Economics Quiz 66
1 / 50
The government increase the minimum wage. The National Association of Fast Food Restaurants hires you to determine the impact that this higher minimum wage will have on it industry. This is an example of ?
2 / 50
Refer to Figure 1 What percent of the population vote for A when the choice is between A and B ?
3 / 50
Collective behavior is________________?
4 / 50
A shift in supply will have a bigger effect on price than output if demand is ?
5 / 50
What function do politicians serve according to pluralists ?
6 / 50
A set of alternative commodity bundles that a person can command in a society using the totality of rights and opportunities that he possesses is known as ?
7 / 50
If an increase in the price of blue jeans leads to an increase in the demand for tennis shoes, then blue jeans and tennis shoes are ?
8 / 50
Which of the following is FALSE? Scientific observation ?
9 / 50
In 2010-11 the yield of rice in Pakistan was ?
10 / 50
The Marginal Revenue Product is ?
11 / 50
IF GDP for Maldivies is $435 million in 2012 and the GDP per capita is $1576.087 the population of the country must be ?
12 / 50
The social sciences first emerged ?
13 / 50
The civil rights movement in the United States was a_________________?
14 / 50
Which of the following is not a function of a commercial bank?
15 / 50
Firms sell their products in________________?
16 / 50
Demand pull inflation may be caused by ?
17 / 50
What is called the market in which forces of demand and supply are not in the control of government ?
18 / 50
Suppose that the nominal tariff rate on finished computers is 12 percent and that the weighted average of the nominal tariff rates on the inputs used in producing computers is 18 percent. Thus, the effective rate of protection for the computer industry must ?
19 / 50
The crowd at a religious revival meeting is_______________?
20 / 50
Irrigation was developed in the Indus Valley Civilization by around ______?
21 / 50
An ascribed status that a person cannot change is________________?
22 / 50
Accounting profit is equal to total revenue minus ?
23 / 50
Which condition is a major obstacle to economic development in the Middle East and Northern Africa ?
24 / 50
The theory of overlapping demand predicts that trade in manufactured goods is unimportant for countries with very different ?
25 / 50
International trade forces domestic firms to become more competitive in terms of ?
26 / 50
Bilateral aid ?
27 / 50
If the Pakistan receives larger than expected revenues from exports then the exchange value of its currency will tend to ?
28 / 50
In contestable markets large oligopolistic firms end up behaving like ?
29 / 50
A company?s first sale of stock to the public is called ?
30 / 50
What is the share of rural population in the total population of Pakistan ?
31 / 50
The crop most susceptible to frost it ?
32 / 50
Which of the following is the Prevalent public health problem has been observed in the country ?
33 / 50
Which of the following is true with regard to a tax on labor income? Taxes on labor income tend to encourage ?
34 / 50
Which of the following is a problem for monetary policy in a currency union ?
35 / 50
Conditions associated with long-term marriages include_________________?
36 / 50
A prison is a______________?
37 / 50
If the relative price (MRT) of S were to increase, then the price line would ?
38 / 50
A price reduction to buyers who buy in large volumes is called a(n) ?
39 / 50
Point out the term for producer goods such as machinery that is used in production of commodities ?
40 / 50
For the Eurozone countries, the most important source of the downward slope of the aggregate demand curve is probably ?
41 / 50
The earliest and least complex society was___________?
42 / 50
The highest victimization rates occur________________?
43 / 50
The marginal revenue product of labour is ?
44 / 50
X inefficiency occurs when ?
45 / 50
Setting call objectives is done during which of the following stages of the selling process?
46 / 50
If an increase in the price of a good has no impact on the total revenue in that market demand must be ?
47 / 50
According to criminologists_______________?
48 / 50
The largest spoken language in Pakistan is ?
49 / 50
The diagram that shows the income received and payments made by each sector of the economy is the ?
50 / 50
An upward shift in marginal cost _____ output and an upward shift in marginal revenue ______ output?
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