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
6001. Switzerland is an example of nation that______________?
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A. displays no self-interest

B. looks out for its own interests only

C. wishes to absorb other nations

D. plans to enlarge its power over other nations

6002. The decline of unskilled factory jobs has increased black unemployment The situation is a result of______________?
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A. individual discrimination

B. nature of life

C. structural discrimination

D. personal discrimination

6003. Urbanism is defined as________________?
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A. the migration of people from rural to urban centers

B. a set of attitudes and a way of life distinct from the rural

C. the study of the growth and decline of populations

D. the growth of cities and suburbs at the expense of rural areas

6004. In order to raise the GNP and the GDP per capita one must____________?
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A. earn more money

B. increase absenteeism

C. increase productivity

D. decrease productivity

6005. A population pyramid shows__________________?
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A. sex and age distribution within a population

B. the relation between population growth and food supply

C. the ratio between a nation,s standard of living and its population density

D. the relation between population and land area

6006. Japans lean production method is modeled on a system worked out at_______________?
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A. Toyota Motors

B. Mazda Motors

C. Mitsubishi Motors

D. Nissan Motors

6007. Which perspective assumes that actors other than states are also important and s whether states are unitary actors ?
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A. Realism

B. Globalism

C. Idealism

D. Pluralism
6008. What forces prices down ?
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A. Elastic demand

B. Inelastic demand

C. Large consumer purchasing power

D. Inferior products

6009. Women are a minority group insofar as_______________?
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A. all of the above

B. they control few resources

C. they are treated unequally and are aware of their minority status

D. they are residentially segregated

6010. Overpopulation can result in________________?
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A. price stability

B. environmental damage

C. higher literacy

D. increased public services

6011. Which is NOT a type of social differentiation ?
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A. Ethnicity and race

B. Stratification

C. Sex and age

D. Head shape and eye color
6012. The trend toward early retirement seems to be______________?
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A. the inevitable outcome of modernization

B. none of the above

C. a reasonable response to the declining intellectual performance that occurs after age 55

D. irreversible

6013. Public opinion is associated with_______________?
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A. primary groups

B. face-to-face-communication

C. mass society

D. emergent norms

6014. Power is defined by Max Weber as the ability to__________________?
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A. gain consent

B. be the strongest in mind and body

C. do as one pleases

D. carry out one,s wishes in spite of resistance
6015. By advocating the acquisition of more androgynous roles by both men and women what is meant is that________________?
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A. we should combine male and female sex-typed traits

B. we should adopt passive roles

C. bisexuality should be the norm

D. we should adopt blurred ill-defined roles

6016. When the public perceives that the government has failed the state may be said to be undergoing________________?
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A. revolution

B. involution

C. a crisis of confidence

D. a crisis of legitimacy
6017. White -collar crime_____________?
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A. is punished more severely than blue-collar crime

B. gains small amounts of money for its perpetrators

C. is based on violence

D. is very costly to society
6018. The feminization of poverty refers to________________?
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A. an equal number of men and women being poor now

B. the fact that most men are rich

C. the fact that female-headed households are usually poor

D. the fact that women are more blessed than men in spite of poverty

6019. In Africa many children are_________________?
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A. detested by non-Catholics

B. sings of a good harvest

C. symbols of disgrace

D. social security for the future of the parents
6020. Conflicts between the dominant group and minorities develop because_________________?
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A. minorities perceive themselves as different

B. minorities are perceived as different

C. the dominant group has coercive power

D. all of the above
6021. The intended consequences of advertising is to__________________?
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A. increase consumption

B. create demand

C. All of the above

D. create brand awareness and direct consumption

6022. A way of calculating the total output of the economy regardless of where resources are located is________________?
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A. the NNP

B. the GNP

C. the SPQR

D. the GDP

6023. The result of executive officers sitting on several corporate boards is________________?
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A. interlocking directorates

B. trusts

C. restraint of trade

D. oligopolies

6024. Extraction of raw materials occurs in which sector of the economy ?
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A. Quaternary

B. Tertiary

C. Primary

D. Secondary

6025. Which is NOT a characteristic of crowd behavior ?
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A. Individuals totally shed their identity

B. Development of a common mood

C. Temporary

D. Behavior according ti previously established norms

6026. Poverty is related to_______________?
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A. lack of work ethic

B. patterns of prejudice and technological change

C. technological changes only

D. discrimination only

6027. The term prejudice implies that_________________?
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A. one makes a judgment before having all the facts

B. one refuses to change one,s mind even when confronted by facts

C. one takes action against minorities

D. ones judgments are BOTH preconceived and unchangeable
6028. Form the dawn of history through the development of agriculture______________?
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A. men and women participated in a sex-based division of labor

B. human infants and their mothers had to protected

C. males were assigned hunting and other dangerous tasks

D. all of the above
6029. Armenia Georgia and Azerbaijan are_____________________?
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A. Asian nations

B. Baltic nations

C. African nations

D. Slavic nations

6030. The most recent social movements________________?
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A. are community and locality based?

B. attract the underclass rather than the working class

C. focus more on economic issues

D. none of the above
6031. The crude birthrate is________________?
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A. the number of male births per 1000 people per country per year

B. an important demographic concept

C. the rate at which the elderly die in any given year

D. the rate at which infants survive past their first year

6032. Firms sell their products in________________?
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A. factor markets

B. abstract markets

C. product markets

D. resource markets

6033. The modern approach to studying social classes based on several dimensions of the stratification system is the______________?
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A. TES

B. SES

C. BES

D. CES

6034. Crowds may engage in unpredictable behavior because_______________?
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A. they are temporary

B. individuals can remain anonymous

C. individuals are unpredictable

D. BOTH they are temporary, and individuals are anonymous
6035. A condition of normlessness and separation from legitimate modes of behavior is termed___________?
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A. trauma

B. alienation

C. anomie

D. anomaly

6036. The highest percentage of humans live in________________________?
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A. China

B. Russia

C. the U.S

D. India

6037. The three most important nations in Asia are_______________?
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A. Japan India China

B. Hong Kong Macao Bali

C. Taiwan Indonesia Tibet

D. Singapore South Korea and Malaysia

6038. Modernization means that a society becomes________________?
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A. industrial

B. agricultural

C. affluent

D. democratic

6039. A modern definition of class maintains that social class is constituted by____________?
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A. categories of people set up by governments

B. people especially endowed by nature

C. the owners of the means of production

D. persons who have similar forms of power prestige or wealth
6040. People who suffer from status inconsistency__________________?
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A. usually do not worry about it

B. tend to suffer more frustration and dissatisfaction than those whose status is consistent

C. willingly accept a lower status in return for social recognition

D. work hard to accumulate wealth to make up for it

6041. The nation that social institutions reinforce and legitimize class division is derived from___________?
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A. Max Weber

B. Adam Smith

C. Emile Durkheim

D. Karl Marx
6042. Which nation state has reached zero population growth ?
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A. Iran

B. the United States

C. Turkey

D. Zimbabwe

6043. Violent crowd behavior______________?
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A. is generally random

B. is usually temporary

C. always goes against the wishes of individual members

D. has no limits in its antisocial nature?

6044. Inequality has been explained as______________?
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A. being part of the law of nature

B. serving the needs of society

C. resulting from the struggle for goods and services in a society

D. all of the above
6045. Liberals and conservatives agree to some extent that economic goals should include________________?
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A. adequate economic growth

B. price stability

C. all of the above

D. full employment

6046. Supply-side theories claim that__________________?
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A. business cycles are caused by insufficient supply

B. an increase in aggregate supply causes output and employment to decline

C. none of the above

D. a decline in aggregate supply is responsible for economic downturns
6047. Present theories of stratification__________________?
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A. answer the of what causes inequality

B. agree that inequality is an evil

C. offer ways to end inequality

D. offer two different ways of looking at inequality
6048. Demand and supply are________________?
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A. causes of inflation

B. market forces

C. key economic indicators

D. thesis and antithesis

6049. The factory system_________________?
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A. was introduced when it became convenient to house both workers and machinery under one roof

B. gave more power to the employers called entrepreneurs

C. was an American invention popularized through cultural diffusion

D. resulted from BOTH the convenience of housing workers and equipment together and gave more power to the entrepreneurs
6050. The following people enjoy both status and wealth in our society______________?
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A. physicians

B. professors

C. ministers

D. research scientists