A. Adam Smith
B. Max Weber
C. Joseph Schumpeter
D. William Baumol
Related Mcqs:
- Capitalism is an economies system ?
A. based on government intervention in the means of production
B. that originated in the United States in the 19th Century
C. Where private owners of capital make decisions based on profit
D. that dominated developing economies in the 19 Century - The essential difference between capitalism and socialism is that ?
A. capitalism exploits the worker and socialism exploits the property owner
B. capitalism relies on the market to make economic decisions and socialism uses central planning
C. capitalism grows through rent seeking and socialism grows through government direction
D. capitalism relies on consumer satisfaction to dictate choices and socialism relies on producer satisfaction - Which statement best explains China’s economic shift towards capitalism in the 1980s and early 1990s ?
A. China’s economic policies were directly influenced by the success of the Soviet economic System
B. The Tiananmen Square massacre resulted in Major economic reforms in China
C. The success of the Cultural Revolution resulted in the increased westernization of china
D. communist economic policies were not meeting the needs of the society - Endorsement means anything written upon the back of the document What does means by Endorse ?
A. To verify signature
B. To verify the person holding cheque
C. To sign one’s name upon the back of cheque
D. To sign one’s name upon the front of cheque - An act of altering of a written or printed document with intentions of deceiving anyone is called________?
A. Fraud
B. Cheating
C. Forgery
D. Fraudulent - Term the written order which directs that a specified sum of money be paid to a specified person ?
A. Bill of Exchange BE
B. Bill of Lading
C. Bearer Cheque
D. None of them - How is termed a written promise to pay back a specified sum of money at a stated time or on demand ?
A. Promissory Note (PN)
B. Note of hand
C. Both of them
D. None of them - Term the authorization whether written or electronic, that shareholders’ votes may be cast by others ?
A. Proxy vote
B. Absentia vote
C. Remote vote
D. Casting vote - Aggregate demand in an economy trading internationally with a government sector can be written as ?
A. AD = C + I
B. AD = C + I + G
C. AD = C + I + G + X + Z
D. AD = C + I + G + X – Z - The Essay on the Principle of Population was written by ?
A. The World Bank
B. Thomas Robert Malthus
C. Julian Simon
D. Abraham Lincoin