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.Management Sciences
Category: Economics Mcqs
Who is insolvent_______________?
A. A firm that is unable to pay debts
B. A firm that is liquidated
C. A firm that is for sale
D. A firm that has more liabilities than assets
An increase in the money supply aimed at increasing aggregate output is referred to as ?
A. contractionary fiscal policy
B. expansionary monetary policy
C. contractionary monetary policy
D. expansionary fiscal policy
Which of the following countries leads the world in the export of oil ?
A. Iran
B. Iraq
C. Saudi Arabia
D. Venezuela
Currency that is expected to drop in value relative to other currencies is called ?
A. Local currency
B. Cold currency
C. Lime currency
D. Soft currency
The policy that has been the most successful in increasing agricultural output in developing countries is ?
A. mechanization
B. land reform
C. import substitution
D. produce marketing boards
Which of the follow statements about price discrimination is not true ?
A. Perfect price discrimination generates a deadweight loss
B. Price discrimination can raise economic welfare.
C. price discrimination requires that seller be able to separate buyers according to their willingness to pay.
D. Price discrimination increases a monopolist’s profits.
E. For a monopolist to engage in price discrimination buyers must be unable to engage in arbitrage.
Which of the following workers would be most likely to find it more difficult to get a job after a rise in the minimum wage rate?
A. a teenage worker with few qualifications.
B. A manual worker with fifteen years of work experience
C. A professional worker with university degree.
D. All there are equally likely to find it difficult to get a job
According to the price/quality strategy matrix when a company overprices its product in relation to its quality it is considered to be using which type of strategy ?
A. Good-value strategy
B. Premium strategy
C. Overcharging strategy
D. Snob strategy
If the cross-price elasticity of demand between two goods is negative, then the two goods are ?
A. normal goods
B. unrelated goods
C. Substitutes.
D. Complements
The branch of economics ‘Microeconomics’ deals with______________?
A. small units, including individual companies and small group of consumers
B. Economics of homes
C. Economics of stock market
D. Economics of provinces
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