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.Management Sciences
Category: Economics Mcqs
Economies of Scale meaning ?
A. Cost on all products
B. Reduced per unit Cost
C. Higher per unit Cost
D. None of these
Both fiscal and monetary policies focus on____________________?
A. the supply side of the market
B. the demand side of the market
C. both sides of the market
D. the global market
The overall poverty rate is highest among______________?
A. women
B. children under 6
C. the elderly
D. black males
Which of the following is referred by the Debt retirement ?
A. To write-off debt
B. To reschedule debt
C. To repay debt in easy installments
D. The complete repayment of debt
Which of the following types of unemployment will exist even if the wage is at the competitive equilibrium ?
A. Unemployment due to unions
B. Unemployment due to efficiency wages
C. Frictional Unemployment
D. Unemployment due to minimum-wage laws
A decrease in demand for a products should ?
A. increase equilibrium price and quantity
B. Decrease equilibrium price and quantity
C. Increase equilibrium price and decrease quantity
D. Decrease equilibrium price and increase quantity
Unemployment benefits may increase the unemployment rate because unemployment benefits ?
A. encourage people to quit their jobs
B. reduce the cost of job search
C. enable people to quit searching for work
D. reduce the benefits of additional job searching
The term “minority “may be defined as______________?
A. a small group of people living within a large nation
B. a group of people who possess the same access to prestige privilege and power but who differ in looks
C. any group in society that is socially dominated by another group through discrimination because of race culture religion or sex
D. any small group in society which is disliked and abused
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