Economics Quiz 73
1 / 50
Common market is an agreement between two or more countries. What this agreement permits ?
2 / 50
Which of the following explanations of wage differentials is not likely to be true ?
3 / 50
Government policy about exports and imports is called ?
4 / 50
Land will be allocated between competing uses so that ?
5 / 50
Merit goods are ?
6 / 50
Federalism many be defined as a system of_____________________?
7 / 50
The basic assertion of ageism is that________________?
8 / 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 ?
9 / 50
Wisconsin in the US leading distributor in what producer ?
10 / 50
An extreme example of the consequences of ethnocentrism in the sense of ethnochauvinism is_____________?
11 / 50
If demand is __________ then price cuts will _________ spending?
12 / 50
If your company were to make light bulbs to be used in photocopiers you would most likely be selling to a _________ market?
13 / 50
An accountant is part of which sector ?
14 / 50
Antidumping duties are used to ?
15 / 50
Goodhart?s Law suggests that ?
16 / 50
The multiplier tells us how much __________ changes after a shift in ____________?
17 / 50
In order to raise the GNP and the GDP per capita one must____________?
18 / 50
How are decisions about production made in a market economy ?
19 / 50
In monopoly when abnormal profits are made ?
20 / 50
If you income during one year is Rs10,000 and the following year it is Rs12,000 then it has grown by ________________?
21 / 50
What is the top sheep producing country ?
22 / 50
Which of the following is an unintended function of education ?
23 / 50
Economic growth may depend upon _____ and _____?
24 / 50
The typical method of retail operation used by supermarkets and catalog showrooms is called ?
25 / 50
Structural functionalism is the intellectual descendent of________________?
26 / 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 ?
27 / 50
A decline in the rural population was due chiefly to________________?
28 / 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 ?
29 / 50
A professional trained in a narrow abstract field is a________________?
30 / 50
If your grandparents buy a newly built retirement home, this transaction would affect ?
31 / 50
What is the currency of Western Sahara ?
32 / 50
Gambling and prostitution are included in the category of______________?
33 / 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 ____?
34 / 50
The price of apples falls by 5% and quantity demanded increases by 6% This means that demand is ?
35 / 50
What is the rate of exchange or exchange rate ?
36 / 50
A tax of 15 percent per imported item would be an example of a (an) ?
37 / 50
Which of the following statements about the burden of a tax is correct ?
38 / 50
The resources in the economy do not include ?
39 / 50
The Upper Swat Canal starts from ?
40 / 50
Which of the following is the correct group of Kharif Crops ?
41 / 50
A product will be traded only if the pre-trade price difference between the two countries ?
42 / 50
As a person age_____________?
43 / 50
Which of the following statements about efficiency wage theory is true ?
44 / 50
Which best describes a demand curve ?
45 / 50
Which of the following is not a quasi-public good ?
46 / 50
American foreign aid after World War II_________________?
47 / 50
In macroeconomics, equilibrium is defined as that point at which ?
48 / 50
Which of the following is not true about most farmers in LDCs ?
49 / 50
Which crop is affected by the disease called blast ?
50 / 50
Which of the following would increase aggregate demand ?
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