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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

Unions face WHICH of the following problems ?
A Antitrust laws
B Increasing white-collar membership
C Expansion of the manufacturing sector
D Loss of membership
Correct 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__________________?
A closed
B multinational
C restricted
D monopolistic
Correct Answer: multinational
One of the side effects of advertising is that it________________?
A supplies the real needs of people
B creates artificial demands
C helps the wealthy get richer
D none of the above
Correct Answer: creates artificial demands
With the shift from family capitalism to industrial capitalism the important unit became the_______________?
A corporation
B government
C commune
D union
Correct Answer: corporation
The Protestant Ethic supported capitalism through the religious doctrine that praised_________________?
A hard work and thrift
B predestination
C turning the other cheek
D buying indulgences
Correct Answer: hard work and thrift
In contemporary market systems competition____________________?
A is quite strong
B is diluted by private and state monopolies
C does not exist
D has been replaced by planning
Correct Answer: is diluted by private and state monopolies
The market system consists of planning by__________________?
A inducement
B direction
C command
D tradition
Correct Answer: inducement
Specialized division of labor in industrial societies can make workers feel that they_______________?
A have lack of control
B have no sense of accomplishment
C are an anonymous group
D all of the above
Correct Answer: all of the above
Efficiency in economic terminology means________________?
A using existing technology
B obtaining the highest output in the least amount of time
C ignoring the time factor
D making do with as few workers as possible
Correct Answer: obtaining the highest output in the least amount of time
Which economic orientations govern Western industrial societies ?
A Tradition
B Command
C Free Market
D BOTH market and command
Correct Answer: BOTH market and command

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