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