economics MCQs – Page 347

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 Review each marked answer and report any item that may be outdated or unclear.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
6921. The idea that when externalities are present private parties can arrive at the efficient solution without government intervention under certain circumstance is known as ?
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A. the drop -in-the bucket problem.

B. Arrows impossibility theorem

C. The coase theorem

D. free rider problem

6922. Wal-Mart owned Sams club is an example of a retail called a(n) ?
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A. factory outlet

B. seconds store

C. warehouse club

D. super specialty store

6923. All of the following would be ways to segment within the category of psychographic segmentation EXCEPT ?
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A. social class

B. lifestyle

C. occupation

D. personality

6924. When a company enters a new product category for which its current brand names are not appropriate it will likely follow which of the following brand strategies ?
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A. Line extensions

B. Brand extensions

C. Product extensions

D. New brands
6925. A company faces several major decisions in international marketing the first of these decisions is often ?
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A. looking at the global marketing environment

B. deciding how to enter markets

C. deciding whether to go international

D. deciding which markets to enter

6926. The orange juice manufacturers know that orange juice is most often consumed in the mornings. However they would like to change this and make the drink acceptable during other time periods during the day Which form of segmentation would they need to work with and establish strategy reflective of their desires ?
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A. gender segmentation

B. age and lief-cycle segmentation

C. benefit segmentation

D. occasion segmentation
6927. The place in the business buying behavior model where interpersonal and individual influences might interact is called the ?
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A. response

B. environment

C. stimuli

D. buying center
6928. ________ are ads that appear while subscribers are surfing online services or Web sites, including banners, pop-up windows, tickers and roadblocks?
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A. Online ads

B. Online broadcasts

C. Online bullets

D. Online infomercials

6929. When an importing country sets limits on the amount of goods it will accept in certain product categories it is called a(n) ?
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A. tariff

B. barrier

C. embargo

D. quota
6930. Traditionally companies have defined their business in product terms or in technological terms however mission statements should be all of the following EXCEPT ?
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A. market oriented

B. motivating

C. a statement of religion

D. based on distinctive competencies

6931. The shrinking or distances due to technological advances such as computer and fax connections by telephone are one characteristic of what new challenge to marketing ?
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A. The micro-chip revolution

B. Rapid globalization

C. The call for more socially responsible marketing

D. The changing world economy

6932. Coginitive dissonance occurs in which stage of the buyer decision process model ?
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A. Information search

B. Evaluation of alternative

C. Postpurchase behaviour

D. Need recognition

6933. The course of a products sales and profits over its lifetime is called ?
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A. the product life cycle

B. the dynamic growth curve

C. the adoption cycle

D. the sales chart

E. the adoption cycle

6934. The study of human population in terms of size, density, location age gender, race occupation and other statistics is called ?
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A. Demography

B. Ethnography

C. Geothermy

D. Hemos-popography

6935. In determining salesforce size, when a company groups accounts into different size classes and then determines the number of salespeople needed to call on them the desired number of times it is called the ?
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A. Key-size approach

B. call-service appraoch

C. work-load appraoch

D. product-need appraoch

6936. A _____ is a good offered either free or at low cost as an incentive to buy a product ?
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A. spiff

B. price pack

C. premium

D. patronage reward

6937. Consumer goods with unique characteristics or brand identification often requiring a special purchase effort are called?
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A. custom products

B. shopping products

C. convenience products

D. specialty products
6938. A companys compensation plan should reflect its overall marketing strategy For example if the overall strategy is to grow rapidly and gain market share the compensation plan should reward ?
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A. high pressure situations and competitive reaction

B. high sales performance and encourage capturing new accounts

C. spot selling and old product rejuvenation

D. loyalty and perseverance

6939. The In suppliers are most likely to get nervous and feel pressure to put their best foot forward in which of the following types of buying situations ?
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A. indirect rebuy

B. modified rebuy

C. new task buying

D. straight rebuy

6940. __________ is persons distinguishing psychological characteristics that lead to his or her own environment?
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A. Psychographics

B. Lifestyle

C. Personality

D. Demographics