Category: Miscellaneous Economics Mcqs

A. money
B. mass media
C. leadership
D. all of the above

A. Average revenue is greater than average variable cost
B. Average revenue is greater than average cost
C. Average revenue is greater than marginal revenue
D. Average revenue is greater than average fixed cost

A. factor markets
B. resource markets
C. product markets
D. abstract markets

A. Demand is upward sloping
B. Demand is price elastic
C. A price fall would increase revenue
D. Demand is price inelastic

A. The total cost equals demand
B. The average revenue equals the marginal revenue
C. The price equals the average cost
D. The price equals the marginal cost

A. alcohol consumption
B. states rights
C. slavery
D. compulsory education

A. maintaining the class system
B. encouraging social mobility
C. promoting nationalism
D. allowing the formation of a subculture and keeping children in school for a period of time

A. Freud
B. Cooley
C. Mead
D. Erikson

A. Realism
B. Globalism
C. Pluralism
D. Idealism

A. a general rise in the standard of living for all segments of society
B. a rapid decline in the standard of living
C. false advertising and credit expansion
D. dissatisfaction based on relative deprivation