0% 0 Economics Quiz 55 1 / 50 Following a divorce both partners remarry in what percentage of cases ? 60% 90% 80% 50% 2 / 50 In the kinked Demand Curve theory it is assumed that ? An increase in price by the firm is not followed by others Firms collude to fix the price An increase in price by the firm is followed by others A decrease in price by the firm is followed by others 3 / 50 By Which scale the value of all economic activity produced by a nation during a given period is measured ? Gross Domestic Product (GOP) Gross National output (GNO) Gross National output Gross National Product (GNP) 4 / 50 When a company enters a new product category for which its current brand names are not appropriate it will likely follow which of the following brand strategies ? Line extensions New brands Brand extensions Product extensions 5 / 50 Which resources are scarce in every society ? Fertile land Sufficient males to mate with all the females Food shelter and protective coverings Wheat and com 6 / 50 Pick out the generic term for the securities industry firms that buy sell and underwrite securities ? Nikkei index Yahoo index NASDAQ Wall street 7 / 50 If GNP of Pakistan rises. it will encourage ? Exports None Both Imports 8 / 50 The theoretical basis for zero marginal productivity of labor was the concept of ? limited technical sustainability of factors substitution of leisure and work among labor labor force literacy marginal rate of substitution 9 / 50 All of the following are commonly recognized promotion budget formal EXCEPT ? the LIFO method the percentage of sales method the objective and task method the affordable method 10 / 50 The ability-to-pay principle of taxation suggests that if a tax system is to be vertically equitable it should be ? proportional regressive efficient progressive 11 / 50 An area which is today in the first stage of the demographic transition is the following________________? Tropical Africa china U.S.A Japan 12 / 50 If a small country imposes a tariff on an imported good, its terms of trade will ? not change worsen improve any of these 13 / 50 If Canada runs a balance of payments surplus and exchange rates are floating ? the price of foreign goods will rise for Canadians the value of other currencies will rise relative to the dollar the dollar will depreciate relative to other currencies the price of foreign goods will become cheaper to Canadians 14 / 50 In which of the crops Russia does not lead ? Barley Surgarcane Cotton Wheat 15 / 50 The Black movement to the urban North from the rural South was similar to______________? the experience of the American Indians moves of professionals from New York to Los Angeles the arrival of the Cuban middle class after Castro immigration from Europe 16 / 50 When personal interviewing involves inviting six to ten people to gather for a few hours with a trained interviewers to talk about a product service, or organization the method is called ? Selective sponsorship Probing focus group interviewing the Delphi method 17 / 50 Which country produced the most rubber ? India Indonesia Thailand Malaysia 18 / 50 Population density may be defined as_________________? the ability of a square foot of land to feed a number of people the number of people to a land area the density of a compound group the number of births and deaths per year 19 / 50 If GDP = Rs1,000 Consumption = Rs 600 taxes = Rs 100, and government purchases = Rs200, how much is saving and investment ? Saving = Rs 200 investment = Rs 100 Saving = Rs 0 investment = Rs 0 Saving = Rs 100 investment = Rs 200 Saving = Rs 300 investment = Rs 300 20 / 50 About _________ of the World?s population lives in LDCs? 25% 50% 35% 80% 21 / 50 Social Darwinists believed that________________? the weak shall inherit the earth natural selection was a hoax resources belong to all the people only the strongest persons should control the resources of a society 22 / 50 The orange juice manufacturers know that orange juice is most often consumed in the mornings. However they would like to change this and make the drink acceptable during other time periods during the day Which form of segmentation would they need to work with and establish strategy reflective of their desires ? gender segmentation occasion segmentation benefit segmentation age and lief-cycle segmentation 23 / 50 A critic of ?Shock therapy? to transition economies. Vladamir Popov, contends that shock therapists put a heavy emphasis on ? attempts to gradually remake institutions agricultural reform rather than industrial reforms to overcome food insecurity the creation of a small-scale private sector ans small independent banks introducing the reform package at once to ensure that it became too late and costly to reverse the reforms 24 / 50 A price ceiling is ? a maximum price usually set by government that sellers may charge for a good a minimum price that consumers are willing to pay for a good. a minimum price usually set by government that sellers must charge for a good the different between the initial equilibrium price and the equilibrium price after a decrease in supply 25 / 50 Foreign policy decisions may be categorized into those that are________________? all of the above general crisis administrative 26 / 50 Among the leading causes of divorce are______________? personality differences only b and c infidelity incompatibility 27 / 50 An essential attribute of inflation is ? Stagflation Increase in prices None of these Fall in production 28 / 50 Admiration of power and intolerance of differences is linked to a_________________? Democratic personality unprejudiced personality authoritarian personality totalitarian personality 29 / 50 Brassical in the Latin name for what spice ? basil mustard Salt pepper 30 / 50 If demand increase in a market this will usually lead to ? A higher equilibrium price and lower output A lower equilibrium price and output A higher equilibrium price and output A lower equilibrium price and higher output 31 / 50 Singapore and Hong Kong have become major economic powers by taking advantage of their ? imported cheap labor from Japan abundant mineral resources favorable location on international trade routes Profits from agricultural surpluses 32 / 50 Suppose that a war is fought will biological weapons. The weapons destroy people but not capital. What is likely to happen to equilibrium wages and rental rates after the war when compared to their values before the war ? Wages fall, and rental rates rise Wages rise, and rental rates rise Wages fall, and rental rates fall Wages rise, and rental rates fall 33 / 50 Suppose, due to political instability, Russians suddenly choose to purchase UK assets as opposed to Russian assets Which of the following statements is true regarding the value of the pound and UK net exports ? The pound appreciates, and UK net exports rise The pound depreciates, and UK net exports rise The pound appreciates, and UK net exports fall The pound depreciates, and UK net exports fall 34 / 50 All of the following are fundamental to the World Trade Organization except ? nondiscrimination in trading relationships bilateral tariff reductions to promote trade liberalization the use of the most-favored nation clause (normal trade relations) the prohibition of import quotas and export quotas 35 / 50 Suppose that the purchasing power parity estimate of the dollar/euro exchange rate is $1.30 per euro, and the current spot rate is $1.3 8 per euro. Comparing these two exchange rates from a long-run viewpoint you would ? anticipate the dollar to depreciate against the euro anticipate the dollar?s exchange rate against the euro to remain constant have no anticipation concerning future movements in the dollar/euro exchange rate anticipate the dollar to appreciate against the euro 36 / 50 Which Pakistani city is famous for high quality sports equipment ? Gujranwala Sialkot Chiniot Lahore 37 / 50 illegal acts that are characterized by deceit concealment or violation of trust is the FBI,s definition of_______________? white-collar crime robbery organized crime arson 38 / 50 The multiple by which total deposits can increase for every pound increase in reserves is the ? bank?s line of credit Money multiplier required reserve ratio liquidity ratio 39 / 50 During and after a depression the government can use fiscal policy through its powers of_____________? spending and taxation wage regulation income ceilings bank regulation 40 / 50 Rawls?s miximin criterion does not mean that there should be redistribution so as to equalise everyone?s incomes in society because ? such redistribution would amount to confiscation of honestly earned income from higher earners and so would be unjust. Such redistribution would remove the incentive to work hard, so society?s total income would fall, and so the least well off person would be worse off than they could be under a system in which there was some inequality income. such redistribution would not maximize the total income of all members of society Such redistribution would mean that those who worked hard were no better off than those who were lazy and this would be unfair. 41 / 50 What is meant by capital stock ___________? Both of them Authorized amount of stock for issue by corporation The total stated or par value of the permanently invested capital of corporation None of them 42 / 50 Who is called Father of Economics ? Adam smith David Ricardo David smith Adam Ricardo 43 / 50 When the $/? exchange rate rises the pound _____ and when the $/? rates falls the pound ________? depreciates, appreciates appreciates, depreciates revalues, devalues becomes more expensive becomes cheaper 44 / 50 Asset that is easily and cheaply turned into cash-notably, cash itself and short-term securities are known as______________? Liquid asset Solid asset Hard asset None of these 45 / 50 The study of traits that appear in specific population as adaptation to specific environments is called ? demography cultural anthropology psychology physical anthropology 46 / 50 If the exchange rate between the UK and Japan changes from ?1 = 100 yen to ?1 = 150 yen then ceteris paribus, the price of UK goods in Japan ? will increase could either increase of decrease will remain the same will decrease 47 / 50 Consulting firms that use large-scale econometric models to forecast exchange rate movements are engaging in ? technical analysis nontechnical analysis judgmental analysis fundamental analysis 48 / 50 Deviance that has been exposed leads to______________? anomie transmission forgiveness labeling 49 / 50 The bank established for loans to very small enterprises in Pakistan is called_______________? SME- Bank Moderba Bank First MINI Bank Micro Finance Bank 50 / 50 In a supply and demand diagram for Japanese yen, with the exchange rate in dollars per yen on the vertical axis, the demand schedule for yen is drawn sloping ? upward horizontal vertical downward Provide Your Information Your score is The average score is 0% LinkedIn Facebook Twitter 0% Restart quiz Send feedback Share on facebook Facebook Share on twitter Twitter Share on whatsapp WhatsApp PrevEconomics Quiz 54 Economics Quiz 56Next
