Economics MCQs

Page No. 50

The result of executive officers sitting on several corporate boards is________________?


aoligopolies


b trusts


cinterlocking directorates


d restraint of trade



The intended consequences of advertising is to__________________?


a increase consumption


bcreate brand awareness and direct consumption


ccreate demand


dAll of the above


View Answer All of the above

The shift toward tertiary sector jobs has_______________?


a reduced the need for unskilled or semi-skilled workers


b eliminated hardcore unemployment


cestablished a general trend toward the professionalization of everyone


dAll of these



CEO stands for_______________?


aclear everybody out


b capital employment outlay


cchief executive officer


dCaribbean Entrepreneurs Office



Craft unions differed from industrial unions in that they______________?


aWelcomed minorities


b Were socialist


cWere horizontally organized


dAll of the above



Japan’s lean production method is modeled on a system worked out at_______________?


aNissan Motors


bMazda Motors


c Toyota Motors


dMitsubishi Motors


View Answer Toyota Motors

By what method were the first cars ever manufactured produced ?


aCraft method


bAssembly-line method


cLean-production method


d Production-line method


View Answer Craft method

What were guilds ?


aA type of money used in the Middle Ages


b Organizations dating back to the 10th century


c Kinds of labor unions


d Only b and c


View Answer Only b and c

Globalism___________________?


ais a movement aimed at pulling African nations into a world economy?


brefers to the fact that capitalism has become the economic system of choice around the world


cattracts young idealistic people who want to introduce a world government


dis a movement of religious zealots who want to introduce a common religion around the world?



Which statements is FALSE ?


aBlacks still lag behind whites in life chances particularly in the economic sector


bThe black underclass finds itself in the situation of being a minority within a minority


cRelations between blacks and whites are 100 percent improved


d The civil rights movement has raised black consciousness and helped decrease self hatred



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