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.Management Sciences
Category: Economics Mcqs
The value of an asset depends upon ?
A. its scrap values
B. its depreciation
C. the present value of the future stream of income it can earn
D. the cost of loans
As economic development proceeds income inequality tends to follow a(n) _____ curve?
A. convex
B. inverted U shaped
C. L-shaped
D. S-Shaped
Keiretsu refers to ?
A. groups of affiliated companies loosely organized around a large bank
B. horizontal manufacturing groups consisting of a core company and its partners
C. State-assisted entrepreneurs
D. financial cliques
The jobs of the future will include______________?
A. steel workers
B. routine services
C. personal services
D. All but A
Which of the following would not cause a shift in the long-run aggregate supply curve ?
A. All of these answers shift the long-run aggregate supply curve
B. An increase in the available capital
C. An increase in the available labour
D. An increase in price expectations
Utilitarianism suggests that the government should choose policies that maximize the total utility of everyone in society by ?
A. redistributing income from rich to poor because this is what the members of society would choose to do if they were behind a veil of ignorance
B. redistributing income from rich to poor because due to the diminishing marginal utility of income, taking a pound from the rich reduces their utility by less than the gain in utility generated by giving a pound to the poor
C. allowing each individual to maximize their own utility without interference from the government
redistributing income from rich to poor because this would maximize the well-being of the worst-off person in society
________ is the process of evaluating each market segment’s attractiveness and selecting one or more segments to enter?
A. Mass marketing
B. Market segmentation
C. Market targeting
D. Market positioning
A production function ?
A. shows the dependency output of the working population
B. depicts the relationship between input and output
C. states the relationship between products and income distribution
D. is a function of natural resources in a country
The natural rate of unemployment is generally thought of as the ?
A. ratio of the frictional unemployment rate to the cyclical unemployment rate.
B. Sum of structural unemployment and cyclical unemployment.
C. Sum of frictional unemployment and cyclical unemployment
D. sum of frictional unemployment and structural unemployment.
According to the factor price equalization theorem, the ________ factor should oppose free. trade policies in any given country?
A. abundant
B. scarce
C. neither
D. can’t tell without more information
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