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Economics Quiz 29

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Economics Quiz 29

1 / 50

Societies in which ascribed statuses have been prevalent include______________?

2 / 50

If a firm wage costs increase this will cause __________ and __________?

3 / 50

Workers in Western Europe enjoy a high standard of living because ?

4 / 50

Inferior goods have _________ and luxury goods have _________?

5 / 50

If input price prices adjusted very rapidly to output prices as classical economists argue the Philips curve would be ?

6 / 50

Democracy is based on_______________?

7 / 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 __________?

8 / 50

In monopolistic competition ?

9 / 50

Treasury bill is used for_________________?

10 / 50

A primary reason that explains the appreciation in the value of U.S dollar would be ?

11 / 50

If employees cannot accept a job because of the costs of moving this is known as ?

12 / 50

If a product is a vablen good ?

13 / 50

A three day cooling off period in which buyers can cancel a contract after re-thinking it is to protect the consumer from ?

14 / 50

What was the third sheep producing country ?

15 / 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 ?

16 / 50

Which province of Pakistan is the largest sugarcane producing province ?

17 / 50

An example of a category would be_____________?

18 / 50

Craftsmen foremen secretary?s office workers belong to the________________?

19 / 50

Concerning tariff policy, the United States does not charge?

20 / 50

Which of the following professionals is most likely to be able to generate the income of a superstar ?

21 / 50

How is termed the ability to buy ?

22 / 50

Refer to Exhibit 4. If there is no tax placed on the product in this market, producer surplus is the area ?

23 / 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 ?

24 / 50

What is a Debenture ?

25 / 50

The nation that the government can establish the macroeconomic is known as ?

26 / 50

A straight-line diagram can be drawn knowing the ________ and ________?

27 / 50

Growth maximization is the same as ?

28 / 50

Comparative advantage is determined by ?

29 / 50

The OPEC oil cartel ?

30 / 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 ?

31 / 50

Extraction of raw materials occurs in which sector of the economy ?

32 / 50

When a predominantly foreign government is overthrown the revolution is called_______________?

33 / 50

Guddu Barrage was constructed on ?

34 / 50

A competitive profit-maximizing firm should hire workers up to the point where ?

35 / 50

Policies to encourage productivity do not include ?

36 / 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 ?

37 / 50

A borrower gives to creditor a security to grantee repayment of a loan. What is this security called ?

38 / 50

If the state Bank of Pakistan wished to pursue an expansionary monetary policy it would ?

39 / 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 ?

40 / 50

What were the goals of the Constitutional Convention ?

41 / 50

The best way to achieve economic growth is to ?

42 / 50

In which capacity does a person stand to gain from deflation ?

43 / 50

Future generations will have to pay interest on the current debt because______________?

44 / 50

The percentage of men filing divorce petitions is________________?

45 / 50

A lake is polluted The fish in it die The algae make unpleasant odors It may be said that__________________?

46 / 50

The largest number of Latinos come form_______________?

47 / 50

As of the late 1990s________________?

48 / 50

The reduction or covering of foreign exchange risk is called ?

49 / 50

In the short run, if the price is above average total cost in a monopolistically competitive market, the firm makes ?

50 / 50

What is the period of Rabi season ?

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