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Economics Quiz 78

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Economics Quiz 78

1 / 50

An individual learns to be a human being by______________?

2 / 50

The popularity of spaghetti in the United States resulted from_______________?

3 / 50

Which of the following statement about rural and agricultural development is true ?

4 / 50

Within the circular flow of income, an increase in domestic income will tend to increase ?

5 / 50

CEO stands for_______________?

6 / 50

The federal government has increased its responsibilities at the local level because_____________?

7 / 50

Unemployment means that ?

8 / 50

Which of the following statements about trade policy is true ?

9 / 50

The most wave of globalization which began in the 1980s has emphasized the outsourcing of ?

10 / 50

Governments may contribute to inflationary pressure because of building up large ?

11 / 50

In Nash equilibrium each player chooses the best strategy ?

12 / 50

The total forest area of Punjab is ?

13 / 50

What is called the result of a state?s borrowing from its population, from foreign governments or from international institutions ?

14 / 50

An example of unconscious socialization would be____________________?

15 / 50

Human wants are_______________?

16 / 50

Suppose that the demand curve for tin is highly inelastic. If the supply curve of tin decrease and increase cyclically along the demand curve for tin then in this market the size of the price fluctuation will be __________ the size of the quantity fluctuations?

17 / 50

Suppose the price level falls but because of fixed nominal wage contracts the real wage rises and firms cut back on production This is a demonstration of the ?

18 / 50

The balance of payment is ?

19 / 50

The teenage birthrate_______________?

20 / 50

If A forms a customs union with C, the value of trade diversion will be ?

21 / 50

In a cartel member firms may be given a fixed amount to produce. This is called a ?

22 / 50

The last stage in the selling process in the __________ stage?

23 / 50

Refer to Exhibit 4. If a tax is placed on the product in this market tax revenue paid by the sellers is the area ?

24 / 50

Futurist Alvin Toffler called his concept_______________?

25 / 50

Investment in agriculture sector is Rs ?

26 / 50

If a maximum price is set below equilibrium there will be ?

27 / 50

The traditional profit-maximizing theory of the firm has been criticized by some economists because ?

28 / 50

Rice account for 6.6 percent in value added in agriculture. What is its contribution in GDP ?

29 / 50

According to Lewis?s model the dual economy grows only when ?

30 / 50

Constitutions are________________?

31 / 50

Lean production________________?

32 / 50

The length of a business cycle would be measured from ?

33 / 50

A reduction in interest rates, causes an increases in the monetary base that results in an _________ in the availability of consumer credit and a ________ in the cost of consumer credit?

34 / 50

Roberto and Thomas live in a university hall of residence Roberto values playing loud music at a value of ?100. Thomas values Pease and quiet at a value of ?150. Which of the following statements is true ?

35 / 50

Today?s Catholic Church is classified as a________________?

36 / 50

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

37 / 50

David Ricardo?s theory in favor of free trade uses the ideal of ?

38 / 50

Throughout most of humankind?s existence, population grew at a rate of ________ per year?

39 / 50

The term ?rent? as it is used by economists. refers to ?

40 / 50

Purchases of government securities in the United States by foreigners is ?

41 / 50

The United States Canada Northern and Western Europe among other areas are________________?

42 / 50

Structural economists from the United Nations Economic Commission for Latin America (ECLA) emphasized ?

43 / 50

According to Karl Marx_______________?

44 / 50

A country?s capital stock is the ?

45 / 50

Country A has the comparative advantage in ?

46 / 50

Economic growth can be shown by ?

47 / 50

In the short term a firm will produce provided the revenue ?

48 / 50

The ecosystem is__________________?

49 / 50

Industrial Revolution__________________?

50 / 50

The main problem facing societies with a surplus is_____________________?

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