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Socialism and communism both call for________________?

August 6, 2021June 25, 2019 by QuizMaster
Socialism and communism both call for________________?

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

Categories Miscellaneous Economics Mcqs

Consumer sovereignty means that________________?

August 6, 2021June 25, 2019 by QuizMaster
Consumer sovereignty means that________________?

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

Categories Miscellaneous Economics Mcqs

A member of a Navajo tribe can graze his sheep on clan land but he cannot sell it Navajo land is what kind of property ?

August 6, 2021June 25, 2019 by QuizMaster
A member of a Navajo tribe can graze his sheep on clan land but he cannot sell it Navajo land is what kind of property ?

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

Categories Miscellaneous Economics Mcqs

The production possibilities frontier refers to_______________?

August 6, 2021June 25, 2019 by QuizMaster
The production possibilities frontier refers to_______________?

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

Categories Miscellaneous Economics Mcqs

Material objects found in nature are called_______________?

August 6, 2021June 25, 2019 by QuizMaster
Material objects found in nature are called_______________?

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

Categories Miscellaneous Economics Mcqs

In industrial societies consumption ?

August 6, 2021June 25, 2019 by QuizMaster
In industrial societies consumption ?

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

Categories Miscellaneous Economics Mcqs

Professionalization means__________________?

August 6, 2021June 25, 2019 by QuizMaster
Professionalization means__________________?

A. excessive upward mobility
B. interlocking directorates
C. racial polarization
D. a combination of theoretical knowledge and training

Categories Miscellaneous Economics Mcqs

What does one call property owned by the state in the name of the people ?

August 6, 2021June 25, 2019 by QuizMaster
What does one call property owned by the state in the name of the people ?

A. public
B. private
C. common law
D. communal

Categories Miscellaneous Economics Mcqs

A society’s economic system is largely determined by its concept of________________?

August 6, 2021June 25, 2019 by QuizMaster
A society’s economic system is largely determined by its concept of________________?

A. truth
B. property
C. hapess
D. justice

Categories Miscellaneous Economics Mcqs

Resources are defined as___________________?

August 6, 2021June 25, 2019 by QuizMaster
Resources are defined as___________________?

A. anything that is manmade
B. anything that is produced in factories
C. anything that is derived from natural including
D. everything that is needed for the production of goods and services including human energy

Categories Miscellaneous Economics Mcqs
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