Well, C is definitely NOT a characteristic of a fascist state. This course introduces students to the contemporary world by examining the multifaceted phenomenon of globalization. c) The key characteristics of an asset as defined in the Framework include: A. A student playing cricket is not an economic activity. It was a wartime economy. A. Which of the following is true about gender differences in making consumer decisions? Feb 26, 2017 . Correct option is D) Capitalism is an economic, social and political system where private individuals control a country's trade and business. It is concerned with the indigenous production of food, clothing, and furniture.B. Competition is a key factor in all the economies. Central authority is strongest in a command economy. The profit motive drives all businesses in a traditional economy. Q. Which of the following best describes the primary role of an economic system? Economic anthropologists have been concerned with two main questions, one Liberty. Socialism is a left-wing political, social, and economic philosophy encompassing a range of economic and social systems characterised by social ownership of the means of production, as opposed to private ownership. These skills are the mechanics of the job. Jones Company recently has calculated that the EOQ for a particular item is 1,000 units. C. The Education b. Educand c. Educator d. Society 7. A. Formal types of communication are the best suited for conversation The information must be readily understandable to users of the financial statements. True b. SURVEY. Register now or log in to answer.

Which of the following is true according to sociologists who use conversation analysis to study social interactions? Which of the following is true? 30 seconds. D. either earn an economic profit, a loss, or break even depending on revenues and costs E. have incentives to produce the largest quantity at the lowest price given by the demand curve 12. Economic freedom is most limited in a market economy. Framework for the Preparation and Presentation of Financial Statements (the Framework) was approved by the IASC Board. In this respect, liberalism stands for the emancipation of the individual. a) Resources in an economy are unlimitedb) Resources in an economy are fixed at any momentc) All economies have the same resourcesd) Resources in the economy determine what is demanded. Economic freedom is most limited in a market economy. Competition is a key factor in all the economies. Central authority is strongest in a command economy. The profit motive drives all businesses in a traditional economy. Q. Which of the following best describes the primary role of an economic system? A. All of these answers are characteristic of a competitive market. Which of the following is not a characteristic of pure public goods? How do seismic waves help scientists understand Earth's layers? B. There must be future economic benefits. 4. complex trade systems overpopulation lasting marks on art, architecture, science, language, and literature complex Hence, abnormal profits in the long run is not a characteristic of a monopolistically competitive market. Select the two correct answers. Globalization has Which of the following statements is true about a market economy ? The United States is a capitalist country. Which of the following is not a type of process to impart education: a. A traditional economy is usually underdeveloped with minimal economic growth. Mcq Added by: Adden wafa. The following is a characteristic of indirect tax - 1. What was true about demographic characteristicsand even what was considered a demographic characteristichas changed in the last fifty years. Someone who manages a business. The state or the government does not interfere in the price decision. State Ownership The state owns all capital in a communist system including all land, machines, buildings and infrastructure. In unregulated markets, an inefficient quantity would be produced. 1. (1 point) It was a period of economic hardship. Which of the following B. C. The goods offered for sale are largely the same. Nazi Germany is an example of a historical command economy.

Economic freedom is most limited in a market economy. Also called a subsistence economy, it may involve use of barter trade instead of currency. 6. 3. In a market economy, producers often spend large amounts to make sure that consumerseven very young childrenknow the names and logos of their products.This is Which of the following is not a part of tripolar process of Education: a. 1. The legitimacy of a nation-states rule over a territory and over the population inhabiting it stems from the right of a core national group within the state (which may include all or only some of its citizens) to self Any action that involves producing, distributing, or consuming products or services is an economic activity. Someone who creates, owns, and potentially runs a business. The following is a characteristic of a direct tax - 1. Tags: Question 2. A market economy is a type of economic system where supply and demand (1) _____ the economy, rather than government intervention. A. The following are the characteristics of economic activities: 1. SOCIAL STDIES HELP! a. answer choices . 2. Developing economies do not experience change Attract investment Building capacity Developing infrastructure. The impact and incidence are not on the same person. 2. The production may be for the consumption of family members or for the others. Which of the following statements is not true for education: a. April 2001. C.) Europeans are more concentration in urban areas. Understandability. C. The (1 point) It was a period of economic hardship. 4. Some of the characteristics are: 1. Which of the following best describes the Middle Passage? a. The following is a b. it may lead to a loss of control over economic policies and developments. B. 87. September 2010. Competition is a Managements Goal-Oriented: Management seeks to achieve goals. B. A. Communism is thus a form of socialisma higher and more advanced form, according to its advocates. The intuitive reason behind this is that economic aspects of land are often referred to as a consequence of its physical aspects. These skills allow the manager to become involved with and lead his group. Correct option is B) Monopolistic competition is a market structure where there are large number of sellers selling differentiated products. D. either earn an economic profit, a loss, or break even depending on revenues and costs E. have incentives to produce the largest quantity at the lowest price given by the demand curve While no single B. Sedentism. Which of the following statements is TRUE? Economic activity: Business is an economic activity of production and distribution of goods A traditional economy is usually underdeveloped with minimal economic growth. The economic characteristic of improvements (also known as modification), states that improvements to a piece of land can have either a positive or negative impact on its value. Thus, capital is a man-made resource of production.

A. D. Irrigation. 1. It is levied on income. Following World War I, economically, Germany suffered severely. MCQ Of Chapter 4 Economics Class 10 Question 10. d. It was the middle leg of a three-legged journey, a leg in which slaves were transported from Africa to the Americas. a. Shortage of capital 3.

Which of the following is a characteristic of a manufacturing economy? nation-state, a territorially bounded sovereign polityi.e., a statethat is ruled in the name of a community of citizens who identify themselves as a nation. a. Machinery, tools and equipment of all kinds, buildings, railways and all means of transport and communication, raw materials, etc., are included in capital. These goals may be economic or non-economic. China, b. Japan ,c. Mongolia, d. North Korea 1.command economy 2. market-based economy, 3. command economy with limited market reforms i . Scientists can observe how seismic waves change speeds when passing through different layers. answer choices. c. it may lead to an erosion of communities. July 1989. Capital is defined as All those man-made goods which are used in further production of wealth.. Also called a subsistence economy, it may involve use of barter trade instead of currency. Which of the following is a characteristic of a traditional economy? This situation prompted government intervention to avoid communism, political and economic doctrine that aims to replace private property and a profit-based economy with A monopolist produces 14,000 units of output and charges $14 per unit.

Taxes are progressive in nature. The other three are correct. 2.Where is the largest population concentration in the There are mainly five types of financial statements; statement of financial position, income statement, statement of changes in equity, statement of cash flows and disclosure notes.The former four mainly show the relevant financial data to a business but the last one mostly includes the non-financial data that assists the users of the statements to understand Capitalism prioritizes individual rights, private ownership, and free enterprise. The wealth is produced by productive activities. 4. 2 Improvements. Conceptual skills. E. Firms can freely enter or exit the market. Economic freedom is most limited in a market economy. It is often dominant in rural and farm-based countries. Framework adopted by the IASB. (a) They do not have to pay taxes for long a. Which of the following is true? Which of the following statements about resources in an economy is true? The reporting entity must control the future economic benefits. Economic growth has traditionally been measured within a country by its inflation rate. Population explosion and high dependency 4. Which of the following is true? Which of the following best describes the economy of the 1920s in the United States? 1. There is also no barriers to entry. It is levied on income. Its marginal revenue is $8, its marginal cost is $7 and rising, its average total cost is $10, and its average variable cost It Economic activity is the activity of making, providing, purchasing, or selling goods or services. Personal property is abolished or limited to personal items. Which of the following characteristics are MOST likely to be true of agribusiness? 3. In a business organization, the primary goal is to produce and distribute goods and services in order to earn profit. T/F. Informal c. Casual d. Non-Formal 8. B. Framework was published. Which of the following layers is farthest from Earth's center?

Play this game to review World History. It is devoted to producing Which of the following statements is true concerning the introduction of general purpose money into societies that have non-market economies? A true free market economy is an economy Limited surplus is produced, and excess goods are usually given to the ruling authority or landowner. E. Large populations. Central authority is strongest in a command economy.

Competition is a Its marginal revenue is $8, its marginal cost is $7 and rising, its average total cost is $10, and its average variable cost is $9. during a time in the United States that was marked by optimism and relative economic security, Capitalism: Capitalism is identified with a system of unfettered individual enterprise. SOCIAL STDIES HELP! An edge city is a affordable location that offers a concentration of offices, retail and residences so that people can live, work and shop without traveling far.Current economic trends such as the ability to work and shop from home make edge cities less appealing as people want to live in places where they might take a vacation. Low per capita income and widespread poverty 2. What are 2 characteristics of a communist economy? The five characteristics of classical civilizations are _____. Following are some of the basic and important characteristics which are common to all developing economies: An idea of the characteristics of a developing economy must have been gathered from the above analysis of the definitions of an underdeveloped economy. The monopolist should. None of the above. Characteristics of a command economy Government steps in and takes over all production, tells entrepreneur what they'll make and tells public what they want Mixed economy Combination of a market and command economy Example of a mixed economy Social security and taxes Characteristics of a mixed economy The percentage of the workforce involved in agricultural activities is b.The master budget, sometimes March 2018. Incidence may be shifted 2. All of the above ADVERTISEMENTS: The following are the ten important characteristics of a business: 1. The transportation mode having the best overall operating characteristics is Truck. a. outer core b. mesosphere c. asthenosphere d. lithosphere 2. Click here to get an answer to your question Which of the following is a characteristic of a traditional economy?JANUARI ishlandacasseus17 ishlandacasseus17 B. That is a system where economic and social relations are ruled by contract, where men are free agents The presence of positive economic profit in a perfectly competitive market is consistent with Social ownership can be public, collective, or cooperative. C. Egalitarianism. Massive unemployment and Others. communism, political and economic doctrine that aims to replace private property and a profit-based economy with public ownership and communal control of at least the major means of production (e.g., mines, mills, and factories) and the natural resources of a society. a. increase output, which will result in an increase in the firm's positive economic profit. Competition is a key factor in all the economies. Which one of the following is not characteristic ofSpecial Economic Zone? The Portuguese continued the trans-Saharan slave trade to the Muslim world. The modern era saw the rise of democracy as a dominant political system and the introduction of liberty, rights and freedoms. The following are the basic characteristics of communism. There must be future economic benefits. Characteristic # 1. A is correct for #2. A.) Which of the following is a characteristic of communist economies in reality? b) It results in the economic independence for the society as a whole. This means that information must be clearly presented, with additional information supplied in the supporting footnotes as needed to assist in clarification. answer choices . The government has little or no control over the market. The economic characteristic of improvements (also known as modification), states that improvements to a piece of land can have either a positive or negative impact on its The following are the characteristics of economic activities: 1. Every body can fix the price as per their choice. Taxes are progressive in nature. False ECO 202 Final Exam Test Bank 50. Which of the following is not true about the Portuguese slave trade? Which one of the following is the best example of the isolationism Americans adopted after World War 1? Wealth Producing Activities: The economic activities are undertaken to produce wealth. Central authority is strongest in a command economy. Living standards growth is possible even in the absence of economic growth. More Europeans inhabit rural areas. False 49. Scientists can generate seismic The wealth is produced by productive True. a) It makes it easier to carry 2 Improvements. 2 One of the most important characteristics of a market economy, also called a free enterprise economy, is the role of a limited government. Most economic decisions are made by buyers and sellers, not the government. A competitive market economy promotes the efficient use of its resources. China, b. Japan ,c. Mongolia, d. North Korea 1.command economy 2. market-based economy, 3. command economy with limited market reforms i .

Which of the following is true? True b. a) It makes it easier to carry out trade and gives individuals the ability to accumulate wealth. a. Characteristic # 2. The following are all qualitative characteristics of financial statements. A monopolist produces 14,000 units of output and charges $14 per unit. Domestic economy was giving way to an exchange economy. critical shortages of consumer goods. People change as the country changes. Imposes more burden on poor 3. Which of the following is true regarding the U.S. economic environment of labor relations since 1960? a. Social stratification. Commerce.

All of the following are arguments against globalization EXCEPT: a. it may lead to an increase in the apperance of old industries. The key characteristics of an asset as defined in the Framework include: A. Economic Factors: Towards the end of the 15th century changes were taking place in the economic life of the people. Correct option is C) Option C is correct. Conceptual Framework for Financial Reporting 2010 approved by the IASB. All of the above 9. Economics questions and answers. Correct option is B) A capitalist economy is where the price mechanism is decided by the market forces of demand and supply. Which of the following statement is not true about the characteristic of the Indian economy on the eve of independence (Choose with correct alternative) (a) Size of the market was limited (b) Agriculture was stagnant (c) Agriculture was the main source of livelihood (d) "Commanding heights" industries were present ________ measures changes in the prices of goods and services a.Operating budgets include the cash budget, budgeted income statement, and budgeted balance sheet. With a large enough computer, central planners could guide production more efficiently than markets. The overriding qualitative characteristic of accounting information is a. Relevance b. Understandability c. Faithful representation d. Decision usefulness. The five characteristics of classical civilizations are _____. Competition is a key factor in all the economies. The are many buyers and sellers in the market. Economic upturns are associated with concession bargaining. Which of the following best describes the economy of the 1920s in the United States? Relevance (2 points) I. All of the following are arguments against globalization EXCEPT: a. it may lead to an increase in the apperance of old industries. Adding a pool and landscaping to a home will increase its value. True b. Economic freedom is most limited in a market economy. 5. Wealth Producing Activities: The economic activities are undertaken to produce wealth. Following are the basic characteristics of a business organization: (i) Production or Goods Acquisition: The following points highlight the seven main characteristics of Less Developed Countries (LDCs). Someone who owns a business and makes profit from that business. C. Egalitarianism. Industry and commerce. It was a wartime economy. Select one: a. Many Every economic system answers three questions. Which of the following is not a characteristic of a developing economy? d. it can be a force of exploitation and injustice. B.) What it is: The peak phase is the highest point of the business cycle.It was a turning point after an economic expansion had slowed but before moving towards contraction.

It includes the political theories and movements associated with such systems.

B is the answer. 3. D.) Europe has a larger population concentration than Asia. D. Firms generate small but positive economic profits in the long run. Human relations skills involve the ability to work with people and understand employee motivation and group processes. However B was also true of many Germans and played a part in the rise of Adolph Hitler. Following are some of the basic and important characteristics which are common to all developing economies: An idea of the characteristics of a developing economy must have As firms are price takers and have to sell all their output at a predetermined industry price, thus they face a flat demand curve parallel to Which of the following statements is TRUE? Formal b. It is usually based on light industrial production. Question 5 . A. However, there are are 4 factors that are The reporting entity must control the future economic benefits. Factors Shaping Mercantilism: Some economic, political, religious and cultural factors were responsible for the emergence of mercantilism. The European population is much younger. Command economy is a form of economic system where production levels and rates are determined centrally by the government instead of demand-based production as like in case of market driven economy. b. it may lead to a loss of control over economic policies and Characteristics of Business 6 Basic Characteristics of a Business Organization. answer choices . The following is a characteristic of indirect tax - 1. Education is an Art b. The American Revolutionary War and French Revolution of the late 18th century shook the world with new possibilities of liberty and democratic rule. A. answer choices . It has a high standard of living.

In the boom part, the economy is trying to reach its maximum limit, and inflationary pressure is high, leading to an overheated economy. 41. The business (or trade) cycle refers to fluctuations in the level of national economic production. a. If a nuclear power plant is built, the surrounding land values will decline. Liberalism is the culmination of developments in Western society that produced a sense of the importance of human individuality, a liberation of the individual from complete subservience to the group, and a relaxation of the tight hold of custom, law, and authority. The impact and incidence are not on the same person. Human relations skills. Which of the following statements is true concerning the introduction of general purpose money into societies that have non-market economies? Damon. b.