Economics MCQs

4475 MCQs  (Page 350 of 448)

Attempt Economics Mcqs Quiz
Consumer sovereignty means that________________?
A. Production depends on supply and demand
B. Consumers create demand
C. Producers supply what is demanded
D. All of the above
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Socialism and communism both call for________________?
A. Government controlling parts of the economy for the common good
B. Revolutionary change
C. Abolition of private property
D. Totalitarian government and dictatorship of the proletariat
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The Industrial Revolution shifted the emphasis in ownership from land to______________?
A. Gold and silver
B. The means of production machines tools materials
C. Serfs
D. Precious spices
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When a few powerful corporation dominate as industry the condition is called_____________?
A. A free market for all
B. Oligopoly
C. Government control
D. None of the above
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When the American Cigar Co buys a pizza chain the process is called________________?
A. Monopoly
B. Diversification
C. Planned obsolescence
D. Takeover attempt
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Today most workers in the United States are employed in the_________________?
A. Primary sector
B. Secondary sector
C. Tertiary sector
D. Quaternary sector
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The following factors are important in production_______________?
A. Water space air
B. Earth wind fire
C. Animal vegetable object
D. Technology time efficiency
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What kind of a system is the economic institution ?
A. Cultural and social
B. Religious and educational
C. Semantic and semitic
D. Typically, american
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Professionalization means________________?
A. Everyone is called by a title
B. The same as unemployment
C. There is a decrease in polarization
D. Having theoretical knowledge in addition to training
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Public government agencies are________________?
A. Firms
B. Households
C. Markets
D. Central authorities
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Word of the Day
21 Jul
Refrain
stop oneself from doing something.
روکنا، پرہیز کرنا

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