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