Economics Quiz 50
1 / 50
According to the Heckscher-Ohlin model the source of comparative advantage is a country?s ?
2 / 50
Statistics that allow researchers to generalize to a population from a sample are called______________?
3 / 50
In food demand growth equation D = ? + a E, a is the income elasticity of demand for food E is the per capita income growth and ? is ?
4 / 50
Gross Domestic Product can be measured as the sum of ?
5 / 50
A nation will a current account deficit will be ?
6 / 50
If two countries start with the same real GDP/person and one country grows at 2 percent while the other grows at 4 percent ?
7 / 50
Suppose that requiring motorcycle riders to wear helmets reduces the probability of a motorcycle fatality from 0.3 percent to 0.2 percent over the lifetime of a motorcycle rider and that the cost of lifetime supply of helmets is Rs5000. It is efficient for the government to require riders to wear helmets if human life is valued at ?
8 / 50
How much of the total population of the world i percentage is living in South America ?
9 / 50
Which form of business organization falls between a corporation and partnership ?
10 / 50
Automatic stabilisers act to ____ government expenditures and ____ government revenues during recessions ?
11 / 50
The cognitive component of culture__________________?
12 / 50
When interest rate rise, other things equal, we can expect the quantity of real money holding to ?
13 / 50
The real problem in population growth is________________?
14 / 50
In regard to public and political opinion_________________?
15 / 50
Ideologies_______________?
16 / 50
The reason for dumping is that the demand curve for ABC Co?s computers is _______ because ________ are available from other nations?
17 / 50
In the balance of payments travels and tourism are included in the category of ?
18 / 50
Which kind of Tax is Federal subject ?
19 / 50
Keynesian economics became popular because it was able to explain ?
20 / 50
Which of the following can the government not use directly to control the economy ?
21 / 50
A 44-nation survey regrading religions found that_________________?
22 / 50
The public sector includes ?
23 / 50
Reduction in the circulation of money resulting from fall of prices is known as ?
24 / 50
Shortly after 1979 World Bank introduced loans that emphasized reforms in trade, agriculture industry public enterprise financial energy education or other sectors and were known as ?
25 / 50
The nuclear from of the family often appears in_________________?
26 / 50
If marginal product is below average product ?
27 / 50
Which of the following is an automatic stabilizer ?
28 / 50
A fall in price ?
29 / 50
Refer to Figure 1. The unemployment rate is ?
30 / 50
The elasticity of propoor growth is ?
31 / 50
Instead, assume that global economic expansion causes the quantity of tin demanded to increase by 4 million pounds at each price To maintain price of tin at the target price you would ?
32 / 50
In autarky, the relative price of X, in terms of Y in A would be ?
33 / 50
Which is NOT a common objective of states ?
34 / 50
If the banks in an economy operate with a reserve ratio of 20 percent then the money multiplier is ?
35 / 50
The most important determinant of scholastic success is________________?
36 / 50
Another way of talking about opportunity costs might be as________________?
37 / 50
The purpose of antitrust (also known as competition) laws is to ?
38 / 50
In which part of Pakistan the rate of increasing population is fastest ?
39 / 50
According to the human capital view of education ?
40 / 50
Name the money of county that is expected to drop in value relative to other currencies?
41 / 50
Deviance is defined______________?
42 / 50
Which of the following NOT a cause of food insecurity, according to Nic Maunder, a specialist on Ethiopia ?
43 / 50
What kind of soil is treated with gypsum to make it suitable for cropping ?
44 / 50
Account is format banking, brokerage or business relationship established to provide for regular services. dealings and other financial transactions. Which of the following phenomenon(s) are also referred by term, Account ?
45 / 50
The strongest political pressure for a trade policy that results in higher protectionism comes from?
46 / 50
The home country government can confiscate the revenue effect of an import quota if ?
47 / 50
The ?basket? on which the CPI is based is composed of ?
48 / 50
The most important factors of production are ?
49 / 50
International trade in goods and services tends to ?
50 / 50
Economic rent ?
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