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
6451. According to the differential association theory deviant acts are_________________?
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A. the result of social deprivation

B. learned through interaction with others

C. considered normal by some antisocial individuals

D. caused by abnormal chromosomes

6452. According to the broker rule school of though________________?
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A. power is in the hands of a small group of individuals

B. Wall street brokers and other bankers hold the effective reins of government

C. power is diffused among numerous interest groups who compete and compromise on the decision-making process

D. the fewer interest groups exist the greater the stability of the political system

6453. Deviance______________?
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A. shows what is proper behavior

B. helps group cohesiveness

C. all of the above

D. promotes social change

6454. In many societies cannibalism is______________?
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A. mores

B. a cultural complex

C. a cultural trait

D. a taboo
6455. A personality refers to______________?
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A. attitudes of a person

B. all of the above

C. emotions of a person

D. behavioral traits of a person

6456. Which of the following is NOT a predominant goal of American society ?
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A. a desirable mix of windfall profits

B. none of the above are dominant goals

C. a leisure-based society

D. spectacular growth

6457. The cause of freedom is served according to democratic capitalists when__________________?
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A. welfare is eliminated

B. everyone has the right to hold private property

C. everyone has the chance to become a millionaire

D. everyone has economic security

6458. Which is NOT a restraint imposed on the United States government ?
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A. Presidential supremacy

B. Checks and balances

C. Separation of powers

D. Federalism

6459. Which of the following would fit Charles Horton Cooleys classification of a primary group ?
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A. Tourists visiting a resort

B. Redheads

C. A sales clerk and a customer

D. A married couple

6460. ideologies may be______________?
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A. all of the above

B. abstract

C. comprehensive

D. partial

6461. What kind of a system is the economic institution ?
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A. Cultural and social

B. Semantic and semitic

C. Typically, American

D. Religious and educational

6462. According Piaget,s developmental theory______________?
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A. none of the above

B. a child of five can learn philosophy

C. a child of eight can master addition

D. a child of one can understand social rules

6463. In industrial societies consumption ?
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A. is viewed unfavorably

B. maintains and fuels demand

C. must always be limited

D. is not a factor

6464. Smith wrote that private ownership of the means of production would ?
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A. create abuse

B. stimulate economic growth as each individual tried to maximize profits

C. stifle economic growth as the markets would be flooded with merchandise

D. stimulate government control

6465. Deviance is defined as________________?
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A. behavior that passes the limits of what the social group tolerates

B. any violation of societal norms

C. behavior forbidden by religion

D. breaking legal codes

6466. Income received by firms from sources other than households is called_________________?
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A. incidentals

B. windfalls

C. injections

D. incremental

6467. The psychodynamic theories of personality are associated with________________?
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A. Sigmund Freud

B. Jean Piaget

C. Charles Horton Cooley

D. George Herbert Mead

6468. The struggle of women and ethnic minorities to change certain discriminatory practices concerns ?
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A. role strain

B. role conflict

C. ascribed statuses

D. master statuses

6469. Utilitarian organizations are so named because they ?
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A. serve the practical purposes of their owners

B. produce useful things

C. provide material benefits in exchange for work

D. provide useful services to the community

6470. Studying interaction within a human family would occur on a____________?
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A. microsocial level

B. macroscopic level

C. microscopic level

D. macrosocial level
6471. Political scientist Morgenthau and the realist school believe that foreign policy is based on_______________?
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A. rights of humanity

B. what is best for the people of a nation

C. morality

D. exercise of power
6472. The principle of the separation of powers________________?
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A. provides for an absolute separation of three branches of government

B. is prescribed by the Constitution

C. was a notion the framers had to abandon

D. was imitated by the framers of the constitution from Roman forms of government

6473. Socialization happens in__________________?
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A. infants

B. children

C. persons of all ages

D. adults

6474. One of the functions of public policy is to________________?
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A. plan to ensure the correct mix of supply and demand

B. ensure that everyone is a sinner in the economy

C. none of the above

D. mediate among conflicting economic goals
6475. The concept of human inequality ?
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A. has been borrowed from the natural sciences

B. is tolerated by religious ideologies

C. is incorporated in the ideology of democracy

D. underlies fascism
6476. The most advanced form of regional cooperation is exhibited by______________?
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A. Africa

B. The Middle East

C. Europe

D. The Pacific Rim

6477. According to Daniel Bell the first technological revolution_______________?
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A. all of the above

B. was the first of three such revolution

C. entailed the harnessing of electricity

D. involved a change in farming techniques

6478. When supply and demand are essentially equal the economy is said to be in________________?
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A. abeyance

B. equilibrium

C. equivalence

D. a recession

6479. What models did the frames of the Constitution use for the office of the presidency ?
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A. None

B. American Indian chiefdoms

C. Middle Eastern dynasties

D. The European monarchs

6480. The middle- and low-income nation are located mostly in_______________?
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A. the southern regions of the world

B. the northern regions of the world

C. the North and South Pole

D. the North-South Axis

6481. Congestion pollution urban decay and similar side effects of the market system are termed_____________?
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A. externalities

B. negatives

C. tangentials

D. internalities

6482. Constitution are_________________?
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A. instruments for limiting governmental power

B. characteristic of democracies only

C. signed documents

D. possible only in industrial societies

6483. Which of the following programs are particularly dependent upon state resources ?
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A. Public education

B. Corporate growth

C. Public housing

D. The Social Security system

6484. A formal structure of an organizations is its_______________?
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A. leadership structure

B. bylaws and body of officers

C. appearance to its general public

D. full-time employees

6485. When politicians refer to the intention of the framers of the Constitution of the United States they are making recourse to_____________?
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A. charismatic authority

B. legal rational authority

C. traditional authority

D. all of the above

6486. The democratic state is based on the social contract theories of Locke and Rousseau These theories maintain that ?
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A. people must obey the rulers at all times

B. a society cannot exist without authoritarian rulers

C. the people allow themselves to be governed for their own good

D. the rulers govern at the direction of God

6487. According to Mead the generalized other is_______________?
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A. analytic internalization

B. shame

C. societal norms

D. ones mother

6488. illegal acts that are characterized by deceit concealment or violation of trust is the FBI,s definition of_______________?
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A. robbery

B. white-collar crime

C. arson

D. organized crime

6489. A symbiotic relationship exists between__________________?
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A. the president and Congress

B. the two political parties

C. all of the above

D. the press and politicians

6490. An emotional disorder that still allows one to work in society is called a(n) ?
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A. halitosis

B. prognosis

C. neurosis

D. psychosis

6491. A good example of a primary group is_________________?
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A. all of the above

B. the U.S Army

C. AT&T Corp

D. a family
6492. The main purpose of a political party in a democracy is to________________?
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A. eliminate power

B. gain power

C. eliminate the opposition

D. control the media

6493. Political ideology deals with______________?
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A. economics

B. parties

C. none of the above

D. matters of rule selection and principles of rule
6494. Public policy is________________?
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A. what the government fails to do

B. a plan of action

C. what the government does

D. all of the above
6495. The negative functions of interest groups include_______________?
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A. they are representative of a minority of people

B. none of the above

C. they are democratic

D. they are accountable to the public

6496. The master status of George W.Bush was______________?
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A. husband

B. dog owner

C. jogger

D. president
6497. Biological explanations of deviance________________?
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A. were popular during the first half of the 20th century

B. explain all types of deviance

C. agree on the causes of deviance

D. are strongly supported scientifically

6498. A way of calculating the total output of the economy and all incomes earned within the Pakistan regardless of whether the resources are Pakistan or foreign is_______________?
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A. the SPQR

B. the NNP

C. the GNP

D. the GDP
6499. Which of the following is likely to be an involuntary group? The____________?
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A. Boston Bruins

B. Ku Klux Klan

C. campaign staff working for presidential candidate

D. the Smith family
6500. Which perspective looks at the world-wide context and emphasizes economic factors ?
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A. Neo-realism

B. Globalism

C. Realism

D. Pluralism