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Economics Quiz 89

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Economics Quiz 89

1 / 50

Refer to Figure 1 The labour fouce is ?

2 / 50

Which of the following statements best describes the outcome under monopolistic competition ?

3 / 50

The largest group to Which a person belongs is______________?

4 / 50

in long-run equilibrium in a competitive market, firms are operating at ?

5 / 50

In the market for real output, the initial effect of an increase in the money supply is to ?

6 / 50

A problem with laissez-faire economic policy is that there is___________________?

7 / 50

The term ?ecclesia? means_______________?

8 / 50

Most ideologies consist of________________?

9 / 50

Which of the following crops is/are Cash Crop ?

10 / 50

Expansionary monetary policy ?

11 / 50

According to William Baumol under oligopolistic competition among large, high tech business firms. innovation has ?

12 / 50

In which country are diamonds abundantly found ?

13 / 50

The price of computer chips used in the manufacture of personal computers has fallen. This will lead to _________ personal computer?

14 / 50

Microeconomics is not concerned with the behavior of ?

15 / 50

Primary group are basic to the development of____________________?

16 / 50

The resources in an economy are ?

17 / 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 ?

18 / 50

Increases in real GNP per capita occur when ?

19 / 50

The role of _______ is to direct one nation?s savings into investments of another nation?

20 / 50

Economic theory predicts that a currency depreciation will least lead to an improvement in the home country?s trade balance when ?

21 / 50

The way in which government spending is supposed to reduce investment is by increasing ?

22 / 50

If marginal cost is positive and falling ?

23 / 50

According to the model of aggregate supply and aggregate demand in the long run an increase in the money supply should cause ?

24 / 50

Depression is a drastic decline in a national of international economy It?s characteristic is ?

25 / 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?

26 / 50

If workers get a real wage increase this will likely ____ and _____?

27 / 50

?Soft ?money is_________________?

28 / 50

The media present gender roles_____________?

29 / 50

Which of the following financial market securities would probably pay the highest interest rate ?

30 / 50

Achieved status would be especially important in_______________?

31 / 50

In the long run, the Phillips curve will be vertical at the natural rate of unemployment if ?

32 / 50

The gains from international trade are closely related to ?

33 / 50

_______ is the general term for a buying and selling process that is supported by electronic means?

34 / 50

The Sapir-Whorf hypothesis ?

35 / 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 ?

36 / 50

ASEAN refers to the ?

37 / 50

In making which of the following statements is an economist acting more like a scientist ?

38 / 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 ?

39 / 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?

40 / 50

What is the contribution of forestry to the agriculture sector ?

41 / 50

The failure of the League of Nation______________?

42 / 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?

43 / 50

Economics is the study of ?

44 / 50

__________ has the advantage of being high in selectivity low cost; immediacy; and interactive capabilities?

45 / 50

The attitude of some Americans toward the minorities in their midst shows_______________?

46 / 50

An increase in the Pakistan?s government budget deficit ?

47 / 50

According to the classical economists the economy ?

48 / 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 ?

49 / 50

85% of the world?s population lives in developing countries and receives about _____ of the world?s income?

50 / 50

To maximise growth without making a loss a firm should produce the highest output where ?

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