Economics Quiz 57
1 / 50
Which is NOT an element of social structure ?
2 / 50
S = Savings, I = domestic investment, X = exports of goods and services, and M = imports of goods and services Which of the following is true ?
3 / 50
Muslim community constitutes _____ of the world?s populatin ?
4 / 50
The value of an asset depends upon ?
5 / 50
The merger of a clothing firm and a software producer would be a _______ merger?
6 / 50
A rise in the real exchange rate will ________ the competitiveness of the domestic economy?
7 / 50
The percentage of the labour force that is unemployed is the ?
8 / 50
Inequality has been explained as______________?
9 / 50
What is referred by interest ?
10 / 50
When economists use the term real business cycle theory they are suggesting that business cycles are caused by ?
11 / 50
Assuming that leisure is a normal good. if an individual?s labour supply curve is backward bending then the ?
12 / 50
Constrained choice is relevant for households ?
13 / 50
In 1979-80 China first created _____ for foreigners to set up enterprises hire labor and import duty-free goods for processing and re-exporting ?
14 / 50
A private good is ?
15 / 50
Which one of the following is the largest sector of Pakistan?s economy ?
16 / 50
Which is the second densely populated province of Pakistan ?
17 / 50
_________ are products bought by individuals and organizations for further processing or for use in conducting a business?
18 / 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 A pair of socks is ?
19 / 50
An economy may operate outside the production possibility Frontier if ?
20 / 50
Mention an international trade policy competitive devaluation and increased protective barriers that one country institute to gain at the expense of its trading partners ?
21 / 50
In recent years, which factor has been major reason for the economic tensions between the United States and China ?
22 / 50
What is the meaning of the term stagflation ?
23 / 50
How is termed the economic theories or Maynard Keynes especially those which advocate government monetary and fiscal and stimulate business activity ?
24 / 50
Aggregate supply is the total amount ?
25 / 50
If firms satisfice this means that ?
26 / 50
Cohabitation_______________?
27 / 50
If injections are greater than withdrawals ?
28 / 50
Which of the following is an example of a sociological theory of deviant behavior ?
29 / 50
Wheat being a plant of temperate zone grows well on plains away from sea and having moderately dry climate. World?s maximum production of wheat is obtained from ?
30 / 50
A buyer?s willingness to pay is that buyer?s ?
31 / 50
The Tragedy of the Commons is a parable that illustrates why?
32 / 50
The Kinked Demand curve theory assumes ?
33 / 50
Opportunity cost is_________________?
34 / 50
C.Wright Mills wrote that the ?power elite? controls_________________?
35 / 50
Suppose Handel?s Ice Cream experiences economies of scale up to a certain point and diseconomies of scale beyond that point. Its long-run average cost curve is most likely to be ?
36 / 50
The sum of total income received for the services of labor, land or capital in a country is called?
37 / 50
There is a growing realization that divorce______________?
38 / 50
Americans who join voluntary associations are generally ?
39 / 50
Which market is called Bear market ?
40 / 50
?Laissez-faire?______________?
41 / 50
If I purchase a stereo from South Korea, I obtain the stereo and South Korea obtains the dollars But if I purchase a stereo produced in the Pakistan I obtain the stereo and the rupees remain in Pakistan, This line of reasoning is ?
42 / 50
Refer to Exhibit 4. If a tax is placed on the product in this market total surplus is the area ?
43 / 50
Political activists_______________?
44 / 50
According to the text the following people were/are deviant ?
45 / 50
The merger of two clothing firms would be a ____ merger?
46 / 50
The substitution effect of higher wages suggests that as the wage rate increases ?
47 / 50
The newest challenge to the family,s formerly exclusive claim to the socialization of its children has come from ?
48 / 50
According to the Laffer curve as tax rates increase tax revenue ?
49 / 50
The sate differs from all the other institutions in that_______________?
50 / 50
Which of the following is not part of the opportunity cost of going on holiday ?
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