Economics Quiz 88
1 / 50
Which side of the market is more likely to lobby government for a price floor ?
2 / 50
The market power effect of an international joint venture can lead to welfare losses for the domestic economy unless offset by cost reductions. Which type of cost reduction would not lead to offsetting welfare gains for the overall economy ?
3 / 50
Scientific conclusions are_________________?
4 / 50
Among the leading causes of divorce are_______________?
5 / 50
In an economy measuring (1) total value added (2)total spending on final goods and (3)total factor earning gives the result that ?
6 / 50
A high degree of real wage flexibility will tend to reduce the cost to a country of joining a currency union because ?
7 / 50
The extent to which the results of a study can be generalized to the larger population refers to ?
8 / 50
Which of the following is a policy instrument as opposed to a government objective ?
9 / 50
Within the supply and demand model, a tax collected from the sellers of a good shift the ?
10 / 50
To help developing nations strengthen their international competitiveness many industrial nations have granted non-reciprocal tariff reductions to developing nations under the ?
11 / 50
The ratio of change in the equilibrium level of output to a change in some autonomous variable is the ?
12 / 50
Even through buying roles in the family change constantly the _________ has traditionally been the main purchasing agent for the family?
13 / 50
TO reduce cyclical unemployment the government might ?
14 / 50
Positive statements are ?
15 / 50
Capital Flight from a country is called ?
16 / 50
With a positive externality ?
17 / 50
Which of the following is a criticism of Marxist theory ?
18 / 50
Which of the following is regarded as a factor of production ?
19 / 50
A feasible effect of international trade is that a (an) ?
20 / 50
Vaccinating people for measles, rubella, polio and cholera to substantially increase net social benefits by improving the health and productivity of the population is an example of ?
21 / 50
The value of plant and equipment worn out in the process of manufacturing goods and services is measured by ?
22 / 50
Suppose, due to political instability, Russians suddenly choose to invest in UK assets as opposed to Russian assets Which of the following statements is true regarding UK net foreign investment ?
23 / 50
Which of the following is not an argument put forth by economists in support of the use of advertising ?
24 / 50
A(n) ________ is n example of a quota where foreigners hold quota licenses ?
25 / 50
If borrowers and lenders agree on a nominal interest rate and inflation turns out to be less than they had expected ?
26 / 50
In a command (planned) economy ?
27 / 50
Our type of society fosters______________?
28 / 50
Political science has taken a turn toward the social sciences in its studies of__________________?
29 / 50
Rice is very important food as well as ?
30 / 50
A market can accurately be described as_________________?
31 / 50
If leisure is a normal good, an increase in the wage ?
32 / 50
ideologies may be______________?
33 / 50
The SMSA is based on____________________?
34 / 50
The Common Agricultural Policy of the European Union has ?
35 / 50
The Montreal Protocal, signed in 1987 and strengthened in 1990 ?
36 / 50
Jamrao Canal is located in the province of ?
37 / 50
Country A has an absolute advantage in__________?
38 / 50
Judicial review by the Supreme Court is based on____________?
39 / 50
If the ABC Typing Service is earning a rate of return greater than the return necessary for the business to continue operations, then ?
40 / 50
In terms of special product life cycles a ________ is a basic and distinctive mode expression?
41 / 50
Nation states emerged in Europe in the historical period of______________?
42 / 50
Which of the following countries lead in the production of sugarcane in the world ?
43 / 50
The term ?real wage? means the money wage? ?
44 / 50
Experiences over the last three decades has suggested that in order for economic development to occur, it is necessary for an economy to ?
45 / 50
When considering the role of morality in foreign policy analysts observe that_____________?
46 / 50
Exchange rate of which of the following currencies falls because of persistent balance of payments deficit ?
47 / 50
Scientists agree that________________?
48 / 50
Which of the following is an example of a signal that is used to reveal private information ?
49 / 50
Which of the following is a withdraw from the circular flow income stream ?
50 / 50
Islam was established_________________?
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