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Economics Quiz 75

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Economics Quiz 75

1 / 50

A merger in which firms at various stages in a production process combine is a ?

2 / 50

What is the top cattle producing country ?

3 / 50

The process that turns marketing strategies and plans into marketing actions in order to accomplish strategic marketing objectives is called ?

4 / 50

The ______ holds that consumers will favor products that are available and highly affordable (therefore, work on improving production and distribution efficiency) ?

5 / 50

Keiretsu refers to ?

6 / 50

During a given period how the economic activity of a nation is measured?

7 / 50

Which of the following government policies is least likely to increase likely to increase growth in Africa ?

8 / 50

The term liquidate refers to pay off a debt, a claim or an obligation or to settle the affairs by determining liabilities and applying assets to their discharge. What is also converted by the term?

9 / 50

Which of the following is an example of a common resource ?

10 / 50

Normative economics Forms ________ based on ________?

11 / 50

Idiosyncratic risk is the ?

12 / 50

Total increase from Rs500 to Rs600 When output increases from 20 to 30 units Fixed costs are Rs200 Which of the following is true ?

13 / 50

What will a decrease in the supply of fishermen do to the market for capital employed in the fishing industry ?

14 / 50

If a production function exhibits diminishing marginal product. its slope ?

15 / 50

Studying the interaction between government and the economy would occur on a______________?

16 / 50

Demand for a normal product may shift outwards if ?

17 / 50

Which American industry has least been affected by import competition in recent years ?

18 / 50

Surplus labor theories assume that ?

19 / 50

Adam Smith was __________?

20 / 50

Suppose that the world price of tin is above the target (ceiling) price that is defined by an international commodity agreement. To move the world price toward the target price, a buffer stock agreement would require its buffer stock manager to ____ tin and an export quota agreement would require that member countries _________ their export of tin?

21 / 50

Which is NOT an aim of the process of socialization ?

22 / 50

________ is setting the price steps between various products in a product the based on cost difference between the products, customer evaluations of different features, and competitors prices ?

23 / 50

Which of the following statements is true about the impact of an increase in the price of lettuce ?

24 / 50

In the long run, if a very small factory were to expand its scale of operations it is likely that it would initially experience ?

25 / 50

There is a decentralized market where geographically dispersed dealers are linked by telephones and computer screens. The market is for securities not listed on a stock or bond exchange. Name the market ?

26 / 50

An example of fiat money is ?

27 / 50

Which of the following statements is true ?

28 / 50

When average cost is falling marginal cost is ________ and when average cost is rising marginal cost is?

29 / 50

Since World War II, people in both Africa and Latin America have moved from rural to urban areas, The major cause of this movement has been the ?

30 / 50

The largest volume of foreign exchange trading takes place in ?

31 / 50

The Physical Quality of Life Index (PQLI) combines three indicators They are ?

32 / 50

When citizens or government agencies attempt to peacefully correct laws or institutions they are engaged in_____________?

33 / 50

Union might increase efficiency in the case Where they ?

34 / 50

If planned investment becomes more sensitive to interest rate changes the crowding out effect will ?

35 / 50

According to the cost-based definition of dumping, dumping occurs when a firm sells a product abroad at a price that is less than ?

36 / 50

What kind of soil is treated with gypsum to make it suitable for cropping ?

37 / 50

The most dramatic change that followed each technological revolution was_______________?

38 / 50

If the autarky price of S were lower in country A than in country B then if trade were allowed ?

39 / 50

In the context of equities What is called a firm with two divisions that may split into two companies and issue original shareholders two shares for every old share they have ?

40 / 50

Lack of absorptive capacity in developing countries results from ?

41 / 50

Which of the following statements is True ?

42 / 50

An example of resource versatility is_________________?

43 / 50

Human life is acted out within a triangle of_______________?

44 / 50

In the insurance industry, high-risk customers are more likely to take out insurance. This is an example of ?

45 / 50

What was the third mild producing country ?

46 / 50

Rice is very important food as well as ?

47 / 50

Which of the following countries lead in the production of tea in the world ?

48 / 50

Minor crops in Rabi season are pulses, potatoes and ?

49 / 50

What is called the advocacy of protecting domestic producers by impeding or limiting the importation of foreign goods and services ?

50 / 50

The intermediary agent in the purchase and sale of any good is known as ?

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