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Economics Quiz 73

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Economics Quiz 73

1 / 50

If your company were to make light bulbs to be used in photocopiers you would most likely be selling to a _________ market?

2 / 50

What is the currency of Western Sahara ?

3 / 50

If demand is __________ then price cuts will _________ spending?

4 / 50

The typical method of retail operation used by supermarkets and catalog showrooms is called ?

5 / 50

Which crop is affected by the disease called blast ?

6 / 50

Which of the following is an unintended function of education ?

7 / 50

Which of the following explanations of wage differentials is not likely to be true ?

8 / 50

Which of the following is not a quasi-public good ?

9 / 50

In order to raise the GNP and the GDP per capita one must____________?

10 / 50

The resources in the economy do not include ?

11 / 50

Which of the following statements about efficiency wage theory is true ?

12 / 50

Merit goods are ?

13 / 50

If you income during one year is Rs10,000 and the following year it is Rs12,000 then it has grown by ________________?

14 / 50

Antidumping duties are used to ?

15 / 50

Which best describes a demand curve ?

16 / 50

Wisconsin in the US leading distributor in what producer ?

17 / 50

Which of the following is not true about most farmers in LDCs ?

18 / 50

American foreign aid after World War II_________________?

19 / 50

A decline in the rural population was due chiefly to________________?

20 / 50

If your grandparents buy a newly built retirement home, this transaction would affect ?

21 / 50

An extreme example of the consequences of ethnocentrism in the sense of ethnochauvinism is_____________?

22 / 50

If a large car importer in the Pakistan wants to import many cars, then the exchange value of the Pak rupees will tend to ?

23 / 50

Refers to Exhibit 4. Suppose the economy is operating in a recession such as point B in Exhibit 4. If policy makers wished to move output to its long run natural rate they should attempt to ?

24 / 50

Which index combines measures of calorie availability (in relation to requirement) the growth of per capita daily energy supply food production food staples self-sufficiency, and variability of food production and consumption ?

25 / 50

How are decisions about production made in a market economy ?

26 / 50

A professional trained in a narrow abstract field is a________________?

27 / 50

A tax of 15 percent per imported item would be an example of a (an) ?

28 / 50

Structural functionalism is the intellectual descendent of________________?

29 / 50

In macroeconomics, equilibrium is defined as that point at which ?

30 / 50

The basic assertion of ageism is that________________?

31 / 50

What is the rate of exchange or exchange rate ?

32 / 50

An accountant is part of which sector ?

33 / 50

In monopoly when abnormal profits are made ?

34 / 50

Common market is an agreement between two or more countries. What this agreement permits ?

35 / 50

What is the top sheep producing country ?

36 / 50

Economic growth may depend upon _____ and _____?

37 / 50

If the economy is in the recessionary phase of the business cycle, aggregate demand ___ unemployment ____ inflation ___ and the current account of the balance of payments is likely to move towards ____?

38 / 50

Goodhart?s Law suggests that ?

39 / 50

Which of the following statements about the burden of a tax is correct ?

40 / 50

The multiplier tells us how much __________ changes after a shift in ____________?

41 / 50

The price of apples falls by 5% and quantity demanded increases by 6% This means that demand is ?

42 / 50

The Upper Swat Canal starts from ?

43 / 50

Federalism many be defined as a system of_____________________?

44 / 50

As a person age_____________?

45 / 50

Government policy about exports and imports is called ?

46 / 50

Land will be allocated between competing uses so that ?

47 / 50

Which of the following is the correct group of Kharif Crops ?

48 / 50

Gambling and prostitution are included in the category of______________?

49 / 50

A product will be traded only if the pre-trade price difference between the two countries ?

50 / 50

Which of the following would increase aggregate demand ?

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