Economics Quiz 1

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Economics Quiz 1

1 / 50

Barro and Lee find that ceteris paribus, IMF lending has ?

2 / 50

Which of the following statements about stabilization policy is not true ?

3 / 50

An increase in consumer income will increase demand for a _________ but decrease demand for a?

4 / 50

Champignons are what type of food ?

5 / 50

A production function ?

6 / 50

Index crimes include all but one of the following_______________?

7 / 50

?Humanity ?is__________________?

8 / 50

If firms earn normal profits ?

9 / 50

Which one of the following countries is not a high-income country ?

10 / 50

In preindustrial societies education was intended for_______________?

11 / 50

It has been found that disengagement is usually________________?

12 / 50

Membership in the World Trade Organization for china ?

13 / 50

Which of the following best demonstrates the problem of moral hazard ?

14 / 50

Where a tax can be shifted, the incidence depends on ?

15 / 50

The economic policy of mercantilism first developed during the ?

16 / 50

Free traders maintain that an open economy is advantageous is that it provides all of the following except ?

17 / 50

The extra utility from consuming one more unit of a good is called ?

18 / 50

Power is defined by Max Weber as the ability to__________________?

19 / 50

The biggest Industrial unit in public sector is ?

20 / 50

What is called the trade without restriction of tariffs, quotas, or foreign exchange controls ?

21 / 50

According to the classical economists, those who are not working ?

22 / 50

When the price of foreign currency (i.e the exchange rate) is below the equilibrium level ?

23 / 50

What is inflation ?

24 / 50

If a country can produce 10 of product A or 4 of product B the opportunity cost of 1B is ?

25 / 50

The emergence of Japan as a world economic power has been based mostly on Japan?s ?

26 / 50

Name the methodology by which members of the EMS maintain their currency exchange rates within an agreed upon range with respect to other member countries ?

27 / 50

A tariff-rate quota ?

28 / 50

Assume that global recession causes the quantity of tin demanded to decrease by 4 million pounds at each price To maintain the price of tin at the target price you would ?

29 / 50

GDP would include which of the following ?

30 / 50

One of the transmission mechanisms of monetary policy is through consumer demand when interest rates ________ household wealth ________ and consumption _________?

31 / 50

An example of a permanent or enduring subculture would be_______________?

32 / 50

Firms in perfect competition face a?

33 / 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 ?

34 / 50

Which of the following is referred by principle ?

35 / 50

A country?s fundamental system of transportation, communications, and other aspects of its physical capabilities are called ?

36 / 50

Laws are_______________?

37 / 50

The primary function of bank is to ?

38 / 50

Compared to a portfolio composed entirely of shares a portfolio that is 50 percent government bonds and 50 percent shares will have a ?

39 / 50

Increase unemployment benefits and less incentive to work would ?

40 / 50

Which of the following is an index crime ?

41 / 50

Market in which forces of demand and supply are not in the control of government is called ?

42 / 50

The most advanced form of regional cooperation is exhibited by______________?

43 / 50

Studies of siblings who shared parents? social class and everyday experiences have shown that they_____________?

44 / 50

A mother preparing lunch for her child is an example of a(n)______________?

45 / 50

The People?s Republic of China ?

46 / 50

Specific tariffs are collected as ?

47 / 50

In the ERM, each country fixed participant Collectively the group ________ against the rest of the world?

48 / 50

The 1993 World Bank study entitled The East Asian Miracle (1993) identifies eight high performing Asian economies Which of the following is not one of them ?

49 / 50

Personality must be considered as________________?

50 / 50

Society and culture______________?

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