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