Materials Engineering MCQs (Chapterwise Multiple Choice Questions)

What does the Current Population Survey measure?

The number of immigrants entering the U.S.

The number of deaths in the U.S.

The number of births in the U.S.

Employment, unemployment, the labor force, and other characteristics of the U.S. population.

Answer & Explanation

Correct Answer: Employment, unemployment, the labor force, and other characteristics of the U.S. population.

Note: This Question is unanswered, help us to find answer for this one

What is an industrial union?

A union organized across industries, whose members come from a variety of occupations.

A union organized within a given industry, whose members come from the same occupation.

A union organized within a given industry, whose members come from a variety of occupations.

A union organized across industries, whose members come from the same occupation.

Answer & Explanation

Correct Answer: A union organized within a given industry, whose members come from a variety of occupations.

Note: This Question is unanswered, help us to find answer for this one

What is an FTA?

An area that has no trade barriers between the countries and no other type of economic activity.

An area that has no trade barriers between the countries in the area.

An area that has no trade barriers between the countries and no other restrictions.

An area where only free trade is allowed.

Answer & Explanation

Correct Answer: An area that has no trade barriers between the countries in the area.

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What does a budget line show?

The least expensive items in a grocery store

The minimum amount of money necessary to purchase two goods

The maximum combinations of two goods that it is possible for a consumer to buy

The most popular items in a grocery store

Answer & Explanation

Correct Answer: The maximum combinations of two goods that it is possible for a consumer to buy

Note: This Question is unanswered, help us to find answer for this one

What is the primary goal of those in government according to public choice models?

Getting reelected

Serving the public

Promoting the common good

Making policy decisions

Answer & Explanation

Correct Answer: Getting reelected

Note: This Question is unanswered, help us to find answer for this one

What does an indifference curve show?

The combinations of two goods that leave the consumer with the same level of utility

The budget line for a consumer

The set of all points where marginal utility is equal to zero

The set of all points where utility is maximized

Answer & Explanation

Correct Answer: The combinations of two goods that leave the consumer with the same level of utility

Note: This Question is unanswered, help us to find answer for this one

What do housing assistance programs provide subsidies for?

Providing housing for contractors

Building low-income housing

Renting housing for low-income families

Both renting housing for low-income families and building low-income housing

Answer & Explanation

Correct Answer: Both renting housing for low-income families and building low-income housing

Note: This Question is unanswered, help us to find answer for this one

What does the rule of reason require in order for antitrust cases to be decided?

Neither

The existence of monopoly power and the intent to restrict trade

The intent to restrict trade

The existence of monopoly power

Answer & Explanation

Correct Answer: The existence of monopoly power and the intent to restrict trade

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What are some examples of fringe benefits?

Salary, health insurance, 401k, and vacation time

Health insurance, 401k, dental insurance, and life insurance

Insurance, retirement benefits, vacation time, and maternity and sick leave

Health insurance, retirement benefits, vacation time, and sick leave

Answer & Explanation

Correct Answer: Insurance, retirement benefits, vacation time, and maternity and sick leave

Note: This Question is unanswered, help us to find answer for this one

What is included in total costs?

Marginal costs

The sum of variable costs and fixed costs

Fixed costs

Variable costs

Answer & Explanation

Correct Answer: The sum of variable costs and fixed costs

Note: This Question is unanswered, help us to find answer for this one

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MCQ on Basic Materials Engineering	MCQ on Principles of Microeconomics
General Materials Engineering MCQs