Economics Quiz 38
1 / 50
When the public perceives that the government has failed the state may be said to be undergoing________________?
2 / 50
If oligopolists engage in collusion and successfully from a cartel, the market outcome is ?
3 / 50
If consumers always spend 15 percent of their income on food. then the income elasticity of demand for food is ?
4 / 50
Prejudice diminishes as___________________?
5 / 50
If the market price is below the equilibrium price ?
6 / 50
Foreign aid________________?
7 / 50
An individual firm?s demand for a factor of production ?
8 / 50
Bank loans are usually altered to have longer maturities in order to assist the borrower in making the necessary repayments. What these loans are called____________?
9 / 50
What models did the frames of the Constitution use for the office of the presidency ?
10 / 50
The stage is the product life cycle that focuses on expanding market and creating product awareness and trails is the ?
11 / 50
Micheal Roemer?s three-sector model shows that growth in the booming export sector I- reduces the price of foreign exchange II- retards other sectors? growth by reducing incentives to export other commodities III- reduces incentives to replace domestic goods for imports IV- raises factor and input prices for non-booming sectors ?
12 / 50
The end of the Cold war_________________?
13 / 50
The opportunity cost of growth is ?
14 / 50
Goods and monies from which future income can be derived is called ?
15 / 50
What is called a group of countries that have removed all tariffs, quotas, and export subsidies on trade among themselves ?
16 / 50
Which of the following are not third-world regions ?
17 / 50
What is the Phillips curve ?
18 / 50
Which of the following is not capita good ?
19 / 50
Which of the following is most likely to produce scientific evidence about a theory ?
20 / 50
Every hypothesis must ?
21 / 50
Which of the following groups would be most harmed by a UK government budget deficit ?
22 / 50
What is called an arrangement of workers machines, and equipment in which the product being assembled passes consecutively from operation to operation or the process in which finished products are turned out in a mechanically efficient, though impersonal, manner ?
23 / 50
A fall in demand for labour is likely to lead to ?
24 / 50
In the equation C = a + bY, which describes the aggregate consumption function ?b? stands for ?
25 / 50
A natural monopoly has a declining _______ over a large range of output?
26 / 50
What was the third cattle producing country ?
27 / 50
Max Weber intended his ?ideal type? of bureaucracy as an_______________?
28 / 50
The Democrats lost the presidential elections in 1984 and 1988 because of______________?
29 / 50
UK GDP would exclude which of the following ?
30 / 50
Central bank of Pakistan is ________________?
31 / 50
Accusations of American labor unions against U.S multinational firms include all of the following except ?
32 / 50
The labour force can be defined as ?
33 / 50
Bureaucracy and extensive social differentiation initially occur in the historical transition from_____________?
34 / 50
Which is the most important crop of the Nile delta ?
35 / 50
Assuming leisure is a normal good, if the income effect is greater than the substitution effect a wage increase ?
36 / 50
The most self-sufficient group is________________?
37 / 50
The Cuban community in Miami is an example of______________?
38 / 50
A model of Game theory of oligopoly is known as the ?
39 / 50
What is called that legal process through which a company receives a charter and state in which it is based allows it to operate as corporation ?
40 / 50
Taxes creates a wedge between the sales price and purchase price that prevents the price system equating ____ and ______?
41 / 50
In defining social sciences which of the following phrases is the most appropriate?
42 / 50
Which of the following factors potentially increased the vulnerability to the 1997 Asian financial and currency crisis ?
43 / 50
The period of Rabi Season is _____ ?
44 / 50
What is known as ground black-cherry pits in the Middle East ?
45 / 50
When an importing country sets limits on the amount of goods it will accept in certain product categories it is called a(n) ?
46 / 50
Which of the following is a group ?
47 / 50
_________ policies attempt to foster industrialization by establishing high barriers to imports of foreign goods to promote local production ?
48 / 50
What is called amount of money to purchase the goods and services to maintain life ?
49 / 50
If a fisher must sell all of his daily catch before it spoils for whatever price he is offered once the fish are caught the fisherman?s price elasticity of supply for fresh fish is ?
50 / 50
Which of the following is not an assumption of Schumpeter?s stationary state ?
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