Economics Quiz 30
1 / 50
The cause of freedom is served according to democratic capitalists when__________________?
2 / 50
Entities such as the U.N and the European Economic Community (Common Market) are classed as_____________?
3 / 50
Knowing the workings of a car engine represents which kind of knowledge ?
4 / 50
In modern society death has acquired to some extent a sense of_____________?
5 / 50
The foremost advantage of a corporation is its_____________?
6 / 50
In the UK the government ?
7 / 50
What term is given to unemployment caused by a downturn in the business cycle ?
8 / 50
A monopoly is able to continue to generate economic profits in the long run because ?
9 / 50
Which industrialization policy have developing countries used which places emphasis on the comparative advantage principle as a guide to resource allocation ?
10 / 50
The optimal level of provision of public goods is where society total willingness to pay per unit is equal to the ?
11 / 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?
12 / 50
A reduction in the money supply is likely to ?
13 / 50
The Truman Doctrine Marshall Plan and NATO are characteristic of which period ?
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
Adult socialization typically_____________?
16 / 50
Which of the following taxes can be supported by the benefits principle of taxation ?
17 / 50
It is true that_____________?
18 / 50
Members of an ethnic group_________________?
19 / 50
The rate at which a firm can substitute capital for labour and hold output constant is the ?
20 / 50
Which statement is wrong regarding diplomacy? It_____________?
21 / 50
Pakistan spends annually US$ $ 788 million on the import of ?
22 / 50
Refer to Exhibit 4. If a tax is placed on the product in this market. deadweight loss is the area ?
23 / 50
Royal Dutch Shell Oil Co has branches in Holland Britain the United States and France This kind of corporation is called__________________?
24 / 50
Marginal revenue is ?
25 / 50
Which of the following strategies have developing countries not used to deal with the problem of unstable export markets ?
26 / 50
The opposite of the rule of law is________________?
27 / 50
The density of population in Sindh is ?
28 / 50
The female role as a passive and domestic creature may be conditioned by_______________?
29 / 50
Copper is an example of ?
30 / 50
Public policy is________________?
31 / 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 ?
32 / 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 ?
33 / 50
An increase in the price of a good along a stationary demand curve ?
34 / 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 ?
35 / 50
The largest producer of Natural gas in the world is _____?
36 / 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 ?
37 / 50
All the following are types of monetary policy expect ?
38 / 50
Kharif crop includes ?
39 / 50
Approximately how many people inhabit the earth ?
40 / 50
If banks and the private sector decide to hold less cash the money multiplier will be ?
41 / 50
Globalism___________________?
42 / 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?
43 / 50
Which of the following statements supports deregulation of industries ?
44 / 50
When did Pakistan Meteorological Department Successfully experimented artificial rainfall in Thar (Sindh) ?
45 / 50
That the division of labor is limited by the size of the market best applies to which explanation of trade ?
46 / 50
For a competitive firm, marginal revenue is ?
47 / 50
All of the following are parts of the business cycle except ?
48 / 50
The shift toward imperfectly competitive markets in domestic and international trade the concept of ?
49 / 50
The conflict theory of inequality is based on the work of______________?
50 / 50
What was the third buffalo producing country ?
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