Economics Quiz 4
1 / 50
New classical economists advocate reducing welfare payments to people who are unemployed or single parents. The economic reasoning uses was that this would ?
2 / 50
Since state and nation are not the same thing the preferred term for individual political entities is_______________?
3 / 50
An organization plans the use of its fund during a 12-month period. What is this period called ?
4 / 50
A profit maximizing firm is perfect competition produces where ?
5 / 50
In a cartel ?
6 / 50
The Phillips curve indicates that there is a ?
7 / 50
Fundamentalists want the IMF to lend to crisis-stricken countries on condition that they undertake fundamental structural reforms in banking Joseph Stiglitz however thinks it is______________?
8 / 50
An adjustment is made in wages that corresponds with the change in the cost of living. What this adjustment is called ?
9 / 50
When President Kennedy told the Soviet leader to withdraw Russian missiles in Cuba it was an illustration of one of the following types of foreign policy ?
10 / 50
Price increases from 10 to 12 pence and the price elasticity of demand is -0.5 The quantity demanded was 500 units. What will it be now ?
11 / 50
Markus is a travelling salesman for an apparel company. In this employment relationship, Markus is the ?
12 / 50
Which of the following is not considered a transaction cost incurred by parties in the process of contracting to eliminate a pollution externality ?
13 / 50
In the year 2010-11 what was per capita income ?
14 / 50
In economic terms incomes are distributed according to________________?
15 / 50
Modern societies are grappling with the notion of_________________?
16 / 50
As the required reserve ratio is decreased the money multiplier ?
17 / 50
Group marriage ________________?
18 / 50
Estimated value that is added to a product or material to each stage, of its manufacture or distribution, is known as ?
19 / 50
The shrinking or distances due to technological advances such as computer and fax connections by telephone are one characteristic of what new challenge to marketing ?
20 / 50
The density of population in K.P.K is ?
21 / 50
Livestock sector accounts for nearly 36 percent of agriculture value added and about 9.0 percent of the ?
22 / 50
For which agricultural produce Sudan is famous and which comes under Tropical Grassland Region ?
23 / 50
If price consumption curve will be horizontal on x-axes then elasticity of demand will be:___________?
24 / 50
What is Debt Service ?
25 / 50
An increase in price all other things unchanged leads to ?
26 / 50
The favorable evaluation of presidents is based on______________?
27 / 50
If the central bank buys financial securities in the open market to increase the monetary base, this is and example of ?
28 / 50
What is called the crop which is grown for sale rather than the farmer?s own use ?
29 / 50
Which of the following is Not True about education in LDCs ?
30 / 50
Given a system of floating exchange rates rising income in the United States would trigger a (an) ?
31 / 50
Multinational corporations face problems since they ?
32 / 50
Gross National Product equals ?
33 / 50
The Generalized System of Preferences (GSP) program allows ?
34 / 50
Suppose that the supply curve of tin is highly inelastic. If the demand curve of tin decrease and increase cyclically along the supply curve of tin, then in this market the size of the quantity fluctuation will bathe size of the price fluctuations ?
35 / 50
A positive externality generates ?
36 / 50
Enacting legislation__________________?
37 / 50
Which are Pakistan major seasons for agriculture crop ?
38 / 50
The rate of change for most of human history has been________________?
39 / 50
A positive, dynamic effect of economic integration is illustrated by ?
40 / 50
Which of the following reduces risk in a portfolio the greatest ?
41 / 50
The record of a country?s transactions in goods, services and assets with the rest of the world is its ?
42 / 50
Governments and corporations sell interest bearing certificates to raise money for expansion or trade. What is called these certificates ?
43 / 50
Medical care clearly enhance people?s lives. Therefore, we should consume medical care until ?
44 / 50
Output fell sharply in the transition economies because ?
45 / 50
The value of the marginal product of labor is ?
46 / 50
Which of the following statements regarding the loanable funds market is not true ?
47 / 50
A change in the relative prices of which of the following pair of goods would likely cause the smallest substitution effect ?
48 / 50
The first European people to form a nation were is________________?
49 / 50
By financial crowding out economist mean ?
50 / 50
The refinancing rate is ?
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