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MCQs

Total Questions : 50 | Page 1 of 5 pages
Question 1. Disadvantage of Central Planned Economy
  1.    Social justice
  2.    Limited choice of product and services
  3.    Public goods
  4.    Profit
 Discuss Question
Answer: Option B. -> Limited choice of product and services
Question 2. How to produce in Capitalism Economy refers to
  1.    Labor intensive
  2.    Capital intensive
  3.    The cheapest method
  4.    Inefficiency method
 Discuss Question
Answer: Option C. -> The cheapest method
Question 3. What to produce in Mixed Economy refers to:
  1.    Public goods
  2.    Private goods
  3.    Intermediate goods
  4.    Public and private goods
 Discuss Question
Answer: Option D. -> Public and private goods
Question 4. Which one drama/movie below related with Central Planned Economy?
 Discuss Question
Answer: Option D. -> Public and private goods
Question 5. Capitalism is an economic system where individuals take all themain economic decisions
  1.    True
  2.    False
 Discuss Question
Answer: Option A. -> True
Question 6. What problems do tourist cause?
  1.    mistreat and insult islanders
  2.    spend too much money
  3.    stay for long periods of time
  4.    pollute and use up resources
 Discuss Question
Answer: Option D. -> pollute and use up resources
Question 7. Which of the following statement is about microeconomics?
  1.    The growth increased by 5.0 percent last year
  2.    Inflation is about to increased 3.6 percent this year
  3.    The factors of production is limited resources
  4.    The general price level increased by 4 percent last year
 Discuss Question
Answer: Option C. -> The factors of production is limited resources
Question 8. The statement that “the human being’s want cannot be fully satisfied with limited resources is called _______________
  1.    opportunity cost
  2.    choices
  3.    scarcity
  4.    desire
 Discuss Question
Answer: Option C. -> scarcity
Question 9. What to produce is the central problem of choice of technique of production
  1.    True
  2.    False
 Discuss Question
Answer: Option B. -> False
Question 10. Ecotourism helps save the environment
  1.    increase number of factories
  2.    provides jobs for farmers
  3.    reduces risks of earthquakes
  4.    creates homes for imported animals
 Discuss Question
Answer: Option B. -> provides jobs for farmers

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