Economics Mcqs

The positive relationship between price and quantity supplied is called:_________?

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The positive relationship between price and quantity supplied is called:_________?A. Profit
B. a change of supply
C. a shift to the supply curve
D. the law of supply

Positive relationship between price and quantity supplied—that a higher price leads to a higher quantity supplied and a lower price leads to a lower quantity supplied—the law of supply. The law of supply assumes that all other variables that affect supply are held constant.

 

To maintain its economic position, Japan has often limited the number of cars or the quantity of farm products that the United States can sell in Japan Japan has imposed these limits to develop ?

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To maintain its economic position, Japan has often limited the number of cars or the quantity of farm products that the United States can sell in Japan Japan has imposed these limits to develop ?

A. an equality of trade position
B. a favorable balance of trade
C. a more open market
D. a belief system

Which factor best accounts for the existence of cash-crop production as a major form of agriculture i many central American nations today ?

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Which factor best accounts for the existence of cash-crop production as a major form of agriculture i many central American nations today ?

A. demand of world markets for such crops
B. lack of modern agricultural technology
C. inadequate supply of water and other natural resources
D. peasant ownership of most farmlands

In recent years, which factor has been major reason for the economic tensions between the United States and China ?

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In recent years, which factor has been major reason for the economic tensions between the United States and China ?

A. China’s trade deficit with the United States was very high
B. The United States refused to place quotas on Chinese goods
C. The United States imported more from China than it exported to China
D. China lowered tariffs on goods imported from the United States

Which situation has contributed most recent Japanese economic growth ?

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Which situation has contributed most recent Japanese economic growth ?

A. The Japanese government has place limits on Japanese exports
B. Japanese industries spend very little on the research and development of new products
C. The Japanese government and Japanese businesses have cooperated with each other
D. Japanese citizens save less of their incomes than the citizens of other industrialized nation do

A comparison of Japan’s policies before 1945 with the policies in effect after 1945 indicates that______________?

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A comparison of Japan’s policies before 1945 with the policies in effect after 1945 indicates that______________?

A. reduction in spending on military goods leads to economic depression
B. dependence on foreign trade usually leads to a weakened national economy
C. territorial aggression is not necessary to secure national economic goals
D. democratic institution hinder economic growth