A. earn more money
B. increase productivity
C. increase absenteeism
D. decrease productivity
In order to raise the GNP and the GDP per capita one must____________? Read More »
Miscellaneous Economics Mcqs A. the GDP
B. the GNP
C. the NNP
D. the SPQR
A. a person’s marginal productivity
B. whom one knows
C. which skills one has
D. innate talent
In economic terms incomes are distributed according to________________? Read More »
Miscellaneous Economics Mcqs A. resulted from the greed of the robber barons
B. resulted from insufficient demand
C. was the worst case of massive unemployment
D. only B and C
The Great Depression_________________? Read More »
Miscellaneous Economics Mcqs A. the market does not provide for satisfying public needs
B. the market is not equitable favoring those with more resources
C. the market makes no provision for protecting smaller participants
D. all of the above
Total “laissez-faire” is impossible because________________? Read More »
Miscellaneous Economics Mcqs A. clearance price
B. equilibrium price
C. pressure price
D. a buyer’s market
A. are totally free to pursue their goals
B. are affected by prices and incomes
C. try to maximize their worth
D. try to maximize their labor
Participants in the market system________________? Read More »
Miscellaneous Economics Mcqs A. factor markets
B. resource markets
C. product markets
D. abstract markets
Firms sell their products in________________? Read More »
Miscellaneous Economics Mcqs A. super economics
B. microeconomics
C. microeconomics
D. hyper economics
A. pent-up demand
B. aggregate demand
C. elastic demand
D. excess demand
