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The more consumers are willing to pay for a product_____________________?

August 6, 2021June 25, 2019 by QuizMaster
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

Categories Miscellaneous Economics Mcqs

NAFTA binds which three countries into a single commercial entity ?

August 6, 2021June 25, 2019 by QuizMaster
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

Categories Miscellaneous Economics Mcqs

The condition of an increase in prices NOT triggered by an increase in demand is called_______________?

August 6, 2021June 25, 2019 by QuizMaster
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

Categories Miscellaneous Economics Mcqs

The marginal productivity of labor_________________?

August 6, 2021June 25, 2019 by QuizMaster
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

Categories Miscellaneous Economics Mcqs

Which of the following is NOT a predominant goal of American society ?

August 6, 2021June 25, 2019 by QuizMaster
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

Categories Miscellaneous Economics Mcqs

Income received by firms that is not returned to households or other firms is called________________?

August 6, 2021June 25, 2019 by QuizMaster
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

Categories Miscellaneous Economics Mcqs

Income received by firms from sources other than households is called_________________?

August 6, 2021June 25, 2019 by QuizMaster
Income received by firms from sources other than households is called_________________?

A. incremental
B. windfalls
C. injections
D. incidentals

Categories Miscellaneous Economics Mcqs

The behavior of an individual firm is part of_______________?

August 6, 2021June 25, 2019 by QuizMaster
The behavior of an individual firm is part of_______________?

A. macroeconomics
B. macroeconomics
C. macroeconomics
D. institutional economics

Categories Miscellaneous Economics Mcqs

The participants in a market economy cannot pursue their goals freely because they are affected by_________________?

August 6, 2021June 25, 2019 by QuizMaster
The participants in a market economy cannot pursue their goals freely because they are affected by_________________?

A. the ratio of gold to paper money
B. economic laws
C. prices and incomes
D. the religious institution

Categories Miscellaneous Economics Mcqs

Inflation results when_________________?

August 6, 2021June 25, 2019 by QuizMaster
Inflation results when_________________?

A. demand exceeds supply
B. supply exceed demand
C. there is control of purchasing power
D. consumers have no purchasing power

Categories Miscellaneous Economics Mcqs
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