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Economics Quiz 60

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Economics Quiz 60

1 / 50

Which of the following market would most closely satisfy the requirements for a competitive market ?

2 / 50

The main function of organized labor is to_______________?

3 / 50

If a country an imposes an import tariff, its welfare can improve if ?

4 / 50

In an Open economy leakage to imports ____________ the value of the multiplier ?

5 / 50

All currencies other than the domestic currency of a given country are referred to as ?

6 / 50

Income received by households that is not returned to firms is called_______________?

7 / 50

Dominant groups tend to use all but which of the following methods in dealing with minorities ?

8 / 50

How is termed equal rights of trade of trade without giving monopolies or preferences to an individual country ?

9 / 50

A modified version of elitist theory holds that_______________?

10 / 50

Relatively low real interest rates in the United States tend to ?

11 / 50

Which of the following is an example of a reason why firms might pay efficiency wages ?

12 / 50

If the world price of steel is $500 a ton a specific tariff $50 is equivalent to an ad valorem tariff of______________?

13 / 50

Which country leads in production of barley among the following ?

14 / 50

Money has 3 main function they are __________ and __________?

15 / 50

Real business cycle theorists argue that _________ can explain short- and long-term fluctuation in output?

16 / 50

The identical twin who lost his penis in a tragic accident______________?

17 / 50

Which of the following is not a consequence of growing agricultural commercialization ?

18 / 50

Modernization means that a society becomes________________?

19 / 50

Which of the following must always balance ?

20 / 50

Interventionist policies to restore regional imbalance focus on ?

21 / 50

Private goods are ?

22 / 50

What country had the largest area of forest ?

23 / 50

The Lorenz curve shows ?

24 / 50

The relative deprivation approach attempts to______________?

25 / 50

he efficiency wage is the ?

26 / 50

Average income increase from Rs20,000 p.a to Rs 22,000 p.a Quantity demanded per year increases 5000 to 6000 units. Which of the following is correct ?

27 / 50

The market system consists of planning by__________________?

28 / 50

Out of the total land area of Pakistan the total land area of Punjab is 20.6 mha (about 50.90 million acres) out of which ____ are cultivated?

29 / 50

Why has modern economic growth mainly been in western countries ?

30 / 50

An industry that realizes such large economies of scale in producing its product that single-firm production of that good or service is most efficient is called ?

31 / 50

A period of unemployment due to recession will ?

32 / 50

A child shows her parents how to operate a computer This situation reflects_____________?

33 / 50

Time series data show information ?

34 / 50

Thomas is a monopolist in the production of your textbook because ?

35 / 50

A grocery store should close at night if the ?

36 / 50

Similar to import tariffs import quotas tend to result in ?

37 / 50

For the United States suppose the annual interest rate on government securities equals 12 percent while the annual inflation rate equals 8 percent For Japan the annual interest rate on government securities equals 10 percent while the annual inflation rate equals 5 percent the above variables would cause investment funds to flow from ?

38 / 50

The push for teaching people to read in the English-speaking world was based on a desire to read_______________?

39 / 50

The business cycle describes fluctuations in output around the?

40 / 50

Injections ?

41 / 50

Interest is______________?

42 / 50

The goal of the marketing logistics system should be to provide ?

43 / 50

A sale maximizing firm will produce where ?

44 / 50

Which of the following statements supports deregulation of industries ?

45 / 50

Which of the following is NOT true about child mortality ?

46 / 50

Which of the following is consistent with the law of supply ?

47 / 50

An optimal tariff is one which reduces imports to the level at which ____ equals ____?

48 / 50

Mention an electronic quotation system in USA that provides price quotations to market participants about more actively traded common stock issues in OTC market ?

49 / 50

Suppose Imtiaz moves his Rs1,000 demand deposit from Bank A to Bank B If both banks operate with a reserve ratio of 10 percent What is the potential change in money supply as a result of Gerard?s action ?

50 / 50

If firms can neither enter nor leaves an industry, the relevant time period is the ?

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