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
6401. Which of the following acts does NOT constitute a crime if committed by an adult ?
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A. Copyright infringement

B. Prostitution

C. Truancy

D. illegal drug use

6402. Income distribution according to productive contribution is____________?
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A. inefficient but equitable

B. efficient but inequitable

C. a tenet of communism

D. efficient and equitable

6403. Some state powers are inferred from the power specifically delegated by the Constitution to the central government These are Called ___________?
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A. implied powers

B. reserved powers

C. residual powers

D. inferred powers

6404. Government based on the rule of either the landed gentry the educated and privileged or the hereditary nobility is called_______________?
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A. republicanism

B. oligarchy

C. aristocracy

D. democracy

6405. Totalitarian regimes_____________?
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A. control the individual socially and politically

B. control only political life

C. leave individuals human and civil rights intact

D. deal only with economic and foreign policy matters

6406. The most self-sufficient group is________________?
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A. society

B. ones in-group

C. the family

D. the military

6407. A general in an army chart of command positions would constitute a______________?
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A. status

B. role

C. institution

D. norm

6408. A predisposition toward certain points of view is called_______________?
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A. attitude

B. action

C. opinion

D. conviction

6409. The largest of the world regions containing 44 countries is_____________?
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A. North America

B. Asia

C. Sub-Saharan Africa

D. Europe

6410. The family is the prime example of a(n) ?
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A. voluntary group

B. secondary group

C. primary group

D. Gesellschaft

6411. According to the differential association theory deviant acts are_________________?
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A. caused by abnormal chromosomes

B. the result of social deprivation

C. considered normal by some antisocial individuals

D. learned through interaction with others
6412. Public government agencies are________________?
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A. markets

B. households

C. firms

D. central authorities
6413. Serious mental disorders that often require periods of hospitalization or institutionalization are called____________?
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A. all of the above

B. neuroses

C. sociopathologys

D. psychoses
6414. Maturation for humans involves ?
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A. socialization

B. learning to be responsible

C. the development of instincts

D. physical development
6415. Congressional representation is based on______________?
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A. single member constituency system

B. proportional representation

C. parliamentary system

D. BOTH single-member constituency and proportional representation
6416. Socialism and communism both call for________________?
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A. government controlling parts of the economy for the common good

B. revolutionary change

C. abolition of private property

D. totalitarian government and dictatorship of the proletariat

6417. The purpose of the Bill of Rights is to_________________?
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A. weaken the government

B. give more power to the government

C. restrict the power of the government

D. make revolution impossible

6418. The human infants first step in socialization is_________________?
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A. walking

B. crying

C. awareness of self

D. speaking

6419. Adult socialization typically_____________?
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A. is less effective and easier to resist than childhood socialization

B. involves acquiring a self-image

C. all of the above

D. occurs incidentally and unconsciously

6420. Contemporary technologically advanced societies tend to be_______________?
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A. hexahedron

B. heterogeneous

C. hermetic

D. homogeneous

6421. What is the Phillips curve ?
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A. a deflationary curve

B. a graphic representation of conflict between full employment and inflation

C. a reference to a government economist favoring high taxes

D. a special kind of screw driver that reflects the functioning of the economy

6422. The norm of reciprocity entails______________?
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A. doing something in return for what someone has done for you

B. doing things in an institutionalized way

C. all of the above

D. working jointly in a common enterprise for a shared goal

6423. The American democratic system is based on________________?
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A. all of the above

B. representation of the majority

C. the dignity of the individual

D. protection of minority rights

6424. Which of the following is identified with the elitist view _____________?
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A. C.Wright Mills

B. Karl Marx

C. Paul Samuelson

D. BOTH Mills and Marx
6425. The Keynesian revolution acknowledged_________________ ?
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A. that the market was inherently unstable

B. the need for the intervention of the owners of the means of production

C. that industrial workers were becoming the new bourgeoisie

D. that the masses were being exploited

6426. If we add the numerical values of all our cases together and divide by the number of cases we get the_______________?
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A. moot

B. median

C. mode

D. mean
6427. A number of social commentators fear that having become a nation of hyphenated Americans ?
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A. the United States will be divided into a number of smaller nations

B. we may begin to our national identity

C. we will not defend the nation from invasion

D. we must keep out all new immigrants

6428. Emotional stress and maladjustment may occur as a result of______________?
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A. faulty role performance

B. all of the above

C. improperly learned roles

D. status inconsistency

6429. An example of a state that has had to worry about and defend its very physical existence is_______________?
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A. Palestine

B. Lebanon

C. Egypt

D. Israel
6430. Most ideologies consist of________________?
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A. ideas that have been in existence for centuries

B. a set of complex algebraic expressions

C. ideas derived exclusively from ancient Greece

D. a body of doctrines beliefs and symbols
6431. From a sociological viewpoint to say that deviance has functions means that ?
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A. deviant acts are escape valves for anxiety

B. successful deviants become stronger people

C. deviant acts serve the individual,s purpose

D. deviance may contribute to group cohesion
6432. Engineers lawyers investment bankers top CEOs entertainers and so on are described as_____________?
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A. nouveau riches

B. generation x-ers

C. symbolic analysts

D. baby boomers

6433. The situation in the Middle East is an example of________________?
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A. conflict

B. competition

C. cooperation

D. all of the above

6434. The elitist school of thought asserts that______________?
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A. the elite is not always against the masses

B. the elite displays a monolithic power structure

C. the masses should rebel against the elite

D. the elite always works against the public interest

6435. Humanity is__________________?
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A. an aggregate

B. all of the above

C. a category

D. a group

6436. NAFTA binds which three countries into a single commercial entity ?
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A. United States Canada Puerto Rico

B. United States Canada Mexico

C. Mexico Panama Costa Rica

D. United States Cuba Mexico

6437. Resources are defined as___________________?
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A. anything that is derived from natural including

B. anything that is produced in factories

C. anything that is manmade

D. everything that is needed for the production of goods and services including human energy
6438. The primary function of the economy as a social institution is to________________?
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A. show people how to obtain goods and services without having to pay for them

B. convict felons in Common Pleas Cout

C. Provide a blueprint showing people how to survive

D. none of the above

6439. According to George Herbert Mead the self is______________?
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A. an individuals self-concept or self-awareness

B. a persons conscience

C. the subconscious mind

D. the equivalent of the libido in Freuds theory

6440. Studies of siblings who shared parents social class and everyday experiences have shown that they_____________?
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A. pretend to disagree when they really agree

B. perceive the same events in the same way

C. view the same experiences differently

D. arrive at a common view point through discussion

6441. Agents of socialization consist of_______________?
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A. instincts

B. drives

C. genes

D. none of these
6442. Merton attributed deviance to anomie meaning ?
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A. neurosis

B. wild mood swings

C. lack of legitimate means to attain group goals

D. mental retardation

6443. Public policy according to elitists tends to reflect______________?
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A. the compromises necessary to temper ideals with reality

B. the values of the elites

C. the demands of the masses

D. the ideals of the society

6444. C.Wright Mills maintains that the nation is really ruled by_______________?
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A. representatives of the people

B. the masses

C. a power elite

D. the participants in the political process

6445. The desert and semi-arid regions of the Middle East are resource-poor except for_______________?
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A. coal

B. uranium

C. oil

D. dates

6446. Third parties arise when_____________?
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A. the nation experiences severs economic recession or depression

B. a large portion of the electorate is dissatisfied with the other candidates

C. new political ideologies emerge

D. a charismatic leader is available

6447. Which is false of reference groups? They_________?
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A. provide standards against which we measure ourselves

B. are groups to which we belong from birth on

C. affect our values goals attitudes and behavior

D. are important during socialization

6448. When President Kennedy told the Soviet leader to withdraw Russian missiles in Cuba it was an illustration of one of the following types of foreign policy ?
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A. general

B. threatening

C. crisis

D. administrative

6449. The second function of the legislative branch is to______________?
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A. ensure a system of representation

B. pass laws consistent with moral values

C. govern every state in the Union

D. ensure that neither of the chambers has the upper hand

6450. Capitalisms roots can be found in_________________?
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A. machine-based production

B. Christianity

C. dialectic materialism

D. feudal agriculture