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