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