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Economics Quiz 44

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Economics Quiz 44

1 / 50

Industrialization was accompanied by_______________?

2 / 50

According to Emerson: ?Want is a growing giant whom the coat of Have was never large enough to cover.? According to economists, ?Want? exceeds ?Have? because:

3 / 50

OECD stands for ?

4 / 50

Max Weber believed that_______________?

5 / 50

Status inconsistency is defined as_________________?

6 / 50

In recent years there was an awakening of ethnic identity among the following groups__________________?

7 / 50

Producer surplus is the area ?

8 / 50

What is called the sequence of economic activity which is typically characterized by recession, fiscal recovery, growth and fiscal decline ?

9 / 50

Estimated income and plane for expenditure is called Budget. What is Budget deficit ?

10 / 50

Consumption spending does not include ?

11 / 50

Criminologists Cloward and Ohlin Classified delinquent gangs into which of the following categories ?

12 / 50

Which approach predicts that is an economy operates a full employment and faces trade deficit currency devaluation will improve the trade balance only if domestic spending is cut thus freeing resources to produce exports ?

13 / 50

What country produces the original Edam cheese ?

14 / 50

Suppose that Boeing is to receive payment in euros in 6 month and wants to engage in hedging the firm would _______ euros on the 6-month forward market in order to protect itself from a/an of the euro?

15 / 50

More and more salespeople are being evaluated and compensated based on different measures than in the past. All of the following are illustrations of those measures EXCEPT ?

16 / 50

Which of the following is not an example of a global public good ?

17 / 50

A real value can be derived from a nominal value by ?

18 / 50

If the marginal propensity of consume MPC is 0.75 the value of the multiplier is ?

19 / 50

Which of the following statements about microeconomics and macroeconomics is not true ?

20 / 50

The input-output table, when divided vertically shows ?

21 / 50

The burden of a tax falls more heavily on the buyers in a market when ?

22 / 50

Census is held in Pakistan after every?

23 / 50

A production is technique is technically efficient if ?

24 / 50

Social institutions________________?

25 / 50

Lawrence Kohlberg,s theory of moral development claims______________?

26 / 50

Constitution are_________________?

27 / 50

The U.S real food aid, as well as food reserves dropped from the 1960s to the 1980s partly because ?

28 / 50

How much of the total area cultivated is under irrigation system ?

29 / 50

The Phillips curve is a graph showing the relationship between ?

30 / 50

What is Dumping ?

31 / 50

The synchronized application of capital to a wide range of different industries is called __________ by its advocates?

32 / 50

Public government agencies are________________?

33 / 50

An exchange arrangement was formed in 1979 that governs the currencies of European union member countries. What this arrangement called ?

34 / 50

A _______ is a promotion strategy that calls for using the sales force and trade promotion to move the produce through channels ?

35 / 50

A benefit to consumers of price discrimination is that ?

36 / 50

The first years of marriage_____________?

37 / 50

Satellite television subscription and television detection devices are ways in which broadcasting companies address the ________ problem?

38 / 50

The initial effect of an increase in the money supply is to ?

39 / 50

Assuming a downward sloping demand curve and upward sloping supply curve a higher equilibrium price may be caused by ?

40 / 50

The most important product of the social way of life is__________________?

41 / 50

Income distribution according to productive contribution is____________?

42 / 50

A way of helping depressed regions by having lower wages, lower local taxes and lower unemployment benefit has been suggested as ?

43 / 50

Which of the following countries leads in the production of gold in the world ?

44 / 50

Investor engage in _____ when they move funds into foreign currencies in order to take advantage to interest rates abroad that are higher than domestic interest rates ?

45 / 50

What is write-Off?

46 / 50

Which are the dimensions of stratification ?

47 / 50

In a competitive labour market firms will hire labour up to the point where the marginal revenue product of labour equals ?

48 / 50

Refers to Exhibit 4. Suppose the economy is operating in a recession such as point B in Exhibit 4. If policy makers allow the economy to adjust to the long run natural rate on its own, ?

49 / 50

Which statement is FALSE ?

50 / 50

Holding all factors constant except one and increasing a variable factor is expected to lead to steadily decreased marginal product of that factor, this is an example of ?

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