Economics MCQs

Page No. 66

A corporation________________?


a is a public institution is a public institution


b has the advantage of being able to accumulate vast amounts of capital in a short period of time


c can afford to pay for the latest research and technology


dall of the above


View Answer all of the above

Resources are defined as______________?


aeverything needed for the production of goods and services including human energy


b everything found in the ground


ceverything that is made by people


dnone of the above



Land labor capital and entrepreneurship ?


a must be combined in the production of goods and service


bmust be used separately to produce goods and service


chave no function in the production of goods and service


d create a balance between humans and their environment



Unions face WHICH of the following problems ?


aAntitrust laws


bIncreasing white-collar membership


cExpansion of the manufacturing sector


dLoss of membership


View Answer Loss of membership

Royal Dutch Shell Oil Co has branches in Holland Britain the United States and France This kind of corporation is called__________________?


aclosed


bmultinational


crestricted


dmonopolistic


View Answer multinational

One of the side effects of advertising is that it________________?


asupplies the real needs of people


bcreates artificial demands


chelps the wealthy get richer


dnone of the above



With the shift from family capitalism to industrial capitalism the important unit became the_______________?


acorporation


bgovernment


ccommune


dunion


View Answer corporation

The Protestant Ethic supported capitalism through the religious doctrine that praised_________________?


ahard work and thrift


bpredestination


c turning the other cheek


dbuying indulgences


View Answer hard work and thrift

In contemporary market systems competition____________________?


a is quite strong


bis diluted by private and state monopolies


cdoes not exist


dhas been replaced by planning



The market system consists of planning by__________________?


ainducement


bdirection


ccommand


dtradition


View Answer inducement

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