Economics Quiz 59

Environmental depletion is the term used to mean that________________?

Suppose the economy is initially in long-run equilibrium Then suppose there is an increase in military spending due to rising international tensions According to the model of aggregate demand and aggregate supply what happens to prices and output in the long run ?

Our standards of living is most closely related to ?

P2P is business slang. What does it refer ?

Central bank?s rate of lending to commercial banks is called ?

Black volcanic soil and tropical climate is most suitable without excess rainfall for which crop ?

According to the price/quality strategy matrix when a company overprices its product in relation to its quality it is considered to be using which type of strategy ?

Of the World?s population what portion lives in developing countries ?

Advocates of the elitist approach believe that the ruling elite maintains its power by____________?

Productivity can be increased by ?

In Africa many children are_________________?

The social sciences lack ?

A movement along the demand curve to the left may be caused by ?

A attempts to limit outsourcing of jobs to foreigners by requiring that a minimum percentage of a product?s value must be produced domestically if that good is to be sold in the domestic market ?

Most American cities have_________________?

Malthus suggested the following as means of birth control________________?

Which of the following countries is known as sugar bowl ?

In determining salesforce size, when a company groups accounts into different size classes and then determines the number of salespeople needed to call on them the desired number of times it is called the ?

In 1990, during the Persian Gulf War, the U.S government extended generous terms to two middle-income countries by canceling or reducing their debt The two countries were ?

The theory that states that a country has a comparative advantage in the production of a product if that country is relatively well endowed with inputs used intensively in the production of that product is the?

Country B has an absolute advantage in ?

The Heckscher-Ohlin theorem states that a country will have comparative advantage in the good whose production in relatively intensive in the with which the country is relatively abundant ?

Which of the following workers would be most likely to find it more difficult to get a job after a rise in the minimum wage rate?

Reaganomics was a radical shift in Policy aimed at direct tackling ?

Objectivity means ?

The appropriate tax rate to consider judging the vertical equity of a tax system is the ?

When the financial system lacks the capability of making judgement about investment opportunities due to asymmetric information leading to potentially bad credit risks lending is subject to ?

Referring to the above table, the U.S balance of international indebtedness suggests that the U.S is a net ?

An advocate of the classical model of the economy would claim that unemployment is created when the ____ is above its equilibrium level in the ______?

Which exchange rate mechanism in intended to insulate the balance of payments from short-term capital movements while providing exchange rate stability for commercial transactions ?

Violation of a folkway is considered ?

An ecological city is___________________?

Which state is in the US produces the most blueberries ?

Firms undertake multinational operations in order to ?

The external benefits of using cars are ____ and the external costs are _____?

________ is the process of evaluating each market segment?s attractiveness and selecting one or more segments to enter?

Craft unions differed from industrial unions in that they______________?

The quantity demanded of Pepsi has decreased. The best explanation for this is that ?

To adjust from Gross National Product to Net National Product ?

Barriers to entry do not include ?

Which company holds the world record for having the maximum number of shareholders ?

Which country has the largest area in the world ?

Which of the following is NOT true of minority groups ?

The term ?constitutional? is reserved to describe________________?

Cash crops cover nearly _______ of the cropped areas?

Which of the following is not a supply side measure ?

Before ecological problems can be resolved what will probably need to happen ?

The total multiplier for the economy will reflect ?

Suppose two economists are arguing about policies that deal with unemployment. One economist says. The government could lower unemployment by one percentage point if it would just increase government spending by 50 billion dollars the other economist responds Nonsense and poppycock! If the government spent an additional 50 billion dollars it would reduce unemployment by only one tenth of one percent. and that effect would only be temporary! These economists ?

in general a flatter demand curve is more likely to be ?