Economics MCQs

4475 MCQs  (Page 349 of 448)

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Political activists_______________?
A. Are moving outside the democratic party to achieve some of their political goals
B. Are becoming very scarce in both parties
C. Are hoping to create a third party
D. None of the above
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The primary function of the economy as a social institution is to________________?
A. Convict felons in common pleas cout
B. Provide a blueprint showing people how to survive
C. Show people how to obtain goods and services without having to pay for them
D. None of the above
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Resources are defined as___________________?
A. Anything that is manmade
B. Anything that is produced in factories
C. Anything that is derived from natural including
D. Everything that is needed for the production of goods and services including human energy
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A society’s economic system is largely determined by its concept of________________?
A. Truth
B. Property
C. Happiness
D. Justice
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What does one call property owned by the state in the name of the people ?
A. Public
B. Private
C. Common law
D. Communal
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Professionalization means__________________?
A. Excessive upward mobility
B. Interlocking directorates
C. Racial polarization
D. A combination of theoretical knowledge and training
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In industrial societies consumption ?
A. Must always be limited
B. Maintains and fuels demand
C. Is not a factor
D. Is viewed unfavorably
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Material objects found in nature are called_______________?
A. Land
B. Capital
C. Labor
D. Time
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The production possibilities frontier refers to_______________?
A. The amount of each commodity that can be produced given available resources
B. Unlimited production of one commodity
C. Limitless output of commodities
D. None of the above
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A member of a Navajo tribe can graze his sheep on clan land but he cannot sell it Navajo land is what kind of property ?
A. Public
B. Private
C. Communal
D. Indian
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Word of the Day
21 Jul
Refrain
stop oneself from doing something.
روکنا، پرہیز کرنا

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