Economics Mcqs
NAFTA binds which three countries into a single commercial entity ?

A. Mexico panama costa rica
B. United states canada puerto rico
C. United states canada mexico
D. United states cuba mexico

The more consumers are willing to pay for a product_____________________?

A. The more of the product will be produced
B. The less producers will manufacture to raise the price still more
C. The more they go into debt forcing them to stop buying
D. The more expensive the product becomes

The price system_______________?

A. Is equitable
B. Rations products among consumers
C. Allows wealthy consumers to obtain more products
D. Only b and c

Capitalisms roots can be found in_________________?

A. Feudal agriculture
B. Christianity
C. Machine-based production
D. Dialectic materialism

A professional trained in a narrow abstract field is a________________?

A. Vice president
B. Specialist
C. Bureaucrat
D. Foreman

The main function of organized labor is to_______________?

A. Manage large corporations
B. Strike
C. Bargain collectively
D. Regulate safety

Participant observation_________________?

A. Is exclusively used by anthropologists
B. Requires the researcher to disguise his or her identity
C. Involves experimental controls
D. May compromise the objectivity of the researcher

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

A. Political liberals
B. Political independents
C. Political conservatives
D. Political freethinkers

The public sector_________________?

A. Is bloated with a large bureaucracy
B. Employs one of every four workers
C. Is less efficient and effective than the private sector
D. All of the above