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.Management Sciences
Category: Economics Mcqs
Possible causes of involuntary unemployment are ?
A. minimum wage agreements
B. trade
C. scale economies
D. insider-outsider distinctions
E. efficiency wages
F. all of the above
Clientelism ?
I- is also known as patrimonialism
II- is the dominant pattern in many LDCs
III- is a personalized relationship between patrons and clients
IV- commands equals wealth, status or influence, based on unconditional loyalties and involving mutual benefits
A. I and II only
B. II and III only
C. I, II and III only
D. IV only
Coffee requires hot and moist climate and grows best on slopes which of the following countries is leading in coffee production ?
A. Indonesia
B. India
C. Brazil
D. None of these
The classical model of macroeconomics assumes ?
A. wages and prices are sticky
B. wages and prices are flexible
C. the economy may operate below full capacity
D. the economy is always at full capacity
E. A and C
F. B and D
Which of the following promotional budget methods wrongly views sales as the cause of promotion rather than as the result ?
A. Affordable method
B. Percentage of Sales method
C. Competitive parity method
D. Objective and task method
The price elasticity of demand is defined as ?
A. the percentage change in the quantity demanded divided by the percentage change in income.
B. the percentage change in income divided by the percentage change in the quantity demanded
C. the percentage change in the quantity demanded of a good divided by the percentage change in the price of that good
D. none of these answers
A movement along the demand curve to the left may be caused by ?
A. a decrease in supply.
B. a rise in income
C. a fall in the number of substitute goods
D. a rise in the price of inputs
A culture complex is_______________?
A. one cultural trait
B. a psychological condition
C. a cluster of traits centered around a common activity
D. a theater symphony hall and museum
It is fact that there are 24 million left-handed people in the United States however most marketers do not attempt to appeal to or design products for this group because there is little in the way of census data about this is group Therefore, this groups fails in one of the requirements for effective segmentation Which of the following is most likely to apply in this case ?
A. actionable
B. substantial
C. differentiable
D. measurable
The competitive firm maximize profit when it produces output up to the point where ?
A. price equals average variable cost
B. marginal revenue equals average revenue
C. marginal cost equals total revenue
D. marginal cost equals marginal revenue
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