The participants in a market economy cannot pursue their goals freely because they are affected by_________________?

Related Mcqs:

1. Participants in the market system________________?

   A. are totally free to pursue their goals
   B. are affected by prices and incomes
   C. try to maximize their worth
   D. try to maximize their labor

2. The participants in a market include_____________?

   A. households
   B. firms
   C. governments
   D. all of the above

3. Adequate growth of the economy refers to the goals of__________________?

   A. maintaining current standards of living in spite of increasing population
   B. increasing GNP per capita
   C. approximately 4% growth rate per year
   D. all of the above

4. Some of the advantages of a market economy include ?

   A. all participants get some satisfaction
   B. scarce resources are put into goods that are in demand
   C. economic output is distributed to those who can pay the price
   D. all of the above

5. How are decisions about production made in a market economy ?

   A. By a command system
   B. According to tradition
   C. Through a price system
   D. By executive fiat

6. If the price elasticity of demand for a product in market A is -0.2 and in market B is -3 a price discriminator will charge ?

   A. The higher price in market A
   B. The higher price in market B
   C. The same Price in both markets
   D. Cannot tell which price will be higher

7. A medical model of deviance assumes that it is caused by_________________?

   A. illness
   B. abnormality
   C. mental defects
   D. all of the above

8. Most animal behavior is determined by_________________?

   A. symbolic interaction
   B. a system of symbols
   C. biology and instinct
   D. animal culture

9. Power may be asserted by_________________?

   A. reciprocating
   B. promising a reward in return for compliance
   C. coercion
   D. coercion reciprocation or reward

10. The view that nationalism would wither away was held by_________________?

    A. classical liberals
    B. Marxists
    C. stoic philosophers like Marcus Aurelius
    D. all of the above