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.Management Sciences
Category: Economics Mcqs
According to the text the following people were/are deviant ?
A. Joan of Arc
B. Mozart
C. The Hell,s Angels
D. People with high IQs
The Lawis model explains how growth gets started in a less developed economy ?
A. with an average product of labor in agriculture that is negative
B. with a downward-sloping supply curve of labor
C. with a marginal productivity of labor zero or negligible in industry
D. with a traditional agricultural sector and an industrial capitalist sector
The shift toward imperfectly competitive markets in domestic and international trade the concept of ?
A. official exchange rates
B. complete currency pass through
C. exchange arbitrage
D. trade adjustment assistance
Debit entries on the balance of payments are the entries that would ?
A. mean a loss of foreign exchange
B. bring foreign exchange into the country
C. indicate a surplus exist
D. exist at the bottom line after all accounts are totaled
Which of the following is not true about the specialized farm ?
A. Such a farm is the most advanced
B. Such a farm usually emphasizes
C. Such a farm is labor intensive
D. Such a farm uses advanced technology and takes advantage of economies of scale.
The participants in a market include_____________?
A. households
B. firms
C. governments
D. all of the above
When one country provides most favored nation status (normal trade relations) for another, it agrees to ?
A. charge the nation’s products a lower tariff than any other nation’s
B. charge that nation’s products a tariff rate no higher than that on any other nation
C. charge that nation’s products a higher tariff than any other nation’s
D. exports to that nation any products that it wants to purchase
The chief function of interest group is to________________?
A. provide group representation above and beyond that provided by our elected officials in Congress
B. provide geographic representation
C. bring into the open obscure problems to be solved
D. choose candidates for political office
The theory of symbolic interactionism in personality formation is associated with_______________?
A. William Sheldon
B. Abraham Maslow
C. Charles Horton Cooley
D. George Herbert Mead
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