Economics MCQs

Page No. 96

In economic growth it is important to consider________________?


athe quantity of capital and labor

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bthe quality of capital and labor

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c the quality of the labor force

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dall of the above

✓


View Answer all of the above

A way of calculating the total output of the economy and all incomes earned within the Pakistan regardless of whether the resources are Pakistan or foreign is_______________?


a the GDP

✓


b the GNP

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c the NNP

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d the SPQR

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View Answer the GDP

Income distribution according to productive contribution is____________?


aefficient but inequitable

✓


b inefficient but equitable

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cefficient and equitable

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d a tenet of communism

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Congestion pollution urban decay and similar side effects of the market system are termed_____________?


anegatives

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bexternalities

✓


cinternalities

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dtangentials

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View Answer externalities

The public sector_________________?


a is bloated with a large bureaucracy

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bemploys one of every four workers

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cis less efficient and effective than the private sector

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d all of the above

✓


View Answer all of the above

“Laissez-faire” is a policy that appeals to_______________?


apolitical liberals

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bpolitical independents

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cpolitical conservatives

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dpolitical freethinkers

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Participant observation_________________?


ais exclusively used by anthropologists

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brequires the researcher to disguise his or her identity

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cinvolves experimental controls

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d may compromise the objectivity of the researcher

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The main function of organized labor is to_______________?


a manage large corporations

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bstrike

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cbargain collectively

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dregulate safety

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View Answer bargain collectively

A professional trained in a narrow abstract field is a________________?


avice president

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bspecialist

✓


cbureaucrat

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dforeman

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View Answer specialist

Capitalisms roots can be found in_________________?


afeudal agriculture

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bChristianity

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cmachine-based production

✓


d dialectic materialism

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