0% 0 Economics Quiz 8 1 / 50 Which is NOT form of plural marriage ? Polyandry Monogamy Polygyny Polygamy 2 / 50 Positive cross elasticities suggest that goods are ____ and negative cross-elasticities that goods are ? normal, inferior substitutes inferior normal, complements substitutes complements 3 / 50 Which of the following is not a characteristic of a monopolistically competitive market ? differentiated products many sellers long run economic profits free entry and exit 4 / 50 Which property the paper money does not process ? Acceptability Divisibility Durability Portability 5 / 50 We measure national income by this method ? All of the above Income method Expenditure method Product method 6 / 50 Urbanism is associated with_____________________? increase in anomie and alienation public transportation extended families Gemeinschaft society 7 / 50 Which of the following statements is true if the government places a price ceiling on petrol at Rs150 per litre and the equilibrium price is Rs100 per litre ? A significant increase in the demand for petrol could cause the price ceiling to become a binding constraint. There will be a shortage of petrol There will be surplus of petrol A significant increase in the supply for petrol could cause the price ceiling to become a binding constraint. 8 / 50 Overpopulation is a problem worldwide but only in relation to________________? political organization demography population density poor contraception 9 / 50 Downsizing is______________? to make in a actual size to make in a half size None of the above to make in a smaller size 10 / 50 The retail price index is used to__________________? None of the above construct price lists measure changes in the cost of living compare shop prices 11 / 50 Which of the following would cause a demand curve for a good to be price inelastic ? The good is an inferior good The good is luxury The good is a necessity There are a great number of substitutes for the good 12 / 50 The elitist school of thought asserts that______________? the elite displays a monolithic power structure the masses should rebel against the elite the elite is not always against the masses the elite always works against the public interest 13 / 50 A combined measure of productivity that takes account of both labor and capital productivity is known as ? total exploitation labour/capital productivity total factor productivity total productivity 14 / 50 What is the share of Sindh in the total population of Pakistan ? 22% 23% 28% 25% 15 / 50 Smith wrote that private ownership of the means of production would ? stimulate government control create abuse stimulate economic growth as each individual tried to maximize profits stifle economic growth as the markets would be flooded with merchandise 16 / 50 Romance as a reason for marriage________________? prevents divorce contributes to divorce is an ancient principle is a modern invention 17 / 50 Which one is the dominant source of foreign exchange earning ? Agriculture Manufacturing Textile Foreign remittance 18 / 50 One criticism of Rostow?s theory of economic growth is that ? All of the above are correct there is no explanation of why growth occurs after takeoff much available data contradicts his thesis about the takeoff stage his hypothesis of the stages of growth is difficult to test empirically 19 / 50 By 2050 8 billion of the projected 9.5 billion people will be_____________________? as wealthy as the developed nations living in poor countries living in industrial nations living in predominantly agricultural nations 20 / 50 The oil supplies of the United States are subject to______________? constant increase environmental pollution price stability environmental depletion 21 / 50 Minority groups______________? constitute a subculture within the larger culture practice cultural relativity exhibit clannish behavior tend to show solidarity to each other 22 / 50 In stratified societies categories of people are ranked by________________? food is shared by all food is hoarded by a few hunting lacks prestige none of the above 23 / 50 What is Free port ? Where no export duties are levied Where everything can be import or export Where no export or import duties are levied Where no import duties are levied 24 / 50 The victims of crime tend to be_______________? members of the middle class poor B and C members of minority groups 25 / 50 How I measured the change in the cost of basic goods and services in comparison with a fixed base period ? Human Development Index (HDI) Consumer Price Index (CPI) Complete Price Index (CPI) Comparative Price Index (CPI) 26 / 50 What is called the excess of purchase price over fair market value of net assets that are acquired under the purchase method of accounting ? Upgradation Up level Goodwill Bonus 27 / 50 Which of the following is indicated by the term unemployed ? Inadequately employed Note fully used or employed All of them Employed only part time when one needs full time employment 28 / 50 Black Volcanic soil and tropical climate is most suitable without excess rainfall for which crop ? Jute Cotton None of these Tobacco 29 / 50 When entering a building, Asim diverts his path to go through an open door rather than make the physical effort to open the closed door that is directly in his path. This is an example of: irrational behavior marginal benefit-marginal cost analysis programmed learning a lazy person 30 / 50 Which is the most famous waterfall of the world ? Balkan Niagara Superior Angel 31 / 50 The idea that technology changes social organization and ideology is called______________? evangelical determinism scientific determinism secular humanism technological revolution 32 / 50 Which of the following is likely to generate a compensating differential ? One employee is more educated than another One employee is more attractive than another All of these answers generated One employee is willing to work the nightshift while another is not. 33 / 50 The emigration of highly-skilled people from the developing countries is known as ? human capital deterioration labor degradation The brain drain productivity 34 / 50 Which fruit is an offspring of the pummel ? Peach Kiwi Grapefruit Strawberry 35 / 50 How much of the total population of the world is living in Asia ? 55.50% 62% 58.60% 51% 36 / 50 Which of the following is NOT true of primary relations ? all of the above they are always harmonious they cannot exist in secondary groups the family is the only source of primary relation 37 / 50 Economics assumes that people consume goods and services to achieve ? Utility Prestige Self-esteem Status 38 / 50 The initial impact of an increase in government spending is to shift ? aggregate supply to the right aggregate demand to the right aggregate demand to the left aggregate supply to the left 39 / 50 Sen?s welfare theory relies on ? individuals? wealth individuals? accomplishments individuals? capabilities individuals? education 40 / 50 What was the top chicken producing country ? Brazil Indonesia United States China 41 / 50 Term a film that is engaged in two or more unrelated businesses ? Incorporation Multinational Conglomerate giant 42 / 50 Economic development in Japan after World War II and in Communist China since the 1980s in similar in that both nations have sought to ? develop their vast natural resources to achieve economic growth nationalize most major industries and restrict competition utilize the concepts of capitalism to improve their economies end foreign investment 43 / 50 In perfect competition ? Short run abnormal profits are competed away by greater advertising Short run abnormal profits are competed away by firms entering the industry Short run abnormal profits are completed away by firms leaving the industry Short run abnormal profits are competed away by the government 44 / 50 Which is the most widely used tool of monetary policy ? Open-market operations Issuing of notes Clearing house Discount rate 45 / 50 Consumer goods with unique characteristics or brand identification often requiring a special purchase effort are called? custom products convenience products shopping products specialty products 46 / 50 The marginal propensity to consume is equal to ? change in consumption / change in income Change in consumption / change in savings Total consumption / total income Total spending / total consumption 47 / 50 Pathologies endemic to the Soviet bureaucracy included secrecy formalism cumbersome procedures rigidity and the tendency to concentrate on control rather than performance The party controlled The state by using the ____ the power to recommend and approve managers in administration and enterprises, of appointments and promotions to control access to government positions ? Gosplan Gosagroprom nomenklatura system Parastatals 48 / 50 When the world Bank or IMF requires improved external balance in the short run the agency may condition its loan on expenditure switching that is ? increase trade restrictions by imposing quota devaluing local currencies increase government spending switching spending from domestic to foreign sources 49 / 50 What is public sector ? Public corporations All of them Nationalized Industries Central and local government 50 / 50 If a nation fitting the criteria for the large nation model imposes an import tariff ? The domestic price of the product will increase by the same amount as the tariff the domestic price of the product will increase by more than the tariff itself The domestic price of the product will increase by less than the tariff None of the above 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 7 Economics Quiz 9Next
