Economics MCQs

Page No. 29

The average CEO’s salary in 2005 was______________?


a50 times that of the average workers


b100 times that of the average workers


c250 times that of the average workers


d262 times that of the average workers



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


a Domestic workers


bAccountants and financial consultants


cSenior and chief executive


dcorporate attorneys



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


aHome construction


bOil drilling


cSalmon canning


dAll of these


View Answer Oil drilling

Corporations wield power through_____________?


a PACs


binterlocking directorates


c investment portfolios


d All of the above


View Answer All of the above

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


a gradually narrowed


bremained stable


cslightly increased


dgreatly increased


View Answer greatly increased

In economic terms every action entail________________?


afixed costs


brisk


copportunity costs


dprime costs


View Answer opportunity costs

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


aproduction-possibility schedules


b product-moment correlations


cVenn diagram


dwelfare functions



Property is defined in terms of rights of_________________?


aOwnership


b consumption


cdistribution


dproduction


View Answer Ownership

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


apartnership


bsubchapter S corporation


csole survivorship


dsole survivorship


View Answer sole survivorship

The purpose of separating management from ownership is to________________?


asecure the highest possible salaries for managers


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


cshield absentee owners from any and all responsibility


dshield the board of directors from any and all responsibility



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