Galbraith’s idea that firms are run by a technostructure supports which theories?
Correct answer A. Williamson’s
Subject / 2,616 questions
Economics MCQs
Page 123 of Economics multiple-choice questions with answers. Tap an option to check yourself.
Page 123 of 131
- 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
Firms that engage in satisficing behaviour are likely to be what?
Correct answer C. Like other firms in their industry
What does it mean when firms satisfice?
Correct answer A. Objectives such as profit are not maximized
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In which type of market is sales maximisation most likely?
Correct answer A. Oligopolistic
What type of merger is a merger between a fibre producer and a clothing firm?
Correct answer B. Vertical
What type of merger is a merger between two clothing firms?
Correct answer C. Horizontal
Which of the following are not stakeholders in a company?
Correct answer D. None of the above
Which of the following is not a usual reason for a merger?
Correct answer C. To increase competition
Why do firms build organisational slack into their operations?
Correct answer D. Both to cope with unforeseen changes and to minimise conflict
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Which sector is the backbone of Pakistan’s economy and the mainstay of national economic life?
Correct answer D. Agriculture
Roughly how much does agriculture contribute to GDP?
Correct answer D. 25%
Punjab has a total land area of 20.6 mha (about 50.90 million acres). How much of it is cultivated?
Correct answer C. 54 % or 11.04 mha
Balochistan has a total land area of 34.7 mha (85.74 million acres). How much of it is cultivated?
Correct answer C. 14 % or 3.4 mha
What was agriculture’s share of employment in mid-2011?
Correct answer A. 45%
What has been the average annual growth rate of agriculture over the last decade?
Correct answer D. 4.5%
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What is the total livestock population of Pakistan?
Correct answer A. 122.6 million
What is the main source of foreign exchange earnings?
Correct answer C. Agriculture
What share of the total cultivated area is irrigated?
Correct answer D. 70%
How much waterlogged and saline land has been reclaimed so far?
Correct answer B. 18 million acres
Which of these crops is most susceptible to frost?
Correct answer A. Cotton