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