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Terminology Online Test MCQs With Answers
Question # 1
FMCT stand for:
Choose an answer
Fossil Material cut-off Treaty
Fissile Material Cut-off Treaty
Fissile Cure-off Treaty
Fissile Material Cut-off Terms
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Question # 2
What is the effect the economy if reducing involuntary unemployment?
Choose an answer
It helps the economy move on to the Helps shift the economy move on to the Production Possibility Frontier
Helps shift the economy's production Possibility Frontier out wards
Helps the economy move along its Production possibility Frontier
Helps the economy Frontier
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Question # 3
Monopoly is when there is a single:
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Seller
Market
Buyer
Game
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Question # 4
who among the following is associated with the Iron Law of Oligarchy?
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Michels
Mosca
Mills
Laski
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Question # 5
A multinational business:
Choose an answer
Sells products abroad
Produces in more than one country
Imports form abroad
Sells only domestically
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Question # 6
One in which people's economic affairs can take place freely but are subject to some government intervention and regulation:
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Traditional economy
Command economy
No such thing
Mixed economy
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Question # 7
What does the term''contingency workforce'' mean?
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Employees who work on whatever tasks are most essential at that moment
Employees who are expected to travel a great deal for their employers
Temporary employees who are hired for only as long as they needed
None of these
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Question # 8
According to the utility model of consumer demand the law of diminishing marginal utility indicates that the demand curve is:
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Downward sloping
U-shaped
Upward sloping
Vertical
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Question # 9
The concept of premium applies to a person that is:
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Risk loving
Risk averse
Risk neutral
None of them
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Question # 10
Blue Revolution is related to:
Choose an answer
Space research
Poultry
Fisheries
Drinking water
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Question # 11
What does stesso mean?
Choose an answer
Same
more motion
stop
quicker
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