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Economics Quiz 47

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Economics Quiz 47

1 / 50

The agro based industry is ?

2 / 50

Tax incidence is the ?

3 / 50

Groundnut crop is the monopoly of ?

4 / 50

A tax whose burden is the same proportion of income for all households is ?

5 / 50

The ?significant others? of Mead,s theory are____________?

6 / 50

The long-run Phillips curve is ____ at the ____?

7 / 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 ?

8 / 50

Racism is based on the belief (s) that_________________?

9 / 50

In Third World countries the factors that discourage birth control include________________?

10 / 50

Declining costs per unit of output results from international trade especially if ?

11 / 50

What is the basis of racist ideology ?

12 / 50

The group way of life characteristic of humans may be traced to____________?

13 / 50

The ethnic groups among whom arranged marriages are common include______________?

14 / 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 ?

15 / 50

The desert and semi-arid regions of the Middle East are resource-poor except for_______________?

16 / 50

The impact of industrialization in India is most conspicuously reflected in ?

17 / 50

Which of the following types of unemployment will exist even if the wage is at the competitive equilibrium ?

18 / 50

If people are risk averse, then ?

19 / 50

Asian tigers or newly industrializing countries (NICs) of East and Southeast Asia include the following except ?

20 / 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 ?

21 / 50

Culture______________?

22 / 50

Decrease returns to scale means that _____ as ______?

23 / 50

In economic terms every action entail________________?

24 / 50

VAT is a good example of which kind of tax ?

25 / 50

Low agricultural productivity in developing countries is mainly caused by ?

26 / 50

Structuralist economists who study developing countries focus their attention on ?

27 / 50

If a tariff and import quota lead to equivalent increases in the domestic price of steel, then ?

28 / 50

Branko Horvat?s historical review of the last two and one-half century indicates that in large part market or decentralized socialism ?

29 / 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 ?

30 / 50

Marx believed religion was used to_______________?

31 / 50

The socially optimal rate of growth is ?

32 / 50

Which of the following best describes how an increase in the money supply shift the aggregate demand curve ?

33 / 50

Kinds of forest in Pakistan are coniferous forest, irrigated plantation riverain forests and ?

34 / 50

Cultural relativity ideally implies ?

35 / 50

What country is third most covered by forests ?

36 / 50

Many environmental resources are public goods, which are characterized by ?

37 / 50

The Heckscher-Ohlin theory explains comparative advantage as the result of differences in countries ?

38 / 50

Durkheim,s analysis suggests that so-called primitive people__________________?

39 / 50

A positive externality affects market efficiency in a manner similar to a ?

40 / 50

An annual summary of country?s international economic and financial transactions is ?

41 / 50

A perspective that focuses on power relations between spouses is called_______________?

42 / 50

Relative to a competitively organized industry a monopoly ?

43 / 50

The term Fourth World has been coined to describe ?

44 / 50

When marginal revenue equals marginal cost ?

45 / 50

The purpose of separating management from ownership is to________________?

46 / 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 ?

47 / 50

Which of the following is the Pakistan?s central bank ?

48 / 50

Studies of delinquent gangs indicate that____________?

49 / 50

Which one of the following countries is the largest oil consumer of the world ?

50 / 50

Industrial policies intended to foster comparative advantage for domestic industries could result in the implementation of ?

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