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