Economics Quiz 59

Which country has the largest area in the world ?

The social sciences lack ?

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

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 total multiplier for the economy will reflect ?

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 ?

Cash crops cover nearly _______ of the cropped areas?

Productivity can be increased by ?

Malthus suggested the following as means of birth control________________?

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

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

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 ?

Our standards of living is most closely related to ?

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

Which state is in the US produces the most blueberries ?

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?

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 ?

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?

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 is NOT true of minority groups ?

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

Country B has an absolute advantage in ?

Barriers to entry do not include ?

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

In Africa many children are_________________?

Environmental depletion is the term used to mean that________________?

Firms undertake multinational operations in order to ?

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 ?

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

To adjust from Gross National Product to Net National Product ?

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

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

Which of the following is not a supply side measure ?

Most American cities have_________________?

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

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

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

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

The term ?constitutional? is reserved to describe________________?

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

Objectivity means ?

Which of the following countries is known as sugar bowl ?

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 ?

An ecological city is___________________?

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 ?

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 ?

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

Violation of a folkway is considered ?

P2P is business slang. What does it refer ?

Craft unions differed from industrial unions in that they______________?