Economics Quiz 48
1 / 50
Trade creation takes place when ?
2 / 50
How does the eurozone compare with USA as a possible optimal currency area (OCA) ?
3 / 50
Suppose that at a price of Rs 30 per month there are 30000 subscribers to cable television in small Town. If small Town Cablevision raises its price Rs40 per month the number of subscribers will fall to 20000 Using the midpoint method for calculating the elasticity what is the price elasticity of demand for cable TV in Small Town ?
4 / 50
If the cross-price elasticity of demand between two goods is negative, then the two goods are ?
5 / 50
Entrepreneurship is the ?
6 / 50
What country had the second largest area of forest?
7 / 50
Utilitarian organizations are so named because they ?
8 / 50
_______ factors are the most popular bases for segmenting customer groups?
9 / 50
In monopolistic competition ?
10 / 50
If the price elasticity is -0.3 this means ?
11 / 50
In theory communism calls for______________?
12 / 50
Among the reason for overturning death penalty verdicts on appeal are______________?
13 / 50
When we refer to the hidden economy we mean unrecorded income owing to ?
14 / 50
Suppose that at a price of Rs 30 per month there are 30000 subscribers to cable television in small Town. If small Town Cablevision raise its price to Rs 40 per month the number of subscribers will fall to 20000 At which of the following price does small Town Cablevision earn the greatest total revenue ?
15 / 50
One percentage decrease in unemployment is associated with two percentage points of additional growth in real gdp is called?
16 / 50
Institution are_________________?
17 / 50
________ protection such as the escape clause, provide temporary protection to domestic industries facing competition from fairly traded foreign goods?
18 / 50
Foreign aid is an instrument of________________?
19 / 50
Participants in the market system________________?
20 / 50
Suppose there is an increase in the both the supply and demand for personal computers Further, suppose the supply of personal computer increase more than demand for personal computers In the market for personal computers i the market for personal computers, we would expect ?
21 / 50
________ and ___________ do not directly affect the demand curve ?
22 / 50
The largest producer of Nuclear energy in the world is____?
23 / 50
Which of the following processes includes isolation of the minority population ?
24 / 50
The most essential element of culture is______________?
25 / 50
Air pollution from automobile exhausts, and water pollution steel plants are examples of ?
26 / 50
The formula for average variable cost (AVC) is ?
27 / 50
The largest producer of fertilizer in the world is ?
28 / 50
Cyclical unemployment is the ?
29 / 50
The IMF is an agency charged with providing ?
30 / 50
The earliest statement of the principle of comparative advantage is associated with ?
31 / 50
Adam Smith was __________?
32 / 50
Domestic producers gain ________ because on the tariff?
33 / 50
A monopolistic market has ?
34 / 50
Shortcomings of interest groups include______________?
35 / 50
Which of the following is a characteristic of pure monopoly ?
36 / 50
The categories used by researchers to pigeonhole people into social classes__________________?
37 / 50
As income increase ?
38 / 50
Which of the following is not TRUE about rural urban migration ?
39 / 50
Which of the following is an injection into the economy ?
40 / 50
The price elasticity of demand measures ?
41 / 50
Which money is called Hot money ?
42 / 50
Supply side policies are considered effective in ?
43 / 50
Which of the following is not an example of foreign direct investment ?
44 / 50
Which country produced the second most rubber ?
45 / 50
A negative externality affect market efficiency in a manner similar to ?
46 / 50
A trained observer_________________?
47 / 50
What is called the rules of laws which governs the internal affairs of an organization ?
48 / 50
The factor endowment model of international trade was developed by ?
49 / 50
Disposable income is the part of households income left after the deduction of ?
50 / 50
In order for power to be legitimate a government must have_____________?
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