Economics Quiz 61
1 / 50
Supply is likely to be more price elastic ?
2 / 50
A shift in supply will have more effect on price than quantity if ?
3 / 50
Starting from a position where the nation?s money demand equals the money supply and its balance of payments is in equilibrium economic theory suggests that the nation?s balance of payments would move into a surplus position if there occurred in the nation a (an) ?
4 / 50
G. MecDougall showed in his tests that ?
5 / 50
Which of the following is a valid currency______________?
6 / 50
You are planning to run a hot dog stand during a forthcoming fair. You originally estimated that you will generated sales revenue of Rs 2000 and you have already spent Rs 1000 building the hot dog stand. The hot dog stand is nearly completed but now you estimate total sales to be only Rs 800 because the fair clashes with a major music festival in a nearby location. You can complete the hot dog stand for another Rs 300 Your decision rule should be to complete the hot dog stand as long as the cost to complete the stand is less than ?
7 / 50
Mention the name for that urban and rural region which is closely associated economically with an adjoining town or city. Term is also used to describe the area that is serviced by a port or coastal settlement ?
8 / 50
Real business cycles are cycles in ?
9 / 50
Term the rules and particles that govern the management of an organization ?
10 / 50
The inordinate growth of government is a side effect of________________?
11 / 50
Martin Luther king,s status was based on his_____________?
12 / 50
The population density in Islamabad per Sq. Km is ?
13 / 50
If marginal benefit is greater than marginal cost, a rational choice involves ?
14 / 50
Amartya K. Sen emphasizes that having enough to eat depends on ?
15 / 50
A capital account surplus might be expected to cause a current account deficit because the associated ?
16 / 50
Market price adjusted to consider differences between social cost-benefit and private cost-benefit calculations are ?
17 / 50
The total demand for goods and services in an economy is known as_____________?
18 / 50
National Saving (or just saving) is equal to ?
19 / 50
The practice of requiring degrees as a minimum hiring requirement is called_______________?
20 / 50
The chief reason that Congress is so ineffective is________________?
21 / 50
Government levy tax on imports and exports What this tax is called ?
22 / 50
Adequate growth of the economy refers to the goals of__________________?
23 / 50
If a production function exhibits constant returns to scale ?
24 / 50
Change may be experienced on three levels__________________?
25 / 50
When the market operates without interference, price increases will distribute what is available to those who are willing and able to pay the most. This process is known as ?
26 / 50
A crisis of legitimacy indicates that_______________?
27 / 50
Consumer sovereignty means that________________?
28 / 50
Conflict theorists view stratification systems as______________?
29 / 50
The annual growth rate of edible oil is ?
30 / 50
The slope at any point on an indifference curve is known as ?
31 / 50
Discrimination is_______________?
32 / 50
Economic profits are ?
33 / 50
Demand pull inflation result from ?
34 / 50
Which situation has contributed most recent Japanese economic growth ?
35 / 50
Of all the animal pests that attack plants. the most common and which cause the maximum damage are ?
36 / 50
Fiscal Policy refers to ?
37 / 50
The crude birthrate is________________?
38 / 50
The mechanisms of upward mobility of minorities did NOT include?
39 / 50
The interest rate ?
40 / 50
The abolitionist movement sought the abolition of_______________?
41 / 50
Female-headed families have_______________?
42 / 50
If somebody is prepared to work at the going wage rate but cannot find work then they are victims of ?
43 / 50
when the level of income _________ there will be a tendency for the trade balance to improve as imports?
44 / 50
A person will continue to pursue an activity up to the point where ?
45 / 50
Under free trade suppose that Japan can supply radios t mexico at the price of $45 Therefore, Mexico?s imports equal ?
46 / 50
Which city is famous for the textile mills that produce finest worsted suiting in the world ?
47 / 50
The equilibrium price clears the market it is the price at which _________________?
48 / 50
Which of the following country did Not suffer from increased poverty from debt and financial crises in the 1990s ?
49 / 50
The price mechanism cannot ?
50 / 50
Which of the following describes an increase in technological knowledge ?
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