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Economics Mcqs 4423 MCQs [All-Courses]

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 of the following would be ways to segment within the category of psychographic segmentation EXCEPT ?

A social class

B occupation

C lifestyle

D personality

Review Detailed Answer

Correct Answer: occupation

In determining salesforce size, when a company groups accounts into different size classes and then determines the number of salespeople needed to call on them the desired number of times it is called the ?

A Key-size approach

B work-load appraoch

C product-need appraoch

D call-service appraoch

Review Detailed Answer

Correct Answer: work-load appraoch

Setting call objectives is done during which of the following stages of the selling process?

A Prospecting

B Preapproach

C Approach

D Handling objections

Review Detailed Answer

Correct Answer: Preapproach

The biggest of greatest amount of involvement in a foreign market comes through which of the following ?

A Exporting

B Joint venturing

C Licensing

D Direct investment

Review Detailed Answer

Correct Answer: Direct investment

Coginitive dissonance occurs in which stage of the buyer decision process model ?

A Need recognition

B Information search

C Evaluation of alternative

D Postpurchase behaviour

Review Detailed Answer

Correct Answer: Postpurchase behaviour

Which of the following information forms available to the marketing manager can usually be accessed more quickly and cheaply than other information sources ?

A Marketing intelligence

B Marketing research

C Customer profiles

D Internal databases

Review Detailed Answer

Correct Answer: Internal databases

The Coase theorem states that ?

A public goods should be produced up to the point where the additional benefit received by society equals the additional cost of producing the good

B under certain conditions, private parties can arrive at the efficient solution without government involvement

C the private sector will fail to produce the efficient amount of a public good because of the free-rider problem.

D if there are external costs in production the government must intervene in the market to assure that the efficient level of output is produced

Review Detailed Answer

Correct Answer: under certain conditions, private parties can arrive at the efficient solution without government involvement

The optimal level of provision of public goods is where society total willingness to pay per unit is equal to the ?

A variable cost of producing the good

B average cost of producing the good

C marginal cost of producing the good

D total cost of producing the good

Review Detailed Answer

Correct Answer: marginal cost of producing the good

The whole class of goods that will be under produced or not produced at all in a completely unregulated market economy are referred to as ?

A Pareto goods

B public goods

C private goods

D free goods

Review Detailed Answer

Correct Answer: public goods

imperfect competition occurs ?

A When firms are not profit maximisers

B When firms have some control over price and competition

C When the consumption of the good involves an external benefit

D Whenever firms are losing money.

Review Detailed Answer

Correct Answer: When firms are not profit maximisers

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

All of the following would be ways to segment within the category of psychographic segmentation EXCEPT ?

In determining salesforce size, when a company groups accounts into different size classes and then determines the number of salespeople needed to call on them the desired number of times it is called the ?

Setting call objectives is done during which of the following stages of the selling process?

The biggest of greatest amount of involvement in a foreign market comes through which of the following ?

Coginitive dissonance occurs in which stage of the buyer decision process model ?

Which of the following information forms available to the marketing manager can usually be accessed more quickly and cheaply than other information sources ?

The Coase theorem states that ?

The optimal level of provision of public goods is where society total willingness to pay per unit is equal to the ?

The whole class of goods that will be under produced or not produced at all in a completely unregulated market economy are referred to as ?

imperfect competition occurs ?