1 - Which of the following countries lead in the production of Nickel ?
1 - Which of the following countries lead in the production of Nickel ?
Canada
2 - Which of the following types of coal represents the first stage of formation of coal ?
2 - Which of the following types of coal represents the first stage of formation of coal ?
Peat
3 - Which country is the largest oil producer in the world ?
3 - Which country is the largest oil producer in the world ?
Saudi Arabia
4 - The largest producer of Nuclear energy in the world is____?
4 - The largest producer of Nuclear energy in the world is____?
USA
5 - What is the currency of Montserrat Antilles ?
5 - What is the currency of Montserrat Antilles ?
Pound
6 - The biggest producer of Uranium in the world is ?
6 - The biggest producer of Uranium in the world is ?
Canada
7 - Rice is very important food as well as ?
7 - Rice is very important food as well as ?
cash crop
8 - Which crops are sown in Rabi season ?
8 - Which crops are sown in Rabi season ?
All of them
9 - Kharif crops include ?
9 - Kharif crops include ?
All of them
10 - Name the country which has the largest natural gas reserves in the world ?
10 - Name the country which has the largest natural gas reserves in the world ?
Russia
11 - Which one of the following countries is the largest oil consumer of the world ?
11 - Which one of the following countries is the largest oil consumer of the world ?
USA
12 - Which country has the largest area in the world ?
12 - Which country has the largest area in the world ?
Russia
13 - Cocoa is a tropical plant and requires heat and moisture. Which of the following countries is leading in cocoa productions in the World ?
13 - Cocoa is a tropical plant and requires heat and moisture. Which of the following countries is leading in cocoa productions in the World ?
Ivory Coast
14 - Which of the following practices of cultivation can be referred to as crop rotation ?
14 - Which of the following practices of cultivation can be referred to as crop rotation ?
Different crops in different seasons
15 - Statement A: The might of a country consists of gaining surpluses of gold and silver Statement B: A nation's strength is found in economic independence and the maintenance of a favorable balance of trade Statement C: We need to gain colonies both as sourc
15 - Statement A: The might of a country consists of gaining surpluses of gold and silver Statement B: A nation's strength is found in economic independence and the maintenance of a favorable balance of trade Statement C: We need to gain colonies both as sourc
mercantile
16 - The economic policy of mercantilism first developed during the ?
16 - The economic policy of mercantilism first developed during the ?
Age of Exploration
17 - Which statement best describes how a command economy functioned in the Soviet Union ?
17 - Which statement best describes how a command economy functioned in the Soviet Union ?
A central authority determined the type and quantity of goods to be produced
18 - Which statement best explains China's economic shift towards capitalism in the 1980s and early 1990s ?
18 - Which statement best explains China's economic shift towards capitalism in the 1980s and early 1990s ?
communist economic policies were not meeting the needs of the society
19 - Economic development in Japan after World War II and in Communist China since the 1980s in similar in that both nations have sought to ?
19 - Economic development in Japan after World War II and in Communist China since the 1980s in similar in that both nations have sought to ?
nationalize most major industries and restrict competition
20 - Since World War II, people in both Africa and Latin America have moved from rural to urban areas, The major cause of this movement has been the ?
20 - Since World War II, people in both Africa and Latin America have moved from rural to urban areas, The major cause of this movement has been the ?
expectation of improved economic opportunities
21 - The emergence of Japan as a world economic power has been based mostly on Japan's ?
21 - The emergence of Japan as a world economic power has been based mostly on Japan's ?
business enterprise and organization
22 - A study of Japan's economy since World War II would lead to the conclusion that ?
22 - A study of Japan's economy since World War II would lead to the conclusion that ?
A government support of technological advances can improve a nation's
23 - Which conclusion can be drawn from the infromation in the chart ?
23 - Which conclusion can be drawn from the infromation in the chart ?
The nations with relatively low birthrates have relatively high per capita incomes
24 - Singapore and Hong Kong have become major economic powers by taking advantage of their ?
24 - Singapore and Hong Kong have become major economic powers by taking advantage of their ?
favorable location on international trade routes
25 - Which factor contributes most to the recurring food shortages in Africa ?
25 - Which factor contributes most to the recurring food shortages in Africa ?
Poor distribution of agricultural products
26 - Which is the largest cotton producing country in the world ?
26 - Which is the largest cotton producing country in the world ?
China
27 - Champignons are what type of food ?
27 - Champignons are what type of food ?
Mushrooms
28 - Which tropical fruit is Latin named musa ?
28 - Which tropical fruit is Latin named musa ?
banana
29 - Which state is in the US produces the most blueberries ?
29 - Which state is in the US produces the most blueberries ?
New Jersey
30 - For which agricultural produce, Sudan is famous and which comes under Tropical Grassland Region ?
30 - For which agricultural produce, Sudan is famous and which comes under Tropical Grassland Region ?
Cotton
31 - Which of the following is an agricultural produce of Taiwan ?
31 - Which of the following is an agricultural produce of Taiwan ?
Rice
32 - Tobacco, a product of high commercial value these days and which grows under a wide range of climates is a major plantation of ?
32 - Tobacco, a product of high commercial value these days and which grows under a wide range of climates is a major plantation of ?
USA
33 - What country had the second largest area of forest ?
33 - What country had the second largest area of forest ?
United States
34 - Which country produced the third most rubber ?
34 - Which country produced the third most rubber ?
Indonesia
35 - In which of the crops Russia does not lead ?
35 - In which of the crops Russia does not lead ?
Surgarcane
36 - Which country produced the most rubber ?
36 - Which country produced the most rubber ?
Thailand
37 - What was the second milk producing country ?
37 - What was the second milk producing country ?
Russia
38 - When you add a tomato product to a Hollandaise Sauce it is called ?
38 - When you add a tomato product to a Hollandaise Sauce it is called ?
Choron
39 - Besides tobacco, tea and cotton, which is the agricultural produce of China ?
39 - Besides tobacco, tea and cotton, which is the agricultural produce of China ?
Millets
40 - Which is the most important crop of the Nile delta ?
40 - Which is the most important crop of the Nile delta ?
Cotton
41 - A Ia Crecy means to be garnished with what ?
41 - A Ia Crecy means to be garnished with what ?
Carrots
42 - What is known as ground black-cherry pits in the Middle East ?
42 - What is known as ground black-cherry pits in the Middle East ?
Mahlab
43 - What is the top sheep producing country ?
43 - What is the top sheep producing country ?
China
44 - What is the third sheep producing country ?
44 - What is the third sheep producing country ?
India
45 - What is the third cattle producing country ?
45 - What is the third cattle producing country ?
United States
46 - What is the top cattle producing country ?
46 - What is the top cattle producing country ?
India
47 - Which of the following is the Prevalent public health problem has been observed in the country ?
47 - Which of the following is the Prevalent public health problem has been observed in the country ?
anemia deficiency
48 - Muslim community constitutes _____ of the world's populatin ?
48 - Muslim community constitutes _____ of the world's populatin ?
1/7th
49 - As consequence of rural urban migration ?
49 - As consequence of rural urban migration ?
Ruralization of Urban areas and ripid growth seem to be the result
50 - Demography is a scientific study of human population with respect to ?
50 - Demography is a scientific study of human population with respect to ?
size, structure, and composition of population
51 - Which one of the following was the most important condition for the growth of the early cities ?
51 - Which one of the following was the most important condition for the growth of the early cities ?
Discoveries of new trades
52 - Cities and towns came into existence due to ?
52 - Cities and towns came into existence due to ?
development of commerce and trade
53 - Races are breeding or mating population of people classified according to ?
53 - Races are breeding or mating population of people classified according to ?
genetically transmitted characteristics
54 - Which of the following countries is the world's largest producer of coal ?
54 - Which of the following countries is the world's largest producer of coal ?
China
55 - How much of the total population of the world i percentage is living in South America ?
55 - How much of the total population of the world i percentage is living in South America ?
0.056
56 - How much of the total land of the world is occupied by North America ?
56 - How much of the total land of the world is occupied by North America ?
0.163
57 - Which is the most abundantly found metal on the Earth's surface ?
57 - Which is the most abundantly found metal on the Earth's surface ?
Silicon
58 - In which country are diamonds abundantly found ?
58 - In which country are diamonds abundantly found ?
South Africa
59 - Which country is the biggest producer of mercury in the world ?
59 - Which country is the biggest producer of mercury in the world ?
Italy
60 - The highest grade of coal whose surface is shining and has the highest calorific value is ?
60 - The highest grade of coal whose surface is shining and has the highest calorific value is ?
Anthracite
61 - The low heating capacity of which of the types of coal reduces its value as an industrial fuel ?
61 - The low heating capacity of which of the types of coal reduces its value as an industrial fuel ?
Peat
62 - Which is the largest cotton producing country in the world ?
62 - Which is the largest cotton producing country in the world ?
China
63 - Black volcanic soil and tropical climate is most suitable without excess rainfall for which crop ?
63 - Black volcanic soil and tropical climate is most suitable without excess rainfall for which crop ?
Cotton
64 - Which of the following crops needs maximum water per hectare ?
64 - Which of the following crops needs maximum water per hectare ?
Sugarcane
65 - What kind of soil is treated with gypsum to make it suitable for cropping ?
65 - What kind of soil is treated with gypsum to make it suitable for cropping ?
Alkaline
66 - Which type of forest covers the highest percentage of forest area in the world ?
66 - Which type of forest covers the highest percentage of forest area in the world ?
Temperate Coniferous forests
67 - Which of the following countries lead in the production of Mica in the world ?
67 - Which of the following countries lead in the production of Mica in the world ?
India
68 - The largest producer of fertilizer in the world is ?
68 - The largest producer of fertilizer in the world is ?
USA
69 - The largest producer of Tobacco in the world is ?
69 - The largest producer of Tobacco in the world is ?
China
70 - Which of the following countries leads in the production of Zinc ?
70 - Which of the following countries leads in the production of Zinc ?
Canada
71 - The leading producer of sulphur in the world is ?
71 - The leading producer of sulphur in the world is ?
USA
72 - Which of the following countries lead in the production of chromites in the world ?
72 - Which of the following countries lead in the production of chromites in the world ?
South Africa
73 - What is the currency of Georgia ?
73 - What is the currency of Georgia ?
Lari
74 - The World biggest oil refinery is situated in ?
74 - The World biggest oil refinery is situated in ?
Iran
75 - Which of the following countries lead in the production of tea in the world ?
75 - Which of the following countries lead in the production of tea in the world ?
Kenya
76 - Which is the most famous waterfall of the world ?
76 - Which is the most famous waterfall of the world ?
Niagara
77 - Black volcanic soil and tropical climate is most suitable without excess rainfall for which crop ?
77 - Black volcanic soil and tropical climate is most suitable without excess rainfall for which crop ?
Cotton
78 - Which country produced the second most rubber ?
78 - Which country produced the second most rubber ?
Malaysia
79 - The crop most susceptible to frost is ?
79 - The crop most susceptible to frost is ?
Cotton
80 - Which country leads in production of barley among the following ?
80 - Which country leads in production of barley among the following ?
Canada
81 - Which country possesses the largest foreign exchange reserves in the world ?
81 - Which country possesses the largest foreign exchange reserves in the world ?
Japan
82 - What was the third mild producing country ?
82 - What was the third mild producing country ?
Germany
83 - What was the top mild producing country ?
83 - What was the top mild producing country ?
United States
84 - Name the largest synthetic rubber and tyre making centre in the world is ?
84 - Name the largest synthetic rubber and tyre making centre in the world is ?
Akron
85 - Which is the largest continent (population wise) of the world ?
85 - Which is the largest continent (population wise) of the world ?
Asia
86 - Besides tobacco, tea and cotton, which is the other agricultural produce of China ?
86 - Besides tobacco, tea and cotton, which is the other agricultural produce of China ?
Rice
87 - Which is the most important crop of the Nile delta ?
87 - Which is the most important crop of the Nile delta ?
Cotton
88 - Which country leads in production of barley among the following?
88 - Which country leads in production of barley among the following?
Canada
89 - What country is third most covered by forests ?
89 - What country is third most covered by forests ?
Surinam
90 - Which of the following countries is the leading producer of rice ?
90 - Which of the following countries is the leading producer of rice ?
China
91 - Which soil is best suited for deep rooted crops ?
91 - Which soil is best suited for deep rooted crops ?
Black soil
92 - What country had the third largest area of forest ?
92 - What country had the third largest area of forest ?
Canada
93 - What was the top buffalo producing country ?
93 - What was the top buffalo producing country ?
India
94 - Which of the following countries is known as sugar bowl ?
94 - Which of the following countries is known as sugar bowl ?
Cuba
95 - What country had the largest area of forest ?
95 - What country had the largest area of forest ?
Russia
96 - Which of the following countries is the leading producer of wheat ?
96 - Which of the following countries is the leading producer of wheat ?
China
97 - What was the second chicken producing country ?
97 - What was the second chicken producing country ?
United States
98 - What was the third sheep producing country ?
98 - What was the third sheep producing country ?
India
99 - What was the top sheep producing country ?
99 - What was the top sheep producing country ?
China
100 - What was the second cattle producing country ?
100 - What was the second cattle producing country ?
China
101 - The country which leads in the production of rubber is ?
101 - The country which leads in the production of rubber is ?
Thailand
102 - For which agricultural produce Sudan is famous and which comes under Tropical Grassland Region ?
102 - For which agricultural produce Sudan is famous and which comes under Tropical Grassland Region ?
Cotton
103 - Which of the following is not a Cash Crop ?
103 - Which of the following is not a Cash Crop ?
Wheat
104 - Which of the following is an agricultural produce of Taiwan ?
104 - Which of the following is an agricultural produce of Taiwan ?
Rice
105 - Groundnut crop is the monopoly of ?
105 - Groundnut crop is the monopoly of ?
India
106 - Wheat being a plant of temperate zone grows well on plains away from sea and having moderately dry climate. World's maximum production of wheat is obtained from ?
106 - Wheat being a plant of temperate zone grows well on plains away from sea and having moderately dry climate. World's maximum production of wheat is obtained from ?
China
107 - The base of all of the following fuels is organic materials except that of ?
107 - The base of all of the following fuels is organic materials except that of ?
Uranium
108 - Which of the following countries leads the world in the export of oil ?
108 - Which of the following countries leads the world in the export of oil ?
Saudi Arabia
109 - Which of the following is a non-metallic mineral ?
109 - Which of the following is a non-metallic mineral ?
Gypsum
110 - Which of the following is the largest producer of cooper ?
110 - Which of the following is the largest producer of cooper ?
Chile
111 - What is the currency of United Arab Emirates ?
111 - What is the currency of United Arab Emirates ?
Dirham
112 - The leading producer of sulphur is ?
112 - The leading producer of sulphur is ?
Italy
113 - The largest producer of diamond in the world is ?
113 - The largest producer of diamond in the world is ?
Russia
114 - Second largest uranium producer in the world is ?
114 - Second largest uranium producer in the world is ?
khazakhstan
115 - Minor crops in Rabi season are pulses potatoes and ?
115 - Minor crops in Rabi season are pulses potatoes and ?
All of these
116 - What is the period of Rabi season ?
116 - What is the period of Rabi season ?
Oct-Dec to April-May
117 - When the period of Kharif crop starts and when ends ?
117 - When the period of Kharif crop starts and when ends ?
April-June, Oct-Sept
118 - Name the country which has the largest tin production in the world is ?
118 - Name the country which has the largest tin production in the world is ?
China
119 - Which country is the source of Stilton cheese ?
119 - Which country is the source of Stilton cheese ?
England
120 - Trees which are considered the tallest in the world ?
120 - Trees which are considered the tallest in the world ?
Redwood
121 - Which country in the World is leading in jute production ?
121 - Which country in the World is leading in jute production ?
India
122 - Which of the following is the correct group of Kharif Crops ?
122 - Which of the following is the correct group of Kharif Crops ?
Rice, Millet Maize Cotton
123 - Which of the following practices of cultivation can be referred to as crop rotation ?
123 - Which of the following practices of cultivation can be referred to as crop rotation ?
Different crops in different seasons
124 - Which types of forest mostly grow in the below of land lying between 50° N and 70° N ?
124 - Which types of forest mostly grow in the below of land lying between 50° N and 70° N ?
Temperate coniferous forests
125 - Which country tops in the production of coconut in the world ?
125 - Which country tops in the production of coconut in the world ?
Indonesia
126 - Which one of the following fertilizers contains a high percentage of nitrogen ?
126 - Which one of the following fertilizers contains a high percentage of nitrogen ?
Urea
127 - Which crop is affected by the disease called blast ?
127 - Which crop is affected by the disease called blast ?
Rice
128 - Which one of the following four agricultural resources by way of crops cultivated by man does not belong to the group comprising the remaining three ?
128 - Which one of the following four agricultural resources by way of crops cultivated by man does not belong to the group comprising the remaining three ?
Coffee
129 - If consumption when young and when old are both normal goods, an increase in the interest rate ?
129 - If consumption when young and when old are both normal goods, an increase in the interest rate ?
will increase the quantity of saving if the substitution effect outweighs the income effect
130 - If income where to double and prices were to to double the budget line would ?
130 - If income where to double and prices were to to double the budget line would ?
stay the same
131 - Refer to Exhibit 4, Suppose that the consumer must choose between buying socks and belts Also suppose that the consumer's income is €100 A pair of socks is ?
131 - Refer to Exhibit 4, Suppose that the consumer must choose between buying socks and belts Also suppose that the consumer's income is €100 A pair of socks is ?
a normal good
132 - Refer to Exhibit 4, Suppose that the consumer must choose between buying socks and belts Also suppose that the consumer's income is €100 Suppose that the price of a pair of socks falls from €5 to €2 The substitution effect is represented by the movement f
132 - Refer to Exhibit 4, Suppose that the consumer must choose between buying socks and belts Also suppose that the consumer's income is €100 Suppose that the price of a pair of socks falls from €5 to €2 The substitution effect is represented by the movement f
Z to point X
133 - If an increase in a consumer's income causes the consumers to decrease her quantity demanded of a good, then the good is ?
133 - If an increase in a consumer's income causes the consumers to decrease her quantity demanded of a good, then the good is ?
an inferior good
134 - Suppose we measure the quantity of good X on the horizontal axis and the quantity of good Y on the vertical axis If indifference curves are bowed inward, as we move from having an abundance of good X to having an abundance of good Y, the marginal rate of
134 - Suppose we measure the quantity of good X on the horizontal axis and the quantity of good Y on the vertical axis If indifference curves are bowed inward, as we move from having an abundance of good X to having an abundance of good Y, the marginal rate of
rises
135 - The consumer's optimal purchase of any two goods is the point where ?
135 - The consumer's optimal purchase of any two goods is the point where ?
the consumer reaches the highest indifference curve subject to remaining on the budget constraint
136 - The slope at any point on an indifference curve is known as ?
136 - The slope at any point on an indifference curve is known as ?
the marginal rate of substitution
137 - Which of the following is not true regarding the outcome of a consumer's optimization process ?
137 - Which of the following is not true regarding the outcome of a consumer's optimization process ?
The consumer is indifferent between any two points on his budget constraint
138 - A change in the relative prices of which of the following pair of goods would likely cause the smallest substitution effect ?
138 - A change in the relative prices of which of the following pair of goods would likely cause the smallest substitution effect ?
right shoes and left shoes
139 - If leisure is a normal good, an increase in the wage ?
139 - If leisure is a normal good, an increase in the wage ?
will increase the amount of labor supplied if the substitution effect outweighs the income effect
140 - The change in consumption that results when a price change moves the consumer along a given indifference curve is known as the ?
140 - The change in consumption that results when a price change moves the consumer along a given indifference curve is known as the ?
substitution effect
141 - Refer to Exhibit 4, Suppose that the consumer must choose between buying socks and belts Also suppose that the consumer's income is €100 Suppose that the price of a pair of socks falls from €5 to €2 The income effect is represented by the movement from po
141 - Refer to Exhibit 4, Suppose that the consumer must choose between buying socks and belts Also suppose that the consumer's income is €100 Suppose that the price of a pair of socks falls from €5 to €2 The income effect is represented by the movement from po
X to point Y
142 - Refer to Exhibit 4. Suppose that the consumer must choose between buying socks and belts Also suppose that the consumer's income is €100 If the price of a belt is €10 and the price of a pair of socks is €5, the consumer will choose to buy the commodity bu
142 - Refer to Exhibit 4. Suppose that the consumer must choose between buying socks and belts Also suppose that the consumer's income is €100 If the price of a belt is €10 and the price of a pair of socks is €5, the consumer will choose to buy the commodity bu
Z
143 - If an increase in a consumer's income causes the consumer to increase his quantity demand of a good, then the good is ?
143 - If an increase in a consumer's income causes the consumer to increase his quantity demand of a good, then the good is ?
a normal good
144 - Which of the following is true about the consumer's optimum consumption bundle? At the optimum ?
144 - Which of the following is true about the consumer's optimum consumption bundle? At the optimum ?
all of these answers are true
145 - Which of the following statements is not true with regard to the standard properties of indifference curves ?
145 - Which of the following statements is not true with regard to the standard properties of indifference curves ?
indifference curves are bowed outward
146 - uppose a consumer must choose between the consumption of sandwiches and pizza. If we measure the quantity of pizza on the horizontal axis and the quantity of sandwiches on the vertical axis and if the price of a pizza is Rs10 and the price of a sandwich i
146 - uppose a consumer must choose between the consumption of sandwiches and pizza. If we measure the quantity of pizza on the horizontal axis and the quantity of sandwiches on the vertical axis and if the price of a pizza is Rs10 and the price of a sandwich i
2
147 - indifference curves for perfect substitutes are ?
147 - indifference curves for perfect substitutes are ?
straight lines
148 - The limit on the consumption bundles that a consumer can afford is known as ?
148 - The limit on the consumption bundles that a consumer can afford is known as ?
the budget constraint
149 - An export subsidy should have the opposite effect of ?
149 - An export subsidy should have the opposite effect of ?
A tariff
150 - Which of the following groups would not benefit from an EU imports quota on Japanese cars ?
150 - Which of the following groups would not benefit from an EU imports quota on Japanese cars ?
EU farmers who export grain
151 - Which of the following statements about trade policy is true ?
151 - Which of the following statements about trade policy is true ?
A country's trade policy has no impact on the size of its trade balance
152 - Suppose, due to political instability, Russians suddenly choose to invest in UK assets as opposed to Russian assets Which of the following statements is true regarding UK net foreign investment ?
152 - Suppose, due to political instability, Russians suddenly choose to invest in UK assets as opposed to Russian assets Which of the following statements is true regarding UK net foreign investment ?
UK net foreign investment falls
153 - If the EU imposes a quota on the importing of clothing produced in China, so reducing UK imports of clothing Which of the following is true regarding the market for foreign currency exchange ?
153 - If the EU imposes a quota on the importing of clothing produced in China, so reducing UK imports of clothing Which of the following is true regarding the market for foreign currency exchange ?
The demand for Pounds increases and the pound appreciates
154 - An increasing in Europe's taste for UK produced Hondas would cause the pound to ?
154 - An increasing in Europe's taste for UK produced Hondas would cause the pound to ?
appreciate, but the total value of UK net export stays the same
155 - An increase in the government budget deficit ?
155 - An increase in the government budget deficit ?
Increases the real interest rate and crowds out investment
156 - Capital flight ?
156 - Capital flight ?
increases a country's net exports and decreases its long-run growth path
157 - Which of the following groups would be most harmed by a UK government budget deficit ?
157 - Which of the following groups would be most harmed by a UK government budget deficit ?
BAe Systems wishing to sell aircraft to Saudi Arabia
158 - An example of a trade policy is ?
158 - An example of a trade policy is ?
A tariff on sugar
159 - An increase in Pakistan's private saving ?
159 - An increase in Pakistan's private saving ?
increase Pakistan's net exports and Pakistan's net capital outflow the same amount
160 - Suppose, due to political instability, Russians suddenly choose to purchase UK assets as opposed to Russian assets Which of the following statements is true regarding the value of the pound and UK net exports ?
160 - Suppose, due to political instability, Russians suddenly choose to purchase UK assets as opposed to Russian assets Which of the following statements is true regarding the value of the pound and UK net exports ?
The pound appreciates, and UK net exports fall
161 - If the EU imposes a quota on the importing of clothing produced in China, so reducing UK imports of clothing, which of the following is true regarding UK net exports ?
161 - If the EU imposes a quota on the importing of clothing produced in China, so reducing UK imports of clothing, which of the following is true regarding UK net exports ?
Net exports will remain unchanged
162 - Which of the following statements regarding the market for foreign currency exchange is true ?
162 - Which of the following statements regarding the market for foreign currency exchange is true ?
An increase in Pakistan's net capital outflow increase the supply of rupees and the rupees depreciate
163 - Which of the following statements regarding the market for foreign currency exchange is true ?
163 - Which of the following statements regarding the market for foreign currency exchange is true ?
An increase in Pakistan's net exports increase the demand for rupees and the rupees appreciates
164 - The Phrase "twin deficits" refers to ?
164 - The Phrase "twin deficits" refers to ?
A country's trade deficit and its government budget deficit
165 - An increase in the Pakistan's government budget deficit ?
165 - An increase in the Pakistan's government budget deficit ?
decreases Pakistan's net exports and Pakistan's net Capital outflow the Pakistan's same amount
166 - Which of the following statement regarding the loanable funds market is true ?
166 - Which of the following statement regarding the loanable funds market is true ?
An increase in the government budget deficit shifts the supply of loanable funds to the left
167 - Which of the following statements regarding the loanable funds market is not true ?
167 - Which of the following statements regarding the loanable funds market is not true ?
An increase in a country's net capital outflow shifts the supply of loanable funds to the left
168 - A dual economy is distinguished from other economies by having ?
168 - A dual economy is distinguished from other economies by having ?
a traditional agricultural sector and a modern industrial sector
169 - Dual economies are countries ?
169 - Dual economies are countries ?
with a modern manufacturing sector as well as traditional agriculture sector
170 - What is the ratio of population density of developing countries to the population of developed countries ?
170 - What is the ratio of population density of developing countries to the population of developed countries ?
2
171 - In low-income countries the average agricultural family produces a surplus ?
171 - In low-income countries the average agricultural family produces a surplus ?
enough to supply only a small nonagricultural population
172 - Assume that the real income of developing Island increases from $120,000 to $160,000 from 2005 to 2006 while its population expands from 1000 to 1100 during the same period Real income per capita has increased by about ?
172 - Assume that the real income of developing Island increases from $120,000 to $160,000 from 2005 to 2006 while its population expands from 1000 to 1100 during the same period Real income per capita has increased by about ?
25
173 - Which one of the following countries is not a high-income country ?
173 - Which one of the following countries is not a high-income country ?
Mexico
174 - Tradable pollution permits ?
174 - Tradable pollution permits ?
Set the quantity of pollution
175 - The gas-guzzler tax that is placed on new vehicles that are very fuel inefficient is an example of ?
175 - The gas-guzzler tax that is placed on new vehicles that are very fuel inefficient is an example of ?
an attempt to internalize a negative externality.
176 - Roberto and Thomas live in a university hall of residence. Reberto values playing loud music at a value of €100. Thomas values peace and quiet at a value of €150. Which of the following statements is true about an efficient solution to this externality pr
176 - Roberto and Thomas live in a university hall of residence. Reberto values playing loud music at a value of €100. Thomas values peace and quiet at a value of €150. Which of the following statements is true about an efficient solution to this externality pr
Thomas will pay Roberto between €100 and €150 and Roberto will stop playing loud music
177 - Which of the following is not considered a transaction cost incurred by parties in the process of contracting to eliminate a pollution externality ?
177 - Which of the following is not considered a transaction cost incurred by parties in the process of contracting to eliminate a pollution externality ?
costs incurred to reduce the pollution
178 - According to the Coase theorem, private parties can solve the problem of externalities if ?
178 - According to the Coase theorem, private parties can solve the problem of externalities if ?
there are no transaction costs.
179 - When an individual buys a car in a congested urban area, it generates ?
179 - When an individual buys a car in a congested urban area, it generates ?
a negative externality
180 - To internalize a negative externality an appropriate public policy response would be to ?
180 - To internalize a negative externality an appropriate public policy response would be to ?
tax the good
181 - A negative externality (that has not been internalized) causes the ?
181 - A negative externality (that has not been internalized) causes the ?
equilibrium quantity to exceed the optimal quantity
182 - A negative externality generates ?
182 - A negative externality generates ?
a social cost curve that is below the supply curve (private cost curve) for a good
183 - Suppose an industry emits a negative externality such a pollution and the possible methods to internalize the externality are command-and-control policies, pigovian taxes, and tradable pollution permits. If economists were to rank these methods for intern
183 - Suppose an industry emits a negative externality such a pollution and the possible methods to internalize the externality are command-and-control policies, pigovian taxes, and tradable pollution permits. If economists were to rank these methods for intern
tradable pollution permits, Pigouvian taxes, command-and-control policies
184 - When wealthy alumni provide charitable contributions to their universities to reduce the tuition payments of current students it is an example of ?
184 - When wealthy alumni provide charitable contributions to their universities to reduce the tuition payments of current students it is an example of ?
an attempt to internalize a positive externality
185 - A pigovian tax on pollution ?
185 - A pigovian tax on pollution ?
Sets the price of pollution
186 - Which of the following is true regarding tradable pollution permits and Pigouvian taxes ?
186 - Which of the following is true regarding tradable pollution permits and Pigouvian taxes ?
Pigouvian taxes and tradable pollution permits create an efficient market for pollution.
187 - Roberto and Thomas live in a university hall of residence Roberto values playing loud music at a value of €100. Thomas values Pease and quiet at a value of €150. Which of the following statements is true ?
187 - Roberto and Thomas live in a university hall of residence Roberto values playing loud music at a value of €100. Thomas values Pease and quiet at a value of €150. Which of the following statements is true ?
It is efficient for Roberto to stop playing loud music regardless of who has the property right to the level of sound
188 - To internalize a positive externality an appropriate public policy response would be to ?
188 - To internalize a positive externality an appropriate public policy response would be to ?
subsidize the good
189 - The most efficient pollution control system would ensure that ?
189 - The most efficient pollution control system would ensure that ?
the polluters with the lowest cost of reducing pollution reduce their pollution the greatest amount
190 - The government engages in a technology policy ?
190 - The government engages in a technology policy ?
to internalize the positive externality associated with technology-enhancing industries.
191 - A positive externality (that has not been internalized) caused the ?
191 - A positive externality (that has not been internalized) caused the ?
optimal quantity to exceed the equilibrium quantity
192 - A positive externality generates ?
192 - A positive externality generates ?
a social value curve that is above the demand curve (private value curve) for good
193 - An externality is ?
193 - An externality is ?
The uncompensated impact of one person's actions on the well-being of a bystander
194 - The Baker plan (1985) stressed _______ and the Brady Plan (1989) emphasized _______ respectively?
194 - The Baker plan (1985) stressed _______ and the Brady Plan (1989) emphasized _______ respectively?
new loans from multilateral agencies and surplus countries; debt reduction or write-downs
195 - Which of the following statement is Not true ?
195 - Which of the following statement is Not true ?
The ratio of debt service to GNP is very good indicator of the debt burden
196 - Shortly after 1979 World Bank introduced loans that emphasized reforms in trade, agriculture industry public enterprise financial energy education or other sectors and were known as ?
196 - Shortly after 1979 World Bank introduced loans that emphasized reforms in trade, agriculture industry public enterprise financial energy education or other sectors and were known as ?
sectoral adjustment loans
197 - With free trade the total value of imports would equal ?
197 - With free trade the total value of imports would equal ?
$400,000 units
198 - Concerning import tariffs of the United States empirical studies tend to conclude that these tariffs are ?
198 - Concerning import tariffs of the United States empirical studies tend to conclude that these tariffs are ?
regressive and thus bear down on the poor
199 - Concerning a government's trade policy, all the following generally apply except ?
199 - Concerning a government's trade policy, all the following generally apply except ?
because domestic consumers outnumber domestic producer's policy markers usually enact Free-trade policies to satisfy the consumer majority:
200 - Suppose that the nominal tariff rate on finished computers is 12 percent and that the weighted average of the nominal tariff rates on the inputs used in producing computers is 18 percent. Thus, the effective rate of protection for the computer industry mu
200 - Suppose that the nominal tariff rate on finished computers is 12 percent and that the weighted average of the nominal tariff rates on the inputs used in producing computers is 18 percent. Thus, the effective rate of protection for the computer industry mu
be less than 12 percent and can be negative
201 - Suppose that Pakistan imposes a tariff on ballpoint pens of 25 rupees per pen plus 12 percent of the pen's value, this is an example of a (an) ?
201 - Suppose that Pakistan imposes a tariff on ballpoint pens of 25 rupees per pen plus 12 percent of the pen's value, this is an example of a (an) ?
compound tariff
202 - If the world price of steel is $500 a ton a specific tariff $50 is equivalent to an ad valorem tariff of______________?
202 - If the world price of steel is $500 a ton a specific tariff $50 is equivalent to an ad valorem tariff of______________?
10 percent
203 - In today's world, most countries impose tariffs ?
203 - In today's world, most countries impose tariffs ?
only on imports
204 - Domestic producers gain ________ because on the tariff?
204 - Domestic producers gain ________ because on the tariff?
75000
205 - With the tariff the government collects?
205 - With the tariff the government collects?
100000
206 - Suppose there is no tariff on imported inputs and the ratio of the value of imported inputs the value of the final product is 0.5 If the nominal tariff rate on the final product is 10 percent, the effective tariff rate equals ?
206 - Suppose there is no tariff on imported inputs and the ratio of the value of imported inputs the value of the final product is 0.5 If the nominal tariff rate on the final product is 10 percent, the effective tariff rate equals ?
20 percent
207 - A tariff can _______ raise a country's welfare?
207 - A tariff can _______ raise a country's welfare?
sometimes
208 - If a nation fitting the criteria for the large nation model imposes an import tariff ?
208 - If a nation fitting the criteria for the large nation model imposes an import tariff ?
The domestic price of the product will increase by less than the tariff
209 - According to the _____ argument for protection, tariffs can shield new industries from import competition until they have grown strong and efficient enough to withstand the competition by foreign producers ?
209 - According to the _____ argument for protection, tariffs can shield new industries from import competition until they have grown strong and efficient enough to withstand the competition by foreign producers ?
infant industry argument
210 - A tariff that prohibits imports has only ?
210 - A tariff that prohibits imports has only ?
consumption effect and protection effect
211 - The effective rate of protection ?
211 - The effective rate of protection ?
shows the increase in value added for domestic production that a particular tariff structure makes possible, in percentage terms
212 - Specific tariffs are collected as ?
212 - Specific tariffs are collected as ?
fixed amount of money per unit traded
213 - If I purchase a stereo from South Korea, I obtain the stereo and South Korea obtains the dollars But if I purchase a stereo produced in the Pakistan I obtain the stereo and the rupees remain in Pakistan, This line of reasoning is ?
213 - If I purchase a stereo from South Korea, I obtain the stereo and South Korea obtains the dollars But if I purchase a stereo produced in the Pakistan I obtain the stereo and the rupees remain in Pakistan, This line of reasoning is ?
deceiving since Koreans eventually spend the dollars on Pakistani goods
214 - For advanced countries such as the United States, tariffs on imported raw materials tend to be ?
214 - For advanced countries such as the United States, tariffs on imported raw materials tend to be ?
lower than tariffs on imported manufactured goods
215 - A tax of 15 percent per imported item would be an example of a (an) ?
215 - A tax of 15 percent per imported item would be an example of a (an) ?
Ad valorem tariff
216 - The national security argument for protection is more likely to be valid when ?
216 - The national security argument for protection is more likely to be valid when ?
The protected industry provides invaluable goods during periods of war
217 - If no imported inputs (hard-disk drive) go into the domestic production of a final product (desktop computer) then the ?
217 - If no imported inputs (hard-disk drive) go into the domestic production of a final product (desktop computer) then the ?
nominal tariff rate on the final product equals the effective tariff rate on the product
218 - Suppose that the offshore assembly provisions (OAP) of the United States are granted to finished computers that are imported and produced domestically This policy will tend to ?
218 - Suppose that the offshore assembly provisions (OAP) of the United States are granted to finished computers that are imported and produced domestically This policy will tend to ?
Increase the production of computer components in the United States
219 - A tariff ______ increase a country overall welfare?
219 - A tariff ______ increase a country overall welfare?
can sometimes
220 - If a country an imposes an import tariff, its welfare can improve if ?
220 - If a country an imposes an import tariff, its welfare can improve if ?
its terms of trade improve enough
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