πEconomics MCQs
Economics MCQs
451 MCQs51
Suppose two economists are arguing about policies that deal with unemployment. One economist says. The government could lower unemployment by one percentage point if it would just increase government spending by 50 billion dollars the other economist responds Nonsense and poppycock! If the government spent an additional 50 billion dollars it would reduce unemployment by only one tenth of one percent. and that effect would only be temporary! These economists ?
ANone of these answers
BDisagree because they have different scientific judgments
Creally donβt disagree at all. It just appears that they disagree
Ddisagree because they have different values
52
_________ is the backbone of the Pakistan economy and the mainstay of our national economic life?
AIndustrial
BService
CAgriculture
DTrade
53
When firm build in Organizational slack they do this in order to ?
Acope with unforeseen changes
Bmaximize growth.
Cminimize conflict within the firm
Dboth options one and three
54
Which of the following is NOT a common reason for a merger?
ATo increase competition
BTo reduce uncertainty
CTo achieve faster growth
DTo achieve economies of scale
55
Identify below those who are not stakeholders in a company ?
AOwners
BCustomers
CEmployees
DNone of the above
56
The merger of two clothing firms would be a ____ merger?
Ahorizontal
Bvertical
Chomogeneous
Dconglomerate
57
The merger of fiber producer and a clothing firm would be _____ merger?
Ahorizontal
Bvertical
Cconglomerate
Dhomogeneous
58
Sales maximization is likely to take place in markets that are ?
Acontestable
Bperfectly competitive
Coligopolistic
Dexport-oriented
59
If firms satisfice this means that ?
Amanagers need to be paid enough to stop them leaving the company
Bobjectives such as profit are not maximized
Cshort-run profits are maximized
Dlong-run profits are maximized
60
Firms that engage in satisficing behavior are likely to be ?
ALike other firms in their industry.
Bgrowth maximisers.
Cleading firms in their industry
Dunlike other firms in their industry