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Economics Quiz 61

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Economics Quiz 61

1 / 50

Which of the following is a valid currency______________?

2 / 50

Economic profits are ?

3 / 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 ?

4 / 50

The population density in Islamabad per Sq. Km is ?

5 / 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 ?

6 / 50

Amartya K. Sen emphasizes that having enough to eat depends on ?

7 / 50

Martin Luther king,s status was based on his_____________?

8 / 50

Under free trade suppose that Japan can supply radios t mexico at the price of $45 Therefore, Mexico?s imports equal ?

9 / 50

A person will continue to pursue an activity up to the point where ?

10 / 50

The abolitionist movement sought the abolition of_______________?

11 / 50

If marginal benefit is greater than marginal cost, a rational choice involves ?

12 / 50

Which city is famous for the textile mills that produce finest worsted suiting in the world ?

13 / 50

Of all the animal pests that attack plants. the most common and which cause the maximum damage are ?

14 / 50

The price mechanism cannot ?

15 / 50

The slope at any point on an indifference curve is known as ?

16 / 50

The equilibrium price clears the market it is the price at which _________________?

17 / 50

Female-headed families have_______________?

18 / 50

The crude birthrate is________________?

19 / 50

Consumer sovereignty means that________________?

20 / 50

Term the rules and particles that govern the management of an organization ?

21 / 50

Conflict theorists view stratification systems as______________?

22 / 50

Supply is likely to be more price elastic ?

23 / 50

A crisis of legitimacy indicates that_______________?

24 / 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) ?

25 / 50

Which situation has contributed most recent Japanese economic growth ?

26 / 50

Change may be experienced on three levels__________________?

27 / 50

A capital account surplus might be expected to cause a current account deficit because the associated ?

28 / 50

Real business cycles are cycles in ?

29 / 50

The chief reason that Congress is so ineffective is________________?

30 / 50

Which of the following country did Not suffer from increased poverty from debt and financial crises in the 1990s ?

31 / 50

when the level of income _________ there will be a tendency for the trade balance to improve as imports?

32 / 50

Which of the following describes an increase in technological knowledge ?

33 / 50

If somebody is prepared to work at the going wage rate but cannot find work then they are victims of ?

34 / 50

If a production function exhibits constant returns to scale ?

35 / 50

The annual growth rate of edible oil is ?

36 / 50

A shift in supply will have more effect on price than quantity if ?

37 / 50

Government levy tax on imports and exports What this tax is called ?

38 / 50

G. MecDougall showed in his tests that ?

39 / 50

Adequate growth of the economy refers to the goals of__________________?

40 / 50

Discrimination is_______________?

41 / 50

The interest rate ?

42 / 50

Market price adjusted to consider differences between social cost-benefit and private cost-benefit calculations are ?

43 / 50

Demand pull inflation result from ?

44 / 50

Fiscal Policy refers to ?

45 / 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 ?

46 / 50

The mechanisms of upward mobility of minorities did NOT include?

47 / 50

The total demand for goods and services in an economy is known as_____________?

48 / 50

The practice of requiring degrees as a minimum hiring requirement is called_______________?

49 / 50

The inordinate growth of government is a side effect of________________?

50 / 50

National Saving (or just saving) is equal to ?

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