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.Management Sciences
Category: Economics Mcqs
Economics deals with_______________?
A. production of goods and services
B. consumption of goods and services
C. distribution of goods and services
D. all of the above
American military policy has been built on___________________?
A. assured destruction capability
B. very large number of troops
C. trust in U.S allies
D. a spirit of peace in the world
Income distribution according to productive contribution is____________?
A. efficient but inequitable
B. inefficient but equitable
C. efficient and equitable
D. a tenet of communism
Each society must make the following decisions of an economic nature regarding the______________?
A. time place and quantity of production
B. assessment collection and counting of taxes
C. measurement of land water and minerals
D. production distribution and consumption of goods and services
Credit (+) items in the balance of payments correspond to anything that ?
A. involves receipts from foreigners
B. involves payments to foreigners
C. increases the domestic money supply
D. decreases the demand for foreign exchange
Which statement best describes how a command economy functioned in the Soviet Union ?
A. The laws of supply and demand controlled the economy
B. Trade policies mandated that imports exceed exports
C. The success of the agricultural sector controlled the price of manufactured goods
D. A central authority determined the type and quantity of goods to be produced
A decrease the Price of foreign oil ?
A. Shifts the short-run Phillips curve downward and make the unemployment inflation trade-off less favorable
B. Shifts the short run Phillips curve upward and makes the unemployment inflation trade-off more favorable
C. Shifts the short run Phillips curve upward and makes the Unemployment inflation trade off more favorable
D. Shifts the short run Phillips curve downward and makes the unemployment inflation trade off more favorable
When companies make marketing decisions by considering consumers wants and the long run interests of the company consumer and the general population they are practicing which of the following principle ?
A. Innovative marketing
B. Consumer-oriented marketing
C. Value marketing
D. Societal marketing
Which statement best explains China’s economic shift towards capitalism in the 1980s and early 1990s ?
A. China’s economic policies were directly influenced by the success of the Soviet economic System
B. The Tiananmen Square massacre resulted in Major economic reforms in China
C. The success of the Cultural Revolution resulted in the increased westernization of china
D. communist economic policies were not meeting the needs of the society
The analyzes the income distribution effects of trade in the short run when resources are immobile among industries ?
A. Stolpher-Samuelson theory
B. factor endowment theory
C. specific factors theory
D. overlapping demand theory
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