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