Miscellaneous Economics Mcqs

A. relative to time and place of study and subject to revision
B. absolute truths for all times
C. universally accepted
D. personal oions of important scholars

A. not of their own making
B. newly created in each generation
C. the result of cultural development over previous generation
D. totally beyond their control

A. case study
B. observation
C. experiment
D. social research

A. firm
B. household
C. market
D. product

A. status is always achieved
B. status is always ascribed
C. status is both achieved and ascribed
D. status has no importance

A. income
B. years of education
C. prestigious position
D. all of the above

A. late marriage
B. rural residence
C. one of many children
D. none of the above

A. industrialization
B. agriculture
C. pastoralism
D. hunter-gatherers

A. the content and flow of goods and services to take place without any fixed plan
B. buyers and sellers not needing to know how the market works in order to act in it
C. the economy to function so that all participants derive some satisfaction
D. all of the above

A. Households firms and central authorities
B. Producers distributors consumers
C. The executive legislative and judicial departments
D. none of the above