0% 0 Economics Quiz 7 1 / 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 2 / 50 The biggest of greatest amount of involvement in a foreign market comes through which of the following ? Direct investment Joint venturing Exporting Licensing 3 / 50 In his book The Inevitability of Patriarchy Steven Goldberg asserts that_____________? matriarchal societies have never existed all of the above men perform the highest status non-maternal roles in all societies men dominate male-female relationships 4 / 50 A medical model of deviance assumes that it is caused by_________________? abnormality illness all of the above mental defects 5 / 50 A company is practicing ________ if it focuses on subbasements with distinctive traits that may seek a special combination of benefits ? micro marketing mass marketing niche marketing segment marketing 6 / 50 U.S total official development assistance to developing countries is ? None of the above statements is true higher currently than it was in the 1960s and 1970s is equivalent to Holland?s aid lowest among the OECD countries 7 / 50 The income elasticity is +2 and income increases by 20% sales were 5000 units, what will they be now ? 7000 3000 5500 4500 8 / 50 Unemployment resulting from real wages being above their equilibrium level is called _________ unemployment? disequilibrium natural frictional structural 9 / 50 The market for hand tools (such as hammers and screwdrivers) is dominated by Draper Stanley, and Craftsman This market is best described as ? a monopoly competitive monopolistically competitive an oligopoly 10 / 50 Max Weber,s notion of life chances closely resembles the concept of________________? occupational prestige personal power social power social status 11 / 50 In the balance of payments the statistical discrepancy is used to ? insure that the sum of all debits matches the sum of all credits obtain an accurate account of a balance of payments surplus insure that trade imports equals the value of trade exports obtain an accurate account of a balance of payments deficit 12 / 50 A culture complex is_______________? one cultural trait a theater symphony hall and museum a cluster of traits centered around a common activity a psychological condition 13 / 50 The major function of the legislative branch is_______________? get around the administration none of the above ensure that legislation is carried out to enact legislation 14 / 50 Williamson suggests that managers might NOT try to achieve ? job security a large number of subordinates respect of other managers. maximum profits. 15 / 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 negatively sloped has a slope that is determined by how fast people adjust their price expectations is positively sloped is vertical 16 / 50 In a perfectly competitive labour market firms are wage takers and the marginal cost of labour equals? The marginal product The total cost of labour The average cost of labour The marginal revenue 17 / 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 Stock holding company Mutual fund Liquid fund 18 / 50 When capital mobility is perfect interest rate differentials will tend to be offset by ? Price difference expected exchange rate changes current account differences balance of payments difference 19 / 50 A firm that breaks even after all economic costs are paid is earning ? Accounting profit Economic profit Supernormal profit Normal profit 20 / 50 If the Keynesian consumption function is C = 10 + 0.8 Td when disposable income is Rs1000 total consumption is what ? 800 0.8 0.81 810 21 / 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 free-trade area monetary union common market 22 / 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 None of these answers shifts money demand to the right and decreases the interest rate shifts money demand to the right and increases the interest rate 23 / 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 GNP the NNP the GDP the SPQR 24 / 50 What is underwriter ? To assume financial responsibility for grantee against failure 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 All of them 25 / 50 If your income doubles and the prices of the goods you buy double then your demand for these goods will likely? increase shift not change decrease 26 / 50 Since the supply of undeveloped land is relatively inelastic a tax on undeveloped land would generate ? a large deadweight loss and the burden of the tax would fall on the landlora a small deadweight loss and the burden of the tax would fall on the landlord 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 renter. 27 / 50 Which type of income is earned only the actor of production enterprise ? wages rent interest Profit 28 / 50 If the bank is selling francs for $0.45, then what is the implied franc price of the dollar ? 1.999 2.323 2.222 2 29 / 50 Import substitution is the replacement of ____ by domestic production _____ protection of ________? imports, high tariffs or import quotas imports, subsidies exports, patents exports, subsidies 30 / 50 Participant observation_________________? may compromise the objectivity of the researcher requires the researcher to disguise his or her identity is exclusively used by anthropologists involves experimental controls 31 / 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 ? line extension strategy brand extension strategy new brand strategy multiband strategy 32 / 50 When supply increase in an agricultural market farmer?s earning might fall because ? Demand is price inelastic The government buys up all the excess production Supply is price elastic All output must be sold at a maximum price 33 / 50 Injection into the circular flow are ______ and __________? consumption investment exports taxes exports, transfer payments investment government expenditure exports investment exports transfer payments 34 / 50 Between 1990 and 1999 car ownership per thousand of the population fell in ? Spain Belgium UK USA 35 / 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 __________? 300, $1,800, 400 $800 300, $1,800, 800 $800 200, $2,000, 100 $1,000 500, $1,400, 400 $800 36 / 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 ? 0.67 pesos = $1 1.25 pesos = $1 1.67 pesos = $1 0.8 pesos = $1 37 / 50 Birthrates remain high is the Third World because_________________? contraception is either opposed or not properly practiced all of the above in many cultures a man,s worth is measured by the number of his children there has been cultural lag following superimposed industrialization 38 / 50 Countercultures are_______________? groups whose values are in explicit opposition to those of the wider societal culture groups whose values differ from the mainstream the most active subcultures subcultures that refuse to assimilate 39 / 50 Which of the following programs are particularly dependent upon state resources ? Corporate growth Public housing Public education The Social Security system 40 / 50 Members of the EU find that trade creation|| is fostered when their economies are ? small in economic importance highly competitive highly noncompetitive geographically distant 41 / 50 Which of the following nations can be trusted NOT to explode atomic bombs on the surface of the earth ? China Russia none of these France 42 / 50 The study of inflation is part of ? normative economics descriptive economics macroeconomics. microeconomics 43 / 50 Investment funds are established for the supports of institutions such as hospitals investment is called ? Charity funds Endowment funds Attached funds Investment fund 44 / 50 Rules and Particles that govern the management of an organization are called ? Character By laws Memorandum of articles Internal laws 45 / 50 The single European Act committed ________ governments to a ________ in 1992? Western European, single market European Union, single currency area European union, single market Western European, single currency area 46 / 50 The primary reason that many companies work to become the low cost producers in their industry is because ? they can set lower prices that that result in greater sales and profits they can generate more advertising they can please top management they can gain tax advantages 47 / 50 Urban renewal has_________________? secured many jobs for the poor provided good housing for the poor moved residents but not improved conditions eliminated housing discrimination 48 / 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 49 / 50 Each society must make the following decisions of an economic nature regarding the______________? assessment collection and counting of taxes production distribution and consumption of goods and services time place and quantity of production measurement of land water and minerals 50 / 50 People who suffer from status inconsistency__________________? usually do not worry about it willingly accept a lower status in return for social recognition tend to suffer more frustration and dissatisfaction than those whose status is consistent work hard to accumulate wealth to make up for it 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
