Economics Mcqs
Whenever a third party becomes significant its platform _______________ ?

A. Is rejected by the two main parties
B. Is integrated into the platforms of the two main parties
C. Is declared unconstitutional
D. Becomes a social movement

Corporations and labor unions_____________?

A. cannot contribute to congressional candidates
B. may establish their own pacs
C. may use union or corporate funds to administer pacs
D. can give soft money to a national party for state and local campaigns

Which resources are scarce in every society ?

A. Fertile land
B. Wheat and com
C. Food shelter and protective coverings
D. Sufficient males to mate with all the females

Each society must make the following decisions of an economic nature regarding the______________?

A. Time place and quantity of production
B. Assessment collection and counting of taxes
C. Measurement of land water and minerals
D. Production distribution and consumption of goods and services

Land labor capital and entrepreneurship are called__________________?

A. Raw materials
B. Impetus to upward mobility
C. Factors of production
D. External devices

In most societies ownership of property takes one of three forms________________?

A. Restricted guarded and private
B. Esthetic visible tangible
C. Communal private public
D. Ambiguous hermetic contraceptive

The foremost advantage of a corporation is its_____________?

A. Ability to accumulate vast amounts of capital in a short time
B. Capacity for protracted periods of employment
C. Ability to profit from the labor of its employees
D. Necessity to exhibit the latest technology

The numbers of PACs ?

A. Doubled since 1974
B. Tripled since 1074
C. Quadrupled since 1974
D. Increased nearly sevenfold since 1974

The main problem facing societies with a surplus is_____________________?

A. How to get rid of it
B. What to produce how produce it and for whom to produce it
C. There is no problem it is divided equally
D. How to keep it away from enemies

Which economic orientations govern Western industrial societies ?

A. Tradition
B. Command
C. Free market
D. Both market and command