MCQOPTIONS
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MCQOPTIONS
This section includes 381 Mcqs, each offering curated multiple-choice questions to sharpen your General knowledge and support exam preparation. Choose a topic below to get started.
| 351. |
The sale of shares on the stock exchange in order to realize capital appreciation is known as: |
| A. | Profit Sharing |
| B. | Profit Taking |
| C. | Dividends |
| D. | Equity |
| Answer» B. Profit Taking | |
| 352. |
In pure monopoly, what is the relation between the price and the marginal revenue? |
| A. | The price is greater than the marginal revenue |
| B. | The price is less than the marginal revenue |
| C. | There is no relation |
| D. | They are equal |
| Answer» B. The price is less than the marginal revenue | |
| 353. |
According to economists, economic self-interest: |
| A. | is a reality that underlies economic behavior |
| B. | has the same meaning as selfishness |
| C. | is more characteristic of men than of women |
| D. | is usually self-defeating |
| Answer» B. has the same meaning as selfishness | |
| 354. |
Term of trade for a country are the ratio of _______________ to _____________? |
| A. | its opportunity costs, world opportunity costs |
| B. | export prices, import prices |
| C. | Value of exports, value of imports |
| D. | its currency, other currencies |
| Answer» C. Value of exports, value of imports | |
| 355. |
Telling people that using a certain toothpaste will make them sexually appealing is an example of___________? |
| A. | truth in advertising |
| B. | propaganda |
| C. | censorship |
| D. | practical use of scientific research |
| Answer» C. censorship | |
| 356. |
Real national income increases if: |
| A. | Volume of goods and services increases |
| B. | Prices of goods and services increase |
| C. | None of the above one |
| Answer» B. Prices of goods and services increase | |
| 357. |
Commodities or assets with some economic value which exist without any effort of mankind, are called: |
| A. | Minerals |
| B. | Natural resources |
| C. | By-products |
| D. | Consumer resources |
| Answer» B. Natural resources | |
| 358. |
The informal sector includes ? |
| A. | Artisans, cottage industrialists, petty traders, teashop proprietors |
| B. | - garbage pickers jitney unauthorized taxis repair persons |
| C. | I- the self employed |
| D. | - activities with little capital skill and entry barriers |
| Answer» B. - garbage pickers jitney unauthorized taxis repair persons | |
| 359. |
Taxes may be considered_____________? |
| A. | additions to the circular flow |
| B. | withdrawals from the economic flow |
| C. | injections into the economic flow |
| D. | as not affecting the economic flow |
| Answer» E. | |
| 360. |
Suppose the price level falls but suppliers only notice that the price of their particular product has fallen Thinking there has been a fall in the relative price of their product they cut back on production, This is a demonstration of the ? |
| A. | misperceptions theory of the short run aggregate supply curve |
| B. | classical dichotomy theory of the short run aggregate supply curve |
| C. | sticky price theory of the short run aggregate supply curve |
| D. | sticky wage theory of the short run aggregate supply curve |
| Answer» B. classical dichotomy theory of the short run aggregate supply curve | |
| 361. |
Studying interaction within a human family would occur on a____________? |
| A. | microsocial level |
| B. | macrosocial level |
| C. | macroscopic level |
| D. | microscopic level |
| Answer» C. macroscopic level | |
| 362. |
Setting the promotion budget so as to match the budgets of the competition is characteristic of which of the following budget methods ? |
| A. | Affordable method |
| B. | Percentage of Sales method |
| C. | Competitive parity method |
| D. | Objective and task method |
| Answer» D. Objective and task method | |
| 363. |
Suppose that the world price of tin is above the target (ceiling) price that is defined by an international commodity agreement. To move the world price toward the target price, a buffer stock agreement would require its buffer stock manager to ____ tin and an export quota agreement would require that member countries _________ their export of tin? |
| A. | purchase, decrease |
| B. | purchase, increase |
| C. | sell, increase |
| D. | sell, decrease |
| Answer» D. sell, decrease | |
| 364. |
Deforestation ? |
| A. | leads to localized flooding |
| B. | - reduces sustainable logging potential |
| C. | I- reduces watershed stability |
| D. | augments carbon restoration provided by forest |
| Answer» B. - reduces sustainable logging potential | |
| 365. |
That the company that overlooks new and better ways to do things will eventually lose customers to another company that has found a better way to serving customer needs is a major tenet of ? |
| A. | innovative marketing |
| B. | consumer oriented marketing |
| C. | value marketing |
| D. | sense -f mission marketing |
| Answer» B. consumer oriented marketing | |
| 366. |
Suppose a wave of investor and consumer optimisms has increased spending so that the current level of input exceeds the long-run natural rate If policy makers choose to engage in activist stabilization policy they should ? |
| A. | decrease government spending Which the shifts the aggregate demand curve to the left |
| B. | decrease taxes, which shifts the aggregate demand curve to the right |
| C. | decrease taxes, which shifts the aggregate demand curve to the left |
| D. | decrease government spending which shifts the aggregate demand curve to the right |
| Answer» B. decrease taxes, which shifts the aggregate demand curve to the right | |
| 367. |
A firm in a monopolistically competitive industry ? |
| A. | sells a fixed amount of output regardless of price. |
| B. | must raise price to sell more output |
| C. | can sell an infinite amount of output at the market-determined price |
| D. | must lower price to sell more output. |
| Answer» E. | |
| 368. |
Social Darwinists believed that________________? |
| A. | resources belong to all the people |
| B. | only the strongest persons should control the resources of a society |
| C. | the weak shall inherit the earth |
| D. | natural selection was a hoax |
| Answer» C. the weak shall inherit the earth | |
| 369. |
Sellers that handle their own exports are engaged in ? |
| A. | direct exporting |
| B. | indirect exporting |
| C. | licensing |
| D. | contract manufacturing |
| Answer» B. indirect exporting | |
| 370. |
Surplus labor theories assume that ? |
| A. | LDCs are overpopulated |
| B. | labor contributes nothing to output in LDCs |
| C. | the marginal products of labor is closed to zero in LDCs |
| D. | urban unemployment is high in LDCs |
| Answer» D. urban unemployment is high in LDCs | |
| 371. |
Terrorist groups differ from liberation organizations in that_______________? |
| A. | only terrorists take credit for bombing museums |
| B. | they do not organize the masses on a large scale |
| C. | they tend to hide in rural areas |
| D. | their leaders are well known |
| Answer» C. they tend to hide in rural areas | |
| 372. |
Privatization refers to a range of policies including ? |
| A. | . Liberalization of entry into activities previously restricted to the public sector |
| B. | I. two infant industries merging into a monopoly |
| C. | . franchising or contracting public services or leasing public assets to the Private sector |
| Answer» B. I. two infant industries merging into a monopoly | |
| 373. |
Studying the interaction between government and the economy would occur on a______________? |
| A. | microsocial level |
| B. | macrosocial level |
| C. | secondhand level |
| D. | macroscopic level |
| Answer» B. macrosocial level | |
| 374. |
In a market system, sellers act in ____________ interest , but this leads to behaviors in ____________ interest. |
| A. | Self, self |
| Answer» B. | |
| 375. |
In economics, the pleasure, happiness, or satisfaction received from a product is called ______? |
| A. | marginal cost |
| B. | rational outcome |
| C. | status fulfillment |
| D. | utility |
| Answer» E. | |
| 376. |
What is the business of accepting deposits and lending money called? |
| A. | Stock market |
| B. | Trading |
| C. | Black market |
| D. | Banking |
| Answer» B. Trading | |
| 377. |
John lost his accounting job when Montgomery Wards closed its stores in San Diego. He looked for a similar job for ten months before finding an accounting job at Sears. During the month John was unemployed, he was |
| A. | Frictionally unemployed |
| B. | Seasonally unemployed |
| C. | Cyclically unemployed |
| D. | Structurally unemployed |
| Answer» B. Seasonally unemployed | |
| 378. |
Takatoshi Ito (1992) contends that parliamentary governments manipulate the timing of _____ while presidential governments manipulate the timing of _____? |
| A. | monetary policy, fiscal policy |
| B. | elections, economics policies |
| C. | economic policies, political policies |
| D. | tax collection, tax implementation |
| Answer» C. economic policies, political policies | |
| 379. |
National income is the sum of: |
| A. | Income of all the rich people of the country |
| B. | Income of all industrialists of the country |
| C. | Income of all the agriculturists in the country |
| D. | Income of all the people in the country during a year |
| Answer» B. Income of all industrialists of the country | |
| 380. |
Technical advance involves ? |
| A. | introducing new products modifying production functions creating credit and making profits |
| B. | innovation investment credit creation and economies growth |
| C. | patent management resource gains mature innovation and speculative gains |
| Answer» B. innovation investment credit creation and economies growth | |
| 381. |
Structural functionalism is the intellectual descendent of________________? |
| A. | Marxism |
| B. | Social Darwinism |
| C. | Classical liberalism |
| D. | Classical conservatism |
| Answer» E. | |