Economics Quiz 69
1 / 50
If marginal revenue equals marginal cost ?
2 / 50
Tuvalu is composed of 9 coral atolls along a 360-mile chain in Polynesia They gained independence in 1978 The former Ellice Island are home to 9,700 people if GNP of Tuvalu is $300 million in 2005 GNP per capital is ?
3 / 50
When economies speak of the demand for money which of the following are they asking ?
4 / 50
The most industrialized country in Asia is ?
5 / 50
The natural rate of unemployment is likely to fall if ?
6 / 50
The highest population growth rate in the world is ?
7 / 50
The anthropologist George Murdock believes that the family _____________________?
8 / 50
The equilibrium rate of unemployment at any real wage, is the difference between ______ and ______?
9 / 50
The basic components of the state include ALL BUT WHICH of the following ?
10 / 50
Interest groups may be defined as__________________?
11 / 50
The classical trade theories of Smith and Ricardo predict that ?
12 / 50
If a group of countries abolish trade barriers between them and set same tariffs on goods coming in from other countries they are a ?
13 / 50
All of the following are high income countries except ?
14 / 50
The assets market approach is most helpful in explaining ?
15 / 50
What is deflation________________?
16 / 50
Under managed floating exchange rates if the rate of inflation in the United States is less than the rate of inflation of its trading partners the dollar will likely ?
17 / 50
If an economy is productively efficient ?
18 / 50
It is necessary to ration a good whenever ?
19 / 50
Markets fail to produce an efficient allocation of resources, but government also fail because ?
20 / 50
The current Palestinians are a_____________?
21 / 50
The business cycle is not transmitted from one country to another through ?
22 / 50
Higher summer temperature stiff soil capable of supporting heavy weight of plant is essential for ?
23 / 50
Before the Treaty of Westphalia (1648) political organization around the world had been_________________?
24 / 50
If injections are less than withdrawals at the full-employment level of national income, there is ?
25 / 50
The Paasche index uses _________ weights?
26 / 50
Which of the following takes place when a tax is placed a good ?
27 / 50
Role strain___________?
28 / 50
What is called an internet strategy of dealing directly with business rather than consumer ?
29 / 50
How is termed the government?s order to prevent the arrival or departure of merchant ships or to restrict import or export of specified or all goods with a foreign nation ?
30 / 50
A nationalistic revolution occurred in the________________?
31 / 50
The political process_______________?
32 / 50
The modern approach to studying social classes based on several dimensions of the stratification system is the______________?
33 / 50
The three measure of welfare indicators above comprise the ?
34 / 50
The relative-wage explanation for the existence of downwardly sticky wages emphasizes ?
35 / 50
The density of population in Punjab is ?
36 / 50
Fascism first emerged ?
37 / 50
Statement A: The might of a country consists of gaining surpluses of gold and silver Statement B: A nation?s strength is found in economic independence and the maintenance of a favorable balance of trade Statement C: We need to gain colonies both as sources for raw materials and as markets for our manufactured of goods Which economic system is being described by these statements ?
38 / 50
In cartels ?
39 / 50
A nation wishing to reduce its current account deficit would be advised to ?
40 / 50
Japan?s lean production method is modeled on a system worked out at_______________?
41 / 50
Where ?Nikkei Stock average? applies ?
42 / 50
Latino neighborhoods have prospered because________________?
43 / 50
R&D and engineering first produce the product concept into a physical product during which of the following stages of the new product development process ?
44 / 50
In which of crops Russia does not lead ?
45 / 50
Which of the following is true under pairwise majority rule if people vote for the outcome closest to their most preferred outcome ?
46 / 50
Ecology is the discipline concerned with________________?
47 / 50
Injections are?
48 / 50
If desired spending in the economy exceeds income we would expect ?
49 / 50
The positive relationship between price and quantity supplied is called:_________?
50 / 50
Gross National income is always more than Net National income because it includes ?
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