economics Mcqs
1. the national economy2. profit maximizing under perfect competition and monopoly3. application of economics4. the aggregate demand aggregate supply model5. surplus6. money interest rates and output7. average and total cost8. stabilization adjustment reform and privatization9. risks and diversification efficient market hypothesis10. the phillips curve11. supply and demand12. capital formation investment choice information technology and technical progress13. aggregate supply unemployment and inflation14. elasticity15. comparative gdp16. roots of modern macroeconomics17. production factors18. poverty malnutrition and income inequality19. trade regulations and industrial policies20. monetary union21. exchange rate systems and currency crises22. economic development in historical perspective23. exchange rate determination24. monopoly competition25. the balance of payments26. inflation productivity27. macroeconomic issues and analysis28. employment migration and urbanization29. macroeconomic policy tools30. supply side policies31. exchange rate adjustments and the balance of32. miscellaneous33. taxation34. trade policies for the developing nations35. markets efficiency and the public interest36. the external debt and financial crises37. budget deficits and the trade balance38. alternative theories of the firm39. public goods40. the meaning and measurement of economic development41. characteristics and institutions of developing countries42. agriculture irrigation system of pakistan43. education health and human capital44. economic problems of developing countries45. theories of economic development46. basic of economics47. consumer theory vs real consumers48. applied microeconomics49. long term economic growth50. externality internality51. fiscal and monetary policy52. prices wages taxes53. balance of payments aid and foreign investment54. international factor movements and multinational corporations55. entrepreneurship organization and innovation56. the international economy and globalization57. population and development58. non tariff trade barriers59. foundations of modern trade theory60. global economic development61. market62. rural poverty and agricultural transformation63. regional trading arrangements64. foreign exchange65. introduction to economics66. world economy miscellaneous67. sources of comparative advantage68. natural resources and the environment toward sustainable development69. monopoly70. asymmetric information71. income inequality72. labour market73. tariffs74. development planning and policy making the state and the market75. oligopoly76. industrial development77. costs supply and perfect competition78. human capital79. monetary fiscal and incomes policy and inflation80. stocks
5851. Embezzlement and fraud are two examples of_________________?
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A. property crimes

B. crimes against persons

C. white collar crime

D. organized crime

5852. World overpopulation could be prevented by_________________?
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A. the elimination of the demographic transition

B. a return to preindustrial medicine

C. zero population growth worldwide

D. natural change

5853. Total planned OR desired spending in the economy as a whole within a given period is called_____________?
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A. aggregate demand

B. excess demand

C. elastic demand

D. pent-up demand

5854. The Industrial Revolution was based on_______________?
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A. new sources power

B. all of the above

C. the discovery of new material

D. the invention of basic machines

5855. Deviance that has been exposed leads to______________?
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A. anomie

B. forgiveness

C. labeling

D. transmission

5856. Total laissez-faire is impossible because________________?
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A. the market is not equitable favoring those with more resources

B. the market makes no provision for protecting smaller participants

C. all of the above

D. the market does not provide for satisfying public needs

5857. The crude birthrate is the_________________?
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A. number of births a year in the world

B. the same as the fecundity rate

C. the same as the fertility rate

D. number of births per thousand people per year
5858. Symbolic analysts are_______________?
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A. employees capable of manipulating data words and visual images

B. people employed in new enterprises

C. psychologists with advanced degrees

D. only A and B
5859. Stressing the desirability of retaining each group,s cultural distinctiveness is part of the ideology of______________?
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A. ethnicity

B. melting pot

C. cultural pluralism

D. Anglo-conformity

5860. The Great Depression_________________?
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A. resulted from the greed of the robber barons

B. resulted from insufficient demand

C. was the worst case of massive unemployment

D. only B and C
5861. The largest number of Latinos come form_______________?
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A. Latin American

B. Mexico

C. Puerto Rico

D. Spain

5862. Futurist Alvin Toffler called his concept_______________?
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A. static shock

B. future shock

C. culture shock

D. myocardial shock

5863. Discriminatory behavior prompted by the knowledge that prejudice exists on a society wide level is called______________?
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A. institutional discrimination

B. personal discrimination

C. cultural discrimination

D. attitudinal discrimination
5864. The most likely factor to overcome the low status of a fathers occupation is______________?
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A. belonging to organized crime

B. hard work

C. religion

D. education
5865. Which is/are the policy option(s) to counteract business cycles ?
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A. Shift the supply curve

B. Shift the demand curve

C. All of the above

D. Do noting

5866. When peoples beliefs about the inferiority of a certain group undergo change the process is called________________?
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A. radical change

B. social change

C. cultural change

D. political change

5867. Which statements is FALSE ?
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A. The civil rights movement has raised black consciousness and helped decrease self hatred

B. Relations between blacks and whites are 100 percent improved

C. The black underclass finds itself in the situation of being a minority within a minority

D. Blacks still lag behind whites in life chances particularly in the economic sector

5868. According to Blau and Duncan occupational upward mobility is greatly influenced by______________?
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A. all of the above

B. the nature of the first job

C. the amount of education

D. occupation of the father

5869. In microeconomics the household is defined as_______________?
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A. the nuclear family

B. all of the above

C. everyone who lives under one roof

D. the extended family

5870. Censorship______________?
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A. gives a one-sided interpretation of an issue

B. is the same as propaganda

C. deletes all or parts of information

D. is the opposite of propaganda?

5871. Collective behavior favors social change because it_______________?
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A. none of the above

B. alters peoples perspective

C. prevents action

D. destroys group identity

5872. Most population experts_______________?
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A. have written off the Malthusian prophecy altogether

B. expect the growth rate to remain constant

C. expect population to level off at between 8 and 15 billion people

D. believe that a high fertility rate continues to be necessary in the developing nations

5873. Which of the following statements is true ?
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A. Most of the health problems associated with growing old pose serious problems by the age of 65

B. Young workers perform far better than elderly workers which is why employers prefer tham

C. A majority of the elderly live in nursing homes

D. none of the above
5874. A social movement which becomes a formal organization is said to have undergone________________?
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A. incorporation

B. cooptation

C. bureaucratization

D. oligarchization

5875. Need and demand________________?
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A. are closely related to price

B. amount to the same thing

C. are unrelated concepts

D. are closely related to supply

5876. The first airplane was a (n)________________?
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A. discovery

B. miracle

C. invention

D. diffusion

5877. Population density may be defined as_________________?
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A. the ability of a square foot of land to feed a number of people

B. the number of people to a land area

C. the density of a compound group

D. the number of births and deaths per year

5878. Negative life chances correspond to__________________?
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A. lack of desire for an education

B. a high position in the stratification system

C. lack of talent

D. a low position in the stratification system
5879. A corporation________________?
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A. has the advantage of being able to accumulate vast amounts of capital in a short period of time

B. can afford to pay for the latest research and technology

C. is a public institution

D. all of the above
5880. The inordinate growth of government is a side effect of________________?
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A. government intervention in the economy

B. the willingness of individuals to give up traditional freedoms

C. the political apathy of public

D. the increasing poverty of individual states

5881. Future generations will have to pay interest on the current debt because______________?
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A. the U.S government never borrows money from foreign governments

B. it takes a long time to pay off debts

C. none of the above

D. budget deficits are funded with borrowed money
5882. Which is NOT Third World nation ?
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A. Burkina Faso

B. China

C. Ethiopia

D. Zimbabwe

5883. Agriculture in industrial nations is now based on_________________?
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A. increase in rural population

B. artificial food production

C. many small farmers

D. greater productivity of farms because of mechanization
5884. How are decisions about production made in a market economy ?
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A. By a command system

B. According to tradition

C. Through a price system

D. By executive fiat

5885. The view that inequality is based on the corrupting and divisive actions of institutions is part of the ideology of_______________?
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A. structural functionalism

B. social Darwinism

C. classical conservatism

D. classical liberalism
5886. The Department of Health and Human Services has summarized the correct mix of goods and services through ?
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A. 165 social indicators

B. the consumer price index

C. market basket of goods

D. the externalities index

5887. Male dominance is expressed_____________________?
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A. in spite of ours being an egalitarian society

B. all of the above

C. by the frequent instances of sexual harassment on the job

D. for the lack of wage parity

5888. Which of the following is a social order crime?
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A. Public drunkenness

B. Premeditated murder

C. Rape

D. Burglary

5889. Most researchers today use only two approaches to determine social class They are the_______________?
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A. occupational prestige and socioeconomic status(SES)

B. reputational approach

C. subjective approach

D. life style approach

5890. For many second and third generation immigrants ethnic background is less a focus of identity than______________?
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A. religion

B. residence

C. race

D. social class

5891. The jobs of the future will include______________?
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A. All but A

B. steel workers

C. routine services

D. personal services

5892. When considering the role of morality in foreign policy analysts observe that_____________?
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A. the different nations of the world have the same values when it comes to treaties

B. none of the above

C. each nation has different standards as to what is proper behavior and values

D. there are no restrictions in reaching agreements with other nations

5893. The instrumental role was traditionally assigned to______________?
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A. females

B. males

C. the old

D. children

5894. Where one stands in the social hierarchy is intimately related to________________?
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A. only B and C

B. how one performs one,s job

C. how much stress one experiences

D. how long one lives

5895. Which of the following is NOT true of minority groups ?
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A. They are aware of a common group identity

B. They are not aware of their minority status

C. They are recognizable by their visible ascribed traits or cultural customs

D. They are subject to differential treatment

5896. When a business has multiple absentee owners with limited liability it is a_____________?
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A. trust

B. proprietorship

C. partnership

D. corporation
5897. The Federal Reserve Bank regulates the money supply by__________________?
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A. buying and selling government securities

B. the discount rate it charges member banks

C. establishing minimum reserve requirements of member banks

D. all of the above
5898. Crimes that are tolerated more than others because they seldom include violence include_______________?
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A. data rape

B. all but B

C. copyright infringement

D. price fixing

5899. Both fiscal and monetary policies focus on____________________?
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A. the supply side of the market

B. the demand side of the market

C. both sides of the market

D. the global market

5900. Some of the restrictions as work in a market include________________?
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A. income for labor

B. prices of goods and services

C. prices of resources for firms

D. all of the above