Economics Quiz 52
1 / 50
Refer to Exhibit 4. Suppose that the consumer must choose between buying socks and belts Also suppose that the consumer?s income is ?100 If the price of a belt is ?10 and the price of a pair of socks is ?5, the consumer will choose to buy the commodity bundle represented b point ?
2 / 50
Which of the following statements regarding the market for foreign currency exchange is true ?
3 / 50
________ is the practice of adopting policies and developing strategies that both sustain the environment and produce profits for the company ?
4 / 50
Recent events vividly demonstrate that nationalism is_______________?
5 / 50
A reasonable measure of the standard of living in a country is ?
6 / 50
The family is the prime example of a(n) ?
7 / 50
In perfect competition ?
8 / 50
The total amount of tax you pay divided by your total income is the ?
9 / 50
According to the text the most dramatic of the environments that affect marketing and appears to be now shaping our world is the ___________ environment?
10 / 50
In sociological studies of race and ethnic relations_______________?
11 / 50
The European Union is an example of a/an ?
12 / 50
Concerning import tariffs of the United States empirical studies tend to conclude that these tariffs are ?
13 / 50
The degree of urbanisation of any given community is indicated by its?
14 / 50
Urbanism is defined as________________?
15 / 50
Skilled labor is relatively scarce because ?
16 / 50
Among the changes in the family institution which is false ?
17 / 50
Which is the oldest hydroelectricity project in Pakistan ?
18 / 50
Periods of less than full employment corresponds to _________________ ?
19 / 50
The technological revolution that led to the control of food production is called the_______________?
20 / 50
To be allocatively efficient a firm must produce where ?
21 / 50
Which of the following is not a possible cost of high fertility rates and rapid population growth ?
22 / 50
As the required reserve ratio is decreased the money multiplier ?
23 / 50
How much of the total potential labour force is unemployed ?
24 / 50
Billy Graham,s religious revival meetings are an example of_________________?
25 / 50
A monetary union means ________, ________ and ________?
26 / 50
A modern definition of class maintains that social class is constituted by____________?
27 / 50
A tax for which high income taxpayers pay a smaller fraction of their income than do low income taxpayers is known as ?
28 / 50
If the cross-price elasticity between two goods is negative the two goods are likely to be ?
29 / 50
Bank issued a document that authorizes the bearer to receive money from one of its foreign branches or from another bank abroad. What such document is called ?
30 / 50
Different capital intensity in different industries is mainly explained by _______ and ________?
31 / 50
If the economy is in the expansionary phase of the business cycle, aggregate demand ____ unemployment ____ inflation ____ payments is likely to move towards ____?
32 / 50
Which of the following issues is related to microeconomics ?
33 / 50
What is called the tax that is levied on retail price of merchandise collected by retailer ?
34 / 50
Trade diversion takes place when ?
35 / 50
Government of Pakistan issues currency on the basis of__________________?
36 / 50
The record of a country?s imports and exports of of goods and services plus net investment incomes and current transfers of money to and from abroad, is called its ?
37 / 50
Suppose consumer tastes shift toward the consumption of apples Which of the following statements is an accurate description of the impact of this event on the market for apples ?
38 / 50
The leading producer of silver is ?
39 / 50
Which of the following countries lead in the production of Nickel ?
40 / 50
To some degree according to some research heredity determines_____________?
41 / 50
If the GNP increases by 8% and prices increase by 3% the actual growth rate is_______________?
42 / 50
Small nations whose trade and financial relationships are mainly with a single partner tend to utilize ?
43 / 50
If income where to double and prices were to to double the budget line would ?
44 / 50
What is Euro ?
45 / 50
When one firm in the breakfast cereal market started an advertising campaign that stressed the nutritional value of its cereals, all other cereal manufacturers started similar advertising campaign This suggests that the breakfast cereal market is ?
46 / 50
According to the wealth effect aggregate demand slopes downward (negatively) because ?
47 / 50
Empirical evidence regarding in the effects of currency depreciation on the balance of trade indicates that?
48 / 50
With fixed exchange rates and no private currency flows, when the central bank buys domestic currency the domestic money supply is ?
49 / 50
Monetary policy is regulated by ?
50 / 50
Which of the following groups suffer the most from inflation ?
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