Economics Quiz 56

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Economics Quiz 56

1 / 50

Name the system in which the means of production and distribution are privately or corporate owned and development is proportionate to the accumulation and reinvestment of profits which are gained in a free market ?

2 / 50

Export primary commodity concentration ratios are ?

3 / 50

The dominant group in a society is the one that is the_________________?

4 / 50

Normal profit occurs when ?

5 / 50

A life insurance company forces Enzo to have a medical examination prior to selling him insurance ?

6 / 50

A depreciation of the dollar will have its most pronounced impact on imports if the demand for imports is ?

7 / 50

The factor endowment theory was pioneered by ?

8 / 50

The urban trends resulting from the industrial Revolution include_________________?

9 / 50

The govt. can control inflation by______________?

10 / 50

If a supply curve for a good is price elastic then ?

11 / 50

Contrary to Karl Marx,s expectations communist revolutions occurred in_______________?

12 / 50

As a result of social change some members of society_______________?

13 / 50

Which financial instrument provides a buyer the right to purchase or sell a fixed amount of currency at a prearranged price, within a few days to a couple of years ?

14 / 50

A personality refers to______________?

15 / 50

The situation in the Middle East is an example of________________?

16 / 50

Identify below what is NOT considered to be a cause of economic growth ?

17 / 50

Guest worker programs usually result in temporary migration of workers from ?

18 / 50

Crowds and masses differ in that___________________?

19 / 50

The J-curve effect refers to the observation that ?

20 / 50

Deviance is defined as________________?

21 / 50

The synthesis of the elitist and pluralist approaches realist democracy assumes that_____________?

22 / 50

If a product is an inferior good ?

23 / 50

The United Stats in an exception in that_________________?

24 / 50

Material culture________________?

25 / 50

Most empirical studies show that firm?s cost curves ?

26 / 50

It is correct to say that__________________?

27 / 50

A checking deposit in a bank in considered _________ of that bank?

28 / 50

What was the crude birth rate of 1998 ?

29 / 50

From a sociological viewpoint to say that deviance has functions means that ?

30 / 50

Which of the following statement is NOT true about OECD aid ?

31 / 50

Among the factors that favor individual mobility are_________________?

32 / 50

Minorities have reacted to domination by developing goals that may be called_________________?

33 / 50

The term ?prejudice? implies that_________________?

34 / 50

For Harvard?s Dani Rodrik Globalization involves ?

35 / 50

What does price elasticity of demand measure ?

36 / 50

In essence people need government because________________?

37 / 50

The participants in a market economy cannot pursue their goals freely because they are affected by_________________?

38 / 50

If Japan runs current account deficit and exchange rates are floating?

39 / 50

Defense mechanisms function to________________?

40 / 50

Which are manifest functions of schools ?

41 / 50

The theory of symbolic interactionism in personality formation is associated with_______________?

42 / 50

Portion of a company?s profit paid to common and preferred shareholders is called ?

43 / 50

Reproduction outside the family__________________?

44 / 50

Market power is ?

45 / 50

The hypothesis that people know the true model of the economy and that they use this model to form their expectations of the future is the ?

46 / 50

If PX > MCX, society gains by ?

47 / 50

Variables that exercise influence on other variables are called ?

48 / 50

Which of the following best defines price discrimination ?

49 / 50

ideologies tend to arise during periods of_____________?

50 / 50

If the Supply of loanable funds is very inelastic (steep) Which policy would likely increase saving and investment the most ?

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