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.Management Sciences
Category: Economics Mcqs
Firms are assumed to ________ costs and to ________ profits?
A. incur, desire
B. pay, make
C. charge earns
D. minimize, maximize
An increase in the budget deficit will ?
A. raise the real interest rate and decrease the quantity of loanable funds demanded for investment
B. lower the real interest rate and increase the quantity of loaable funds demanded for investment
C. raise the real interest rate and increase the quantity of loandable funds demanded for investment
D. lower the real interest rate and decrease the quantity of loanable funds demanded for investment
Deregulation is the reduction of government’s role in controlling markets. Which of the following is result(s) of deregulation ?
A. Lead to freer market
B. Lead to a more efficient marketplace
C. Both of them
D. None of them
sociocultural change means that______________?
A. social change is really separate from cultural change
B. cultural change has nothing to do with social change
C. social and cultural change are interrelated
D. the concept is a contradiction in terms
Which of the following was not a classical economist ?
A. Adam Smith
B. Thomas R. Malthus
C. John Stuart Mill
D. John Maynard Keynes
The high cost of fighting crime is due in large part to_______________?
A. the increase in organized crime
B. high unemployment rates
C. tax cuts instituted by the present administration
D. an increase in prison inmates
If an economy is productively efficient ?
A. Everyone is wealthy
B. Resources are unemployed
C. More of one product can only be produced if less of another product is produced
D. The distribution of income is eqal
When the public perceives that the government has failed the state may be said to be undergoing________________?
A. revolution
B. a crisis of legitimacy
C. a crisis of confidence
D. involution
Devaluation means ?
A. Converting rupee into gold
B. Lowering of the value of one currency in comparison of some foreign currency
C. Making rupee dearer in comparison to some foreign currency
D. None of these
Critics maintain that the following issues are present in higher education______________?
A. high tuitions
B. a lowering of standards
C. muzzling of academic freedom
D. all of the above
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