Miscellaneous Economics Mcqs

A. all participants get some satisfaction
B. scarce resources are put into goods that are in demand
C. economic output is distributed to those who can pay the price
D. all of the above

A. Primary
B. Secondary
C. Tertiary
D. Quaternary

A. Foreman
B. Union official
C. Stock holder
D. CEO

A. partnership
B. proprietorship
C. trust
D. corporation

A. is a public institution
B. has the advantage of being able to accumulate vast amounts of capital in a short period of time
C. can afford to pay for the latest research and technology
D. all of the above

A. everything needed for the production of goods and services including human energy
B. everything found in the ground
C. everything that is made by people
D. none of the above

A. must be combined in the production of goods and service
B. must be used separately to produce goods and service
C. have no function in the production of goods and service
D. create a balance between humans and their environment

A. Antitrust laws
B. Increasing white-collar membership
C. Expansion of the manufacturing sector
D. Loss of membership

A. closed
B. multinational
C. restricted
D. monopolistic

A. supplies the real needs of people
B. creates artificial demands
C. helps the wealthy get richer
D. none of the above