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