Economics Quiz 61
1 / 50
Fiscal Policy refers to ?
2 / 50
Government levy tax on imports and exports What this tax is called ?
3 / 50
Term the rules and particles that govern the management of an organization ?
4 / 50
If marginal benefit is greater than marginal cost, a rational choice involves ?
5 / 50
The slope at any point on an indifference curve is known as ?
6 / 50
The chief reason that Congress is so ineffective is________________?
7 / 50
National Saving (or just saving) is equal to ?
8 / 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 ?
9 / 50
G. MecDougall showed in his tests that ?
10 / 50
The equilibrium price clears the market it is the price at which _________________?
11 / 50
Which of the following describes an increase in technological knowledge ?
12 / 50
The price mechanism cannot ?
13 / 50
Of all the animal pests that attack plants. the most common and which cause the maximum damage are ?
14 / 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) ?
15 / 50
Real business cycles are cycles in ?
16 / 50
Consumer sovereignty means that________________?
17 / 50
The inordinate growth of government is a side effect of________________?
18 / 50
Adequate growth of the economy refers to the goals of__________________?
19 / 50
Which of the following country did Not suffer from increased poverty from debt and financial crises in the 1990s ?
20 / 50
A capital account surplus might be expected to cause a current account deficit because the associated ?
21 / 50
Change may be experienced on three levels__________________?
22 / 50
A crisis of legitimacy indicates that_______________?
23 / 50
Which of the following is a valid currency______________?
24 / 50
Conflict theorists view stratification systems as______________?
25 / 50
Which city is famous for the textile mills that produce finest worsted suiting in the world ?
26 / 50
Which situation has contributed most recent Japanese economic growth ?
27 / 50
Female-headed families have_______________?
28 / 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 ?
29 / 50
If a production function exhibits constant returns to scale ?
30 / 50
Discrimination is_______________?
31 / 50
The crude birthrate is________________?
32 / 50
The population density in Islamabad per Sq. Km is ?
33 / 50
Under free trade suppose that Japan can supply radios t mexico at the price of $45 Therefore, Mexico?s imports equal ?
34 / 50
If somebody is prepared to work at the going wage rate but cannot find work then they are victims of ?
35 / 50
Market price adjusted to consider differences between social cost-benefit and private cost-benefit calculations are ?
36 / 50
The annual growth rate of edible oil is ?
37 / 50
Demand pull inflation result from ?
38 / 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 ?
39 / 50
The total demand for goods and services in an economy is known as_____________?
40 / 50
Martin Luther king,s status was based on his_____________?
41 / 50
The practice of requiring degrees as a minimum hiring requirement is called_______________?
42 / 50
Amartya K. Sen emphasizes that having enough to eat depends on ?
43 / 50
The interest rate ?
44 / 50
A person will continue to pursue an activity up to the point where ?
45 / 50
Supply is likely to be more price elastic ?
46 / 50
A shift in supply will have more effect on price than quantity if ?
47 / 50
The abolitionist movement sought the abolition of_______________?
48 / 50
The mechanisms of upward mobility of minorities did NOT include?
49 / 50
when the level of income _________ there will be a tendency for the trade balance to improve as imports?
50 / 50
Economic profits are ?
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