Economics Quiz 6

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Economics Quiz 6

1 / 50

The concept of human inequality ?

2 / 50

For the better part of recorded history knowledge about social relationships was principally based on ?

3 / 50

Modernization in Britain was not as disruptive as in other countries because_______________?

4 / 50

The important point about biological and cultural differences among people is______________?

5 / 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 ?

6 / 50

If people have rational expectations a monetary policy contraction that is announced and is credible could ?

7 / 50

A firm will shut down in the short run if ?

8 / 50

If a competitive firm doubles its output its total revenue ?

9 / 50

When one knows the roles that one is expected to play and is willing and able to do so one is_____________?

10 / 50

Bearer cheque is ?

11 / 50

If a country has a bowed out (concave to the origin) production possibility frontier then production is said to be subject to ?

12 / 50

The Wheeler-Lea Act gives the Federal Trade Commission the power to regulate ?

13 / 50

The limit on the consumption bundles that a consumer can afford is known as ?

14 / 50

What is the currency of Montserrat Antilles ?

15 / 50

Term the interchange of commodities across political frontiers without restriction such as tariffs, quotas, or foreign exchange controls ?

16 / 50

The intended consequences of advertising is to__________________?

17 / 50

The government increase government spending to try to reduce unemployment This is an example of ?

18 / 50

A significant portion of actual world trade patterns results from ?

19 / 50

Criticisms against the North American Free Trade Agreement include all of the following except ?

20 / 50

When the American Cigar Co buys a pizza chain the process is called________________?

21 / 50

Investment is a unstable element of aggregate demand because it depends heavily on ?

22 / 50

If an increase in investment leads to a bigger increase in national income this called the ?

23 / 50

Poor developing countries typically impose __________ tariffs than rich advanced nations on imports?

24 / 50

In Planned economy? Production and distribution of Wealth is under control of_____________?

25 / 50

National income refers to ?

26 / 50

Pakistan is the __________ largest rice Producer country in the world?

27 / 50

The low-income economies generally have the following except ?

28 / 50

When an oligopolist individually chooses its level of production to maximize its profits, it produces an output that is ?

29 / 50

The myth complex functions to_________________?

30 / 50

?Seigniorage? is a source of revenue for central banks earned from_____________?

31 / 50

The reality that lies beyond human perception is called__________________?

32 / 50

In the short run firms in perfect competition will still produce provided ?

33 / 50

In a developing nation people start to obtain good jobs Then inflation cuts their income the people begin to feel_________________?

34 / 50

Which conclusion can be drawn from the infromation in the chart ?

35 / 50

Point out the use of the term price fixing ?

36 / 50

What is Baran?s explanation for underdevelopment in Asia, Africa, and Latin America ?

37 / 50

The sacrifice involved when you choose a particular course of action is called the ?

38 / 50

An unspoken agreement between workers and firms that the firm will not cut wages is known as ?

39 / 50

The internet evolved from a network created by ________ during the 1960s?

40 / 50

Which is the best measure of economic growth of a country ?

41 / 50

What is total forest area of Azad Kashmir ?

42 / 50

The industrial concentration ratio is the proportion of an industry?s output ?

43 / 50

The marginal product model assumes that ?

44 / 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 ?

45 / 50

Which of the following is not a major factor raising LDC agricultural labor productivity ?

46 / 50

Which of the following is not among the most advanced global food chain cluster with headquarters in the US ?

47 / 50

Which status is in transition and difficult to classify in corporate relationships ?

48 / 50

Which of the following types of coal represents the first stage of formation of coal ?

49 / 50

Gender assignment is based on______________?

50 / 50

What is called that market in which supply overwhelms demand ?

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