Economics Quiz 80
1 / 50
An increase in consumption at any given level of income is likely to lead to ?
2 / 50
Which of the following statements regarding taxes is correct ?
3 / 50
Surgical instruments are made in ?
4 / 50
When money demand is expressed in a graph with the interest rate on the vertical axis and the quantity of money on the horizontal axis an increase in the interest rate ?
5 / 50
An increase in the budget deficit is ?
6 / 50
The problem posed by a natural monopoly is that it faces a _____ This means that _______?
7 / 50
What is called a place of work where all workers within a section must belong to a single official recognized trade union ?
8 / 50
Supporters of antimonopoly enforcement argue that the real gain from such enforcement ?
9 / 50
Refer to Exhibit 6. Suppose the economy is operating at point (D) As people revise their price expectations ?
10 / 50
The Marginal Revenue Product is likely to be wage inelastic if ?
11 / 50
Brassica is the Latin name for what spice ?
12 / 50
The competitive advantage from a devaluation is likely to be offset by _______ and ________?
13 / 50
If the Pakistani government runs a budget surplus there is ?
14 / 50
Which is the main staple food of the population and largest grain crop of the country ?
15 / 50
Which of the following is NOT a common reason for a merger?
16 / 50
In autarky equilibrium ?
17 / 50
Current account deficit are offset by______________?
18 / 50
If Toyota describes one of its cars of the future as being a moderately priced subcompact designed as a second family car to be used arround town; the car is ideal for running errands and visiting friends, then the company has just stated a potential new product in terms of a(n) ?
19 / 50
_________ describes changes in an individual?s behavior arising from experience?
20 / 50
In 1989, the CPI was 124.0 in 1990, it was 130.7 What was the rate of inflation over this period ?
21 / 50
Like Freud Erik Erikson maintains that_______________?
22 / 50
According of Keynes, the level of employment is determined by ?
23 / 50
If the price of a good is above the equilibrium price ?
24 / 50
The first modern environmental movement in the United States began in the ?
25 / 50
The circular nature of the economic process occurs from_________________?
26 / 50
Government borrows in the form of promissory note to repay the bearer after some fixed days from the date of issue. How is called such borrowing ?
27 / 50
How is termed the group which consists of Singapore, Hong kong, Taiwan, and south Korea ?
28 / 50
As of 2002, the ________ became the official currency union of the European Monetary System ?
29 / 50
A share or an interest in an enterprise, especially a financial share, is called ?
30 / 50
The decline of unskilled factory jobs has increased black unemployment The situation is a result of______________?
31 / 50
The formula to calculate Passche price index is (o is the base year and n is the given year) ?
32 / 50
In the UK, electricity industry parts are a ____ and other parts are ___ ?
33 / 50
Armenia Georgia and Azerbaijan are_____________________?
34 / 50
Net transfers are______________?
35 / 50
A bank deposit, that cannot be withdrawn before the date which is specified at the time of deposit, is called ?
36 / 50
When politicians refer to the intention of the framers of the Constitution of the United States they are making recourse to_____________?
37 / 50
Which perspective looks at the world-wide context and emphasizes economic factors ?
38 / 50
A progressive tax system is one where ?
39 / 50
Which of the following statements about economic fluctuations is true ?
40 / 50
The participants in a market include_____________?
41 / 50
The difference between what consumers have to pay for a particular and what they are willing to pay is known as ?
42 / 50
Which country is not a member of the European Union ?
43 / 50
Members of the ?New Class? occupy which of the following occupations_________________?
44 / 50
A tariff of ________ would be prohibitive causing imports to fall to zero?
45 / 50
Which best describes a supply curve ?
46 / 50
Joseph Schumpeter is the exceptional economist who links the entrepreneur to ?
47 / 50
The formula for average fixed costs is ?
48 / 50
The study of human population in terms of size, density, location age gender, race occupation and other statistics is called ?
49 / 50
The evaluation that a certain phenomenon is good beautiful moral right and therefore desirable is termed a_______________?
50 / 50
A deflationary policy could include ?
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