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Economics Quiz 30

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Economics Quiz 30

1 / 50

What was the third buffalo producing country ?

2 / 50

The Truman Doctrine Marshall Plan and NATO are characteristic of which period ?

3 / 50

Public policy is________________?

4 / 50

Adult socialization typically_____________?

5 / 50

That the division of labor is limited by the size of the market best applies to which explanation of trade ?

6 / 50

Globalism___________________?

7 / 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 ?

8 / 50

A reduction in the money supply is likely to ?

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

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 ?

11 / 50

The cause of freedom is served according to democratic capitalists when__________________?

12 / 50

The density of population in Sindh is ?

13 / 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 ?

14 / 50

The shift toward imperfectly competitive markets in domestic and international trade the concept of ?

15 / 50

If banks and the private sector decide to hold less cash the money multiplier will be ?

16 / 50

The opposite of the rule of law is________________?

17 / 50

Kharif crop includes ?

18 / 50

Marginal revenue is ?

19 / 50

The optimal level of provision of public goods is where society total willingness to pay per unit is equal to the ?

20 / 50

It is true that_____________?

21 / 50

All the following are types of monetary policy expect ?

22 / 50

Refer to Exhibit 4. If a tax is placed on the product in this market. deadweight loss is the area ?

23 / 50

Approximately how many people inhabit the earth ?

24 / 50

When did Pakistan Meteorological Department Successfully experimented artificial rainfall in Thar (Sindh) ?

25 / 50

All of the following are parts of the business cycle except ?

26 / 50

Which statement is wrong regarding diplomacy? It_____________?

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

Members of an ethnic group_________________?

29 / 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 ?

30 / 50

For a competitive firm, marginal revenue is ?

31 / 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?

32 / 50

The rate at which a firm can substitute capital for labour and hold output constant is the ?

33 / 50

What term is given to unemployment caused by a downturn in the business cycle ?

34 / 50

Copper is an example of ?

35 / 50

A monopoly is able to continue to generate economic profits in the long run because ?

36 / 50

An increase in the price of a good along a stationary demand curve ?

37 / 50

Which of the following taxes can be supported by the benefits principle of taxation ?

38 / 50

Knowing the workings of a car engine represents which kind of knowledge ?

39 / 50

Pakistan spends annually US$ $ 788 million on the import of ?

40 / 50

In the UK the government ?

41 / 50

The largest producer of Natural gas in the world is _____?

42 / 50

The foremost advantage of a corporation is its_____________?

43 / 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?

44 / 50

Which of the following strategies have developing countries not used to deal with the problem of unstable export markets ?

45 / 50

Entities such as the U.N and the European Economic Community (Common Market) are classed as_____________?

46 / 50

The female role as a passive and domestic creature may be conditioned by_______________?

47 / 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 ?

48 / 50

Which of the following statements supports deregulation of industries ?

49 / 50

The conflict theory of inequality is based on the work of______________?

50 / 50

In modern society death has acquired to some extent a sense of_____________?

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