Economics MCQs

A. Adam smith
B. Thomas r. malthus
C. John stuart mill
D. John maynard keynes

A. The french revolution
B. The rise of industrial and capitalist production
C. Political and labor revolts
D. A growing spiritual rationalism

A. Lower
B. Higher
C. About the same height
D. None of the above

A. 2 million barrels per day, $100, $60 million
B. 4 million barrels per day, $80, $160 million
C. 6 million barrels per day, $60, $60 million
D. 8 million barrels per day, $40, $20 million

A. Much available data contradicts his thesis about the takeoff stage
B. There is no explanation of why growth occurs after takeoff
C. His hypothesis of the stages of growth is difficult to test empirically
D. All of the above are correct

A. Technology levels do not allow for self sufficiency
B. It was previously too poor to save and invest
C. Underemployment is too widespread
D. Resource allocation is poor

A. Flying geese
B. Import substitution
C. Export orientation
D. Commodity expansion

A. Has been a matter of low priority for the chinese government
B. Was achieved in the early 1950s
C. Has been opposed by a number of labor and human rights organizations in other countries
D. Has had negligible effect on trade between china and the united states

A. Inelastic demand for these products in advanced countries
B. Large increases in the supplies of these products on world markets because of export expansion policies
C. Sluggish demand for these products in advanced countries
D. All of the above

A. Relatively small; more difficult
B. Relatively small; easier
C. Relatively large; more difficult
D. Relatively large; easier