Ethical Economy MCQs
Ethical Economy MCQs
Answer these 20+ Ethical Economy MCQs and see how sharp is your knowledge of Ethical Economy. Scroll down and let's start!
1: Ethical intensity depends on all of the following except ____.
A. Temporal immediacy
B. Probability of effect
C. Proximity of effect
D. Social commitment
E. Concentration of effect
2: Total risk is measured by _____ and systematic risk is measured by _____.
A. Beta; alpha
B. Beta; standard deviation
C. Alpha; beta
D. Standard deviation; beta
3: The country with the most fdi inflows is _____; the country with the most fdi outflows is ____.
A. United States
B. United Kingdom
C. India
D. Germany
4: The labor-force participation rate measures the proportion ( or percentage) of the_________.
A. Total adult population that is in the labor force
B. Total adult population that is employed
C. Labor force that is employed
D. Labor force that is either employed or unemployed
5: The loanable funds market is ______.
A. The aggregate of all the individual financial markets
B. The market set up by banks to provide loans to households and businesses
C. The aggregate of the bond and stock markets
D. The same as the loan market
6: The majority of fdi comes from ______; the majority of fdi goes to _____.
A. Developed countries; developed countries
B. Reduced; lowered
C. Safe-haven; fallen
D. None of these
7: _____ are different, even within the same job.
A. Workplaces
B. Occupation
C. Careers
D. Interest Rates
8: A truly representative sample should be ______.
A. 1,000
B. No differently
C. Internet polls
D. Random
9: According to the law of demand, a change in _______ causes a movement along the demand curve.
A. Causes a movement along the demand curve.
B. The number of buyers
C. Buyers' expectations
D. The price of the good
E. The price of other related goods
10: According to the law of supply, suppliers want to sell their product at ___ prices.
A. Low
B. High
C. Consistent
D. None of these
11: All other things equal, according to the law of demand, when the price of a good falls, ________.
A. The demand for the good falls
B. The demand for the good rises
C. The quantity demanded of the good falls
D. The quantity demanded of the good rises
12: A government imposes _____ to increase competition in the marketplace.
A. Antitrust laws
B. Patents
C. Tariffs
D. None of these
13: As your income rises, _______.
A. The amount of taxes you pay increases
B. The amount of taxes you pay decreases
C. The amount of taxes you pay stays the same
14: One paradox of chinatowns is that ________.
A. They are virtually nonexistent.
B. Their affluence works to the advantage of overseas Chinese
C. Their bright lights and exotic sounds conceal widespread poverty
15: Since 1989, there have been ________ convicts who were found innocent due to dna testing.
A. 341
B. 123
C. 231
D. 879
16: Adam smith wrote _____.
A. The Wealth of Nations
B. The Communist Manifesto
C. Das Kapital
D. A Vindication of the Rights of Women
17: The law of supply states that as prices _____, the quantity _____.
A. Rise; supplied rises
B. Fall; supplied rises
C. Rise; supplied Fall
D. Fall; supplied Fall
18: The limited resources in demand in society are called the ___________ of production.
A. Economic resources
B. Factors of production
C. Both
D. None of these
19: The plow was to the agricultural society as the ________ was to the industrial society.
A. Steam engine
B. Ruling class
C. Oligarchy
D. Castle
20: The quantity of a product that will be produced and sold at a specific price is the __________.
A. Demand
B. Supply quantity
C. Demanded quantity
D. Supplied
21: _____ is excludable and _____ is nonexcludable.
A. A seat on a bus at rush hour; national defense
B. Voters are well informed about the effects of policies
C. A camera; a concert in the park
D. A car; a freeway; oxygen in the atmosphere
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Ethical Economy MCQs
