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