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