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.Management Sciences
Category: Economics Mcqs
Costs that do not vary with production or sales levels are called ?
A. fixed costs
B. variable costs
C. standard costs
D. independent costs
The record of a country’s imports and exports of of goods and services plus net investment incomes and current transfers of money to and from abroad, is called its ?
A. balance of payments on current account
B. visible trade balance
C. balance of trade
D. balance of payments
Which of the following could not be described as an asymmetric macroeconomic shock ?
A. None of these answers All of them are asymmetric macroeconomic shocks
B. A sudden and substantial fall in the worldwide demand for French wine
C. An epidemic of an animal disease in a country that significantly reduces the country’s agricultural output
D. A sudden and substantial rise in prices on the world oil market
The Cuban community in Miami is an example of______________?
A. assimilation
B. acculturation
C. accommodation
D. segregation
The classical trade theories of Smith and Ricardo predict that ?
A. Countries will completely specialize in the production of export goods
B. Considerable trade will occur between countries with different levels of technology
C. Small countries could obtain of the gains from trade when trading with large countries
D. All of the above
What does mean by Franchise__________________?
A. A privilege or right officially granted by a person or group by a government
B. Authorization granted to someone to sell or distribute a company’s goods or service in certain area
C. Territory or limits within which immunity, privilege or right may be exercised
D. All of the above
Which of the following is a withdraw from the circular flow income stream ?
A. Investment
B. Subsidies
C. Taxation
D. Consumption
Marxists are most interested in_______________?
A. nationalistic revolutionary movements
B. class revolutionary movements
C. coups d,etat
D. guerrilla fighting
Which of the following groups determine market transactions ?
A. Households firms and central authorities
B. Producers distributors consumers
C. The executive legislative and judicial departments
D. none of the above
The government engages in a technology policy ?
A. by allocating tradable technology permits to high technology industry.
B. to internalize the positive externality associated with technology-enhancing industries.
C. to help stimulate private solution to the technology externality
D. to internalize the negative externality associated with industrial pollution
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