Economics Quiz 7
1 / 50
Suppose that tomatoes from Mexico face a 20 percent tariff in the United States and a 25 percent tariff in Canada. If the United States and Canada maintain free trade between each other, the these two countries belong to a ?
2 / 50
A culture complex is_______________?
3 / 50
If Honda uses its company name to cover such different products as its automobile?s lawn mowers and motorcycles, it is practicing which of the following strategies ?
4 / 50
The firm would maximize profit by selling computers in the United States at a price of __________ and _________ computers in Japan at a price of __________?
5 / 50
The income elasticity is +2 and income increases by 20% sales were 5000 units, what will they be now ?
6 / 50
When capital mobility is perfect interest rate differentials will tend to be offset by ?
7 / 50
People who suffer from status inconsistency__________________?
8 / 50
The primary reason that many companies work to become the low cost producers in their industry is because ?
9 / 50
What is underwriter ?
10 / 50
Which of the following nations can be trusted NOT to explode atomic bombs on the surface of the earth ?
11 / 50
Which of the following programs are particularly dependent upon state resources ?
12 / 50
Injection into the circular flow are ______ and __________?
13 / 50
If, in the long run, people adjust their price expectations so that all prices and incomes move proportionately to an increase in the price level then the long-run Phillips curve ?
14 / 50
The single European Act committed ________ governments to a ________ in 1992?
15 / 50
Unemployment resulting from real wages being above their equilibrium level is called _________ unemployment?
16 / 50
A medical model of deviance assumes that it is caused by_________________?
17 / 50
Members of the EU find that trade creation|| is fostered when their economies are ?
18 / 50
Max Weber,s notion of life chances closely resembles the concept of________________?
19 / 50
When supply and demand for money are expressed in a graph with the interest rate on the vertical axis and the quantity of money on the horizontal axis an increase in the price level ?
20 / 50
A way of calculating the total output of the economy and all incomes earned within the Pakistan regardless of whether the resources are Pakistan or foreign is_______________?
21 / 50
The major function of the legislative branch is_______________?
22 / 50
Birthrates remain high is the Third World because_________________?
23 / 50
If your income doubles and the prices of the goods you buy double then your demand for these goods will likely?
24 / 50
Countercultures are_______________?
25 / 50
In a perfectly competitive labour market firms are wage takers and the marginal cost of labour equals?
26 / 50
Urban renewal has_________________?
27 / 50
A firm that breaks even after all economic costs are paid is earning ?
28 / 50
When supply increase in an agricultural market farmer?s earning might fall because ?
29 / 50
Which of the following is Not true about external debt ?
30 / 50
Assume that a Big Mac hamburger cost $3 in the United States 2 pesos in Mexico The implied purchasing power parity exchange rate between the peso and the dollar is ?
31 / 50
Rules and Particles that govern the management of an organization are called ?
32 / 50
Participant observation_________________?
33 / 50
Each society must make the following decisions of an economic nature regarding the______________?
34 / 50
Between 1990 and 1999 car ownership per thousand of the population fell in ?
35 / 50
In the balance of payments the statistical discrepancy is used to ?
36 / 50
U.S total official development assistance to developing countries is ?
37 / 50
Economic development refers to ?
38 / 50
A company is practicing ________ if it focuses on subbasements with distinctive traits that may seek a special combination of benefits ?
39 / 50
Since the supply of undeveloped land is relatively inelastic a tax on undeveloped land would generate ?
40 / 50
Williamson suggests that managers might NOT try to achieve ?
41 / 50
In his book The Inevitability of Patriarchy Steven Goldberg asserts that_____________?
42 / 50
If the bank is selling francs for $0.45, then what is the implied franc price of the dollar ?
43 / 50
If the Keynesian consumption function is C = 10 + 0.8 Td when disposable income is Rs1000 total consumption is what ?
44 / 50
Import substitution is the replacement of ____ by domestic production _____ protection of ________?
45 / 50
How is known the process in which an investment company continually offers new shares and buys existing shares back on demand and uses its capital to invest in diversified securities of other companies ?
46 / 50
Which type of income is earned only the actor of production enterprise ?
47 / 50
The study of inflation is part of ?
48 / 50
The market for hand tools (such as hammers and screwdrivers) is dominated by Draper Stanley, and Craftsman This market is best described as ?
49 / 50
The biggest of greatest amount of involvement in a foreign market comes through which of the following ?
50 / 50
Investment funds are established for the supports of institutions such as hospitals investment is called ?
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