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Economics Mcqs 4423 MCQs [All-Courses]

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Economics MCQs cover fundamental concepts of microeconomics and macroeconomics, including demand and supply, inflation, national income, and economic policies.
This section is designed to strengthen analytical skills and conceptual understanding for competitive examinations.
Highly useful for PPSC, FPSC, NTS, OTS, KPPSC, and other testing services preparation.

All Topics  4423

Which of the following is TRUE about gender and business world ?
A There are more women than men in U.S business because of the aspirations of U.S girls
B There are relatively few women in U.S business partly because of female socialization
C LDC businesswomen have a better chance than men of getting credit from bankers and suppliers
D Businesswomen in India are viewed as naturally stronger, less emotional more socially adept and more rational than businessmen
Correct Answer: There are relatively few women in U.S business partly because of female socialization
According to Weber’s thesis ?
A Protestants disapproved of accumulating wealth
B Protestants failed to restrict extravagance and conspicuous consumption
C Roman Catholicism expressed its asceticism in a secular vocation
D capitalism was most advanced in Protestant countries
Correct Answer: capitalism was most advanced in Protestant countries
The Protestant Ethic and the Spirit of Capitalism was written by ?
A Adam Smith
B Max Weber
C Joseph Schumpeter
D William Baumol
Correct Answer: Max Weber
Joseph Schumpeter is the exceptional economist who links the entrepreneur to ?
A oligopolistic capitalism
B resource management
C innovation
D land and labor
Correct Answer: innovation
Which of the following is an example of a Schumpeterian innovation ?
A An existing internet provider provides competition to two other providers in Dayton Ohlio
B The production and marketing of the Model T Ford in the 19-teens
C The invention of the Stanley steamer
D An American buying a stock in the Philippines stock market
Correct Answer: The production and marketing of the Model T Ford in the 19-teens
Capitalism is an economies system ?
A based on government intervention in the means of production
B that originated in the United States in the 19th Century
C Where private owners of capital make decisions based on profit
D that dominated developing economies in the 19 Century
Correct Answer: Where private owners of capital make decisions based on profit
According to William Baumol under oligopolistic competition among large, high tech business firms. innovation has ?
A created stationary economies of scale
B maintained the relationship between firms and their clients
C replaced price as the important
D limited the expansion of firms
Correct Answer: replaced price as the important
Technical advance involves ?
A the development of pure science, invention innovation financing the innovation and the innovation’s acceptance
B introducing new products modifying production functions creating credit and making profits
C innovation investment credit creation and economies growth
D patent management resource gains mature innovation and speculative gains
Correct Answer: the development of pure science, invention innovation financing the innovation and the innovation’s acceptance
Which of the following is not an assumption of Schumpeter’s stationary state ?
A Perfect competition
B An economy below full employment
C No savings or technical change
D No entrepreneurial function is required
Correct Answer: An economy below full employment
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