Economics Mcqs

I- access to more economic information than competitors
II- superior access to training and education
III- a lower discount of future earnings
IV- larger firm size
A. I and II only
B. II and III only
C. I, II and III only
D. I, II, III, and IV

A. based on government intervention in the means of production
B. that originated in the United States in the 19th Century
C. Where private owners of capital make decisions based on profit
D. that dominated develog economies in the 19 Century

A. created stationary economies of scale
B. maintained the relationship between firms and their clients
C. replaced price as the important
D. limited the expansion of firms

A. the development of pure science, invention innovation financing the innovation and the innovation’s acceptance
B. introducing new products modifying production functions creating credit and making profits
C. innovation investment credit creation and economies growth
D. patent management resource gains mature innovation and speculative gains

A. Perfect competition
B. An economy below full employment
C. No savings or technical change
D. No entrepreneurial function is required