Economics Quiz 50
1 / 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 ?
2 / 50
If the banks in an economy operate with a reserve ratio of 20 percent then the money multiplier is ?
3 / 50
The most important factors of production are ?
4 / 50
The purpose of antitrust (also known as competition) laws is to ?
5 / 50
What kind of soil is treated with gypsum to make it suitable for cropping ?
6 / 50
Another way of talking about opportunity costs might be as________________?
7 / 50
According to the human capital view of education ?
8 / 50
The home country government can confiscate the revenue effect of an import quota if ?
9 / 50
International trade in goods and services tends to ?
10 / 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 ?
11 / 50
A fall in price ?
12 / 50
The nuclear from of the family often appears in_________________?
13 / 50
The strongest political pressure for a trade policy that results in higher protectionism comes from?
14 / 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 ?
15 / 50
In which part of Pakistan the rate of increasing population is fastest ?
16 / 50
Which of the following is an automatic stabilizer ?
17 / 50
The cognitive component of culture__________________?
18 / 50
Which kind of Tax is Federal subject ?
19 / 50
Economic rent ?
20 / 50
The elasticity of propoor growth is ?
21 / 50
Statistics that allow researchers to generalize to a population from a sample are called______________?
22 / 50
A 44-nation survey regrading religions found that_________________?
23 / 50
Which of the following NOT a cause of food insecurity, according to Nic Maunder, a specialist on Ethiopia ?
24 / 50
In regard to public and political opinion_________________?
25 / 50
Which form of business organization falls between a corporation and partnership ?
26 / 50
Which of the following can the government not use directly to control the economy ?
27 / 50
When interest rate rise, other things equal, we can expect the quantity of real money holding to ?
28 / 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 ?
29 / 50
Name the money of county that is expected to drop in value relative to other currencies?
30 / 50
The real problem in population growth is________________?
31 / 50
The reason for dumping is that the demand curve for ABC Co?s computers is _______ because ________ are available from other nations?
32 / 50
Gross Domestic Product can be measured as the sum of ?
33 / 50
Ideologies_______________?
34 / 50
In the balance of payments travels and tourism are included in the category of ?
35 / 50
Deviance is defined______________?
36 / 50
A nation will a current account deficit will be ?
37 / 50
Reduction in the circulation of money resulting from fall of prices is known as ?
38 / 50
Which is NOT a common objective of states ?
39 / 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 ?
40 / 50
In autarky, the relative price of X, in terms of Y in A would be ?
41 / 50
The most important determinant of scholastic success is________________?
42 / 50
If marginal product is below average product ?
43 / 50
How much of the total population of the world i percentage is living in South America ?
44 / 50
Automatic stabilisers act to ____ government expenditures and ____ government revenues during recessions ?
45 / 50
According to the Heckscher-Ohlin model the source of comparative advantage is a country?s ?
46 / 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 ?
47 / 50
Keynesian economics became popular because it was able to explain ?
48 / 50
The ?basket? on which the CPI is based is composed of ?
49 / 50
Refer to Figure 1. The unemployment rate is ?
50 / 50
The public sector includes ?
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