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Economics Quiz 48

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Economics Quiz 48

1 / 50

Entrepreneurship is the ?

2 / 50

In monopolistic competition ?

3 / 50

________ protection such as the escape clause, provide temporary protection to domestic industries facing competition from fairly traded foreign goods?

4 / 50

Shortcomings of interest groups include______________?

5 / 50

Among the reason for overturning death penalty verdicts on appeal are______________?

6 / 50

Air pollution from automobile exhausts, and water pollution steel plants are examples of ?

7 / 50

The formula for average variable cost (AVC) is ?

8 / 50

Participants in the market system________________?

9 / 50

Institution are_________________?

10 / 50

Which money is called Hot money ?

11 / 50

Which of the following is an injection into the economy ?

12 / 50

Cyclical unemployment is the ?

13 / 50

The most essential element of culture is______________?

14 / 50

Supply side policies are considered effective in ?

15 / 50

One percentage decrease in unemployment is associated with two percentage points of additional growth in real gdp is called?

16 / 50

As income increase ?

17 / 50

If the price elasticity is -0.3 this means ?

18 / 50

The price elasticity of demand measures ?

19 / 50

Disposable income is the part of households income left after the deduction of ?

20 / 50

When we refer to the hidden economy we mean unrecorded income owing to ?

21 / 50

If the cross-price elasticity of demand between two goods is negative, then the two goods are ?

22 / 50

What country had the second largest area of forest?

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

The largest producer of Nuclear energy in the world 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

Trade creation takes place when ?

27 / 50

Which of the following is a characteristic of pure monopoly ?

28 / 50

The earliest statement of the principle of comparative advantage is associated with ?

29 / 50

Which of the following is not TRUE about rural urban migration ?

30 / 50

Which of the following is not an example of foreign direct investment ?

31 / 50

In theory communism calls for______________?

32 / 50

Which of the following processes includes isolation of the minority population ?

33 / 50

How does the eurozone compare with USA as a possible optimal currency area (OCA) ?

34 / 50

A negative externality affect market efficiency in a manner similar to ?

35 / 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 ?

36 / 50

A trained observer_________________?

37 / 50

Foreign aid is an instrument of________________?

38 / 50

The IMF is an agency charged with providing ?

39 / 50

________ and ___________ do not directly affect the demand curve ?

40 / 50

Domestic producers gain ________ because on the tariff?

41 / 50

What is called the rules of laws which governs the internal affairs of an organization ?

42 / 50

The categories used by researchers to pigeonhole people into social classes__________________?

43 / 50

Adam Smith was __________?

44 / 50

The factor endowment model of international trade was developed by ?

45 / 50

_______ factors are the most popular bases for segmenting customer groups?

46 / 50

In order for power to be legitimate a government must have_____________?

47 / 50

Which country produced the second most rubber ?

48 / 50

The largest producer of fertilizer in the world is ?

49 / 50

A monopolistic market has ?

50 / 50

Utilitarian organizations are so named because they ?

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