Economics Quiz 6
1 / 50
The reality that lies beyond human perception is called__________________?
2 / 50
Point out the use of the term price fixing ?
3 / 50
An unspoken agreement between workers and firms that the firm will not cut wages is known as ?
4 / 50
We would normally expect the size of the labor force to be _____ than the number or workers willing to accepts job offers at any real wage rate ?
5 / 50
In Planned economy? Production and distribution of Wealth is under control of_____________?
6 / 50
Which conclusion can be drawn from the infromation in the chart ?
7 / 50
What is called that market in which supply overwhelms demand ?
8 / 50
The amount value of an asset in business records is not necessarily identical to the amount that the asset could bring on the open market. What is it called ?
9 / 50
When an oligopolist individually chooses its level of production to maximize its profits, it produces an output that is ?
10 / 50
What is Baran?s explanation for underdevelopment in Asia, Africa, and Latin America ?
11 / 50
The internet evolved from a network created by ________ during the 1960s?
12 / 50
A firm will shut down in the short run if ?
13 / 50
The Wheeler-Lea Act gives the Federal Trade Commission the power to regulate ?
14 / 50
Criticisms against the North American Free Trade Agreement include all of the following except ?
15 / 50
Gender assignment is based on______________?
16 / 50
The sacrifice involved when you choose a particular course of action is called the ?
17 / 50
A significant portion of actual world trade patterns results from ?
18 / 50
If an increase in investment leads to a bigger increase in national income this called the ?
19 / 50
When one knows the roles that one is expected to play and is willing and able to do so one is_____________?
20 / 50
Which status is in transition and difficult to classify in corporate relationships ?
21 / 50
The important point about biological and cultural differences among people is______________?
22 / 50
The low-income economies generally have the following except ?
23 / 50
For the better part of recorded history knowledge about social relationships was principally based on ?
24 / 50
The government increase government spending to try to reduce unemployment This is an example of ?
25 / 50
Term the interchange of commodities across political frontiers without restriction such as tariffs, quotas, or foreign exchange controls ?
26 / 50
The limit on the consumption bundles that a consumer can afford is known as ?
27 / 50
In a developing nation people start to obtain good jobs Then inflation cuts their income the people begin to feel_________________?
28 / 50
Which of the following is not a major factor raising LDC agricultural labor productivity ?
29 / 50
The concept of human inequality ?
30 / 50
What is total forest area of Azad Kashmir ?
31 / 50
Poor developing countries typically impose __________ tariffs than rich advanced nations on imports?
32 / 50
When the American Cigar Co buys a pizza chain the process is called________________?
33 / 50
In the short run firms in perfect competition will still produce provided ?
34 / 50
Which is the best measure of economic growth of a country ?
35 / 50
Modernization in Britain was not as disruptive as in other countries because_______________?
36 / 50
The industrial concentration ratio is the proportion of an industry?s output ?
37 / 50
If a country has a bowed out (concave to the origin) production possibility frontier then production is said to be subject to ?
38 / 50
National income refers to ?
39 / 50
If people have rational expectations a monetary policy contraction that is announced and is credible could ?
40 / 50
Which of the following is not among the most advanced global food chain cluster with headquarters in the US ?
41 / 50
The myth complex functions to_________________?
42 / 50
Pakistan is the __________ largest rice Producer country in the world?
43 / 50
If a competitive firm doubles its output its total revenue ?
44 / 50
Investment is a unstable element of aggregate demand because it depends heavily on ?
45 / 50
Which of the following types of coal represents the first stage of formation of coal ?
46 / 50
The intended consequences of advertising is to__________________?
47 / 50
Bearer cheque is ?
48 / 50
The marginal product model assumes that ?
49 / 50
What is the currency of Montserrat Antilles ?
50 / 50
?Seigniorage? is a source of revenue for central banks earned from_____________?
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