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Miscellaneous Economics Mcqs

In order to raise the GNP and the GDP per capita one must____________?

August 5, 2021June 26, 2019 by admin
In order to raise the GNP and the GDP per capita one must____________?

A. earn more money
B. increase productivity
C. increase absenteeism
D. decrease productivity

Categories Miscellaneous Economics Mcqs

A way of calculating the total output of the economy regardless of where resources are located is________________?

August 5, 2021June 26, 2019 by admin
A way of calculating the total output of the economy regardless of where resources are located is________________?

A. the GDP
B. the GNP
C. the NNP
D. the SPQR

Categories Miscellaneous Economics Mcqs

In economic terms incomes are distributed according to________________?

August 5, 2021June 26, 2019 by admin
In economic terms incomes are distributed according to________________?

A. a person’s marginal productivity
B. whom one knows
C. which skills one has
D. innate talent

Categories Miscellaneous Economics Mcqs

The Great Depression_________________?

August 5, 2021June 26, 2019 by admin
The Great Depression_________________?

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

Categories Miscellaneous Economics Mcqs

Total “laissez-faire” is impossible because________________?

August 5, 2021June 26, 2019 by admin
Total “laissez-faire” is impossible because________________?

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

Categories Miscellaneous Economics Mcqs

When the supply and demand curves intersect the final lasting price is achieved This is called_____________?

August 5, 2021June 26, 2019 by admin
When the supply and demand curves intersect the final lasting price is achieved This is called_____________?

A. clearance price
B. equilibrium price
C. pressure price
D. a buyer’s market

Categories Miscellaneous Economics Mcqs

Participants in the market system________________?

August 5, 2021June 26, 2019 by admin
Participants in the market system________________?

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

Categories Miscellaneous Economics Mcqs

Firms sell their products in________________?

August 5, 2021June 26, 2019 by admin
Firms sell their products in________________?

A. factor markets
B. resource markets
C. product markets
D. abstract markets

Categories Miscellaneous Economics Mcqs

Maintaining full employment stabilizing the economy and pursuing economic growth are issues analyzed in the context of_______________?

August 5, 2021June 26, 2019 by admin
Maintaining full employment stabilizing the economy and pursuing economic growth are issues analyzed in the context of_______________?

A. super economics
B. microeconomics
C. microeconomics
D. hyper economics

Categories Miscellaneous Economics Mcqs

Total planned OR desired spending in the economy as a whole within a given period is called_____________?

August 5, 2021June 26, 2019 by admin
Total planned OR desired spending in the economy as a whole within a given period is called_____________?

A. pent-up demand
B. aggregate demand
C. elastic demand
D. excess demand

Categories Miscellaneous Economics Mcqs
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