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
6051. The greatest problem with capital punishment is that________________?
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A. it is a cruel way to end someones life

B. sometimes an innocent person is put to death

C. only God has the right to kill

D. many witnesses lie

6052. Death rates are highest in_______________?
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A. Turkey

B. Britain

C. Thailand

D. tropical African
6053. In economic terms incomes are distributed according to________________?
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A. whom one knows

B. a persons marginal productivity

C. innate talent

D. which skills one has

6054. The civil rights movement in the United States was a_________________?
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A. change resistant movement

B. nationalistic movement

C. reform movement

D. ethical movement

6055. The difficulty with fighting terrorism is that_________________?
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A. terrorists have differing goals

B. all of the above

C. terrorists have no single ideology

D. terrorism is a transnational problem

6056. Ethnic groups are based on_________________?
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A. eye shape

B. genes

C. common customs and /or identities

D. skin color

6057. When old rules and laws are ignored, and rebellious crowds set up new rules of behavior social scientists call this situation________________?
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A. convergence

B. coup d,etat

C. collective behavior

D. revolution
6058. Rates of poverty tend to be highest among_______________?
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A. Female headed households

B. all of the above

C. minorities

D. children

6059. What percentage of the earths people live in high-income areas ?
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A. 15%

B. 45%

C. 3%

D. 50%

6060. The Black movement to the urban North from the rural South was similar to______________?
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A. the arrival of the Cuban middle class after Castro

B. moves of professionals from New York to Los Angeles

C. immigration from Europe

D. the experience of the American Indians

6061. Collective behavior is often precipitated by__________________?
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A. anomaly

B. rapid social change

C. fear of the future

D. deviant behavior

6062. When confronted with evidence contrary to their beliefs prejudiced persons will______________?
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A. refuse to change the original judgment in spite of evidence to the contrary

B. apologize to the victim of their prejudice

C. suspend judgment until more evidence is found

D. change their judgment to conform to new evidence

6063. The government can curb excessive aggregate demand(inflation)by_________________?
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A. decreasing taxes on consumers

B. decreasing taxes on firms

C. none of the above

D. increasing spending

6064. Population began to increase steadily________________?
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A. with improvements in agriculture technology and medicine

B. in the 17th century when agriculture technology and medicine

C. by around the middle of the 18th century

D. in the Bronze Age

6065. Billy Graham,s religious revival meetings are an example of_________________?
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A. social movements

B. spiritual awakening

C. expressive crowds

D. people, s fear of the unknown

6066. The categories used by researchers to pigeonhole people into social classes__________________?
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A. reflect the common -sense self-ratings of individuals

B. adequately reflect the complexity of the American class system

C. indicate that there are two classes the working class and the middle class

D. tend to be arbitrary and artificial
6067. What were guilds ?
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A. A type of money used in the Middle Ages

B. Organizations dating back to the 10th century

C. Only b and c

D. Kinds of labor unions

6068. Some of the advantages of a market economy include ?
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A. economic output is distributed to those who can pay the price

B. all participants get some satisfaction

C. scarce resources are put into goods that are in demand

D. all of the above
6069. The rate of change for most of human history has been________________?
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A. unchanged

B. rapid since the beginning of history

C. slow because people are creatures of habit

D. slow until the Industrial Revolution then rapid
6070. Psychosomatic illness entails____________?
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A. bodily ailments creating mental disorder

B. all of the above

C. purely imaginary physical problems

D. anxiety or emotional tension producing physical symptoms
6071. If a janitor got a job as a security guard because it was closer to home he would be experiencing_______________?
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A. inter structural mobility

B. horizontal mobility

C. vertical mobility

D. intragenerational mobility

6072. Another name for cultural transmission theory is______________?
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A. differential association theory

B. labeling theory

C. innovation

D. anomie

6073. Which of the following is a criticism of Marxist theory ?
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A. inequality is a motivating force for people to rise in the stratification system

B. Everyone is talented equally

C. Democracy delivers equality better than Marxism does

D. Marxism tries to explain all social problems
6074. Max Weber believed that_______________?
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A. societies should have at least three classes

B. property was the only determinant of class

C. class is closely related to life chances

D. class was based on exploitation of the masses

6075. In C.Wright Mill,s view what group constitutes an elite ?
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A. The corporate rich only

B. High ranking military officers only

C. The military-industrial-governmental complex

D. Church leaders and educators

6076. The study and comparative analysis of preliterate societies is one of the chief concerns of______________?
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A. anthropology

B. sociology

C. psychology

D. history

6077. Americans proclaim the need for honesty but cheat on their tax returns This situation indicates that_____________?
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A. the overt culture is consistent

B. there is no covert culture in the United States

C. Americans often follow a covert culture in actual behavior

D. people are only human

6078. Political parties link_____________?
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A. extremists to government

B. PACs to Congress

C. heterogeneous groups to coalitions

D. all of the above

6079. According to the cultural transmission theory deviance is learned through________________?
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A. genetic inheritance

B. all of the above

C. close association with deviants

D. being labeled as deviant

6080. Types of survey data include_______________?
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A. personal interviews

B. previously gathered statistical information

C. all of the above

D. naires

6081. Studies of delinquent gangs indicate that____________?
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A. gangs are useful for society

B. gangs have no norms

C. none of the above

D. gang norms are substituted for societys norms in some cases
6082. Democratic capitalism means that________________?
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A. the economy is regulated through legislation and taxation

B. all property belongs to the government

C. the individual is free to do anything as long as he/she has money

D. losers totally destroyed

6083. The Superego of Freud,s theory is similar to Mead,s ?
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A. libido

B. generalized other

C. l

D. me

6084. A totalitarian regime______________?
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A. exhibits a centralized control of the economy

B. controls the mass media

C. all of the above

D. contains secret police

6085. The concept of deviance refers to________________?
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A. going in the wrong direction

B. departure from social norms

C. bad manners

D. reversing one,s opinion

6086. A modified version of elitist theory holds that_______________?
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A. elites vary in their degree of openness

B. elite members identify with middle-class values

C. the masses can on occasion influence the elite

D. all of the above
6087. Communism emerged as an ideology in reaction to conditions following____________?
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A. starvation in Ireland

B. the Industrial Revolution

C. the French Revolution

D. the Protestant Reformation

6088. The research method in which the researcher controls one variable and observes and records the results is called_____________?
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A. case study

B. social research

C. observation

D. experiment
6089. The five pivotal institutions are__________________?
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A. the economy medicine family religion and education

B. the family the economy government the military and education

C. the military religion government family and education

D. the economy government religion family and education
6090. The classic textbook model of democracy is referred to as the__________________?
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A. referendum model

B. majoritarian model

C. Lockean model

D. Madisonian model

6091. Marx,s view of social class is that______________?
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A. private ownership of the means of production perpetuates class divisions

B. the bourgeoisie will eventually triumph

C. religion helps fight social inequality

D. talented people will always rise to the top

6092. If culture is comparable to a script for a play then______________?
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A. the economy may be compared to the director

B. society may be compared to a troupe of actors

C. individuals may be compared to playwrights

D. social scientists may be compared to stage hands

6093. The market system consists of planning by__________________?
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A. tradition

B. command

C. inducement

D. direction

6094. Bureaucracy and extensive social differentiation initially occur in the historical transition from_____________?
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A. pastoral to horticultural society

B. agricultural to industrial society

C. hunting and gathering to pastoral society

D. horticultural to agricultural society
6095. Which is NOT an aim of the process of socialization ?
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A. To transmit skills important in the society

B. To teach infants the fundamentals of life in society

C. To teach infants to sit stand walk and run in that order

D. To instill societal aspirations

6096. The term constitutional is reserved to describe________________?
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A. a government that is no subject to restraints on political power

B. a government that operates in accordance with general rules and limitations

C. a government that acts arbitrarily

D. an agreement or treaty in written form

6097. Sapir and Whorf believe that______________?
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A. the structure of a language shapes a people view of the world

B. preverbal communication is more important than verbal

C. languages are limited to the number of words for any given object

D. language has no part in mental attitudes

6098. The smallest group is constituted by the________________?
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A. monad

B. quadrad

C. dyad

D. triad

6099. To some degree according to some research heredity determines_____________?
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A. leadership abilities

B. sociability

C. the ability to control impulses

D. all of the above
6100. Corporations and labor unions_____________?
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A. may establish their own PACs

B. cannot contribute to congressional candidates

C. can give soft money to a national party for state and local campaigns

D. may use union or corporate funds to administer PACs

E. all of the above