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Ethical Economy MCQ

_ is excludable and _ is nonexcludable.

A seat on a bus at rush hour; national defense

Voters are well informed about the effects of policies

A camera; a concert in the park

A car; a freeway; oxygen in the atmosphere

Answer

Correct Answer: A camera; a concert in the park

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The quantity of a product that will be produced and sold at a specific price is the __________.

Demand

Supply quantity

Demanded quantity

Supplied

Answer

Correct Answer: Supply quantity

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The plow was to the agricultural society as the ________ was to the industrial society.

Steam engine

Ruling class

Oligarchy

Castle

Answer

Correct Answer: Steam engine

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The limited resources in demand in society are called the ___________ of production.

Economic resources

Factors of production

Both

None of these

Answer

Correct Answer: Economic resources

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The law of supply states that as prices _, the quantity _.

Rise; supplied rises

Fall; supplied rises

Rise; supplied Fall

Fall; supplied Fall

Answer

Correct Answer: Rise; supplied rises

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Adam smith wrote _____.

The Wealth of Nations

The Communist Manifesto

Das Kapital

A Vindication of the Rights of Women

Answer

Correct Answer: The Wealth of Nations

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Since 1989, there have been ________ convicts who were found innocent due to dna testing.

341

123

231

879

Answer

Correct Answer: 341

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One paradox of chinatowns is that ________.

They are virtually nonexistent.

Their affluence works to the advantage of overseas Chinese

Their bright lights and exotic sounds conceal widespread poverty

Answer

Correct Answer: Their bright lights and exotic sounds conceal widespread poverty

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As your income rises, _______.

The amount of taxes you pay increases

The amount of taxes you pay decreases

The amount of taxes you pay stays the same

Answer

Correct Answer: The amount of taxes you pay increases

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A government imposes _____ to increase competition in the marketplace.

Antitrust laws

Patents

Tariffs

None of these

Answer

Correct Answer: Antitrust laws

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All other things equal, according to the law of demand, when the price of a good falls, ________.

The demand for the good falls

The demand for the good rises

The quantity demanded of the good falls

The quantity demanded of the good rises

Answer

Correct Answer: The quantity demanded of the good rises

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According to the law of supply, suppliers want to sell their product at ___ prices.

Low

High

Consistent

None of these

Answer

Correct Answer: High

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According to the law of demand, a change in _______ causes a movement along the demand curve.

Causes a movement along the demand curve.

The number of buyers

Buyers' expectations

The price of the good

The price of other related goods

Answer

Correct Answer: The price of the good

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A truly representative sample should be ______.

1,000

No differently

Internet polls

Random

Answer

Correct Answer: Random

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_____ are different, even within the same job.

Workplaces

Occupation

Careers

Interest Rates

Answer

Correct Answer: Workplaces

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The majority of fdi comes from __; the majority of fdi goes to _.

Developed countries; developed countries

Reduced; lowered

Safe-haven; fallen

None of these

Answer

Correct Answer: Developed countries; developed countries

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The loanable funds market is ______.

The aggregate of all the individual financial markets

The market set up by banks to provide loans to households and businesses

The aggregate of the bond and stock markets

The same as the loan market

Answer

Correct Answer: The aggregate of all the individual financial markets

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The labor-force participation rate measures the proportion ( or percentage) of the_________.

Total adult population that is in the labor force

Total adult population that is employed

Labor force that is employed

Labor force that is either employed or unemployed

Answer

Correct Answer: Total adult population that is in the labor force

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The country with the most fdi inflows is _; the country with the most fdi outflows is .

United States

United Kingdom

India

Germany

Answer

Correct Answer: United States

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Total risk is measured by _ and systematic risk is measured by _.

Beta; alpha

Beta; standard deviation

Alpha; beta

Standard deviation; beta

Answer

Correct Answer: Standard deviation; beta

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Ethical intensity depends on all of the following except ____.

Temporal immediacy

Probability of effect

Proximity of effect

Social commitment

Concentration of effect

Answer

Correct Answer: Social commitment

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Ethical Economy MCQ

_____ is excludable and _____ is nonexcludable.

The quantity of a product that will be produced and sold at a specific price is the __________.

The plow was to the agricultural society as the ________ was to the industrial society.

The limited resources in demand in society are called the ___________ of production.

The law of supply states that as prices _____, the quantity _____.

Adam smith wrote _____.

Since 1989, there have been ________ convicts who were found innocent due to dna testing.

One paradox of chinatowns is that ________.

As your income rises, _______.

A government imposes _____ to increase competition in the marketplace.

All other things equal, according to the law of demand, when the price of a good falls, ________.

According to the law of supply, suppliers want to sell their product at ___ prices.

According to the law of demand, a change in _______ causes a movement along the demand curve.

A truly representative sample should be ______.

_____ are different, even within the same job.

The majority of fdi comes from ______; the majority of fdi goes to _____.

The loanable funds market is ______.

The labor-force participation rate measures the proportion ( or percentage) of the_________.

The country with the most fdi inflows is _____; the country with the most fdi outflows is ____.

Total risk is measured by _____ and systematic risk is measured by _____.

Ethical intensity depends on all of the following except ____.

_ is excludable and _ is nonexcludable.

The law of supply states that as prices _, the quantity _.

The majority of fdi comes from __; the majority of fdi goes to _.

The country with the most fdi inflows is _; the country with the most fdi outflows is .

Total risk is measured by _ and systematic risk is measured by _.