economics MCQs – Page 181

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 Review each marked answer and report any item that may be outdated or unclear.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 economy 2. profit maximizing under perfect competition and monopoly 3. application of economics 4. the aggregate demand aggregate supply model 5. surplus 6. money interest rates and output 7. average and total cost 8. stabilization adjustment reform and privatization 9. risks and diversification efficient market hypothesis 10. the phillips curve 11. supply and demand 12. capital formation investment choice information technology and technical progress 13. aggregate supply unemployment and inflation 14. elasticity 15. comparative gdp 16. roots of modern macroeconomics 17. production factors 18. poverty malnutrition and income inequality 19. trade regulations and industrial policies 20. monetary union 21. exchange rate systems and currency crises 22. economic development in historical perspective 23. exchange rate determination 24. monopoly competition 25. the balance of payments 26. inflation productivity 27. macroeconomic issues and analysis 28. employment migration and urbanization 29. macroeconomic policy tools 30. supply side policies 31. exchange rate adjustments and the balance of 32. miscellaneous 33. taxation 34. trade policies for the developing nations 35. markets efficiency and the public interest 36. the external debt and financial crises 37. budget deficits and the trade balance 38. alternative theories of the firm 39. public goods 40. the meaning and measurement of economic development 41. characteristics and institutions of developing countries 42. agriculture irrigation system of pakistan 43. education health and human capital 44. economic problems of developing countries 45. theories of economic development 46. basic of economics 47. consumer theory vs real consumers 48. applied microeconomics 49. long term economic growth 50. externality internality 51. fiscal and monetary policy 52. prices wages taxes 53. balance of payments aid and foreign investment 54. international factor movements and multinational corporations 55. entrepreneurship organization and innovation 56. the international economy and globalization 57. population and development 58. non tariff trade barriers 59. foundations of modern trade theory 60. global economic development 61. market 62. rural poverty and agricultural transformation 63. regional trading arrangements 64. foreign exchange 65. introduction to economics 66. world economy miscellaneous 67. sources of comparative advantage 68. natural resources and the environment toward sustainable development 69. monopoly 70. asymmetric information 71. income inequality 72. labour market 73. tariffs 74. development planning and policy making the state and the market 75. oligopoly 76. industrial development 77. costs supply and perfect competition 78. human capital 79. monetary fiscal and incomes policy and inflation 80. stocks

3601. A child shows her parents how to operate a computer This situation reflects_____________?
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A. reverse socialization

B. tertiary socialization

C. secondary socialization

D. primary socialization

3602. 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 was based on exploitation of the masses

D. class is closely related to life chances

3603. The most important differences among humans are based on ______________ ?
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A. species separation

B. culture

C. physical aspect

D. biology

3604. Human infants in order to become successful adults need______________?
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A. social interaction

B. body contact

C. learning

D. all of the above

3605. According to the cultural transmission theory deviance is learned through________________?
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A. close association with deviants

B. being labeled as deviant

C. genetic inheritance

D. all of the above

3606. Systems of beliefs and behavior designed to meet basic human needs are called ?
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A. government

B. religions

C. the welfare system

D. institutions

3607. An example of a state that has had to worry about and defend its very physical existence is_______________?
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A. Israel

B. Lebanon

C. Palestine

D. Egypt

3608. Howard Becker,s term for the process whereby individuals are accused sermonized and punished is_______________?
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A. primary deviance

B. secondary deviance

C. tertiary deviance

D. labeling

3609. ideologies may be described as_______________?
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A. rejecting action

B. none of the above

C. complex explanations of the world

D. simplified world views

3610. Among the factors that favor individual mobility are_________________?
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A. none of the above

B. one of many children

C. late marriage

D. rural residence

3611. Serious mental disorders that often require periods of hospitalization or institutionalization are called____________?
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A. psychoses

B. neuroses

C. sociopathologys

D. all of the above

3612. Judicial review by the Supreme Court is based on____________?
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A. the First Amendment to the Constitution

B. an act of Congress

C. the Marbury v Madison decision

D. explicit statements in the Constitution

3613. 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. threatening

B. crisis

C. administrative

D. general

3614. Which is NOT a presidential role ?
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A. party leader

B. chief diplomat

C. commander in chief of Armed Forces

D. Chief Justice

3615. The smallest group is constituted by the________________?
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A. quadrad

B. monad

C. dyad

D. triad

3616. The earliest and least complex society was___________?
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A. agrarian

B. pastoral

C. hunting and gathering

D. horticultural

3617. When the government must pay for fighter planes based on commitments made five years previously the spending the spending is called________________?
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A. unavoidable

B. discretionary

C. balanced

D. uncontrollable

3618. Manipulation of taxation and spending levels is______________?
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A. monetary policy

B. incomes

C. revenue policy

D. fiscal policy

3619. Laissez-faire is a policy that appeals to_______________?
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A. political independents

B. political freethinkers

C. political liberals

D. political conservatives

3620. The fundamental assumption of democratic socialism is that_______________?
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A. participation in political decision making should be extended to economic decision making

B. the Socialist party must be in command of the economy

C. it is not necessary for everyone in a society to work

D. participation in political decision making should be extended to religious leaders

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