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.Management Sciences
Category: Economics Mcqs
A tax on imports exports, or consumption goods is called ?
A. Drawback
B. Duty
C. Custom
D. Excise
According to economists, economic self-interest:
A. is a reality that underlies economic behavior
B. has the same meaning as selfishness
C. is more characteristic of men than of women
D. is usually self-defeating
An increase in demand for a product should ?
A. Increase equilibrium price and quantity
B. Decrease equilibrium price and quantity
C. Increase equilibrium price and decrease quantity
D. Decrease equilibrium price and increase quantity
The view that the state has emerged to protect the rights of a privileged few has been expressed by philosophers of which school of thought ?
A. Functionalism
B. Ideologist
C. Conflict
D. Hegelianism
How are presidential programs funded ?
A. By foreign nations
B. By government investments
C. By Congress
D. By withdrawals from the Treasury Department
Which of the following is true regarding the earning of attractive versus unattractive workers ?
A. Attractive people tend to earn less because attractive people are viewed as shallow and more self-absorbed and therefore, as less productive
B. Attractive people tend to earn more because they may actually have a larger value of marginal product
C. Attractive people tend to earn more because attractive people usually have greater human capital
D. Attractive people tend to earn less because attractive people usually have less human capital
Dominant groups tend to use all but which of the following methods in dealing with minorities ?
A. forced assimilation
B. cultural relativity
C. population transfers
D. economic exploitation
In 2000, the Economist estimated that only _________ of some 360 million internet users were in Africa ?
A. 60 million
B. 10 million
C. 3 million
D. million
A profit maximising firm will employ labour up to the point where ?
A. Marginal revenue = marginal product
B. Marginal cost = marginal product
C. Marginal revenue product = average cost of labour
D. Marginal revenue product = marginal cost of labour
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