With the shift from family capitalism to industrial capitalism the important unit became the_______________?
A. corporation
B. government
C. commune
D. union
Miscellaneous Economics Mcqs
The Protestant Ethic supported capitalism through the religious doctrine that praised_________________?
The Protestant Ethic supported capitalism through the religious doctrine that praised_________________?
A. hard work and thrift
B. predestination
C. turning the other cheek
D. buying indulgences
In contemporary market systems competition____________________?
In contemporary market systems competition____________________?
A. is quite strong
B. is diluted by private and state monopolies
C. does not exist
D. has been replaced by planning
The market system consists of planning by__________________?
The market system consists of planning by__________________?
A. inducement
B. direction
C. command
D. tradition
Specialized division of labor in industrial societies can make workers feel that they_______________?
Specialized division of labor in industrial societies can make workers feel that they_______________?
A. have lack of control
B. have no sense of accomplishment
C. are an anonymous group
D. all of the above
Efficiency in economic terminology means________________?
Efficiency in economic terminology means________________?
A. using existing technology
B. obtaining the highest output in the least amount of time
C. ignoring the time factor
D. making do with as few workers as possible
Which economic orientations govern Western industrial societies ?
Which economic orientations govern Western industrial societies ?
A. Tradition
B. Command
C. Free Market
D. BOTH market and command
The main problem facing societies with a surplus is_____________________?
The main problem facing societies with a surplus is_____________________?
A. how to get rid of it
B. what to produce how produce it and for whom to produce it
C. there is no problem it is divided equally
D. how to keep it away from enemies
The numbers of PACs ?
The numbers of PACs ?
A. doubled since 1974
B. tripled since 1074
C. quadrupled since 1974
D. increased nearly sevenfold since 1974
The foremost advantage of a corporation is its_____________?
The foremost advantage of a corporation is its_____________?
A. ability to accumulate vast amounts of capital in a short time
B. capacity for protracted periods of employment
C. ability to profit from the labor of its employees
D. necessity to exhibit the latest technology