Economics MCQs

Page No. 29

The average CEO’s salary in 2005 was______________?


a50 times that of the average workers

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b100 times that of the average workers

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c250 times that of the average workers

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d262 times that of the average workers

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Which occupational categories received the greatest increase in compensation in the 1990s ?


a Domestic workers

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bAccountants and financial consultants

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cSenior and chief executive

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dcorporate attorneys

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Which of the following is NOT within the secondary economic sector ?


aHome construction

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bOil drilling

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cSalmon canning

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dAll of these

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View Answer Oil drilling

Corporations wield power through_____________?


a PACs

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binterlocking directorates

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c investment portfolios

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d All of the above

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View Answer All of the above

The difference between an average worker’s salary and that of the average CEO has_______________?


a gradually narrowed

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bremained stable

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cslightly increased

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dgreatly increased

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View Answer greatly increased

In economic terms every action entail________________?


afixed costs

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brisk

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copportunity costs

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dprime costs

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View Answer opportunity costs

Economists chart the limits of resources and technology on output through_____________________?


aproduction-possibility schedules

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b product-moment correlations

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cVenn diagram

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dwelfare functions

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Property is defined in terms of rights of_________________?


aOwnership

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b consumption

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cdistribution

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dproduction

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View Answer Ownership

The most numerous forms of business ownership in the United States is the________________?


apartnership

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bsubchapter S corporation

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csole survivorship

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dsole survivorship

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View Answer sole survivorship

The purpose of separating management from ownership is to________________?


asecure the highest possible salaries for managers

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b ensure that the long-term interests of the corporation outweigh short-term gains

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cshield absentee owners from any and all responsibility

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dshield the board of directors from any and all responsibility

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