Economics Quiz 29
1 / 50
A competitive profit-maximizing firm should hire workers up to the point where ?
2 / 50
It is fact that there are 24 million left-handed people in the United States however most marketers do not attempt to appeal to or design products for this group because there is little in the way of census data about this is group Therefore, this groups fails in one of the requirements for effective segmentation Which of the following is most likely to apply in this case ?
3 / 50
Societies in which ascribed statuses have been prevalent include______________?
4 / 50
Craftsmen foremen secretary?s office workers belong to the________________?
5 / 50
As of the late 1990s________________?
6 / 50
A straight-line diagram can be drawn knowing the ________ and ________?
7 / 50
The best way to achieve economic growth is to ?
8 / 50
Concerning tariff policy, the United States does not charge?
9 / 50
Workers in Western Europe enjoy a high standard of living because ?
10 / 50
In the short run, if the price is above average total cost in a monopolistically competitive market, the firm makes ?
11 / 50
An example of a category would be_____________?
12 / 50
Policies to encourage productivity do not include ?
13 / 50
The reduction or covering of foreign exchange risk is called ?
14 / 50
In which capacity does a person stand to gain from deflation ?
15 / 50
The OPEC oil cartel ?
16 / 50
Suppose that the firms collude and become a cartel The best level of output for the cartel as a whole is ___________ the price equals __________ and profits total __________?
17 / 50
A borrower gives to creditor a security to grantee repayment of a loan. What is this security called ?
18 / 50
Inferior goods have _________ and luxury goods have _________?
19 / 50
In monopolistic competition ?
20 / 50
If the state Bank of Pakistan wished to pursue an expansionary monetary policy it would ?
21 / 50
What is a Debenture ?
22 / 50
Which of the following professionals is most likely to be able to generate the income of a superstar ?
23 / 50
Extraction of raw materials occurs in which sector of the economy ?
24 / 50
If the consumption of good by one person does not reduce the quantity available by others and nobody can be easily excluded from consumption, we are referring to a ?
25 / 50
What was the third sheep producing country ?
26 / 50
If the exchange rate between Swiss francs and British pounds is 5 francs per pound, then the number of pounds that can be obtained for 200 francs equals ?
27 / 50
The largest number of Latinos come form_______________?
28 / 50
If a firm wage costs increase this will cause __________ and __________?
29 / 50
Future generations will have to pay interest on the current debt because______________?
30 / 50
Democracy is based on_______________?
31 / 50
When a predominantly foreign government is overthrown the revolution is called_______________?
32 / 50
Roberto and Thomas live in a university hall of residence. Reberto values playing loud music at a value of ?100. Thomas values peace and quiet at a value of ?150. Which of the following statements is true about an efficient solution to this externality problem if Roberto has the right to play loud music and if there are no transaction costs ?
33 / 50
If a product is a vablen good ?
34 / 50
A lake is polluted The fish in it die The algae make unpleasant odors It may be said that__________________?
35 / 50
If input price prices adjusted very rapidly to output prices as classical economists argue the Philips curve would be ?
36 / 50
How is termed the ability to buy ?
37 / 50
What is the period of Rabi season ?
38 / 50
Growth maximization is the same as ?
39 / 50
A three day cooling off period in which buyers can cancel a contract after re-thinking it is to protect the consumer from ?
40 / 50
What were the goals of the Constitutional Convention ?
41 / 50
Which province of Pakistan is the largest sugarcane producing province ?
42 / 50
If a firm were to bid to do a turnkey operation where they would choose a building site designing a cement factory to build the plant hire construction crews assemble materials and equipment to run the new factory and turn over the finished factory ready to operate to the owners the firm would be using which of the following ?
43 / 50
If employees cannot accept a job because of the costs of moving this is known as ?
44 / 50
The percentage of men filing divorce petitions is________________?
45 / 50
Comparative advantage is determined by ?
46 / 50
A primary reason that explains the appreciation in the value of U.S dollar would be ?
47 / 50
Refer to Exhibit 4. If there is no tax placed on the product in this market, producer surplus is the area ?
48 / 50
Guddu Barrage was constructed on ?
49 / 50
The nation that the government can establish the macroeconomic is known as ?
50 / 50
Treasury bill is used for_________________?
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