Economics Quiz 47
1 / 50
If people are risk averse, then ?
2 / 50
Which of the following is the Pakistan?s central bank ?
3 / 50
If a tariff and import quota lead to equivalent increases in the domestic price of steel, then ?
4 / 50
Which of the following best describes how an increase in the money supply shift the aggregate demand curve ?
5 / 50
VAT is a good example of which kind of tax ?
6 / 50
A positive externality affects market efficiency in a manner similar to a ?
7 / 50
The ?significant others? of Mead,s theory are____________?
8 / 50
The desert and semi-arid regions of the Middle East are resource-poor except for_______________?
9 / 50
In economic terms every action entail________________?
10 / 50
Industrial policies intended to foster comparative advantage for domestic industries could result in the implementation of ?
11 / 50
Which of the following types of unemployment will exist even if the wage is at the competitive equilibrium ?
12 / 50
Declining costs per unit of output results from international trade especially if ?
13 / 50
Groundnut crop is the monopoly of ?
14 / 50
In a example discussed in your text Johnson & Johnson?s recall of their Tylenol product following the discovery that several bottles of Tyloenol had been laced with cyanide is consistent with which business philosophy ?
15 / 50
A firm in perfectly competitive industry is producing 50 units, its profit-maximising quantity. Industry price is ?2 and total fixed costs and total variable cost are ?25 and ?40 respectively. The firm?s economic profit is ?
16 / 50
Suppose that the price of a new bicycle is Rs300 Natalie values a new bicycle at Rs 400 it costs Rs200 for the seller to produce the new bicycle. What is the value of total surplus if Natalie buys a new bike ?
17 / 50
Structuralist economists who study developing countries focus their attention on ?
18 / 50
A tax whose burden is the same proportion of income for all households is ?
19 / 50
The impact of industrialization in India is most conspicuously reflected in ?
20 / 50
Low agricultural productivity in developing countries is mainly caused by ?
21 / 50
The purpose of separating management from ownership is to________________?
22 / 50
When marginal revenue equals marginal cost ?
23 / 50
Which one of the following countries is the largest oil consumer of the world ?
24 / 50
Racism is based on the belief (s) that_________________?
25 / 50
Durkheim,s analysis suggests that so-called primitive people__________________?
26 / 50
Kinds of forest in Pakistan are coniferous forest, irrigated plantation riverain forests and ?
27 / 50
Asian tigers or newly industrializing countries (NICs) of East and Southeast Asia include the following except ?
28 / 50
The ethnic groups among whom arranged marriages are common include______________?
29 / 50
Cultural relativity ideally implies ?
30 / 50
Tax incidence is the ?
31 / 50
In Third World countries the factors that discourage birth control include________________?
32 / 50
Each salesperson is assigned to an exclusive area in which to sell the company?s full line of products or services in which type of salesforce structure ?
33 / 50
What country is third most covered by forests ?
34 / 50
The socially optimal rate of growth is ?
35 / 50
A case when internal economies of scale bring about a continuously falling average cost curve that makes having more than one firm in an industry inefficient is illustrative of ?
36 / 50
A perspective that focuses on power relations between spouses is called_______________?
37 / 50
Marx believed religion was used to_______________?
38 / 50
The agro based industry is ?
39 / 50
Branko Horvat?s historical review of the last two and one-half century indicates that in large part market or decentralized socialism ?
40 / 50
The term Fourth World has been coined to describe ?
41 / 50
The Heckscher-Ohlin theory explains comparative advantage as the result of differences in countries ?
42 / 50
An annual summary of country?s international economic and financial transactions is ?
43 / 50
The long-run Phillips curve is ____ at the ____?
44 / 50
Culture______________?
45 / 50
The group way of life characteristic of humans may be traced to____________?
46 / 50
Many environmental resources are public goods, which are characterized by ?
47 / 50
Decrease returns to scale means that _____ as ______?
48 / 50
What is the basis of racist ideology ?
49 / 50
Studies of delinquent gangs indicate that____________?
50 / 50
Relative to a competitively organized industry a monopoly ?
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