What is true of land, labour, capital and entrepreneurship?
Correct answer D. Must be combined in the production of goods and services
Subject / 2,616 questions
Economics MCQs
Page 29 of Economics multiple-choice questions with answers. Tap an option to check yourself.
Page 29 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
How are resources defined in economics?
Correct answer B. Everything needed for the production of goods and services including human energy
Which of the following statements about a corporation is correct?
Correct answer D. All of the above
Advertisement
What type of business is owned by many absentee owners who each have limited liability?
Correct answer B. Corporation
Which position in corporate relationships is in transition and hard to classify?
Correct answer A. Foreman
In which sector of the economy are raw materials extracted?
Correct answer A. Primary
What are some of the advantages of a market economy?
Correct answer D. All of the above
What are demand and supply?
Correct answer A. Market forces
What is a problem with laissez-faire economic policy?
Correct answer A. No provision for public goods
Advertisement
Which economic goals do liberals and conservatives broadly agree on?
Correct answer D. All of the above
Which goals are included in adequate economic growth?
Correct answer D. All of the above
What are the exceptions to the circular flow?
Correct answer D. B and C only
How is the household defined in microeconomics?
Correct answer C. Everyone who lives under one roof
What is household income that is not returned to firms called?
Correct answer C. Withdrawals
How are need and demand related?
Correct answer D. Are unrelated concepts
Advertisement
Through what did the US Department of Health and Human Services summarise the “correct” mix of goods and services?
Correct answer A. 165 social indicators
What happens when prices are not stable?
Correct answer D. All of the above
What is the total planned or desired spending in the whole economy over a given period called?
Correct answer D. Aggregate demand
In which branch of economics are full employment, economic stability and economic growth analysed?
Correct answer D. Macroeconomics
In which markets do firms sell their products?
Correct answer C. Product markets