0% 0 Economics Quiz 7 1 / 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 ? new brand strategy brand extension strategy multiband strategy line extension strategy 2 / 50 Max Weber,s notion of life chances closely resembles the concept of________________? social status personal power social power occupational prestige 3 / 50 Investment funds are established for the supports of institutions such as hospitals investment is called ? Endowment funds Charity funds Investment fund Attached funds 4 / 50 Injection into the circular flow are ______ and __________? investment exports transfer payments investment government expenditure exports consumption investment exports taxes exports, transfer payments 5 / 50 Rules and Particles that govern the management of an organization are called ? Character By laws Internal laws Memorandum of articles 6 / 50 People who suffer from status inconsistency__________________? usually do not worry about it tend to suffer more frustration and dissatisfaction than those whose status is consistent work hard to accumulate wealth to make up for it willingly accept a lower status in return for social recognition 7 / 50 In his book The Inevitability of Patriarchy Steven Goldberg asserts that_____________? men dominate male-female relationships matriarchal societies have never existed men perform the highest status non-maternal roles in all societies all of the above 8 / 50 Economic development refers to ? economic growth plus changes in (c) output distribution and economic structure economic growth improvement in the well-being of the urban population sustainable increase in Gross National Product 9 / 50 In the balance of payments the statistical discrepancy is used to ? obtain an accurate account of a balance of payments surplus obtain an accurate account of a balance of payments deficit insure that trade imports equals the value of trade exports insure that the sum of all debits matches the sum of all credits 10 / 50 Between 1990 and 1999 car ownership per thousand of the population fell in ? Belgium Spain UK USA 11 / 50 The market for hand tools (such as hammers and screwdrivers) is dominated by Draper Stanley, and Craftsman This market is best described as ? monopolistically competitive an oligopoly a monopoly competitive 12 / 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 ? is vertical is positively sloped has a slope that is determined by how fast people adjust their price expectations is negatively sloped 13 / 50 Since the supply of undeveloped land is relatively inelastic a tax on undeveloped land would generate ? a small deadweight loss and the burden of the tax would fall on the renter a large deadweight loss and the burden of the tax would fall on the landlora a large deadweight loss and the burden of the tax would fall on the renter. a small deadweight loss and the burden of the tax would fall on the landlord 14 / 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 ? shifts money demand to the left and increases the interest rate shifts money demand to the right and decreases the interest rate None of these answers shifts money demand to the right and increases the interest rate 15 / 50 A medical model of deviance assumes that it is caused by_________________? illness all of the above mental defects abnormality 16 / 50 A company is practicing ________ if it focuses on subbasements with distinctive traits that may seek a special combination of benefits ? mass marketing niche marketing micro marketing segment marketing 17 / 50 A culture complex is_______________? a psychological condition a cluster of traits centered around a common activity one cultural trait a theater symphony hall and museum 18 / 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 ? 1.25 pesos = $1 0.67 pesos = $1 1.67 pesos = $1 0.8 pesos = $1 19 / 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 ? customs union common market free-trade area monetary union 20 / 50 When supply increase in an agricultural market farmer?s earning might fall because ? Supply is price elastic All output must be sold at a maximum price Demand is price inelastic The government buys up all the excess production 21 / 50 If the bank is selling francs for $0.45, then what is the implied franc price of the dollar ? 1.999 2 2.323 2.222 22 / 50 Countercultures are_______________? subcultures that refuse to assimilate the most active subcultures groups whose values are in explicit opposition to those of the wider societal culture groups whose values differ from the mainstream 23 / 50 The primary reason that many companies work to become the low cost producers in their industry is because ? they can gain tax advantages they can set lower prices that that result in greater sales and profits they can please top management they can generate more advertising 24 / 50 U.S total official development assistance to developing countries is ? is equivalent to Holland?s aid None of the above statements is true lowest among the OECD countries higher currently than it was in the 1960s and 1970s 25 / 50 Members of the EU find that trade creation|| is fostered when their economies are ? geographically distant highly noncompetitive highly competitive small in economic importance 26 / 50 Unemployment resulting from real wages being above their equilibrium level is called _________ unemployment? structural disequilibrium frictional natural 27 / 50 Which type of income is earned only the actor of production enterprise ? wages rent interest Profit 28 / 50 Which of the following nations can be trusted NOT to explode atomic bombs on the surface of the earth ? none of these China Russia France 29 / 50 The income elasticity is +2 and income increases by 20% sales were 5000 units, what will they be now ? 7000 5500 4500 3000 30 / 50 Import substitution is the replacement of ____ by domestic production _____ protection of ________? exports, patents exports, subsidies imports, subsidies imports, high tariffs or import quotas 31 / 50 If the Keynesian consumption function is C = 10 + 0.8 Td when disposable income is Rs1000 total consumption is what ? 800 0.8 810 0.81 32 / 50 Participant observation_________________? involves experimental controls requires the researcher to disguise his or her identity is exclusively used by anthropologists may compromise the objectivity of the researcher 33 / 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_______________? the NNP the GDP the SPQR the GNP 34 / 50 When capital mobility is perfect interest rate differentials will tend to be offset by ? expected exchange rate changes current account differences Price difference balance of payments difference 35 / 50 Which of the following is Not true about external debt ? External debt accumulates with international balance on goods services and income deficcits When debts are denominated in U.S dollars their appreciation during the 1990s increased the cost of servicing such debts In the 19901s LDCs relied increasingly on aid from DCs International lenders required LDC governments to guarantee private debt 36 / 50 The single European Act committed ________ governments to a ________ in 1992? Western European, single market Western European, single currency area European Union, single currency area European union, single market 37 / 50 In a perfectly competitive labour market firms are wage takers and the marginal cost of labour equals? The marginal revenue The total cost of labour The marginal product The average cost of labour 38 / 50 Williamson suggests that managers might NOT try to achieve ? job security a large number of subordinates maximum profits. respect of other managers. 39 / 50 The study of inflation is part of ? descriptive economics macroeconomics. microeconomics normative economics 40 / 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 __________? 500, $1,400, 400 $800 200, $2,000, 100 $1,000 300, $1,800, 400 $800 300, $1,800, 800 $800 41 / 50 Which of the following programs are particularly dependent upon state resources ? Corporate growth The Social Security system Public education Public housing 42 / 50 Each society must make the following decisions of an economic nature regarding the______________? time place and quantity of production assessment collection and counting of taxes production distribution and consumption of goods and services measurement of land water and minerals 43 / 50 A firm that breaks even after all economic costs are paid is earning ? Economic profit Normal profit Accounting profit Supernormal profit 44 / 50 If your income doubles and the prices of the goods you buy double then your demand for these goods will likely? shift not change decrease increase 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 ? combine fund Liquid fund Stock holding company Mutual fund 46 / 50 Birthrates remain high is the Third World because_________________? all of the above contraception is either opposed or not properly practiced there has been cultural lag following superimposed industrialization in many cultures a man,s worth is measured by the number of his children 47 / 50 Urban renewal has_________________? eliminated housing discrimination secured many jobs for the poor moved residents but not improved conditions provided good housing for the poor 48 / 50 What is underwriter ? All of them To sign so as to assume liability in case of specified losses To guarantee the purchase or to agree to buy the unsold part of stock at fixed time and price To assume financial responsibility for grantee against failure 49 / 50 The major function of the legislative branch is_______________? ensure that legislation is carried out to enact legislation none of the above get around the administration 50 / 50 The biggest of greatest amount of involvement in a foreign market comes through which of the following ? Direct investment Licensing Exporting Joint venturing Provide Your Information Your score is The average score is 0% LinkedIn Facebook Twitter 0% Restart quiz Send feedback Share on facebook Facebook Share on twitter Twitter Share on whatsapp WhatsApp PrevEconomics Quiz 6 Economics Quiz 8Next
