Economics MCQs

4475 MCQs  (Page 418 of 448)

An example of resource versatility is_________________?
A. Land used for both mining and recreation
B. Swimming fishing and boating in the same lake
C. Stringing beads in the morning fishing in the afternoon, and teaching bead stringing at night
D. All of the above
Another way of talking about opportunity costs might be as________________?
A. Economic consequences
B. Social consequences
C. Value of sacrificed resources
D. Parallel world
Money is___________________?
A. A means of exchange
B. A method of barter
C. Anything of intrinsic value
D. All of the above
Industrialization was accompanied by_______________?
A. Creation of a middle class
B. Dehumanization and commodification of labor
C. Continued accumulation and reinvestment of capital
D. All of the above