Economics Quiz 43
1 / 50
Suppose that ABC publishing sells an economics textbook and accompanying study guide. Raheel is willing to pay Rs75 for the text and Rs15 for the study guide. Mariam is willing to spend Rs60 for the text and Rs25 for the study guide. Suppose both the book and study guide have a zero-marginal cost of study production. If ABC publishing charges separate price for both products its best strategy is to charge price that when combined, total ?
2 / 50
The seller?s cost of production is ?
3 / 50
The U.S balance of payments is constructed by ?
4 / 50
Which of the following events will lead to an increase in the demand for money ?
5 / 50
The total forest area of Pakistan is estimated at ?
6 / 50
The percentage of the working age population that is part of the workforce is known as the ?
7 / 50
What is called protection of domestic producers by impeding or limiting the importation of foreign goods and services ?
8 / 50
The largest fishing catching ground in the world is ?
9 / 50
In autarky the relative price of wine, in terms of beer, in Country B is ?
10 / 50
By what method were the first cars ever manufactured produced ?
11 / 50
Which of the following statements is correct ?
12 / 50
India is the world?s largest producer of ?
13 / 50
Term a tax that is levied by a country of source on income paid, usually on dividends remitted to the home country of the firm operating in a foreign country?
14 / 50
What is called the difference in the value of a nation?s imports over exports or exports over imports ?
15 / 50
Overpopulation can result in________________?
16 / 50
VAT is a good example of which kind of tax ?
17 / 50
Government____________?
18 / 50
ideologies may be described as_______________?
19 / 50
?The ability of one individual or group to control the actions of another individual or group without the latter?s consent? is a definition of____________?
20 / 50
A tariff can _______ raise a country?s welfare?
21 / 50
Which of the following shifts the demand for watches to the right ?
22 / 50
Wassily Leontief?s results can be interpreted as ?
23 / 50
A __________ is a brand created and owned by a reseller of a product of service ?
24 / 50
The neoclassical theory of growth identifier the steady state rate of growth as the ____ just sufficient to keep _____ constant while labor grows?
25 / 50
The pattern of economic growth describes the phenomenon of countries moving up in technological development by following the patterns of countries ahead of them in the development process ?
26 / 50
We cannot say whether one allocation of resources is better than another allocation because ?
27 / 50
Which branch of accounting provides information to help the management of a firm evaluate production costs and efficiency ?
28 / 50
The marginal propensity to save (MPS) is ?
29 / 50
Suppose two economists are arguing about policies that deal with unemployment One economist says the government should fight unemployment because it is the greatest social evil The other economist response Nonsense Inflation is the greatest social evil These economists ?
30 / 50
Worker-managed socialism helped contribute to ________ ?s rapid economic growth from 1959 to 1979?
31 / 50
Cost of production plus a fixed rate of profit is called ?
32 / 50
Which of the following is a variable cost in the short run ?
33 / 50
Classification of human races is_____________________?
34 / 50
Maturation is a term used by developmental psychologists to refer to______________?
35 / 50
Which of the following is true about the consumer?s optimum consumption bundle? At the optimum ?
36 / 50
What is referred by the by economic theory ?Liberalism? ?
37 / 50
Two of the major factors contributing to growth are ?
38 / 50
Under Which of the following conditions would you prefer to be the borrower ?
39 / 50
Under a system of floating exchange rates relatively low productivity and high inflation rates in the United States results in a (an) ?
40 / 50
The expectations augmented Phillips curve was the Work of which group of economists ?
41 / 50
?Hard ?money is_________________?
42 / 50
The elderly are a minority because them________________?
43 / 50
Three variables affect the demand for money they are _______ and __________?
44 / 50
Korea?s keirestsu-like corporate conglomerates is known as ?
45 / 50
In the neoclassical theory of growth a higher saving rate leads to ?
46 / 50
Quotas are government-imposed limits on the _________ of goods trade between countries?
47 / 50
Which perspective assumes that actors other than states are also important and s whether states are unitary actors ?
48 / 50
Who is insolvent_______________?
49 / 50
Progress that meets the needs of the present without compromising the ability of future generations to meet their own needs is ?
50 / 50
In Price discrimination abnormal profits are made if ?
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