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Economics MCQs with Explanations

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3601EconomicsMedium

________ factors are the most popular bases for segmenting customer groups?

ADemographic

BPsychographic

CGeographic

DBehavioral

Correct answer

A. Demographic

Explanation

The correct answer is Demographic.

3602EconomicsMedium

The type of trade promotion discount in which manufacturers agree to reduce the price to the retailer in exchange for the retailer’s agreement to feature the manufacturer’s products is some way is called a(n)?

Apremium

Brebate

Callowance

Ddiscount

Correct answer

C. allowance

Explanation

The correct answer is allowance.

3603EconomicsMedium

Guddu Barrage was constructed on?

ARiver Ravi

BRiver Sutlej

CRiver Indus

DRiver Jheulum

Correct answer

C. River Indus

Explanation

The correct answer is River Indus.

3604EconomicsMedium

Smith wrote that private ownership of the means of production would?

Astifle economic growth as the markets would be flooded with merchandise

Bcreate abuse

Cstimulate government control

Dstimulate economic growth as each individual tried to maximize profits

Correct answer

D. stimulate economic growth as each individual tried to maximize profits

Explanation

The correct answer is stimulate economic growth as each individual tried to maximize profits.

3605EconomicsMedium

The reduction or covering of foreign exchange risk is called?

Aarbitrage

Bspeculation

Chedging

Dintervention

Correct answer

C. hedging

Explanation

The correct answer is hedging.

3606EconomicsMedium

The global social system differs from a societal social system in that________?

Aall of the above

Bnations do not have common goals

Cno global government exists

Dnations contain a variety of ethnic and racial groups

Correct answer

A. all of the above

Explanation

The correct answer is all of the above.

3607EconomicsMedium

Common market is an agreement between two or more countries. What this agreement permits?

AFree movement of goods and services

BNone of them

CBoth of them

DFree movement of capital and labor

Correct answer

C. Both of them

Explanation

The correct answer is Both of them.

3608EconomicsMedium

The government increase the minimum wage. The National Association of Fast Food Restaurants hires you to determine the impact that this higher minimum wage will have on it industry. This is an example of?

Apartial equilibrium analysis

Bindustry equilibrium analysis

Cgeneral equilibrium analysis

Dspecific equilibrium analysis

Correct answer

A. partial equilibrium analysis

Explanation

The correct answer is partial equilibrium analysis.

3609EconomicsMedium

Which country tops in the production of coconut in the world?

AIndonesia

BBangladesh

CSri lanka

DPhilippines

Correct answer

A. Indonesia

Explanation

The correct answer is Indonesia.

3610EconomicsMedium

The primary agent of socialization is the________?

Amass media

Bschool

Cfamily

Dpeer group

Correct answer

C. family

Explanation

The correct answer is family.

Smith wrote that private ownership of the means of production would?

Astifle economic growth as the markets would be flooded with merchandise

Bcreate abuse

Cstimulate government control

Dstimulate economic growth as each individual tried to maximize profits

Correct answer

D. stimulate economic growth as each individual tried to maximize profits

Explanation

The correct answer is stimulate economic growth as each individual tried to maximize profits.