A. What to produce
B. Who to produce for
C. How to produce
D. How to maximize economic growth
Related Mcqs:
- The basic economic problems will not be solved by ?
A. Market forces
B. Government intervention
C. A mixture of government intervention and the free market
D. The creation of unlimited resources - Mention the name for economic theory that the support of business that allows them to flourish will eventually benefit middle- and lower-income people in the form of increased economic activity and reduced unemployment?
A. End benefit
B. Trickle down
C. Free market
D. Capitalism - Statement A: The might of a country consists of gaining surpluses of gold and silver Statement B: A nation’s strength is found in economic independence and the maintenance of a favorable balance of trade Statement C: We need to gain colonies both as sources for raw materials and as markets for our manufactured of goods Which economic system is being described by these statements ?
A. traditional
B. feudal
C. command
D. mercantile - How I measured the change in the cost of basic goods and services in comparison with a fixed base period ?
A. Human Development Index (HDI)
B. Consumer Price Index (CPI)
C. Complete Price Index (CPI)
D. Comparative Price Index (CPI) - According to the next basic needs include ?
A. food, clothing and housing
B. health, education and quality housing
C. adequate nutrition, primary education health sanitation water supply and housing
D. longevity and living standards - In terms of special product life cycles a ________ is a basic and distinctive mode expression?
A. genre
B. style
C. fashion
D. fad - The pattern of economic growth describes the phenomenon of countries moving up in technological development by following the patterns of countries ahead of them in the development process ?
A. flying geese
B. import substitution
C. export orientation
D. commodity expansion - Which of the following statements about economic fluctuations is true ?
A. None of these answers
B. A depression is a mild recession
C. A variety of spending income, and output measures can be used to measure economic fluctuation because most macroeconomic quantitties tend to fluctuate together
D. A recession is when output rises above the natural rate of output - Which of the following factors has been suggest as an explanation for the lack of economic growth in many poor nations ?
A. The constraints imposed by dependency on the already-developed nations
B. A steady rate of capital formation
C. An adequate level of social overhead capital
D. The supply of human resources is too high - Which of the following is not a requirement for economic development ?
A. a temperate climate
B. natural resources
C. an adequate capital bases
D. technological advance
