Economics Quiz 30
1 / 50
A reduction in the money supply is likely to ?
2 / 50
Entities such as the U.N and the European Economic Community (Common Market) are classed as_____________?
3 / 50
The female role as a passive and domestic creature may be conditioned by_______________?
4 / 50
The Truman Doctrine Marshall Plan and NATO are characteristic of which period ?
5 / 50
A bank has excess reserves to lend but is unable to find anyone to borrow the money This will _________ the size of the money multiplier?
6 / 50
When supply exceeds demand, sellers must lower prices to stimulate sales, when demand exceeds supply, prices increase as buyers compete to buy goods. What this theory is called in economics?
7 / 50
Which industrialization policy have developing countries used which places emphasis on the comparative advantage principle as a guide to resource allocation ?
8 / 50
All the following are types of monetary policy expect ?
9 / 50
Globalism___________________?
10 / 50
If banks and the private sector decide to hold less cash the money multiplier will be ?
11 / 50
The largest producer of Natural gas in the world is _____?
12 / 50
The foremost advantage of a corporation is its_____________?
13 / 50
Refer to Exhibit 4. If a tax is placed on the product in this market. deadweight loss is the area ?
14 / 50
A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle ?
15 / 50
Knowing the workings of a car engine represents which kind of knowledge ?
16 / 50
What term is given to unemployment caused by a downturn in the business cycle ?
17 / 50
An increase in the price of a good along a stationary demand curve ?
18 / 50
The optimal level of provision of public goods is where society total willingness to pay per unit is equal to the ?
19 / 50
The shift toward imperfectly competitive markets in domestic and international trade the concept of ?
20 / 50
If a nation?s interest rates are relatively low compared to those of other countries. then the exchange value of its currency will tend to ?
21 / 50
When did Pakistan Meteorological Department Successfully experimented artificial rainfall in Thar (Sindh) ?
22 / 50
That the division of labor is limited by the size of the market best applies to which explanation of trade ?
23 / 50
The booming of North Seas? gas export revenues in the 1970s that appreciated the guilder, making industrial export more costly in foreign currencies and increasing foreign competition and unemployment is known as ?
24 / 50
Marginal revenue is ?
25 / 50
Which statement is wrong regarding diplomacy? It_____________?
26 / 50
Approximately how many people inhabit the earth ?
27 / 50
Royal Dutch Shell Oil Co has branches in Holland Britain the United States and France This kind of corporation is called__________________?
28 / 50
Which of the following taxes can be supported by the benefits principle of taxation ?
29 / 50
The rate at which a firm can substitute capital for labour and hold output constant is the ?
30 / 50
Copper is an example of ?
31 / 50
Kharif crop includes ?
32 / 50
What was the third buffalo producing country ?
33 / 50
The cause of freedom is served according to democratic capitalists when__________________?
34 / 50
Pakistan spends annually US$ $ 788 million on the import of ?
35 / 50
The opposite of the rule of law is________________?
36 / 50
All of the following are parts of the business cycle except ?
37 / 50
It is true that_____________?
38 / 50
Members of an ethnic group_________________?
39 / 50
For a competitive firm, marginal revenue is ?
40 / 50
Public policy is________________?
41 / 50
An unemployed salesperson has been offered a job paying Rs500 a week. He turns that job down and continues to search for another job that pays more. The cost of this continued search is ?
42 / 50
The density of population in Sindh is ?
43 / 50
In modern society death has acquired to some extent a sense of_____________?
44 / 50
Which of the following statements supports deregulation of industries ?
45 / 50
Which of the following strategies have developing countries not used to deal with the problem of unstable export markets ?
46 / 50
The conflict theory of inequality is based on the work of______________?
47 / 50
If the Bank of England reduces the money supply to reduce inflation a floating exchange rate will aid the Bank of England in fighting inflation because ?
48 / 50
In the UK the government ?
49 / 50
Adult socialization typically_____________?
50 / 50
A monopoly is able to continue to generate economic profits in the long run because ?
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