Economics MCQs

Page No. 192

Labor skills are a major component of ?


afertility


bpopulation quality


cmortality


dmorbidity


View Answer population quality

In a production function Y = F(L, K,N,E,T) Y is ?


a national product


bcapital


cnatural resources


dprevailing technology


View Answer national product

A production function ?


ashows the dependency output of the working population


bdepicts the relationship between input and output


cstates the relationship between products and income distribution


dis a function of natural resources in a country



Which of the following is TRUE about gender and business world ?


aThere are more women than men in U.S business because of the aspirations of U.S girls


bThere are relatively few women in U.S business partly because of female socialization


c LDC businesswomen have a better chance than men of getting credit from bankers and suppliers


d Businesswomen in India are viewed as naturally stronger, less emotional more socially adept and more rational than businessmen



According to Weber’s thesis ?


aProtestants disapproved of accumulating wealth


b Protestants failed to restrict extravagance and conspicuous consumption


cRoman Catholicism expressed its asceticism in a secular vocation


dcapitalism was most advanced in Protestant countries



The Protestant Ethic and the Spirit of Capitalism was written by ?


aAdam Smith


bMax Weber


cJoseph Schumpeter


dWilliam Baumol


View Answer Max Weber

The entrepreneur can be viewed as the ?


acoordinator of other production resources


bdecision maker under uncertainty


c innovator


dAll of the above


View Answer All of the above

Joseph Schumpeter is the exceptional economist who links the entrepreneur to ?


a oligopolistic capitalism


bresource management


cinnovation


dland and labor


View Answer innovation

Which of the following is an example of a Schumpeterian innovation ?


aAn existing internet provider provides competition to two other providers in Dayton Ohlio


bThe production and marketing of the Model T Ford in the 19-teens


c The invention of the Stanley steamer


dAn American buying a stock in the Philippines stock market



Which of the following was a socialist country ?


aHolland


b Soviet Union


cChina


dB and C


View Answer B and C

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