Category: Miscellaneous Economics Mcqs

A. National income will increase
B. National income will decrease
C. National income will stay in equilibrium
D. Price will fall

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

A. is widespread in several societies
B. is practiced among Australian aborigines
C. has been a consistent feature in Western societies
D. has never been consistently or extensively practiced

A. Norms
B. folkways
C. values
D. mores

A. internalized in most cases
B. guidelines for human behavior
C. reflections of values
D. all of the above

A. upper-class men and service workers
B. women in general and lower-class workers
C. middle-class men and lower-class women
D. none of the above

A. feudal agriculture
B. Christianity
C. machine-based production
D. dialectic materialism

A. physical force
B. manipulation of the masses
C. explaining the truth to the people
D. none of the above

A. the quantity of capital and labor
B. the quality of capital and labor
C. the quality of the labor force
D. all of the above

A. rapidly became shepherds
B. their formerly outgoing personalities changed
C. became savage warriors
D. became outgoing accomplished entrepreneurs