A. using existing technology
B. obtaining the highest output in the least amount of time
C. ignoring the time factor
D. making do with as few workers as possible
Related Mcqs:
- Professionalization means________________?
A. everyone is called by a title
B. the same as unemployment
C. there is a decrease in polarization
D. having theoretical knowledge in addition to training - An outward shift in the Marginal Efficiency of Capital should ?
A. Decrease consumption
B. Increase aggregate demand
C. Reduce aggregate supply
D. Slow economic growth - A society’s economic system is largely determined by its concept of________________?
A. truth
B. property
C. happiness
D. justice - In economic growth it is important to consider________________?
A. the quantity of capital and labor
B. the quality of capital and labor
C. the quality of the labor force
D. all of the above - Economic policies do not work as well as they should because of obstacles posed by______________?
A. timing
B. interpretation
C. implementation
D. all of the above - Which perspective looks at the world-wide context and emphasizes economic factors ?
A. Realism
B. Neo-realism
C. Globalism
D. Pluralism - A problem with laissez-faire economic policy is that there is___________________?
A. no flexibility
B. no provision for public goods
C. no profit motives
D. responsiveness to demand - Italy has had many changes in political leadership since World War II However economic and legal specialists keep the nation going We would call their authority_______________?
A. legal-rational
B. charismatic
C. traditional
D. irrational - Entities such as the U.N and the European Economic Community (Common Market) are classed as_____________?
A. IGOs
B. LDCs
C. ICUs
D. EEcs - Which of the following is NOT within the secondary economic sector ?
A. Home construction
B. Oil drilling
C. Salmon canning
D. All of these
