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.Management Sciences
Category: Economics Mcqs
Today most workers in the United States are employed in the_________________?
A. primary sector
B. secondary sector
C. tertiary sector
D. quaternary sector
Higher export demand __________ output and a higher MPZ __________ output?
A. reduces, reduces
B. reduces, increase
C. increase, reduces
D. increases, increases
A fall in price ?
A. Will cause an inward shift of demand
B. Will cause an outward shift of supply
C. May be caused by a fall in demand
D. Leads to a higher level of production
Stratification occurs societies that have a____________?
A. surplus
B. shortage of everything
C. equality
D. capitalistic system
Forests and rangelands support 30 million herds of livestock. How much amount this livestock contributes to Pakistan’s annual export earnings ?
A. $500 million
B. $350 million
C. $400 million
D. $300 million
The term ‘rent’ as it is used by economists. refers to ?
A. the return to any factor of production that is in fixed supply
B. the profit earned by the owner of any housing unit.
C. the amount paid each year by a tenant for an apartment
D. any profit earned by stockholders when they sell their stock
The emergence of Japan as a world economic power has been based mostly on Japan’s ?
A. development of nuclear power
B. abundance of fossil fuels
C. strong traditional of military rule
D. business enterprise and organization
The Human Development Index (HDI) summarizes a great deal of social performances in a single composite index combining ?
A. disparity reduction rate, human resource development rate and the composite index
B. longevity, education and living standard
C. minimum schooling, adult literacy and tertiary educational attainment
D. human resource training development and R&D
According to the trade theory of Staffan Linder trade tends to be most pronounced in manufactured goods when trading countries have ?
A. similar endowments of natural resources
B. similar levels of technology
C. similar per-capita incomes
D. similar wage levels
Drug addiction has been characterized as a victimless crime meaning ?
A. drug addiction is a sustainable life style
B. drug users are not responsible for their actions
C. addicts choose to be addicted and hurt no one but themselves
D. society does care what happens to addicts
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