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