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

Related Mcqs:

1. The theoretical basis for zero marginal productivity of labor was the concept of ?

   A. marginal rate of substitution
   B. labor force literacy
   C. substitution of leisure and work among labor
   D. limited technical sustainability of factors

2. How is termed the ability to buy ?

   A. Purchasing power
   B. Income level
   C. Gross purchasing power
   D. Purchasing power parities (PPP)

3. What is called the centers around the ability of a national economy to generate enough interests and principal on its foreign debt ?

   A. National economic risk
   B. Country economic risk
   C. Country finance risk
   D. Foreign exchange risk

4. An evaluation of an individual’s or company’s ability to obligations or its likelihood of not defaulting is known as ?

   A. Credibility
   B. Credit risk
   C. Credit credibility
   D. Credit rating

5. The ability of the Organization of Petroleum Exporting Countries (OPEC) to maximize profits is hampered by ?

   A. a lack of substitutes for oil
   B. similar cost schedules for member countries
   C. highly inelastic world demand curve for oil
   D. economic recession for oil importing nations

6. The ability-to-pay principle of taxation suggests that if a tax system is to be vertically equitable it should be ?

   A. efficient
   B. progressive
   C. regressive
   D. proportional

7. Progress that meets the needs of the present without compromising the ability of future generations to meet their own needs is ?

   A. the tragedy of commons
   B. sustainable development
   C. net primary productivity (NPP)
   D. the impossibility theorem

8. The analysis considers the ability of domestic and foreign price of adjust to devaluation in the short run ?

   A. pass through
   B. absorption
   C. adjustment mechanism
   D. currency contract period

9. The analysis considers the ability of domestic and foreign price of adjust to devaluation in the short run ?

   A. pass through
   B. absorption
   C. adjustment mechanism
   D. currency contract period

10. When entering a building, Asim diverts his path to go through an open door rather than make the physical effort to open the closed door that is directly in his path. This is an example of:

    A. irrational behavior
    B. a lazy person
    C. marginal benefit-marginal cost analysis
    D. programmed learning

    Submitted by: Mansoor Ul Haque