How do economists show the limits that resources and technology place on output?
Correct answer B. Production-possibility schedules
Topic / 732 questions
Miscellaneous Economics MCQs
Page 24 of Miscellaneous Economics multiple-choice questions with answers. Tap an option to check yourself.
Page 24 of 37
- Miscellaneous Economics 737
- Basic of Economics 430
- Markets, Efficiency And The Public Interest 167
- Agriculture & Irrigation System of Pakistan 126
- Market 87
- Macroeconomic Issues and Analysis 75
- Money, Interest Rates And Output 73
- Introduction To Economics 70
- Population And Development 62
- Profit Maximizing Under Perfect Competition And Monopoly 56
- Income Inequality 52
- Non-Tariff Trade Barriers 48
- Aggregate Supply, Unemployment And Inflation 45
- Natural Resources and the Environment Toward Sustainable Development 44
- Costs , Supply And Perfect Competition 44
- Human Capital 42
- Labour Market 39
- Monopoly 35
- Long Term Economic Growth 30
- Inflation & Productivity 30
- Regional Trading Arrangements 29
- Characteristics and Institutions of Developing Countries 24
- Oligopoly 23
- Consumer Theory vs. Real Consumers 20
- Applied Microeconomics 20
- Alternative Theories Of The Firm 20
- Public Goods 20
- Balance of Payments, Aid and Foreign Investment 19
- Prices, Wages & Taxes 19
- Comparative GDP 19
- Budget Deficits And The Trade Balance 18
- Macroeconomic Policy Tools 18
- Asymmetric Information 17
- Application of Economics 16
- Production Factors 16
- Monopoly & Competition 15
- Capital Formation, Investment Choice, Information Technology, And Technical Progress 15
- Monetary, Fiscal And Incomes Policy, And Inflation 15
- Average And Total Cost 14
- Poverty, Malnutrition, And Income Inequality 12
- Monetary Union 10
In economic terms, what does every action involve?
Correct answer B. Opportunity costs
How has the gap between the average worker’s pay and the average CEO’s pay changed?
Correct answer B. Greatly increased
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Through what means do corporations exercise power?
Correct answer D. All of the above
Which of the following does NOT belong to the secondary sector of the economy?
Correct answer C. Oil drilling
Which occupational group enjoyed the biggest rise in pay during the 1990s?
Correct answer D. Senior and chief executive
In 2005, how did the average chief executive’s pay compare with that of the average worker?
Correct answer D. 262 times that of the average workers
Which statement about lean production is correct?
Correct answer D. All of the above
In mass-production plants, roughly what percentage of total work hours goes on fixing errors made on the assembly line?
Correct answer B. 25%
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What type of labour does the craft method of production require?
Correct answer A. High-cost, highly skilled
What does the cottage, or putting-out, system refer to?
Correct answer C. The fact that in early industrialization work was done in the home
What are goods produced by the economy and then used in further production, rather than gifts of nature, called?
Correct answer A. Capital
To which economic sector does an accountant belong?
Correct answer B. Tertiary
What is a study that surveys a broad range of the population at one point in time called?
Correct answer C. Cross sectional
In which area of study has political science moved closer to the other social sciences?
Correct answer D. The social impact of government on groups and individuals
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Who are the participants in a market?
Correct answer D. All of the above
How may taxes be regarded in terms of the circular flow?
Correct answer B. Withdrawals from the economic flow
What is the most fundamental factor in stratification?
Correct answer D. Education and income
Which group has the highest overall poverty rate?
Correct answer A. Children under 6
In what kinds of societies is power exercised?
Correct answer B. All social systems