Economics Quiz 5

Socialism and communism both call for________________?

What is called a country?s total financial obligations to the rest of the world ?

The price elasticity of demand is the ?

In Western Europe in 9th C, originated military and social system in which a nobleman would grant the use of land to servant in return for service which is often military, and duty, Name the system ?

Which country is the biggest producer of wool in the world ?

Pakistan is the _____largest tobacco Producer country in the world?

Starting from a balanced budget, for a given tax rate, an increasing in income will cause the government budget to ?

If consumers think that there are very few substitutes for a good, then ?

The movement to free international trade is most likely to generate short-term unemployment in which industries ?

Given the foreign currency market for the Swiss franc, the supply of franc slopes upward, because as the dollar price of the franc rises ?

Profit-maximizing firms want to maximize the difference between ?

Antarctica is occupied by several nations together because no one nations has________________?

An externality is ?

Tariff levels in advanced countries tend to be __________ tariff levels in developing countries?

Name the company in which the liability of the shareholders is limited to the amount of their shares ?

Suppose there is no tariff on imported inputs and the ratio of the value of imported inputs the value of the final product is 0.5 If the nominal tariff rate on the final product is 10 percent, the effective tariff rate equals ?

When farms are destroyed in favor of factories and suburbs it is an example of_____________?

Which of the following is not a problem in comparing developed and developing countries GNP ?

The use of the word ?monopoly? in the name of the market structure called ?monopolistic competition? refers to the fact that ?

If The Central bank tries to keep the interest rate constant when the economy is operating on the steep part of the AS curve, _________ will occur?

The invisibly underemployed ?

Given a system of floating exchange rates falling income in the United States would trigger a (an) ?

In pure monopoly, what is the relation between the price and the marginal revenue ?

The social class(es) least interested in church participation is (are)the_____________?

If government spending exceeds tax collections?

Term the sole legal right to print or publish anything that belongs to the author ?

Which of the following would be considered a supply-side policy ?

The fall in value of one currency relative to another is ?

If the public consumes Rs 100 billion less and the government purchases Rs100 billion more (other things unchanging), Which of the following statement is true ?

_______ beliefs values are open to some degree of change ?

Which of the following products is least likely to be sold in a monopolistically competitive market ?

Which is NOT a new alternative to the traditional family ?

Which example of market expectations causes the dollar to depreciate against the yen ? expectation that the U.S economy will have ?

As prices rise. People will want to keep more money as cash and in bank accounts This is called ?

Labour Productivity measures ?

Discriminatory behavior prompted by the knowledge that prejudice exists on a society wide level is called______________?

Due to Japan?s high saving rate, suppose that the Japanese invest abroad. This investment may result in a/an _______ of the Japanese yen and therefore a for Japan?

An export quota agreement to stabilize the price of bauxite tends to be more successful when the member producer countries as a percentage of the world?s producer countries is __________ and the _________ it is for the member producer countries to store/stock pile bauxite?

Which function is performed by both commercial banks and central banks ?

Hong Kong and South Korea are examples of developing nations that have recently pursued ________ industrialization policies?

The realist school of international relations defines war and security as_____________?

If demand is linear (a straight line) then price elasticity of demand is ?

Charismatic leaders_______________?

If the minimum wage is set above the equilibrium wage rate, then another thing unchanged ?

The supply of foreign currency tends to be ?

Short run average total costs are equals to the sum of ____ and _____?

The prisoners Dilemma Game demonstrates that ?

Durkheim was one of the first scientific sociologists who studied______________?

If goods are exported for less than society?s marginal production cost and the marginal benefit to domestic consumers, it is likely that they benefit from?

Congestion pollution urban decay and similar side effects of the market system are termed_____________?