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
When a minority group accepts the culture of the dominant group it is called_______________?
3 / 50
Data are important in economics because _________ and ____________?
4 / 50
The opportunity cost of one DVD in South Korea is ?
5 / 50
A shift is demand will have more effect on price than quantity if ?
6 / 50
Similarities common to all cultures are called_________________?
7 / 50
According to classical models, the level of employment is determined primarily by ?
8 / 50
A reference group is a(n) ?
9 / 50
The participation rate in the labour force is affected by ?
10 / 50
The most logical budget setting method is found in the list below. Which is it ?
11 / 50
According to the law of diminishing utility ?
12 / 50
International trade is based on the nation that ?
13 / 50
Infant mortality ?
14 / 50
The fraction of change in income that is consumed or spend is called ?
15 / 50
Which of the following is most likely to be a variable cost for a firm ?
16 / 50
The Protestant Ethic and the Spirit of Capitalism was written by ?
17 / 50
By adjusting the model of comparative advantage to include transportation costs along with production costs we would expect ?
18 / 50
The firms long run output decision will be where ?
19 / 50
According to the differential association theory deviant acts are_________________?
20 / 50
Stressing the desirability of retaining each group,s cultural distinctiveness is part of the ideology of______________?
21 / 50
The percentage of people around the world who lived in cities in 2005 is approximately________________?
22 / 50
All of the following factors can affect the attractiveness of a market segment EXCEPT ?
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
South Africa is the chief exporter of ?
25 / 50
Since 1998 many government have defined unemployment using ?
26 / 50
From the sale of capital assets tax is levied on profits. What this tax is called ?
27 / 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 __________?
28 / 50
Congressional representation is based on______________?
29 / 50
The reason for the kinked demand curve is that ?
30 / 50
Political ideology deals with______________?
31 / 50
The Micropolitan Statistical Area consists of_______________?
32 / 50
About ____ of land is cultivated through irrigation water?
33 / 50
The text primarily applied Weber,s notion of status to______________?
34 / 50
The average tax rate is ?
35 / 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 ?
36 / 50
Hitler led the German people by emotional speeches He derived his authority from________________?
37 / 50
When a market is contestable, incumbent firms must __________ to avoid the entry of new competitors?
38 / 50
Engineers lawyer?s investment bankers? top CEOs entertainers and so on are described as_____________?
39 / 50
Which term is used for an addition to normal payment by a company or extra payment of gratuity to workers ?
40 / 50
If buyers are rational and there is no market failure ?
41 / 50
The classical conservative approach to stratification is that____________?
42 / 50
The chain of events that results from an expansionary monetary policy is ?
43 / 50
Maintaining full employment stabilizing the economy and pursuing economic growth are issues analyzed in the context of_______________?
44 / 50
The social sciences were initially concerned with the consequences of_______________?
45 / 50
The current growth rate of population in Pakistan is ?
46 / 50
Which of the following groups determine market transactions ?
47 / 50
During the Enlightenment of the 18th century_______________?
48 / 50
Baran?s Neo-Marxist thesis has been criticized for ignoring the probability that power is frequently ?
49 / 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?
50 / 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 ?
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