Economics Quiz 89
1 / 50
Which of the following statements best describes the outcome under monopolistic competition ?
2 / 50
In 1980 the U.S imposed export quotas on grain sold to the Soviet Union in response to its armed invasion of Afghanistan if other nations do not increase grain exports to the soviets all the following would likely occur except?
3 / 50
If workers get a real wage increase this will likely ____ and _____?
4 / 50
The attitude of some Americans toward the minorities in their midst shows_______________?
5 / 50
ASEAN refers to the ?
6 / 50
An increase in the Pakistan?s government budget deficit ?
7 / 50
Refer to Figure 1 The labour fouce is ?
8 / 50
In making which of the following statements is an economist acting more like a scientist ?
9 / 50
If marginal cost is positive and falling ?
10 / 50
The gains from international trade are closely related to ?
11 / 50
85% of the world?s population lives in developing countries and receives about _____ of the world?s income?
12 / 50
For the United States suppose the annual interest rate on government securities equals 8 percent while the annual inflation rate equals 4 percent, For Switzerland the annual interest rate on government securities equal 10 percent while the annual inflation rate equals 7 percent the above variables would cause investment funds to flow from ?
13 / 50
The largest group to Which a person belongs is______________?
14 / 50
According to William Baumol under oligopolistic competition among large, high tech business firms. innovation has ?
15 / 50
According to the classical economists the economy ?
16 / 50
Primary group are basic to the development of____________________?
17 / 50
The way in which government spending is supposed to reduce investment is by increasing ?
18 / 50
A problem with laissez-faire economic policy is that there is___________________?
19 / 50
Increases in real GNP per capita occur when ?
20 / 50
In which country are diamonds abundantly found ?
21 / 50
Which of the following crops is/are Cash Crop ?
22 / 50
Which of the following financial market securities would probably pay the highest interest rate ?
23 / 50
_______ is the general term for a buying and selling process that is supported by electronic means?
24 / 50
Engineers for the All-Terrain Bike Company have determined that a 15% increase in all inputs will cause a 15% increase in output Assuming that input prices remain constant, you correctly deduce that such a change will cause ________ as output increases?
25 / 50
The media present gender roles_____________?
26 / 50
If a depositor puts Rs100 in a bank amount that earns 4 percent interest compounded annually, how much will be in the account after five years ?
27 / 50
?Soft ?money is_________________?
28 / 50
What is the contribution of forestry to the agriculture sector ?
29 / 50
Expansionary monetary policy ?
30 / 50
To maximise growth without making a loss a firm should produce the highest output where ?
31 / 50
in long-run equilibrium in a competitive market, firms are operating at ?
32 / 50
If your company were to make a product such as a suit of clothes and sold that product to a retailer your company would have sold to the __________ merket?
33 / 50
Economics is the study of ?
34 / 50
The Sapir-Whorf hypothesis ?
35 / 50
The price of computer chips used in the manufacture of personal computers has fallen. This will lead to _________ personal computer?
36 / 50
The role of _______ is to direct one nation?s savings into investments of another nation?
37 / 50
In the market for real output, the initial effect of an increase in the money supply is to ?
38 / 50
__________ has the advantage of being high in selectivity low cost; immediacy; and interactive capabilities?
39 / 50
In the long run, the Phillips curve will be vertical at the natural rate of unemployment if ?
40 / 50
Economic theory predicts that a currency depreciation will least lead to an improvement in the home country?s trade balance when ?
41 / 50
Depression is a drastic decline in a national of international economy It?s characteristic is ?
42 / 50
The term ?ecclesia? means_______________?
43 / 50
Most ideologies consist of________________?
44 / 50
The failure of the League of Nation______________?
45 / 50
Mariam earns more than Seamus and she came by her income fairly and honestly which of the following political philosophies would argue against the redistribution of income from Mariam to Seamus ?
46 / 50
The mark is imposed on goods or wrappers to show that the articles bearing this mark belong to a particular trader. What is this mark called ?
47 / 50
Microeconomics is not concerned with the behavior of ?
48 / 50
According to the model of aggregate supply and aggregate demand in the long run an increase in the money supply should cause ?
49 / 50
The resources in an economy are ?
50 / 50
Achieved status would be especially important in_______________?
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