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