Economics Quiz 31
1 / 50
Which of the following statements best describes the outcome under monopolistic competition ?
2 / 50
In 1985, the Coca-cola Company made a classic marketing blunder with its deletion of its popular Coca-Cola product and introduction of what it called New Coke Analysts now believe that most of the company?s problems resulted from poor marketing research. As the public demanded their old Coke back the company relented and reintroduced Coca-Cola Classic (which has regained and surpassed its former position) while New Coke owns only 0.1 percent of the market Which of the following marketing research mistakes did Coca-Cola make ?
3 / 50
Government payments made to domestic firms in order to encourage exports are called ?
4 / 50
The original Phillips curve illustrates ?
5 / 50
Aggregate supply is the total amount ?
6 / 50
Transfer payments means ?
7 / 50
Which of the following refers to Piaget,s developmental theory ?
8 / 50
All of the following represent obstacles to LDC development except ?
9 / 50
Suppose the price level falls but suppliers only notice that the price of their particular product has fallen Thinking there has been a fall in the relative price of their product they cut back on production, This is a demonstration of the ?
10 / 50
Industry is the second largest sector of the economy. How much of GDP it accounts for ?
11 / 50
Form the dawn of history through the development of agriculture______________?
12 / 50
State-owned enterprises (SOEs) are also called ?
13 / 50
Stagflation occurs when the economy experiences ?
14 / 50
There is an arrangement which allows a firm to use research from another firm at no cost in exchange for executing all of its trades with the firm that provides the research. What this arrangement is called?
15 / 50
The Ku Klux Klan is an example of a(n)_________________?
16 / 50
To aid its calculator producers, suppose that the government provides them a subsidy of $10 for each calculator produced The amount of imports now equals _____ and the deadweight loss of the subsidy to the Canadian economy equals _________?
17 / 50
If there is excess capacity in a production facility it is likely that the firm?s supply curve is ?
18 / 50
Term the average income of the people of a country during a year ?
19 / 50
What does mean by Franchise__________________?
20 / 50
Another way of saying that position in a group are value-rated by group members is_______________?
21 / 50
To anticipate what the economy is going to do next the government will look at ?
22 / 50
From each according to his ability to each according to his need is the theoretical slogan of ?
23 / 50
Trimmu Sindhnai link canal links the Chenab with ?
24 / 50
The simplest explanation based on Lewis?s model for rural-urban migration is ?
25 / 50
What was the top sheep producing country ?
26 / 50
Profits are maximized when ?
27 / 50
If there is a balance of payments deficit then in a floating exchange rate system ?
28 / 50
Jamil?s friend dies of a sudden heart attack. Jamil rushes to his doctor for an expensive physical examination. This response demonstrates that ?
29 / 50
Refer to Exhibit 6.If People in the economy expect inflation to be 3 percent and inflation is 3 percent the economy is operating at point ?
30 / 50
If the MPC is 0.5 the multiplier is ?
31 / 50
The opposite of a variable is a______________?
32 / 50
Second largest uranium producer in the world is ?
33 / 50
The key issues of macroeconomics are ?
34 / 50
If a country has a burden of debt it cannot sustain it can ?
35 / 50
Prejudice persists because it________________?
36 / 50
An increase in aggregate demand will have most effect on prices if ?
37 / 50
Name a gold, silver, or platinum coin than usually traded at slightly more than its current bullion value ?
38 / 50
Which Province of Pakistan is the largest wheat producing province ?
39 / 50
Which of the following is not a reason why Joe Smith (an American) might participate as a demander in the foreign exchange market ?
40 / 50
In the West Women and non-whites on average receive lower incomes than white men because ?
41 / 50
Which country is not a transitional economy ?
42 / 50
What is the third sheep producing country ?
43 / 50
What can a central bank increase in order to reduce consumer borrowing ?
44 / 50
The idea that the money supply should change to accommodate changes in aggregate demand is associated with the idea of ?
45 / 50
Interindustry trade can be explained by all of the following except ?
46 / 50
Antidumping duties applied to imported goods ?
47 / 50
Which best describes price discrimination ?
48 / 50
The branch banking system is in vogue in most countries of the world. In which country was it first developed?
49 / 50
Suppose we measure the quantity of good X on the horizontal axis and the quantity of good Y on the vertical axis If indifference curves are bowed inward, as we move from having an abundance of good X to having an abundance of good Y, the marginal rate of substitution of good Y for good X (the slope of the indifference curve) ?
50 / 50
Four primary social processes are________________?
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