Miscellaneous Economics Mcqs

A. slow until the Industrial Revolution then rapid
B. rapid since the beginning of history
C. unchanged
D. slow because people are creatures of habit

A. future shock
B. culture shock
C. myocardial shock
D. static shock

A. took place in 1750
B. began with the invention of the steam engine
C. turned people from food gatherers to food producers
D. occurred in England

A. was introduced when it became convenient to house both workers and machinery under one roof
B. gave more power to the employers called entrepreneurs
C. was an American invention popularized through cultural diffusion
D. resulted from BOTH the convenience of housing workers and equipment together and gave more power to the entrepreneurs

A. a change in the economy from agrarian to industrial
B. a change in the population distribution from rural to urban
C. the discovery of natural resources
D. both urbanization and industrialization

A. cultural advancement
B. cultural change
C. cultural lag
D. cultural conflict

A. the invention of a few basic machines
B. the overthrow of the British
C. the founding of Sony in Japan
D. the proletariat in Russia

A. the invention of basic machines
B. the discovery of new material
C. new sources power
D. all of the above

A. grateful
B. selective in borrowing
C. nonselective in borrowing
D. gullible and impressionable

A. By a command system
B. According to tradition
C. Through a price system
D. By executive fiat