According to Weber’s thesis ?

Related Mcqs:

1. Baran’s Neo-Marxist thesis has been criticized for ignoring the probability that power is frequently ?

   A. based on an alliance between landowners and peasants
   B. based on an alliance between peasants and the foreign bourgeoisie
   C. transferred from one elite to another when revolution occurs
   D. derived from domestic opponents of nationalism

2. According to Emerson: “Want is a growing giant whom the coat of Have was never large enough to cover.” According to economists, “Want” exceeds “Have” because:

   A. people are greedy
   B. productive resources are limited
   C. human beings are inherently insecure
   D. people are irrational

   Submitted by: Mansoor Ul Haque

3. From each according to his ability to each according to his need is the theoretical slogan of ?

   A. Feudal System
   B. Capitalist System
   C. Fascist System
   D. Communist System

4. Assume that Country A is relatively abundant in labor and Country B is relatively abundant in land Note that wages are the returns to labor and rents are the returns to land According to the factor price equalization theorem, once Country A begins specializing according to comparative advantage and trading with Country B: A. wages and rents should fall in Country A B. wages and rents should rise in Country A C. wages should rise and rents should fall in Country A D. wages should fall and rents should raise in Country A ?

   XA. wages and rents should fall in Country A
   B. wages and rents should rise in Country A
   C. wages should rise and rents should fall in Country A
   D. wages should fall and rents should raise in Country A

5. According to William Baumol under oligopolistic competition among large, high tech business firms. innovation has ?

   A. created stationary economies of scale
   B. maintained the relationship between firms and their clients
   C. replaced price as the important
   D. limited the expansion of firms

6. According to the law of diminishing utility ?

   A. Utility is at a maximum with the first unit
   B. Increasing units of consumption increase the marginal utility
   C. Marginal product will fall as more units are consumed
   D. Total utility will rise at a falling rate as more units are consumed

7. According to the classical economists the economy ?

   A. requires fine tuning to reach full employment
   B. can never deviate from full employment
   C. will never be at full employment
   D. is self-correcting.

8. According to the Laffer curve as tax rates increase tax revenue ?

   A. initially increase and then decrease
   B. decrease continuously
   C. rise continuously
   D. initially decrease and then increase

9. According to the price/quality strategy matrix when a company overprices its product in relation to its quality it is considered to be using which type of strategy ?

   A. Good-value strategy
   B. Premium strategy
   C. Overcharging strategy
   D. Snob strategy

10. Assume that the United States faces a percent inflation rate while no (zero) inflation exists in Japan. According to the purchasing power parity theory over the long run the dollar would be expected to ?

    A. appreciate by 8 percent against the yen
    B. depreciate by 8 percent against the yen
    C. remain at its existing exchange rate
    None of the above