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
6351. Laissez-faire is a policy that appeals to_______________?
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A. political freethinkers

B. political liberals

C. political independents

D. political conservatives
6352. The exchange system is based on_______________?
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A. supply and demand

B. lack of labor

C. government reaction

D. goods and service

6353. Symbols differ from signals in that______________?
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A. symbols are intrinsically meaningful

B. symbols are biologically determined

C. symbols have universal meaning

D. none of the above
6354. Deviance is relative because ____________?
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A. moralists prefer the term immorality

B. the definition of social norms varies by culture and subculture

C. no two people agree what deviance is

D. psychologists prefer the term abnormality

6355. Material objects found in nature are called_______________?
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A. capital

B. labor

C. land

D. time

6356. The treatment of mental illness based on rewards and punishment is referred to as_____________?
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A. chemotherapy

B. hypnotherapy

C. shock therapy

D. behavior therapy
6357. The relationship of the mass media and politicians can be described as_________________?
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A. media subversion of government

B. political control of the media

C. symbiotic and adversarial

D. nonexistent

6358. The price system_______________?
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A. is equitable

B. only B and C

C. rations products among consumers

D. allows wealthy consumers to obtain more products

6359. The capacity of a nation to use its resources to affect the behavior of other nations is a definition of________________?
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A. diplomacy

B. power in the context of international relations

C. foreign policy

D. international law

6360. Today most workers in the United States are employed in the_________________?
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A. quaternary sector

B. secondary sector

C. tertiary sector

D. primary sector

6361. Personality must be considered as________________?
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A. more a function of heredity than anything else

B. role demands

C. a result of biology alone

D. interplay between environment and learned behavior
6362. A mother who says If you hang out with bums you will become a bum favors which theory of deviance ?
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A. Labeling theory

B. Differential association

C. Anomie

D. Gang imitation theory

6363. According to the text the following people were/are deviant ?
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A. Mozart

B. The Hell,s Angels

C. People with high IQs

D. Joan of Arc

6364. Manipulation of taxation and spending levels is______________?
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A. monetary policy

B. fiscal policy

C. incomes

D. revenue policy

6365. Ideologies____________?
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A. direct people to act in a certain way

B. always abhor fanaticism

C. never distort the truth

D. refer to the study of ideas

6366. Descriptive statistics_______________?
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A. allow researchers to test hypotheses

B. convey information about central tendency

C. convey information about atypical behavior

D. permit researchers to generalize from samples

6367. A major criticism of Fred,s theory is__________________?
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A. his overemphasis on adulthood

B. none his theory is widely accepted

C. his overemphasis on early childhood

D. his stress on the spiritual facet of personality

6368. The marginal productivity of labor_________________?
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A. all of the above

B. is a political as well as economic issue

C. concerns wage rates and labor supply

D. is complicated by overlapping labor markets

6369. The favorable evaluation of presidents is based on______________?
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A. strict adherence to the written Constitution

B. dynamic political leadership

C. the caretaker role

D. the teflon principle

6370. The from of interaction that occurs when two or more individuals try to possess a scarce object or value is_____________?
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A. competition

B. coercion

C. violence

D. contest

6371. An individual learns to be a human being by______________?
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A. in our society watching television

B. cosmic influences

C. instincts

D. socialization
6372. In theory communism calls for______________?
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A. abolition of private property

B. the creation of a new ruling class

C. intense nationalism

D. military expansionism

6373. A group way of life lends itself to disorder because_________________?
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A. humans are solitary creatures

B. human behavior is unpredictable

C. individuals differ in temperament goals and desires

D. the world is based on randomness

6374. Which is NOT a socioeconomic goal _______________?
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A. High and equitably distributed income

B. Full employment

C. Low prime interest rate

D. Reasonable price stability

6375. When the American Cigar Co buys a pizza chain the process is called________________?
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A. takeover attempt

B. diversification

C. planned obsolescence

D. monopoly

6376. Soft money is_________________?
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A. none of the above

B. money promised for campaigns

C. money used to purchase air time

D. money given after the election

6377. A medical model of deviance assumes that it is caused by_________________?
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A. illness

B. abnormality

C. all of the above

D. mental defects

6378. Professionalization means________________?
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A. there is a decrease in polarization

B. the same as unemployment

C. having theoretical knowledge in addition to training

D. everyone is called by a title

6379. An extreme type of coercive organizations is called a(n) _______________-?
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A. public institution

B. oligarchy

C. total institution

D. economic institution

6380. The federal system is contrasted with a (n)_______________?
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A. unitary system

B. confederate system

C. catholic system

D. BOTH unitary and confederate systems
6381. The main function of organized labor is to_______________?
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A. regulate safety

B. manage large corporations

C. strike

D. bargain collectively
6382. In a confederacy________________?
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A. power is centralized in a national government

B. powers not claimed by individual states are reserved by the national government

C. there is no national government whatsoever

D. all political power ultimately belongs to the states
6383. Shortcomings of interest groups include______________?
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A. the dissemination of biased information

B. injecting partisan ideologies into political parties

C. stifling minority voices

D. creating splinter parties

6384. The behavior of an individual firm is part of_______________?
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A. institutional economics

B. macroeconomics

C. macroeconomics

D. macroeconomics

6385. Freudian psychoanalytic theory emphasizes the importance of the______________?
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A. unconscious level of personality

B. the absence of the unconscious level

C. conscious level of personality

D. empirical level of personality

6386. Aggregate demand is defined as_________________?
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A. one persons demand for goods and services

B. none of the above

C. the total demand in a society or on a world level for goods and services

D. the lack of demand for goods and services

6387. Lawrence Kohlberg,s theory of moral development claims______________?
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A. limited applicability to technologically advanced societies

B. post conventional morality is a luxury few cultures and societies can afford

C. universal validity

D. the desire for equality is peculiar to democratic nations

6388. Gambling and prostitution are included in the category of______________?
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A. sins against religious teaching

B. social order crimes

C. crimes against persons

D. organized crime

6389. When interaction is guided by shared and patterned expectations of behavior the social system has acquired a(n) ?
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A. social structure

B. social process

C. social stability

D. social value system

6390. In Eriksons system each of the stages present the individual with________________?
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A. crises of self-definition

B. opportunities for self-transcendence

C. all of the above

D. ethical dilemmas

6391. In economic growth it is important to consider________________?
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A. all of the above

B. the quantity of capital and labor

C. the quality of capital and labor

D. the quality of the labor force

6392. A separation of institutional forms is most characteristic of__________________?
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A. pastoral societies

B. agricultural societies

C. industrial societies

D. horticultural societies

6393. The newest challenge to the family,s formerly exclusive claim to the socialization of its children has come from ?
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A. the day-care center

B. child psychotherapy

C. the peer groups

D. the mass media

6394. A professional trained in a narrow abstract field is a________________?
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A. specialist

B. bureaucrat

C. vice president

D. foreman

6395. Values in any society_____________?
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A. all of the above

B. dictate conduct in every situation

C. are often contradictory

D. are specifically spelled out

6396. The biological basis of human personality derives from____________________?
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A. all of the above

B. the absence of instincts

C. the need for love

D. the need for body contact

6397. When a new nation is formed ?
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A. people must acknowledge a common history and a sense of a common future

B. older tribal loyalties must be abandoned

C. all of these

D. a we are feeling must emerge among people

6398. The difference in the three most prevalent economic systems lies in how ?
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A. profits are made

B. the people respect the government

C. much the government interferes in the economy

D. easy it is become rich

6399. The participants in a market economy cannot pursue their goals freely because they are affected by_________________?
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A. prices and incomes

B. economic laws

C. the religious institution

D. the ratio of gold to paper money

6400. If the GNP increases by 8% and prices increase by 3% the actual growth rate is_______________?
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A. 3%

B. 11%

C. 5%

D. 8%