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