Economics Quiz 67
1 / 50
By which process the holder of a mortgage seizes the property of a homeowner who has not made interest and or principal payments on time as stipulated in the mortgage contract ?
2 / 50
The Micropolitan Statistical Area consists of_______________?
3 / 50
Assume that firms in an oligopoly are currently colluding to set price and output to maximise total industry profit. If the oligopolists are forced to stop colluding, the price charged by the oligopolists will _________ and the total output produced will __________?
4 / 50
The average tax rate is ?
5 / 50
The firms long run output decision will be where ?
6 / 50
Engineers lawyer?s investment bankers? top CEOs entertainers and so on are described as_____________?
7 / 50
The percentage of people around the world who lived in cities in 2005 is approximately________________?
8 / 50
Which economics doctrine opposes government regulation or interference in commerce beyond the minimum necessary for a free enterprise system to operate according to its own economics laws and non-interference in affairs of others ?
9 / 50
Hitler led the German people by emotional speeches He derived his authority from________________?
10 / 50
About ____ of land is cultivated through irrigation water?
11 / 50
Since 1998 many government have defined unemployment using ?
12 / 50
Stressing the desirability of retaining each group,s cultural distinctiveness is part of the ideology of______________?
13 / 50
By adjusting the model of comparative advantage to include transportation costs along with production costs we would expect ?
14 / 50
The fraction of change in income that is consumed or spend is called ?
15 / 50
All of the following factors can affect the attractiveness of a market segment EXCEPT ?
16 / 50
In the events of an increase in the international price of oil that encouraged the central bank to accept lower real interest rates, inflation would most likely ?
17 / 50
The social sciences were initially concerned with the consequences of_______________?
18 / 50
The Protestant Ethic and the Spirit of Capitalism was written by ?
19 / 50
Congressional representation is based on______________?
20 / 50
Which term is used for an addition to normal payment by a company or extra payment of gratuity to workers ?
21 / 50
Political ideology deals with______________?
22 / 50
The participation rate in the labour force is affected by ?
23 / 50
Polish economist Oskar Lange?s model of decentralized ______ combined the advantages of market allocation with more uniform income distribution by dividing the returns from social ownership of nonhuman productive resources among the whole population ?
24 / 50
If buyers are rational and there is no market failure ?
25 / 50
According to classical models, the level of employment is determined primarily by ?
26 / 50
When a market is contestable, incumbent firms must __________ to avoid the entry of new competitors?
27 / 50
When a minority group accepts the culture of the dominant group it is called_______________?
28 / 50
Infant mortality ?
29 / 50
From the sale of capital assets tax is levied on profits. What this tax is called ?
30 / 50
Which of the following is most likely to be a variable cost for a firm ?
31 / 50
The reason for the kinked demand curve is that ?
32 / 50
Similarities common to all cultures are called_________________?
33 / 50
According to the law of diminishing utility ?
34 / 50
Maintaining full employment stabilizing the economy and pursuing economic growth are issues analyzed in the context of_______________?
35 / 50
A shift is demand will have more effect on price than quantity if ?
36 / 50
Data are important in economics because _________ and ____________?
37 / 50
Which of the following groups determine market transactions ?
38 / 50
The chain of events that results from an expansionary monetary policy is ?
39 / 50
According to the differential association theory deviant acts are_________________?
40 / 50
The classical conservative approach to stratification is that____________?
41 / 50
During the Enlightenment of the 18th century_______________?
42 / 50
The text primarily applied Weber,s notion of status to______________?
43 / 50
In general, if a benevolent social planner wanted to maximize the total benefits received by buyers and sellers in a market, the planner should?
44 / 50
Baran?s Neo-Marxist thesis has been criticized for ignoring the probability that power is frequently ?
45 / 50
The most logical budget setting method is found in the list below. Which is it ?
46 / 50
South Africa is the chief exporter of ?
47 / 50
A reference group is a(n) ?
48 / 50
The opportunity cost of one DVD in South Korea is ?
49 / 50
International trade is based on the nation that ?
50 / 50
The current growth rate of population in Pakistan is ?
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