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Economics MCQs with Explanations

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2481EconomicsMedium

All of the following are ways that marketing plays a key role in the company’s strategic planning EXCETP?

Amarketing provides inputs to strategic planners by helping to identify attractive market opportunities

Bmarketing is the only discipline that can provide a formal structure for the planning effort

Cwithin individual business units marketing designs strategies for reaching the unit’s objectives

Dmarketing provides a guiding philosophy

Correct answer

B. marketing is the only discipline that can provide a formal structure for the planning effort

Explanation

The correct answer is marketing is the only discipline that can provide a formal structure for the planning effort.

2482EconomicsMedium

Which side of the market is more likely to lobby government for a price floor?

Athe sellers

Bthe buyers

CBoth buyers and sellers desire a price floor.

DNeither buyers nor sellers desire a price floor.

Correct answer

A. the sellers

Explanation

The correct answer is the sellers.

2483EconomicsMedium

Which kind of Tax is Federal subject?

AProperty Tax

BZakat

CGeneral Sales Tax

DExcise Tax

Correct answer

C. General Sales Tax

Explanation

The correct answer is General Sales Tax.

2484EconomicsMedium

The reality that lies beyond human perception is called________?

Atranspersonal reality

Bparanormal reality

Ctranscendent reality

Dtransient reality

Correct answer

C. transcendent reality

Explanation

The correct answer is transcendent reality.

2485EconomicsMedium

Which of the following is not a reason why the aggregate demand curve slopes downward?

AThe interest-rate effect

BThe classical dichotomy/monetary neutrality effect

CThe wealth effect

DThe exchange-rate effect

Correct answer

B. The classical dichotomy/monetary neutrality effect

Explanation

The correct answer is The classical dichotomy/monetary neutrality effect.

2486EconomicsMedium

The succession of stages in Jean Piaget,s model of cognitive development is________?

Asensorimotor intuitive operational concrete operational and formal operational

Binfancy childhood adolescence and adulthood

Cearly childhood plays concrete operational and formal operational

Dsensimotor pre-operational intuitive operational and concrete operational

Correct answer

A. sensorimotor intuitive operational concrete operational and formal operational

Explanation

The correct answer is sensorimotor intuitive operational concrete operational and formal operational.

2487EconomicsMedium

Malthus suggested the following as means of birth control________?

Aabstinence

Bcelibacy

Call of the above

Dlate marriage

Correct answer

C. all of the above

Explanation

The correct answer is all of the above.

2488EconomicsMedium

Pakistan is the ________ largest Cotton Producer country in the world?

AFifth

BEight

CFourth

DSixth

Correct answer

C. Fourth

Explanation

The correct answer is Fourth.

2489EconomicsMedium

During the 1980s and 1990s the economic policies of China, supported by Deng Xiaoping have led directly to________??

Aa return to a strict command economy

Bthe success of the commune system

Can expansion of China’s colonial empire

Dan increase in trade with the West

Correct answer

D. an increase in trade with the West

Explanation

The correct answer is an increase in trade with the West.

2490EconomicsMedium

________ is the process of evaluating each market segment’s attractiveness and selecting one or more segments to enter?

AMarket segmentation

BMarket targeting

CMass marketing

DMarket positioning

Correct answer

B. Market targeting

Explanation

The correct answer is Market targeting.

All of the following are ways that marketing plays a key role in the company’s strategic planning EXCETP?

Amarketing provides inputs to strategic planners by helping to identify attractive market opportunities

Bmarketing is the only discipline that can provide a formal structure for the planning effort

Cwithin individual business units marketing designs strategies for reaching the unit’s objectives

Dmarketing provides a guiding philosophy

Correct answer

B. marketing is the only discipline that can provide a formal structure for the planning effort

Explanation

The correct answer is marketing is the only discipline that can provide a formal structure for the planning effort.

The succession of stages in Jean Piaget,s model of cognitive development is________?

Asensorimotor intuitive operational concrete operational and formal operational

Binfancy childhood adolescence and adulthood

Cearly childhood plays concrete operational and formal operational

Dsensimotor pre-operational intuitive operational and concrete operational

Correct answer

A. sensorimotor intuitive operational concrete operational and formal operational

Explanation

The correct answer is sensorimotor intuitive operational concrete operational and formal operational.