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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.

Economists chart the limits of resources and technology on output through_____________________?

A production-possibility schedules

B product-moment correlations

C Venn diagrams

D welfare functions

Review Detailed Answer

Correct Answer: production-possibility schedules

Property is defined in terms of rights of_________________?

A Ownership

B consumption

C distribution

D production

Review Detailed Answer

Correct Answer: Ownership

The most numerous forms of business ownership in the United States is the________________?

A partnership

B subchapter S corporation

C sole survivorship

D sole proprietorship

Review Detailed Answer

Correct Answer: sole proprietorship

The purpose of separating management from ownership is to________________?

A secure the highest possible salaries for managers

B ensure that the long-term interests of the corporation outweigh short-term gains

C shield absentee owners from any and all responsibility

D shield the board of directors from any and all responsibility

Review Detailed Answer

Correct Answer: ensure that the long-term interests of the corporation outweigh short-term gains

Who really owns the corporation? the_________________?

A Government

B stockholders

C banks

D founders

Review Detailed Answer

Correct Answer: stockholders

What percentage of American business revenues do corporation represent ?

A 60%

B 70%

C 80%

D 70%

Review Detailed Answer

Correct Answer: 70%

Industrialization was accompanied by_______________?

A creation of a middle class

B dehumanization and commodification of labor

C continued accumulation and reinvestment of capital

D All of the above

Review Detailed Answer

Correct Answer: All of the above

Money is___________________?

A a means of exchange

B a method of barter

C anything of intrinsic value

D All of the above

Review Detailed Answer

Correct Answer: All of the above

Another way of talking about opportunity costs might be as________________?

A economic consequences

B social consequences

C value of sacrificed resources

D parallel world

Review Detailed Answer

Correct Answer: value of sacrificed resources

An example of resource versatility is_________________?

A land used for both mining and recreation

B Swimming fishing and boating in the same lake

C stringing beads in the morning fishing in the afternoon, and teaching bead stringing at night

D All of the above

Review Detailed Answer

Correct Answer: land used for both mining and recreation

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

Economists chart the limits of resources and technology on output through_____________________?

Property is defined in terms of rights of_________________?

The most numerous forms of business ownership in the United States is the________________?

The purpose of separating management from ownership is to________________?

Who really owns the corporation? the_________________?

What percentage of American business revenues do corporation represent ?

Industrialization was accompanied by_______________?

Money is___________________?

Another way of talking about opportunity costs might be as________________?

An example of resource versatility is_________________?