Economics MCQs

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

A.the importance of culture

B.cultural superiority

C.cultural relativity

D.culture shock

Submitted by: Academy of Pakistan

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Government levy tax on imports and exports What this tax is called?

A.Exercise Duty

B.Freight

C.Tariff

D.Custom

Submitted by: Academy of Pakistan

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Suppose that the supply curve of tin is highly inelastic. If the demand curve of tin decrease and increase cyclically along the supply curve of tin, then in this market the size of the quantity fluctuation will bathe size of the price fluctuations?

A.relatively less than

B.relatively greater than

C.the same as

D.Any of the above

Submitted by: Academy of Pakistan

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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?

A.Consumer surplus would decrease for the soviets

B.Grains prices would rise in the united States

C.Export revenues would decrease for U.S producers

D.Grain prices would rise in the Soviet union

Submitted by: Academy of Pakistan

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If people can borrow and lend to perfectly smooth out their lifetime living standards, then?

A.life-cycle income is a good measure of the distribution of living standards.

B.permanent income is a good measure of the distribution of living standards.

C.current annual income is a good measure of the distribution of living standards.

D.none of these answers

E.transitory income is a good measure of the distribution of living standards

Submitted by: Academy of Pakistan

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Investment funds are established for the supports of institutions such as hospitals investment is called?

A.Endowment funds

B.Attached funds

C.Charity funds

D.Investment fund

Submitted by: Academy of Pakistan

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The ethnic groups among whom arranged marriages are common include________?

A.Muslim

B.All of the above

C.Indians (natives of India)

D.Hasidic Jews

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Which of the following countries leads in the production of Zinc?

A.Germany

B.USA

C.Canada

D.Russia

Submitted by: Academy of Pakistan

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A demand-side theory that focuses on the role of money to finance aggregate demand is termed________?

A.Reaganism

B.cash and carry

C.the gold standard

D.monetarism

Submitted by: Academy of Pakistan

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It is the function of Congress to________?

A.unanimously approve treaties

B.conduct foreign affairs

C.vote funds for conducting foreign affairs

D.decide the constitutionality of specific laws

Submitted by: Academy of Pakistan

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Positive cross elasticities suggest that goods are ____ and negative cross-elasticities that goods are?

A.substitutes inferior

B.normal, inferior

C.substitutes complements

D.normal, complements

Submitted by: Academy of Pakistan

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Group marriage ________?

A.is practiced among Australian aborigines

B.has never been consistently or extensively practiced

C.has been a consistent feature in Western societies

D.is widespread in several societies

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A company is in the ________ stage of the new product development process when the company develops the product concept into a physical product in order to assure that the product idea can be turned into a workable product?

A.marketing strategy

B.commercialization

C.business analysis

D.product development

Submitted by: Academy of Pakistan

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In animism________?

A.spirits are worshipped as disembodied humans

B.spirits are thought to acquire various forms

C.animals are worshipped as gods

D.all of the above

Submitted by: Academy of Pakistan

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The text primarily applied Weber,s notion of status to________?

A.ranked occupational positions

B.positions in the social system

C.prestige derived from ancestry

D.spending and consumption patterns

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Economics MCQs

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

Government levy tax on imports and exports What this tax is called?

Suppose that the supply curve of tin is highly inelastic. If the demand curve of tin decrease and increase cyclically along the supply curve of tin, then in this market the size of the quantity fluctuation will bathe size of the price fluctuations?

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?

If people can borrow and lend to perfectly smooth out their lifetime living standards, then?

Investment funds are established for the supports of institutions such as hospitals investment is called?

The ethnic groups among whom arranged marriages are common include________?

Which of the following countries leads in the production of Zinc?

A demand-side theory that focuses on the role of money to finance aggregate demand is termed________?

It is the function of Congress to________?

Positive cross elasticities suggest that goods are ____ and negative cross-elasticities that goods are?

Group marriage ________?

A company is in the ________ stage of the new product development process when the company develops the product concept into a physical product in order to assure that the product idea can be turned into a workable product?

In animism________?

The text primarily applied Weber,s notion of status to________?

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