Economics Mcqs
A production function ?

A. Shows the dependency output of the working population
B. Depicts the relationship between input and output
C. States the relationship between products and income distribution
D. Is a function of natural resources in a country

In a production function Y = F(L, K,N,E,T) Y is ?

A. National product
B. Capital
C. Natural resources
D. Prevailing technology

Labor skills are a major component of ?

A. Fertility
B. Population quality
C. Mortality
D. Morbidity

The unemployment rate is the ?

A. Employed plus unemployed divided by labor force
B. Total employment divided by population
C. Labor force divided by population
D. Unemployed divided by employed

During the Great Depression workers in DCs who took inferior jobs as a result of being laid off were known as ?

A. Disguised unemployed
B. Cyclical unemployed
C. Seasonally unemployed
D. Voluntarily unemployed

According to Weber’s thesis ?

A. Protestants disapproved of accumulating wealth
B. Protestants failed to restrict extravagance and conspicuous consumption
C. Roman catholicism expressed its asceticism in a secular vocation
D. Capitalism was most advanced in protestant countries

Which of the following is TRUE about gender and business world ?

A. There are more women than men in u.s business because of the aspirations of u.s girls
B. There are relatively few women in u.s business partly because of female socialization
C. Ldc businesswomen have a better chance than men of getting credit from bankers and suppliers
D. Businesswomen in india are viewed as naturally stronger, less emotional more socially adept and more rational than businessmen

The entrepreneur can be viewed as the ?

I- Coordinator of other production resources
Ii- decision maker under uncertainty
Iii- innovator
Iv- gap filler and input completer

The Protestant Ethic and the Spirit of Capitalism was written by ?

A. Adam smith
B. Max weber
C. Joseph schumpeter
D. William baumol

According to William Baumol under oligopolistic competition among large, high tech business firms. innovation has ?

A. Created stationary economies of scale
B. Maintained the relationship between firms and their clients
C. Replaced price as the important
D. Limited the expansion of firms