A. closed
B. multinational
C. restricted
D. monopolistic
Miscellaneous Economics Mcqs
Unions face WHICH of the following problems ?
A. Antitrust laws
B. Increasing white-collar membership
C. Expansion of the manufacturing sector
D. Loss of membership
Land labor capital and entrepreneurship ?
A. must be combined in the production of goods and service
B. must be used separately to produce goods and service
C. have no function in the production of goods and service
D. create a balance between humans and their environment
Resources are defined as…………..?
A. everything needed for the production of goods and services including human energy
B. everything found in the ground
C. everything that is made by people
D. none of the above
A corporation…………….?
A. is a public institution
B. has the advantage of being able to accumulate vast amounts of capital in a short period of time
C. can afford to pay for the latest research and technology
D. all of the above
When a business has multiple absentee owners with limited liability it is a………….?
A. partnership
B. proprietorship
C. trust
D. corporation
Which status is in transition and difficult to classify in corporate relationships ?
A. Foreman
B. Union official
C. Stock holder
D. CEO
Extraction of raw materials occurs in which sector of the economy ?
A. Primary
B. Secondary
C. Tertiary
D. Quaternary
Some of the advantages of a market economy include ?
A. all participants get some satisfaction
B. scarce resources are put into goods that are in demand
C. economic output is distributed to those who can pay the price
D. all of the above
Demand and supply are…………….?
A. market forces
B. key economic indicators
C. thesis and antithesis
D. causes of inflation