Economics Quiz 90
1 / 50
Which of the following statements about a binding price ceiling is true ?
2 / 50
The Setrite Corporation produce chairs. An economist working for the firm predicts that if people?s incomes rise next year, then the demand for our chairs will for our chairs will increase ceteris paribus The accuracy of the economist?s prediction depends on whether the chairs Setrite Produce ?
3 / 50
Food crops cover about ___ of cropped areas?
4 / 50
Which of the following statements about stabilization policy is not true ?
5 / 50
When a marketing research organization chooses a segment of the population that represents the population as a whole, they have chosen a ?
6 / 50
Compared to a portfolio composed entirely of shares a portfolio that is 50 percent government bonds and 50 percent shares will have a ?
7 / 50
The Keynesian remedy for unemployment is to ?
8 / 50
To reduce imports, suppose that the government of Norway?s imposes a quota equal to 800 computers, Compared to what occurred under free trade, Norway?s consumers surplus will ________ and its producer surplus will _______ Can you calculate these amounts? Try plotting the information of this table on a sheet of graph paper ?
9 / 50
A group way of life lends itself to disorder because_________________?
10 / 50
GDP would include which of the following ?
11 / 50
Where a tax can be shifted, the incidence depends on ?
12 / 50
Points on the production possibilities frontier are ?
13 / 50
In his empirical test of comparative advantage Wassily Leontief found that ?
14 / 50
If saving exceeds investment the national income will ?
15 / 50
When capital is owned by the firm as opposed to being directly owned by household capital income may take any of the following forms except ?
16 / 50
A tax which is paid by the person on whom the tax is incident is called a ?
17 / 50
An example of a permanent or enduring subculture would be_______________?
18 / 50
Speculative bubbles may occur in the shares market ?
19 / 50
In Which of the business cycle do firms try to cut stocks in order to save costs ?
20 / 50
A reduced share of the world export market for the United States would be attributed to?
21 / 50
What is National debt or public debt ?
22 / 50
Legal-rational authority tends to be characteristic of_________________?
23 / 50
Crop grown for sale is called?
24 / 50
If GDP for Palau a small country near southeast of the Philippines is $130 million in 2012 and its population is 20,000 GDP per capita is ?
25 / 50
According to supply-side economists, as tax rates are reduced, labor supply should increase. This implies that ?
26 / 50
The resources each spouse brings to a marriage include________________?
27 / 50
What is called the situation in which a debtor remains unable to pay his creditors in full ?
28 / 50
The primary function of bank is to ?
29 / 50
The teen pregnancy rate_________________?
30 / 50
Latent functions of schools include_________?
31 / 50
Which of the following payment instruments introduced by the banks is known as plastic money ?
32 / 50
As consequence of rural urban migration ?
33 / 50
When firm build in Organizational slack they do this in order to ?
34 / 50
Which of the following statements regarding the market for foreign currency exchange is true ?
35 / 50
The primary agent of socialization is the______________?
36 / 50
Which term is used for the total net value of all goods and services produced in a country in specified period of time ?
37 / 50
If a consumer describes a car as being the most economical car on the market than this descriptor is a?
38 / 50
A positive externality occurs when ?
39 / 50
The success of regional and urban policies has been limited by ?
40 / 50
Occupational immobility of labour occurs if ?
41 / 50
Recent research supports the notion that mother-infant bonding_______________?
42 / 50
Socialization happens in__________________?
43 / 50
Economic growth is important because ?
44 / 50
What is the annual average growth rate of agriculture in last decade ?
45 / 50
Power is defined by Max Weber as the ability to__________________?
46 / 50
The total cost to society of producing an additional unit of a good or service is the ?
47 / 50
If people can borrow and lend to perfectly smooth out their lifetime living standards, then ?
48 / 50
Direct investment and security purchases are classified as ?
49 / 50
Barro and Lee find that ceteris paribus, IMF lending has ?
50 / 50
Suppose Canada and Switzerland were the only two countries in the world There exists an excess supply of Swiss francs on the foreign exchange market This suggests that ?
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