producer surplus is the area?

29 / 50

How are presidential programs funded ?

30 / 50

History is often NOT considered a social science because_______________?

31 / 50

Net taxes are ?

32 / 50

If Pakistan?s incomes rise faster than those in most other countries the the exchange value will tend to ?

33 / 50

In terms of the demand for money the interest rate represents ?

34 / 50

Total land area of Khyber Pakhtunkhwa comprises of 10.2 mha (25.20 million acres), out of which nearly ________ are cultivated?

35 / 50

Economic profit is equal to total revenue minus ?

36 / 50

The Bank of England and the Federal Reserve ?

37 / 50

One of the perceived advantages of suburban living is_______________________?

38 / 50

Conflicts between different levels of the same channel of distribution are referred to as ?

39 / 50

Which of the following iron has got the highest carbon content ?

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

Which statistical factor is used to convert current currency purchasing power into inflation adjusted purchasing power ?

42 / 50

Durkheim,s approach to religion involved the opposed concepts of_________________?

43 / 50

The social sciences have no laws because ?

44 / 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 ?

45 / 50

A perfectly competitive market has ?

46 / 50

An increase in the price of beef providers information which ?

47 / 50

The poorest region of the World is ?

48 / 50

Aggregate demand in an economy trading internationally with a government sector can be written as ?

49 / 50

The poverty trap refers to ?

50 / 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 ?

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