Economics Mcqs
The most experimental of the social sciences is_________________?

A. Sociology
B. Psychology
C. Archaeology
D. Economics

The totality of the phenomenon under study is called the_______________?

A. Population
B. Universe
C. Sample
D. Inferential

To use up the final products of production is to_______________?

A. Distribute
B. Consume
C. Allocate
D. Appropriate

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

Another way of talking about opportunity costs might be as________________?

A. Economic consequences
B. Social consequences
C. Value of sacrificed resources
D. Parallel world

Money is___________________?

A. A means of exchange
B. A method of barter
C. Anything of intrinsic value
D. All of the above

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

Who really owns the corporation? the_________________?

A. Government
B. Stockholders
C. Banks
D. Founders