Miscellaneous Economics Mcqs

A. primary sector
B. secondary sector
C. tertiary sector
D. quaternary sector

A. monopoly
B. diversification
C. planned obsolescence
D. takeover attempt

A. a free market for all
B. oligopoly
C. government control
D. none of the above

A. gold and silver
B. the means of production machines tools materials
C. serfs
D. precious spices

A. government controlling parts of the economy for the common good
B. revolutionary change
C. abolition of private property
D. totalitarian government and dictatorship of the proletariat

A. production depends on supply and demand
B. consumers create demand
C. producers supply what is demanded
D. all of the above

A. Public
B. Private
C. Communal
D. Indian

A. the amount of each commodity that can be produced given available resources
B. unlimited production of one commodity
C. limitless output of commodities
D. none of the above

A. land
B. capital
C. labor
D. time

A. must always be limited
B. maintains and fuels demand
C. is not a factor
D. is viewed unfavorably