quiz questions:
A large increase in loans by consumers is most likely to lead to a rise in imports and a larger trade deficit
A table that shows the payoffs for every possible action by each player for every possible action by the other player is called the _. payoff matrix
Alberta is named after whom? Princess Louise Caroline Alberta, 4th daughter of Queen Victoria
Benito Mussolini and his mistress were shot on April 28, 1945. What was the name of this mistress? Clara Petacci
Brand names are primarily used to_ To help identify a product
Charles IV, a great builder and urban planner, transformed Prague into a magnificent city of 50,000 inhabitants which included: the first university in Central Europe
Conventional economics is based on the assumption that the means by which wants can be satisfied are limited
Differentiated target marketing is_ Where the organization decides to target several segments
Distortions in the market which may require government intervention may be caused by All of the above
Education is best described as a merit good
Finland's Parliament is formed of: unicameral(Eduskunta )
How did the Allies get food and supplies to Berlin during the Soviet blockade? By plane
If the demand is perfectly elastic, the elasticity of demand is _and the demand curve is _ Infinite, horizontal
In 1838 work began on a huge 'national' monument. What did it commemorate? Hermann's victory over the Romans
In perfect competition, each firm _. is a price taker
Keynesian activists advocate that when unemployment is below the natural rate _. both contractionary fiscal and monetary policies be adopted
Operation Eagle Claw was the name given to which mission? Rescuing US embassy staff held hostage in Iranv
Price stability occurs when prices increase at a steady low rate
Prior to the 2004 enlargement, which was the only country to share a land border with Russia? Finland
Starting at full employment, an increase in the quantity of money will in the long run _. increase the price level and leave real GDP unchanged
The _ states that the main source of economic fluctuations is volatile expectations. Keynesian theory of the business cycle
The balance of trade is the value of _ minus the value of _. exports; imports
The currencies of Cyprus and Lebanon share the same name, the _. pound
The economy functions as if it _. is hit by shocks, cycles indefinitely, or cycles in swings until another shock appears
The interest rate that the central bank stands ready to lend reserves to commercial banks is the _rate. discount
The President of Italy is: Giorgio Napolitano
The world's oldest anthem belongs to a EU-member, which one? The Netherlands
Trade unions are better placed to achieve a higher wage differential the more _ and the more _ inelastic the demand for labor, they can restrict the supply of labor
Treasury options are traded on which exchange? Chicago
Two former Soviet republics share a currency called the som. What are those two nations? Kyrgyzstan and Uzbekistan
What are the major components of any society's economy? production, distribution, and exchange
What bay in Canada could hold the entire state of Texas with room to spare? Hudson Bay
What former dictator of Serbia was found dead in a Dutch prison cell on March 11, 2006? Slobodan Milosevic
What is a private distributor brand? A brand developed and owned by wholesalers and retailers
What sort of communism did Alexander Dubcek promote in 1968? Communism with a human face
What was the real name of the Josef Stalin? Dzhugashvili
Which dictator is credited with the following quote: 'A single death is a tragedy, a million deaths is a statistic.'? Josef Stalin
Which is the most northerly of the 2004 enlargement states? Estonia
Which of the following is not a characteristic of a valid contract, which an insurance policy is? Must be written
Which of the following writers is a Libertarian? Dave Barry
Which of these is NOT a common Korean surname? Tin
Which of these Norwegian towns is closest to the Russian border? Kirkenes
Which one of the following is a characteristic of a merit good? It may not be provided in sufficient quantities
Which one of the following is a supply-side policy to reduce unemployment? A reduction in the starting rate of income tax
Which one of the following policies is most likely to be effective in improving the trend rate of growth for an economy? supply side policy [/b]
Which one of the following types of import control would have a direct effect on decreasing imports by a specific amount? A decrease in import quotas
Which two of Henry II's sons became king? John and Richard
Which World War II Field Marshal was known as 'The Desert Fox'? Erwin Rommel
Who in the 1800's said, 'Democracy means simply the bludgeoning of the people by the people for the people.'? Oscar Wilde
Who is known as the founder of the deconstructionalist school of thought? Jacques Derrida
Who was the first president of the Commission of the European Economic Community? Walter Hallstein
Who was the king who had acquired the state of Congo as his personal possession in 1885? Leopold the Second
You work in this economic system to make as much money as you want. Market Economy
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Topic: eRepublik (Read 174314 times)