economics MCQs – Page 174

Practise multiple-choice questions from economics for competitive examinations and subject revision. Review each marked answer and report any item that may be outdated or unclear.

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
3461. The history of the world according to Marx could be interpreted through ?
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A. dialectic materialism

B. an absence of materialism

C. idealism

D. a cyclical theory

3462. Political ideology deals with______________?
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A. economics

B. matters of rule selection and principles of rule

C. none of the above

D. parties

3463. The production possibilities frontier refers to_______________?
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A. limitless output of commodities

B. unlimited production of one commodity

C. none of the above

D. the amount of each commodity that can be produced given available resources
3464. Durkheim was one of the first scientific sociologists who studied______________?
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A. suicide

B. all of the above

C. sex

D. mental illness

3465. What does one call property owned by the state in the name of the people ?
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A. common law

B. communal

C. private

D. public
3466. Studies of siblings who shared parents social class and everyday experiences have shown that they_____________?
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A. view the same experiences differently

B. arrive at a common view point through discussion

C. perceive the same events in the same way

D. pretend to disagree when they really agree

3467. The social sciences first emerged ?
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A. to systematically apply common sense to issues

B. as a method of social control

C. to defend the established order

D. as a search for universal social laws
3468. The emergence of the self as a result of interaction with others is a common thread in ALL BUT ONE of the following theories ?
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A. symbolic interactionism

B. developmental theory

C. Lookingglass self

D. behaviorism
3469. The norm of reciprocity entails______________?
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A. working jointly in a common enterprise for a shared goal

B. all of the above

C. doing something in return for what someone has done for you

D. doing things in an institutionalized way

3470. Studying interaction within a human family would occur on a____________?
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A. microsocial level

B. macrosocial level

C. macroscopic level

D. microscopic level

3471. C.Wright Mills wrote that the power elite controls_________________?
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A. the election of all national officials

B. the major issues like war and peace

C. all political and social issues

D. access to Supreme Court appointments

3472. The behavior of an individual firm is part of_______________?
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A. macroeconomics

B. institutional economics

C. macroeconomics

D. macroeconomics
3473. There is a tendency for people to_______________?
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A. rebel against group norms

B. respond only to negative sanctions

C. respond only to violence

D. accept group norms
3474. The negative functions of interest groups include_______________?
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A. none of the above

B. they are democratic

C. they are accountable to the public

D. they are representative of a minority of people

3475. The participants in a market economy cannot pursue their goals freely because they are affected by_________________?
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A. the religious institution

B. prices and incomes

C. economic laws

D. the ratio of gold to paper money

3476. The nation with the longest political campaign period is_______________?
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A. England

B. Italy

C. all nations take the same time to campaign

D. the United States
3477. 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. mean

C. mode

D. median

3478. The current Palestinians are a_____________?
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A. state split among several nations

B. state without a nation

C. nation split among several states

D. nation without a state
3479. C.Wright Mills maintains that the nation is really ruled by_______________?
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A. representatives of the people

B. the masses

C. the participants in the political process

D. a power elite
3480. Personality must be considered as________________?
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A. more a function of heredity than anything else

B. a result of biology alone

C. role demands

D. interplay between environment and learned behavior