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Engineering Economics

Engineering Economics
How long will it take money to double itself if invested at 5% compounded annually?

14.7 years
15.3 years
14.2 years
13.7 years

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Engineering Economics
What is the opposite of perfect competition?

Oligopoly
Monopoly
Monopsony
Oligopsony

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Engineering Economics
The declining balance method is also known as ______.

Double percentage method
Modified SYD method
Constant percentage method
Modified sinking fund method

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Engineering Economics
The ratio of current assets to current liabilities is known as

Current ratio
Debts ratio
Liquidity ratio
Acid-Test (or Quick) ratio

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Engineering Economics
What refers to the need, want or desire for a product backed by the money to purchase it?

Product
Demand
Good
Supply

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Engineering Economics
What is considered as the standard unit which forms the basis of a country’s domestic money supply?

Currency
Monetary unit
Foreign exchange
Cash or check

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