The price system is based on_______________?

Related Mcqs:

1. Social systems are based on_______________?

   A. expectations as to the behavior of others B. chaos C. haphazard behavior D. disorganization...

2. Political scientist Morgenthau and the realist school believe that foreign policy is based on_______________?

   A. morality B. rights of humanity C. exercise of power D. what is best for the people of a nation...

3. The exchange system is based on_______________?

   A. government reaction B. supply and demand C. lack of labor D. goods and service...

4. Democracy is based on_______________?

   A. the value of the individual B. rule by the elite C. leadership of a charismatic leader D. ideal hopes for a future society...

5. The Industrial Revolution was based on_______________?

   A. the invention of basic machines B. the discovery of new material C. new sources power D. all of the above...

6. The oldest form of power rests on_______________?

   A. rational-legal authority B. charismatic authority C. traditional authority D. the authority of force...

7. 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...

8. Government based on the rule of either the landed gentry the educated and privileged or the hereditary nobility is called_______________?

   A. aristocracy B. oligarchy C. republicanism D. democracy...

9. Martin Luther king,s status was based on his_____________?

   A. wealth B. property C. social influence D. color...

10. Industrial societies are based on____________?

    A. kinship B. primary ties C. machines for production D. smokestacks...