Miscellaneous Economics Mcqs - Set 14

1)   Which status is in transition and difficult to classify in corporate relationships ?

a. Foreman
b. Union official
c. Stock holder
d. CEO
Answer  Explanation 

ANSWER: Foreman

Explanation:
No explanation is available for this question!


2)   When a business has multiple absentee owners with limited liability it is a_____________?

a. partnership
b. proprietorship
c. trust
d. corporation
Answer  Explanation 

ANSWER: corporation

Explanation:
No explanation is available for this question!


3)   A corporation________________?

a. is a public institution
b. has the advantage of being able to accumulate vast amounts of capital in a short period of time
c. can afford to pay for the latest research and technology
d. all of the above
Answer  Explanation 

ANSWER: all of the above

Explanation:
No explanation is available for this question!


4)   Resources are defined as______________?

a. everything needed for the production of goods and services including human energy
b. everything found in the ground
c. everything that is made by people
d. none of the above
Answer  Explanation 

ANSWER: everything needed for the production of goods and services including human energy

Explanation:
No explanation is available for this question!


5)   Land labor capital and entrepreneurship ?

a. must be combined in the production of goods and service
b. must be used separately to produce goods and service
c. have no function in the production of goods and service
d. create a balance between humans and their environment
Answer  Explanation 

ANSWER: must be combined in the production of goods and service

Explanation:
No explanation is available for this question!


6)   Unions face WHICH of the following problems ?

a. Antitrust laws
b. Increasing white-collar membership
c. Expansion of the manufacturing sector
d. Loss of membership
Answer  Explanation 

ANSWER: Loss of membership

Explanation:
No explanation is available for this question!


7)   Royal Dutch Shell Oil Co has branches in Holland Britain the United States and France This kind of corporation is called__________________?

a. closed
b. multinational
c. restricted
d. monopolistic
Answer  Explanation 

ANSWER: multinational

Explanation:
No explanation is available for this question!


8)   One of the side effects of advertising is that it________________?

a. supplies the real needs of people
b. creates artificial demands
c. helps the wealthy get richer
d. none of the above
Answer  Explanation 

ANSWER: creates artificial demands

Explanation:
No explanation is available for this question!


9)   With the shift from family capitalism to industrial capitalism the important unit became the_______________?

a. corporation
b. government
c. commune
d. union
Answer  Explanation 

ANSWER: corporation

Explanation:
No explanation is available for this question!


10)   The Protestant Ethic supported capitalism through the religious doctrine that praised_________________?

a. hard work and thrift
b. predestination
c. turning the other cheek
d. buying indulgences
Answer  Explanation 

ANSWER: hard work and thrift

Explanation:
No explanation is available for this question!


11)   In contemporary market systems competition____________________?

a. is quite strong
b. is diluted by private and state monopolies
c. does not exist
d. has been replaced by planning
Answer  Explanation 

ANSWER: is diluted by private and state monopolies

Explanation:
No explanation is available for this question!


12)   The market system consists of planning by__________________?

a. inducement
b. direction
c. command
d. tradition
Answer  Explanation 

ANSWER: inducement

Explanation:
No explanation is available for this question!


13)   Specialized division of labor in industrial societies can make workers feel that they_______________?

a. have lack of control
b. have no sense of accomplishment
c. are an anonymous group
d. all of the above
Answer  Explanation 

ANSWER: all of the above

Explanation:
No explanation is available for this question!


14)   Efficiency in economic terminology means________________?

a. using existing technology
b. obtaining the highest output in the least amount of time
c. ignoring the time factor
d. making do with as few workers as possible
Answer  Explanation 

ANSWER: obtaining the highest output in the least amount of time

Explanation:
No explanation is available for this question!


15)   Which economic orientations govern Western industrial societies ?

a. Tradition
b. Command
c. Free Market
d. BOTH market and command
Answer  Explanation 

ANSWER: BOTH market and command

Explanation:
No explanation is available for this question!


16)   The main problem facing societies with a surplus is_____________________?

a. how to get rid of it
b. what to produce how produce it and for whom to produce it
c. there is no problem it is divided equally
d. how to keep it away from enemies
Answer  Explanation 

ANSWER: what to produce how produce it and for whom to produce it

Explanation:
No explanation is available for this question!


17)   The numbers of PACs ?

a. doubled since 1974
b. tripled since 1074
c. quadrupled since 1974
d. increased nearly sevenfold since 1974
Answer  Explanation 

ANSWER: increased nearly sevenfold since 1974

Explanation:
No explanation is available for this question!


18)   The foremost advantage of a corporation is its_____________?

a. ability to accumulate vast amounts of capital in a short time
b. capacity for protracted periods of employment
c. ability to profit from the labor of its employees
d. necessity to exhibit the latest technology
Answer  Explanation 

ANSWER: ability to accumulate vast amounts of capital in a short time

Explanation:
No explanation is available for this question!


19)   In most societies ownership of property takes one of three forms________________?

a. restricted guarded and private
b. esthetic visible tangible
c. communal private public
d. ambiguous hermetic contraceptive
Answer  Explanation 

ANSWER: communal private public

Explanation:
No explanation is available for this question!


20)   Land labor capital and entrepreneurship are called__________________?

a. raw materials
b. impetus to upward mobility
c. factors of production
d. external devices
Answer  Explanation 

ANSWER: factors of production

Explanation:
No explanation is available for this question!


21)   Each society must make the following decisions of an economic nature regarding the______________?

a. time place and quantity of production
b. assessment collection and counting of taxes
c. measurement of land water and minerals
d. production distribution and consumption of goods and services
Answer  Explanation 

ANSWER: production distribution and consumption of goods and services

Explanation:
No explanation is available for this question!


22)   Which resources are scarce in every society ?

a. Fertile land
b. Wheat and com
c. Food shelter and protective coverings
d. Sufficient males to mate with all the females
Answer  Explanation 

ANSWER: Food shelter and protective coverings

Explanation:
No explanation is available for this question!


23)   Corporations and labor unions_____________?

a. cannot contribute to congressional candidates
b. may establish their own PACs
c. may use union or corporate funds to administer PACs
d. can give soft money to a national party for state and local campaigns
e. all of the above
Answer  Explanation 

ANSWER: all of the above

Explanation:
No explanation is available for this question!


24)   Whenever a third party becomes significant its platform _______________ ?

a. is rejected by the two main parties
b. is integrated into the platforms of the two main parties
c. is declared unconstitutional
d. becomes a social movement
Answer  Explanation 

ANSWER: is integrated into the platforms of the two main parties

Explanation:
No explanation is available for this question!


25)   The transitional period between the dominance of one party or another is called_______________?

a. realignment
b. dealignment
c. alignment
d. derailment
Answer  Explanation 

ANSWER: realignment

Explanation:
No explanation is available for this question!


26)   “Hard “money is_________________?

a. money actually tendered to campaigns
b. cash rather than checks or notes
c. money given during the campaign
d. none of the above
Answer  Explanation 

ANSWER: none of the above

Explanation:
No explanation is available for this question!


27)   The Democrats lost the presidential elections in 1984 and 1988 because of______________?

a. split ticket voting
b. huge political gaffes
c. loss of direct contact with the electorate
d. running the wrong candidates
Answer  Explanation 

ANSWER: running the wrong candidates

Explanation:
No explanation is available for this question!


28)   Political parties link_____________?

a. PACs to Congress
b. heterogeneous groups to coalitions
c. extremists to government
d. all of the above
Answer  Explanation 

ANSWER: heterogeneous groups to coalitions

Explanation:
No explanation is available for this question!


29)   Effective social movement leadership requires_______________?

a. taking tactical advantage of trends and opportunities
b. marketing skills
c. procedures for succession
d. all of the above
Answer  Explanation 

ANSWER: all of the above

Explanation:
No explanation is available for this question!


30)   Which of the following is NOT an interest group ?

a. The National Rifle Association
b. The American Association of Retired people
c. Lobbyists of America
d. The Southern Christian Leadership Conference
Answer  Explanation 

ANSWER: Lobbyists of America

Explanation:
No explanation is available for this question!


31)   A modified version of elitist theory holds that_______________?

a. elite members identify with middle-class values
b. the masses can on occasion influence the elite
c. elites vary in their degree of openness
d. all of the above
Answer  Explanation 

ANSWER: all of the above

Explanation:
No explanation is available for this question!


32)   What function do politicians serve according to pluralists ?

a. Front men
b. Statesmen
c. Shills or decoys
d. Power and interest brokers
Answer  Explanation 

ANSWER: Power and interest brokers

Explanation:
No explanation is available for this question!


33)   The chief function of interest group is to________________?

a. provide group representation above and beyond that provided by our elected officials in Congress
b. provide geographic representation
c. bring into the open obscure problems to be solved
d. choose candidates for political office
Answer  Explanation 

ANSWER: provide group representation above and beyond that provided by our elected officials in Congress

Explanation:
No explanation is available for this question!


34)   Which of the following groups has traditionally had the worst voting record in the United States ?

a. Urban and suburban residents
b. The young and underprivileged
c. College educated professionals
d. White collar workers
Answer  Explanation 

ANSWER: The young and underprivileged

Explanation:
No explanation is available for this question!


35)   The classic textbook model of democracy is referred to as the__________________?

a. Lockean model
b. referendum model
c. majoritarian model
d. Madisonian model
Answer  Explanation 

ANSWER: majoritarian model

Explanation:
No explanation is available for this question!


36)   Interest groups may be defined as__________________?

a. groups of people interested in specific legislation
b. groups of people who want to enter politics
c. wealthy and civicminded people with excessive leisure time.
d. coalitions of individuals with similar attitudes and interests who attempt to influence public policy
Answer  Explanation 

ANSWER: coalitions of individuals with similar attitudes and interests who attempt to influence public policy

Explanation:
No explanation is available for this question!


37)   In regard to public and political opinion_________________?

a. they are the same
b. public opinion is limited to few issues
c. political opinion deals with all matters
d. political opinion is all opinions expressed on political issues
Answer  Explanation 

ANSWER: political opinion is all opinions expressed on political issues

Explanation:
No explanation is available for this question!


38)   Today’s Catholic Church is classified as a________________?

a. national state
b. nationless state
c. intergovernmental organization
d. nongovernmental organization
Answer  Explanation 

ANSWER: nongovernmental organization

Explanation:
No explanation is available for this question!


39)   Surveys of American voters reveal_______________?

a. a general support of the government
b. full support of democratic principles
c. the majority of people and political leaders are equally committed to democratic values
d. a general cynicism about government
Answer  Explanation 

ANSWER: a general cynicism about government

Explanation:
No explanation is available for this question!


40)   The political organization that may have too much influence on elected officials because of its generous contribution is the________________?

a. Republican Club
b. Democratic Club
c. Political Action Committee
d. Rules Committee
Answer  Explanation 

ANSWER: Political Action Committee

Explanation:
No explanation is available for this question!


41)   Proposed political party reforms in the U.S include_____________?

a. greater ideological division
b. increasing numbers of Independents
c. greater freedom of action for candidates
d. adopting a winner-takes -all principle
Answer  Explanation 

ANSWER: greater ideological division

Explanation:
No explanation is available for this question!


42)   Political parties in the U.S function to______________?

a. define the interests of the people in the form of a platform
b. provide personnel to run the government
c. engage in political socialization
d. all of the above
Answer  Explanation 

ANSWER: all of the above

Explanation:
No explanation is available for this question!


43)   The synthesis of the elitist and pluralist approaches realist democracy assumes that_____________?

a. voters do have a choice in elite competition
b. the elites have a consensus on basic democracy
c. new groups can become the new elite
d. all of the above
Answer  Explanation 

ANSWER: all of the above

Explanation:
No explanation is available for this question!


44)   In the American political system_____________?

a. everyone participates in the political process
b. real equality for everyone is a fact
c. there is no ruling elite
d. members of Congress and their constituents generally do not know much about what the other thinks
Answer  Explanation 

ANSWER: members of Congress and their constituents generally do not know much about what the other thinks

Explanation:
No explanation is available for this question!


45)   A pluralist in the U.S would maintain that___________________?

a. power is spread through multiple centers
b. policy reflects the wishes of a few elites
c. significant decisions are made by the upper classes
d. power is in the hands of a small homogeneous class of leaders
Answer  Explanation 

ANSWER: power is spread through multiple centers

Explanation:
No explanation is available for this question!


46)   The power elite are drawn from among the_______________?

a. military and business leaders
b. middle-class urban residents
c. union leaders
d. intellectuals
Answer  Explanation 

ANSWER: military and business leaders

Explanation:
No explanation is available for this question!


47)   The school of thought that considers power to be brokered by various interest groups is called______________?

a. pluralism
b. power elitism
c. absolute power
d. authoritarianism
Answer  Explanation 

ANSWER: pluralism

Explanation:
No explanation is available for this question!


48)   In C.Wright Mill,s view what group constitutes an elite ?

a. Church leaders and educators
b. The corporate rich only
c. High ranking military officers only
d. The military-industrial-governmental complex
Answer  Explanation 

ANSWER: The military-industrial-governmental complex

Explanation:
No explanation is available for this question!


49)   According to Marx which group constituted a ruling elite ?

a. The proletariat
b. The bourgeoisie
c. The workers for the owners of the means of production
d. The military
Answer  Explanation 

ANSWER: The bourgeoisie

Explanation:
No explanation is available for this question!


50)   The political process_______________?

a. allows those representing minority views to try to become the majority
b. favors those representing majority views
c. allows those in positions of power to ignore the peoples wishes
d. none of the above
Answer  Explanation 

ANSWER: allows those representing minority views to try to become the majority

Explanation:
No explanation is available for this question!