Economics Quiz 9
1 / 50
An increase in price from 25 pence to 30 pence leads to an increase in the quantity supplied from 40 units to 44 units. The price elasticity of supply is ?
2 / 50
The highest percentage of humans live in________________________?
3 / 50
The difference between government and state is that________________?
4 / 50
During periods of growing domestic demand, an import quota ?
5 / 50
An example of a transfer payment is ?
6 / 50
The family into which you were born is called_________________?
7 / 50
Both fiscal and monetary policies focus on____________________?
8 / 50
If a 4% increase in price leads to a increase in the quantity supplied of 8% ?
9 / 50
With the shift from family capitalism to industrial capitalism the important unit became the_______________?
10 / 50
Suppose there occurs an increase in the Canadian demand for Japanese computers This results in a (an) ?
11 / 50
Maintaining a group?s distinctive customs and identity is called______________?
12 / 50
Which of the following statements is true ?
13 / 50
What was the top cattle producing country ?
14 / 50
Term the minimum income level below which a person is considered to be living in poverty ?
15 / 50
16 / 50
If a person can be prevented from using a good, the good is said to be ?
17 / 50
Two nations with a low street -crime rate are________________?
18 / 50
The most important category of norms for maintaining social order are ?
19 / 50
Systems of beliefs and behavior designed to meet basic human needs are called ?
20 / 50
A primary reason why nations conduct international trade is because ?
21 / 50
Where a tax can be shifted the incidence depends on ?
22 / 50
The consumer?s optimal purchase of any two goods is the point where ?
23 / 50
The forces and processes revolving around government is policies and actions are called_________________?
24 / 50
Antimonopoly laws are based on the proposition that ?
25 / 50
The balance of payments is divided into two major accounts the ?
26 / 50
Which of the following is NOT true ?
27 / 50
Global inequality is evident in_______________?
28 / 50
The type of salesforce structure in which the sales force sells along product lines is called a ?
29 / 50
Laws that make it illegal for firms to conspire to raise prices or reduce production are known as ?
30 / 50
Which of the following is most urbanized area in Pakistan ?
31 / 50
The Maastricht criteria for entry to the EMU are that applicants should have ?
32 / 50
Government is characterized by a(n)_______________?
33 / 50
If regulators break up a natural monopoly into many smaller firms, the cost of production ?
34 / 50
Kharif crops include ?
35 / 50
Which of the following is the government most likely to subsidies ?
36 / 50
One of the most powerful committees in the House of Representatives is the_____________?
37 / 50
Aggregate demand is defined as_________________?
38 / 50
If a company (considering its options on the product/market expansion grid) chooses to move into different unrelated fields (from what it ha ever done before) with new products as a means to stimulate growth the company would be following which of the following general strategies ?
39 / 50
Role conflicts tend to occur______________?
40 / 50
Which of the following statements is true about a market economy ?
41 / 50
Which is NOT a presidential role ?
42 / 50
Difference in environmental standards or other government regulations among nations ?
43 / 50
A tax system is regarded as horizontally equitable if ?
44 / 50
Gunnar Myrdal argues that a major barrier to high labor productivity is ?
45 / 50
A decrease the Price of foreign oil ?
46 / 50
Housing Benefit is a good example of ?
47 / 50
A tax of 20 rupees per unit of imported cheese would be an example of a (an) ?
48 / 50
What is called bankruptcy practitioner appointed by secured creditors to oversee the repayment of debts?
49 / 50
Which is NOT a characteristic of crowd behavior ?
50 / 50
Monopolistic competition differs from perfect competition primarily because ?
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