Economics Quiz 3
1 / 50
_______ is quoted as saying that everyone lives by selling something?
2 / 50
By restricting labor supply a trade union can _____ and _______?
3 / 50
Who really owns the corporation? the_________________?
4 / 50
In monopolistic competition firms profit maximize where ?
5 / 50
The substitution effect of a rise in the price of labour will ____ the quantity of labour and the output, effect will ____ it
6 / 50
Refer to Exhibit 4. If there is no tax placed on the product in this market total surplus is the area ?
7 / 50
All systems of stratification display the following characteristics except_________________?
8 / 50
A sudden shift from import tariffs to free trade may induce short-term unemployment in ?
9 / 50
Organization differ from institutions in that________________?
10 / 50
Labor productivity is higher in DCs such as Japan and Germany than LDCs due to ?
11 / 50
In evaluating messages for advertising telling how the product is better than the competing brands aims at making the ad ?
12 / 50
If marginal costs equal average total costs ?
13 / 50
ocial change must be analyzed in terms of________________?
14 / 50
Which of the following countries is the leading producer of rice in the world ?
15 / 50
Which is an example of a pivotal social institution ?
16 / 50
A comparison of Japan?s policies before 1945 with the policies in effect after 1945 indicates that______________?
17 / 50
Which country produced the second most rubber ?
18 / 50
The failure of rising expectations is related to______________?
19 / 50
Which of the following must be true about a signal that is used to reveal private information in order for the signal to be effective ?
20 / 50
In the short run unemployment may fall below the natural rate of unemployment if ?
21 / 50
Power is legitimate if_________________?
22 / 50
Which trade theory contends that a country that initially develops and exports a new product may eventually become an importer of it and may no longer manufacture the product ?
23 / 50
When the decrease in the price of one good causes the demand for another good to decrease, the goods are_________?
24 / 50
The goal of integrated pest management (IPT) is to?
25 / 50
Total ?laissez-faire? is impossible because________________?
26 / 50
In the absence of trade, Canada?s equilibrium price and quantity equal ?
27 / 50
The Benazir Benefit income Scheme is a good example of ?
28 / 50
The openly unemployed in LDCs are usually from all of the following except ?
29 / 50
For the first time since World War I, in the mid-1980s the United States became a net international ?
30 / 50
What is Demand note ?
31 / 50
The result of antidumping tariffs is to ?
32 / 50
The shorter the ______ pass through period the ______ the desirable BOT effects of evaluation on quantities traded will appear ?
33 / 50
Which example of market expectations causes the dollar to appreciate against the yen? expectations that the U.S economy will have ?
34 / 50
There is no conclusive evidence that differences in the behavior of the two genders are due to______________?
35 / 50
?The largest group of people inhabiting a specific territory and sharing a common culture?is a definition of a_____________?
36 / 50
It is fairly certain that male and female brains________________?
37 / 50
Those who hold the classical view of the labor market are likely to believe that ?
38 / 50
Industrial societies are based on____________?
39 / 50
If a Big Mac hamburger sells for the same dollar value in New York as in London then ?
40 / 50
When a new nation is formed ?
41 / 50
The stages of the demographic transition model are_________________?
42 / 50
Two countries can gain from foreign trade if ?
43 / 50
The hypothesis is a statement of_____________?
44 / 50
-7-+47-+45-+-+Since people respond to incentives, we would expect that if the average salary of accountants increases by 50% while the average salary of teachers increase by 20% then ?
45 / 50
perfect international capital mobility suggests that international funds will be responsive to ________ differentials?
46 / 50
Male dominance is expressed_____________________?
47 / 50
Term a country?s decision to tie the value of its currency to another country?s currency gold or a basket of currencies ?
48 / 50
The Indus Water Treaty was mediated by ?
49 / 50
Urban families everywhere in the world_________________?
50 / 50
Public goods are difficult for a private market to provide due to ?
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