miscellaneous MCQs – Page 63

Practise focused miscellaneous questions with marked answers for exam preparation and subject revision.

miscellaneous Mcqs
1241. If the marginal revenue is Positive ?
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A. Selling another unit will increase total revenue

B. Selling another unit will increase profits

C. Selling another unit will increase costs

D. Selling another unit will increase average revenue
1242. Which of the following is an injection into the economy ?
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A. Taxation

B. Imports spending

C. Savings

D. Investment

1243. The profit per sale is a measure of ?
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A. Profit

B. Realism

C. Profitability

D. Feasibility

1244. The social sciences lack ?
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A. theories

B. scientific laws

C. concepts

D. generalization

1245. The accelerator assumes ?
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A. The multiplier is constant

B. The marginal propensity to consume is constant

C. There is a constant relationship between net investment and the rate of change of output

D. The economy is at full employment

1246. An outward shift in the Marginal Efficiency of Capital should ?
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A. Slow economic growth

B. Decrease consumption

C. Reduce aggregate supply

D. Increase aggregate demand

1247. In defining social sciences which of the following phrases is the most appropriate?
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A. social philosophy

B. study of individual behavior

C. rules for behavior

D. systematic and methodical study
1248. When does a society need laws ?
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A. when it is necessary to create folkways and mores

B. when people commit too many sins

C. when the folkways and mores are not sufficient to control behavior

D. when the court system declares that they are needed

1249. The marginal propensity to consume is equal to ?
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A. change in consumption / change in income

B. Total consumption / total income

C. Total spending / total consumption

D. Change in consumption / change in savings

1250. Barriers to entry ?
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A. Occur in perfect competition

B. Enable losses to be made in the long run

C. Enable abnormal profits to be made in the short run only

D. Enable abnormal profits to be made in the long run

1251. Durkheim was one of the first scientific sociologists who studied______________?
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A. suicide

B. sex

C. all of the above

D. mental illness

1252. Which of the following is NOT an example of a subject investigated by social scientists ?
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A. The course of population growth and decline

B. The functioning of supply and demand

C. The interaction of various drugs in humans

D. Case study of an urban gay community

1253. If labour productivity per week is 200 units and there are 5 employees what is the total output ?
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A. 195 units

B. 1000 units

C. 200 units

D. 40 units
1254. In macroeconomics, equilibrium is defined as that point at which ?
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A. aggregate output equals consumption minus investment

B. saving equals consumption

C. Planned aggregate expenditure equals aggregate output

D. planned aggregate expenditure equals consumption

1255. A way of helping depressed regions by having lower wages, lower local taxes and lower unemployment benefit has been suggested as ?
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A. Keynesian

B. left-wing theorists

C. New-Keynesian

D. market orientated economists
1256. A counterculture ?
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A. emphasizes math

B. opposes values of the mainstream culture

C. is based in stores

D. none of the above

1257. Investment is ?
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A. A withdrawal that decrease aggregate

B. An injection that decreases aggregate demand

C. An injection that increases aggregate demand

D. A withdrawal that increase aggregate demand

1258. Disposable income is the part of households income left after the deduction of ?
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A. income tax and social security payments

B. contractual payments such as pensions and mortgages

C. taxes and the addition of benefits

D. income tax

1259. According to the paradox of thrift increased efforts to save will cause ?
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A. a decrease in income and an overall decrease in saving

B. an increase in income but no overall change in saving

C. an increase in income and an increase in overall saving

D. a decrease in income but an increase in saving

1260. The liquidity trap occurs when the demand for money ?
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A. Means that an increases in the money supply leads to an increases in the interest rate

B. Is perfectly interest inelastic

C. Means that an increase in money supply leads to a fall in the interest rate

D. Is perfectly interest elastic