Economics Quiz 9

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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

Aggregate demand is defined as_________________?

3 / 50

The most important category of norms for maintaining social order are ?

4 / 50

Which of the following is most urbanized area in Pakistan ?

5 / 50

If a person can be prevented from using a good, the good is said to be ?

6 / 50

An example of a transfer payment is ?

7 / 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 ?

8 / 50

The Maastricht criteria for entry to the EMU are that applicants should have ?

9 / 50

During periods of growing domestic demand, an import quota ?

10 / 50

Housing Benefit is a good example of ?

11 / 50

Global inequality is evident in_______________?

12 / 50

Both fiscal and monetary policies focus on____________________?

13 / 50

Which of the following is the government most likely to subsidies ?

14 / 50

Monopolistic competition differs from perfect competition primarily because ?

15 / 50

Suppose there occurs an increase in the Canadian demand for Japanese computers This results in a (an) ?

16 / 50

A primary reason why nations conduct international trade is because ?

17 / 50

What was the top cattle producing country ?

18 / 50

Kharif crops include ?

19 / 50

If a 4% increase in price leads to a increase in the quantity supplied of 8% ?

20 / 50

Systems of beliefs and behavior designed to meet basic human needs are called ?

21 / 50

Which of the following statements is true ?

22 / 50

Which is NOT a characteristic of crowd behavior ?

23 / 50

With the shift from family capitalism to industrial capitalism the important unit became the_______________?

24 / 50

Which is NOT a presidential role ?

25 / 50

A tax of 20 rupees per unit of imported cheese would be an example of a (an) ?

26 / 50

The difference between government and state is that________________?

27 / 50

The forces and processes revolving around government is policies and actions are called_________________?

28 / 50

Which of the following statements is true ?

29 / 50

Gunnar Myrdal argues that a major barrier to high labor productivity is ?

30 / 50

The balance of payments is divided into two major accounts the ?

31 / 50

One of the most powerful committees in the House of Representatives is the_____________?

32 / 50

The highest percentage of humans live in________________________?

33 / 50

Two nations with a low street -crime rate are________________?

34 / 50

Maintaining a group?s distinctive customs and identity is called______________?

35 / 50

Government is characterized by a(n)_______________?

36 / 50

Where a tax can be shifted the incidence depends on ?

37 / 50

If regulators break up a natural monopoly into many smaller firms, the cost of production ?

38 / 50

Antimonopoly laws are based on the proposition that ?

39 / 50

The family into which you were born is called_________________?

40 / 50

Term the minimum income level below which a person is considered to be living in poverty ?

41 / 50

The type of salesforce structure in which the sales force sells along product lines is called a ?

42 / 50

Which of the following is NOT true ?

43 / 50

The consumer?s optimal purchase of any two goods is the point where ?

44 / 50

Laws that make it illegal for firms to conspire to raise prices or reduce production are known as ?

45 / 50

Which of the following statements is true about a market economy ?

46 / 50

Role conflicts tend to occur______________?

47 / 50

What is called bankruptcy practitioner appointed by secured creditors to oversee the repayment of debts?

48 / 50

A tax system is regarded as horizontally equitable if ?

49 / 50

A decrease the Price of foreign oil ?

50 / 50

Difference in environmental standards or other government regulations among nations ?

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