The main function of organized labor is to_______________?
A. manage large corporations
B. strike
C. bargain collectively
D. regulate safety
Miscellaneous Economics Mcqs
A professional trained in a narrow abstract field is a________________?
A professional trained in a narrow abstract field is a________________?
A. vice president
B. specialist
C. bureaucrat
D. foreman
Capitalisms roots can be found in_________________?
Capitalisms roots can be found in_________________?
A. feudal agriculture
B. Christianity
C. machine-based production
D. dialectic materialism
The price system_______________?
The price system_______________?
A. is equitable
B. rations products among consumers
C. allows wealthy consumers to obtain more products
D. only B and C
The more consumers are willing to pay for a product_____________________?
The more consumers are willing to pay for a product_____________________?
A. the more of the product will be produced
B. the less producers will manufacture to raise the price still more
C. the more they go into debt forcing them to stop buying
D. the more expensive the product becomes
NAFTA binds which three countries into a single commercial entity ?
NAFTA binds which three countries into a single commercial entity ?
A. Mexico Panama Costa Rica
B. United States Canada Puerto Rico
C. United States Canada Mexico
D. United States Cuba Mexico
The condition of an increase in prices NOT triggered by an increase in demand is called_______________?
The condition of an increase in prices NOT triggered by an increase in demand is called_______________?
A. hyperinflation
B. the Pigou effects
C. inflation
D. restraint of trade
The marginal productivity of labor_________________?
The marginal productivity of labor_________________?
A. concerns wage rates and labor supply
B. is a political as well as economic issue
C. is complicated by overlapg labor markets
D. all of the above
Which of the following is NOT a predominant goal of American society ?
Which of the following is NOT a predominant goal of American society ?
A. a desirable mix of windfall profits
B. a leisure-based society
C. spectacular growth
D. none of the above are dominant goals
Income received by firms that is not returned to households or other firms is called________________?
Income received by firms that is not returned to households or other firms is called________________?
A. savings
B. withdrawals
C. unbalanced exchange
D. exchange flow