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
5901. Terrorist groups differ from liberation organizations in that_______________?
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A. they do not organize the masses on a large scale

B. they tend to hide in rural areas

C. their leaders are well known

D. only terrorists take credit for bombing museums

5902. Craftsmen foremen secretarys office workers belong to the________________?
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A. middle-middle class

B. upper-middle class

C. working class

D. new class

5903. Today physicians the clergy and lawyers have difficulty dealing with test tube babies and surrogate motherhood We could say that they are grappling with_________________?
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A. cultural lag

B. cultural change

C. cultural conflict

D. cultural advancement

5904. The shift toward tertiary sector jobs has_______________?
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A. All of these

B. eliminated hardcore unemployment

C. established a general trend toward the professionalization of everyone

D. reduced the need for unskilled or semi-skilled workers
5905. When cars are offered at low prices but people still do not buy them the situation is one in which______________?
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A. demand is inelastic

B. demand is elastic

C. exchange takes place

D. there is aggregate demand

5906. What is the basis of racist ideology ?
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A. An invention of European colonial governments

B. Social Darwinism applied to religious beliefs

C. The New Testament

D. An inaccurate interpretation and social application of Darwin,s theory of evolution
5907. Criticisms of structural functionalism include_______________?
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A. all of the above

B. who says that a football player is more important than a college professor?

C. is a stable society better than an unequal society?

D. sons of talented persons are privileged even if they themselves lack talent

5908. One of the perceived advantages of suburban living is_______________________?
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A. larger variety of cultural resources

B. concentration of apartments

C. greater safety from crime

D. older more gracious housing

5909. When a predominantly foreign government is overthrown the revolution is called_______________?
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A. class

B. fascist

C. nationalistic

D. alternative

5910. What is meant by the public sector ?
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A. Economic activities in which self-interest makes for personal affluence

B. Economic activities open to the public

C. The goals of the society

D. Economic activities in which the government engages for the public good
5911. Exceptions to the circular flow are__________________?
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A. incidentals

B. B and C only

C. withdrawals

D. injections

5912. Which is true ?
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A. All of the above are true

B. Downsizing has created a new style of employment

C. Blue-collar workers have suffered layoffs

D. Productivity has increased in the decade of the 1990

5913. Two nations with a low street -crime rate are________________?
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A. Honduras ans Mexico

B. Switzerland and France

C. Japan and Finland

D. Germany and Austria

5914. The SMSA is based on____________________?
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A. one or more counties containing at least one city of 50,000 residents or two cities totaling 50,000

B. a city of at least 100,000 residents and its suburbs

C. a town smaller than 2500 residents

D. a town of 10,000 and surrounding counties

5915. The price system is based on_______________?
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A. the command of a ruler

B. a government plan

C. consumer demand

D. tradition

5916. Global inequality is evident in_______________?
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A. the size of families

B. per capita

C. all of the above

D. the items rich countries throw out

5917. The purpose of the Monroe Doctrine was_______________?
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A. to warn European powers to keep away from the Western Hemisphere in return for U.S nonintervention in Europe

B. to let the world, know who the superpower is

C. to warn the Japanese to steer clear of the Caribbean in exchange for U.S non-intervention in Afghanistan

D. to conquer the Soviet regime and attach Siberia to the United States

5918. Environmental pollution is the result of_________________?
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A. dysfunctions in the earth,s atmosphere

B. human actions that have harmful consequences

C. unknown bacteria and viruses

D. ignorance on the part of the underdeveloped nations

5919. Which status is in transition and difficult to classify in corporate relationships ?
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A. CEO

B. Foreman

C. Stock holder

D. Union official

5920. Without stabilized prices_______________?
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A. product market demand is problematic

B. the distribution of income becomes more inequitable

C. resource market demand is problematic

D. all of the above
5921. Collective behavior is_______________________?
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A. based on regular norms

B. well planned

C. rather unstructured

D. individual behavior multiplied

5922. Deviance that is covered by the laws of a society is called______________?
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A. differentiation

B. crime

C. anomie

D. alienation

5923. In a developing nation people start to obtain good jobs Then inflation cuts their income the people begin to feel_________________?
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A. euphoria

B. a failure of rising expectations

C. relative deprivation

D. depression

5924. Globalism___________________?
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A. attracts young idealistic people who want to introduce a world government

B. is a movement aimed at pulling African nations into a world economy?

C. refers to the fact that capitalism has become the economic system of choice around the world

D. is a movement of religious zealots who want to introduce a common religion around the world?

5925. Womens rate of diagnosed depression is__________________?
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A. twice as high as mens

B. similar in duration to that of men

C. the same as mens

D. half that of men

5926. Conflict theorists view stratification systems as______________?
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A. resulting from class struggles

B. effects of the law of nature

C. mechanisms of coercion

D. BOTH coercive and resulting from class struggles
5927. Income received by households that is not returned to firms is called_______________?
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A. incremental

B. dissavings

C. injections

D. withdrawals
5928. Reform movements_________________?
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A. aim to change the entire society

B. may be progressive or reactionary

C. substitute one ruling class for another

D. are more successful in authoritarian than in democratic societies

5929. Among the causes of violence the most probable is/are___________________?
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A. a street ethic that requires young men to commit murder to prove their manhood

B. violence presented as entertainment by the media

C. poverty drugs and hopelessness

D. a shocking decline in moral standards

5930. Stratification occurs societies that have a____________?
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A. capitalistic system

B. equality

C. surplus

D. shortage of everything

5931. Resources are defined as______________?
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A. everything found in the ground

B. everything that is made by people

C. none of the above

D. everything needed for the production of goods and services including human energy
5932. When the supply and demand curves intersect the final lasting price is achieved This is called_____________?
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A. clearance price

B. equilibrium price

C. pressure price

D. a buyers market

5933. The transition from rural living to city living occurred because_______________?
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A. there was less need for farm workers as agriculture became mechanized

B. factories were concentrated in cities

C. social change dictated a new fad urban living

D. of BOTH a decrease in the need for farm workers and the fact that factories were located in cities
5934. Royal Dutch Shell Oil Co has branches in Holland Britain the United States and France This kind of corporation is called__________________?
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A. closed

B. multinational

C. monopolistic

D. restricted

5935. Psychologists researching the causes of prejudice have found that_______________?
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A. it may have an evolutionary origin

B. it is caused by anger

C. all of the above

D. it is directed at a target from a different group

5936. CEO stands for_______________?
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A. Caribbean Entrepreneurs Office

B. chief executive officer

C. capital employment outlay

D. clear everybody out

5937. In stratified societies categories of people are ranked by________________?
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A. none of the above

B. food is hoarded by a few

C. food is shared by all

D. hunting lacks prestige

5938. Classification of human races is_____________________?
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A. restricted to skin color

B. clear-cut

C. done according to physical appearance

D. vague because of overlap of traits
5939. In most societies male dominance is evident through ?
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A. the small number of legislators who are women

B. the sexual harassment situations in the military and other work places

C. the differences is pay for the same job

D. all of the above
5940. Premeditated politically motivated violence perpetrated against noncombatant targets by subnational groups or clandestine agents is the definition of_________________?
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A. revolution

B. coups d,etat

C. terrorism

D. social movements

5941. Social scientists are interested in collective behavior because it is________________?
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A. not tied to social factors

B. so predictable

C. reflective of purely animal behavior

D. often the basis of important social change
5942. Ageism asserts that___________________?
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A. wisdom accompanies advancing age

B. life begins forty

C. each stage of life has its own rewards

D. the young are superior to the old
5943. When one culture borrows traits from another culture the borrowing culture tends to be________________?
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A. selective in borrowing

B. nonselective in borrowing

C. gullible and impressionable

D. grateful

5944. Craft unions differed from industrial unions in that they______________?
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A. Welcomed minorities

B. Were horizontally organized

C. Were socialist

D. All of the above

5945. Women first assumed subordinate roles when they_________________?
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A. stayed home when men hunted

B. left home to gather food

C. ceased to gather the majority of the food supply

D. assumed primary child-care responsibilities

5946. Suburban growth was based on___________________?
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A. expensive suburban property

B. movement of factories out of the cities

C. wartime industrial expansions

D. the development of automobile travel
5947. It has been found that disengagement is usually________________?
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A. often forced

B. very voluntary

C. never forced

D. rarely enforced

5948. Which are the dimensions of stratification ?
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A. Family background attractiveness wealth

B. Talent service goodness

C. Caste estate feudalism

D. Class status and power
5949. Which statement appears to be most correct__________________?
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A. in a marriage spousal role are egalitarian

B. gender roles have been reversed

C. sex roles are blurred

D. housekeeping and childcare are still considered womens work
5950. Foreign policy decisions may be categorized into those that are________________?
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A. general

B. all of the above

C. administrative

D. crisis