In economics, the pleasure, happiness, or satisfaction received from a product is called——–?
A. Marginal cost
B. Rational outcome
C. Status fulfilment
D. Utility
CDEO Past Paper
When economists say that people act rationally in their self interest, they mean that individuals———-?
A. Look for and pursue opportunities to increase their utility
B. Generally disregard the interests of others
C. are mainly creatures of habit
D. are unpredictable
According to Emerson: “Want is a growing giant whom the coat of Have was never large enough to cover.” According to economists, “Want” exceeds “Have” becuase:
A. People are greedy
B. Productive resources are limited
C. Human beings are inherently insecure
D. People are irrational
According to economists, economic self-interest:
A. is a really that underlies economic behavior
B. has the same meaning as selfishness
C. is more characteristics of men than of woman
D. is usually self-defeating
Resources in an economy?
A. Are always found
B. Can never decease
C. Always increase over time
D. Are limited at any moment in time
When sociologists study the structure of layers in society and people’s movement between them, they call this———?
A. Social Stratification
B. Social control
C. Social conflict
D. Social solidarity
International human solidarity day is observed annually on——-?
A. 20 December
B. 10 November
C.14 August
D. 23 March
Positivism was first proposed by———-?
A. Augustus Comte
B. Emily Durkheim
C. Herbert Spencer
D. None of these