economics MCQs – Page 343

Practise multiple-choice questions from economics for competitive examinations and subject revision. Review each marked answer and report any item that may be outdated or unclear.

economics Mcqs
1. the national economy2. profit maximizing under perfect competition and monopoly3. application of economics4. the aggregate demand aggregate supply model5. surplus6. money interest rates and output7. average and total cost8. stabilization adjustment reform and privatization9. risks and diversification efficient market hypothesis10. the phillips curve11. supply and demand12. capital formation investment choice information technology and technical progress13. aggregate supply unemployment and inflation14. elasticity15. comparative gdp16. roots of modern macroeconomics17. production factors18. poverty malnutrition and income inequality19. trade regulations and industrial policies20. monetary union21. exchange rate systems and currency crises22. economic development in historical perspective23. exchange rate determination24. monopoly competition25. the balance of payments26. inflation productivity27. macroeconomic issues and analysis28. employment migration and urbanization29. macroeconomic policy tools30. supply side policies31. exchange rate adjustments and the balance of32. miscellaneous33. taxation34. trade policies for the developing nations35. markets efficiency and the public interest36. the external debt and financial crises37. budget deficits and the trade balance38. alternative theories of the firm39. public goods40. the meaning and measurement of economic development41. characteristics and institutions of developing countries42. agriculture irrigation system of pakistan43. education health and human capital44. economic problems of developing countries45. theories of economic development46. basic of economics47. consumer theory vs real consumers48. applied microeconomics49. long term economic growth50. externality internality51. fiscal and monetary policy52. prices wages taxes53. balance of payments aid and foreign investment54. international factor movements and multinational corporations55. entrepreneurship organization and innovation56. the international economy and globalization57. population and development58. non tariff trade barriers59. foundations of modern trade theory60. global economic development61. market62. rural poverty and agricultural transformation63. regional trading arrangements64. foreign exchange65. introduction to economics66. world economy miscellaneous67. sources of comparative advantage68. natural resources and the environment toward sustainable development69. monopoly70. asymmetric information71. income inequality72. labour market73. tariffs74. development planning and policy making the state and the market75. oligopoly76. industrial development77. costs supply and perfect competition78. human capital79. monetary fiscal and incomes policy and inflation80. stocks
6841. ______ includes practices such as overstating the products features or performance luring the customer to the store for a bargain that is out of stock, or running rigged contests ?
comments icon0

A. Deceptive cost structure

B. Deceptive packaging

C. Deceptive promotion

D. Deceptive pricing

6842. The American Marketing Association suggests a list of code of ethics All of the following are ethics suggested in the area of distribution EXCEPT ?
comments icon0

A. not manipulating the availability of a product for purpose of explotation

B. not using coercion in the marketing channel

C. not exerting undue influence over the resellers choice to handle a product

D. using gray marketers whenever possible to save the consumer money
6843. If Mark Mars pays Hershey Foods Corporation for the right to use their name on his line of T-shirts then Mr. Mars is using which type of branding ?
comments icon0

A. Manufacturers brand

B. Licensed brands

C. Co-brand

D. Private brand

6844. When Coca-Cota and Nestle formed joint venture to market a ready to drink coffee and tea worldwide the type of marketing system that was formed would best be described as being a(n)?
comments icon0
A. horizontal marketing system

B. diversified marketing system

C. vertical marketing system

D. parallel marketing system

6845. ___________ is a strategy of using a successful brand name to launch a new of modified product in a new category ?
comments icon0

A. Line extension

B. Duobranding

C. Multibranding

D. Brand extension
6846. ________ consists of dividing a market into distinct groups of buyers on the basis of needs, characteristics or behavior who might require separate products or marketing mixes?
comments icon0

A. Market positioning

B. Product differentiation

C. Market targeting

D. Market segmentation
6847. Pricing to cover variable costs and some fixed costs as in the case of some automobile distributorships that sell below total costs is typical of which of the following pricing objectives ?
comments icon0

A. product quality leadership

B. Survival

C. current profit maximization

D. Market share leadership

6848. In evaluating messages for advertising telling how the product is better than the competing brands aims at making the ad ?
comments icon0
A. distinctive

B. remembered

C. meaningful

D. believable

6849. The conclusion that free, unregulated markets will produce an efficient outcome breaks down if ?
comments icon0

A. firms are not price takers in the output market

B. all of the above

C. households do not have perfect information

D. firms are not price takers in input markets

6850. The type of sales presentation approach that requires good listening and problem-solving skills is the ?
comments icon0

A. canned approach

B. critical-thinking approach

C. need-satisfaction approach

D. formula appraoch

6851. _______ is the general term for a buying and selling process that is supported by electronic means?
comments icon0

A. Web commerce

B. Computer commerce

C. Internet commerce

D. Electronic commerce
6852. The statement everything affects everything else reflects the principle behind ?
comments icon0
A. general equilibrium analysis

B. efficiency analysis

C. equity analysis

D. partial equilibrium analysis

6853. Regulations that arise to ensure that firms take responsibility for the social costs of their products or production processes stem from which reason for government legislation of business ?
comments icon0
A. To protect the interests of society

B. To protect companies form each other

C. To protect consumers from unfair business practices

D. To protect businesses from unfair consumer demands

6854. If a large number of individuals are affected by an external benefit, private bargaining will not work because of ?
comments icon0

A. the Coase theorem

B. the fallacy of composition

C. the free-rider problem

D. non-rivalry

6855. The type of salesforce structure in which the sales force sells along product lines is called a ?
comments icon0

A. retail salesforce

B. customer salesforce

C. territorial salesforce

D. product salesforce
6856. A three day cooling off period in which buyers can cancel a contract after re-thinking it is to protect the consumer from ?
comments icon0

A. detail selling

B. high pressure telling

C. hard core selling

D. creative selling

6857. A person will continue to pursue an activity up to the point where ?
comments icon0
A. marginal benefit equals marginal private cost

B. Marginal benefit equals marginal damage cost

C. marginal social cost equals marginal external cost

D. marginal benefits equals marginal social cost

6858. If one persons enjoyment of the benefits of a good does not interfere with anothers consumption of it, the good is said to be ?
comments icon0

A. non-excludable

B. non-rival in consumption

C. limitless in utility

D. congestible in consumption

6859. That the company that overlooks new and better ways to do things will eventually lose customers to another company that has found a better way to serving customer needs is a major tenet of ?
comments icon0
A. innovative marketing

B. consumer oriented marketing

C. value marketing

D. sense -f mission marketing

6860. ________ is the practice of adopting policies and developing strategies that both sustain the environment and produce profits for the company ?
comments icon0

A. Consumerism

B. Consumer accountability

C. Environmentalism

D. Environmental sustainability