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