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.Management Sciences
Category: Economics Mcqs
The hypothesis that people know the true model of the economy and that they use this model to form their expectations of the future is the ?
A. Rational-expectations hypothesis
B. Passive-expectations hypothesis
C. adaptive expectations hypothesis
D. lagged-expectations hypothesis.
What is called the tax that is levied on retail price of merchandise collected by retailer ?
A. Sales Tax
B. General Tax
C. Local Tax
D. Gross Tax
Which of the following is not a barrier to entry in a monopolized market ?
A. A single firm is very large
B. The government gives a single firm the exclusive right to produce some good
C. The costs of production make a single producer more efficient than a large number of productions
D. A key resource is owned by a single firm
Adam smith’s invisible hand concept suggests that a competitive market outcome ?
A. maximizes total surplus
B. generates equality among the members of society
C. minimizes total surplus
D. both maximizes total surplus and generates equality among the members of society
Studying interaction within a human family would occur on a____________?
A. microsocial level
B. macrosocial level
C. macroscopic level
D. microscopic level
Baran’s Neo-Marxist thesis has been criticized for ignoring the probability that power is frequently ?
A. based on an alliance between landowners and peasants
B. based on an alliance between peasants and the foreign bourgeoisie
C. transferred from one elite to another when revolution occurs
D. derived from domestic opponents of nationalism
Suppose that rising U.S income leads to higher sales and profits in the United States This would likely result in ?
A. increasing portfolio investment into the United States
B. decreasing portfolio investment into the United States
C. increasing direct investment into the United States
D. decreasing direct investment into the United States
The present death rate per thousand in Pakistan in ?
A. 7.1 persons
B. 11 persons
C. 13 persons
D. 14 persons
Which economic orientations govern Western industrial societies ?
A. Tradition
B. Command
C. Free Market
D. BOTH market and command
The market system consists of planning by__________________?
A. inducement
B. direction
C. command
D. tradition
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