MCQ Academy - English
Free Online MCQ Practice Tests in English
Popular Quiz Papers
Latest Quizzes
The opportunity cost of receiving ten dollars in the future as opposed to getting that ten dollars today is:
Correct answer(s):
- The foregone interest that could be earned if you had the money today
Scarce resources are ultimately allocated toward the production of goods most wanted by society because:
Correct answer(s):
- Firms attempt to maximize profits
As more firms enter an industry
Correct answer(s):
- Economic profits decrease
The primary inducement for new firms to enter an industry is:
Correct answer(s):
- Presence of economic profits
Which of the following signals to the owners of scarce resources are the best uses of those resources?
Correct answer(s):
- Profits of businesses
Which of the following is an implicit cost of going to college?
Correct answer(s):
- Foregone wages
Which of the following is an implicit cost to a firm that produces a good or service?
Correct answer(s):
- Foregone profits of producing a different good or service
Economic profits are:
Correct answer(s):
- Total revenue minus total opportunity cost
Accounting profits are:
Correct answer(s):
- Total revenue minus total cost
What is the antonym of “Gloomy”
Correct answer(s):
- Bright
What is the synonym of “Exhausted”
Correct answer(s):
- Drained
____ glass is, for all practical purposes, a solid, its molecular structure is that of a liquid.
Correct answer(s):
- Although
The intellectual can no longer be said to live ____ the margine of society.
Correct answer(s):
- beyond
If a substance is cohesive, it tends to –
Correct answer(s):
- stick together
He stopped his car ____ when the light turned red.
Correct answer(s):
- abruptly
If the interest rate is 10% and cash flows are $1,000 at the end of year one and $2,000 at the end of year two, then the present value of these cash flows is?
Correct answer(s):
- $2,562
The higher the interest rate:
Correct answer(s):
- The smaller the present value of a future amount
What is the analogy of EXCITE : CALM?
Correct answer(s):
- stimulate : cool down
Waht is the analogy of DELAY : EXPEDITE?
Correct answer(s):
- detain : dispatch
What is √9?
Correct answer(s):
- 3