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Economics Quiz 62

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Economics Quiz 62

1 / 50

Suppose that the domestic government allows a specific number of goods to be imported each year, but it does not specify from where the product is shipped or who is permitted to import Such a trade barrier is known as ?

2 / 50

Longevity is proxy for ________ in the Human Development Index?

3 / 50

_____ 1954 study of U.S trade patterns showed that U.S exports were labor-intensive compared with U.S imports, even though the United States was widely regarded as a relatively capital-abundant nation ?

4 / 50

3M runs a Pollution a Prevention Pays program that has led to a substantial reduction in pollution and costs this would be an example of responding and costs. This would be an example of responding to which of the following ?

5 / 50

Find out the term for the purpose that a buyer must pay for the goods at the time of its delivery ?

6 / 50

Which of the following is not a characteristic of a competitive market ?

7 / 50

Demography is a scientific study of human population with respect to ?

8 / 50

A society based on close personal ties is a_____________?

9 / 50

Term the group of countries that have removed all restrictions on trade among themselves?

10 / 50

All of the following are methods by which a company can divide up its sales responsibilities EXCEPT ?

11 / 50

Which one of the following is a normative statement ?

12 / 50

According to the U.S Census Bureau a CMSA is defined as__________________?

13 / 50

Public opinion is associated with_______________?

14 / 50

What is the total landmass of the country ?

15 / 50

Economics deals with_______________?

16 / 50

Thomas Malthus sated that________________?

17 / 50

Which measures. taken by a government would be intended to raise the price of imports ?

18 / 50

Pivotal institutions_________________?

19 / 50

Takatoshi Ito (1992) contends that parliamentary governments manipulate the timing of _____ while presidential governments manipulate the timing of _____?

20 / 50

A formal structure of an organizations is its_______________?

21 / 50

Credentialism opens jobs _______________?

22 / 50

The current account includes ?

23 / 50

Each point on the LM curve represents the equilibrium point in the ?

24 / 50

The terms of trade is given by the prices ?

25 / 50

The purchasing power parity theory has limitations in forecasting exchange rate fluctuations for all of the following reasons except ?

26 / 50

The period of high inflation and low economic growth is termed as ?

27 / 50

In the early eighties, the Federal Reserve pursed a tight monetary policy. All else being equal. the impact of that policy was to interest rates in the United States relative to those in Europe and cause the dollar to _______ against European currencies?

28 / 50

Restriction on import or export of specified or all goods with a foreign nation by the Government is called ?

29 / 50

Environmental pollution is the result of_________________?

30 / 50

If the price elasticity of demand is unit then a fall in price ?

31 / 50

Starting from a position where the nation?s money demand equals the money supply and its balance of payments is in equilibrium its balance of payments would move into a surplus position if there occurred in the nation a (an) ?

32 / 50

A current account deficit means that a country may ?

33 / 50

Master status refers to________________?

34 / 50

Fiscal policy is weak under floating exchanges rates as fiscal expansion ?

35 / 50

During the year 1999-2000 how much timber was contributed by the forest sector ?

36 / 50

The Ultimate effect of the invisible hand of Adam Smith is that in a competitive economy everyone ?

37 / 50

Government Securities with terms of more than one year are called ?

38 / 50

Which term is used for a country?s holdings of intentionally acceptable means of payment ?

39 / 50

Dynamic comparative advantage theory ?

40 / 50

Sales staff are keen to sell extended warranties because ?

41 / 50

Agriculture contributes about ________ to the GDP?

42 / 50

What is comprised by public sector ?

43 / 50

The implementation lag for monetary policy is generally ?

44 / 50

People often accept social control based on________________?

45 / 50

An example of an indirect tax is ?

46 / 50

What does one call property owned by the state in the name of the people ?

47 / 50

The American democratic system is based on________________?

48 / 50

Ethical neutrality is the opposite of_________________?

49 / 50

The opportunity cost of a good is______________?

50 / 50

The American Marketing Association suggests a list of code of ethics All of the following are ethics suggested in the area of distribution EXCEPT ?

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