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