A common resource is ?

Related Mcqs:

1. Which of the following is an example of a common resource ?

   A. a firework displays
   B. national defense
   C. iron one
   D. a national park

2. Name the organization in which people are associated together for a common purpose under a common name. This organization is recognized and created by law ?

   A. Company
   B. Corporation
   C. Cooperative
   D. Limited Company

3. Which industrialization policy have developing countries used which places emphasis on the comparative advantage principle as a guide to resource allocation ?

   A. export promotion
   B. import promotion
   C. international commodity agreements
   D. multilateral contracts

4. The market efficiently allocates scarce resource among alternative ends such that ?

   I- consumers receive goods for which they are willing to pay
   II- Production resources hire out to maximize income)
   III- the market determines available labor and capital
   IV- the market distributes income among rich individuals

   A. III and IV only
   B. II and III only
   C. I, II and III only
   D. I, II, III and IV

5. Mention an electronic quotation system in USA that provides price quotations to market participants about more actively traded common stock issues in OTC market ?

   A. National Association of Securities Dealers Automatic Quotation system (Nasdaq)
   B. New York Stock Exchange
   C. Wall Street
   D. Nikkei Stock Average

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

   A. Free movement of capital and labor
   B. Free movement of goods and services
   C. Both of them
   D. None of them

7. Under the EU’s Common Agricultural Policy, a variable import levy equals the ?

   A. amount the which the EU’s support price exceeds the world price
   B. amount by which the world price exceeds the EU’s support price
   C. support price of the EU
   D. world price

8. The implementation of a common market involves all of the following except ?

   A. elimination of trade restrictions among member countries
   B. a common tax system and monetary union
   C. prohibition to restriction on factor movements
   D. a common tariff levied in imports from nonmembers

9. One common misuse of marketing research findings in contemporary business is the tendency for marketing research tp ?

   A. become a vehicle for pitching the sponsor’s products
   B. become a vehicle for pitching the sponsor’s products
   C. become a means for raising prices
   D. become a means of unfair competition

10. Of all the animal pests that attack plants. the most common and which cause the maximum damage are ?

    A. Birds
    B. Insects
    C. Mice
    D. None of these