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