Economics Quiz 67
1 / 50
International trade is based on the nation that ?
2 / 50
A shift is demand will have more effect on price than quantity if ?
3 / 50
All of the following factors can affect the attractiveness of a market segment EXCEPT ?
4 / 50
The participation rate in the labour force is affected by ?
5 / 50
Which term is used for an addition to normal payment by a company or extra payment of gratuity to workers ?
6 / 50
The fraction of change in income that is consumed or spend is called ?
7 / 50
According to classical models, the level of employment is determined primarily by ?
8 / 50
The Micropolitan Statistical Area consists of_______________?
9 / 50
The current growth rate of population in Pakistan is ?
10 / 50
The opportunity cost of one DVD in South Korea is ?
11 / 50
The reason for the kinked demand curve is that ?
12 / 50
A reference group is a(n) ?
13 / 50
Infant mortality ?
14 / 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 ?
15 / 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 ?
16 / 50
About ____ of land is cultivated through irrigation water?
17 / 50
Which of the following is most likely to be a variable cost for a firm ?
18 / 50
If buyers are rational and there is no market failure ?
19 / 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 __________?
20 / 50
The most logical budget setting method is found in the list below. Which is it ?
21 / 50
Hitler led the German people by emotional speeches He derived his authority from________________?
22 / 50
Data are important in economics because _________ and ____________?
23 / 50
South Africa is the chief exporter of ?
24 / 50
The chain of events that results from an expansionary monetary policy is ?
25 / 50
Similarities common to all cultures are called_________________?
26 / 50
By adjusting the model of comparative advantage to include transportation costs along with production costs we would expect ?
27 / 50
Which of the following groups determine market transactions ?
28 / 50
Since 1998 many government have defined unemployment using ?
29 / 50
Maintaining full employment stabilizing the economy and pursuing economic growth are issues analyzed in the context of_______________?
30 / 50
The percentage of people around the world who lived in cities in 2005 is approximately________________?
31 / 50
According to the differential association theory deviant acts are_________________?
32 / 50
The firms long run output decision will be where ?
33 / 50
When a minority group accepts the culture of the dominant group it is called_______________?
34 / 50
According to the law of diminishing utility ?
35 / 50
Engineers lawyer?s investment bankers? top CEOs entertainers and so on are described as_____________?
36 / 50
The social sciences were initially concerned with the consequences of_______________?
37 / 50
From the sale of capital assets tax is levied on profits. What this tax is called ?
38 / 50
When a market is contestable, incumbent firms must __________ to avoid the entry of new competitors?
39 / 50
The Protestant Ethic and the Spirit of Capitalism was written by ?
40 / 50
The average tax rate is ?
41 / 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?
42 / 50
Stressing the desirability of retaining each group,s cultural distinctiveness is part of the ideology of______________?
43 / 50
The classical conservative approach to stratification is that____________?
44 / 50
The text primarily applied Weber,s notion of status to______________?
45 / 50
During the Enlightenment of the 18th century_______________?
46 / 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 ?
47 / 50
Congressional representation is based on______________?
48 / 50
Political ideology deals with______________?
49 / 50
Baran?s Neo-Marxist thesis has been criticized for ignoring the probability that power is frequently ?
50 / 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 ?
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