economics MCQs – Page 182

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 Review each marked answer and report any item that may be outdated or unclear.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

3621. Bureaucracy is based on________________?
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A. lack of authority

B. unpredictability

C. specialization

D. ad hoc rules

3622. Which of the following is a group ?
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A. commuters riding a train

B. softball players performing in a playoff tournament

C. lines of people at a supermarket checkout counter

D. spectators watching the construction of a building

3623. A demand-side theory that focuses on the role of money to finance aggregate demand is termed__________?
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A. monetarism

B. cash and carry

C. Reaganism

D. the gold standard

3624. Maturation is a term used by developmental psychologists to refer to______________?
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A. the development of personality

B. the aging process or senescence

C. physical(biological)development

D. the development of natural resources

3625. Industrial societies are based on____________?
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A. primary ties

B. smokestacks

C. machines for production

D. kinship

3626. Norms are__________________?
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A. guidelines for human behavior

B. all of the above

C. internalized in most cases

D. reflections of values

3627. The desert and semi-arid regions of the Middle East are resource-poor except for_______________?
0

A. dates

B. uranium

C. coal

D. oil

3628. The concept of deviance refers to________________?
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A. going in the wrong direction

B. reversing one,s opinion

C. departure from social norms

D. bad manners

3629. A makeshift organizational network which often parallels bureaucratic administration is called______________?
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A. scientific management

B. informal bureaucracy

C. oligarchy

D. humanized bureaucracy

3630. Laissez-faire______________?
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A. was Karl Marxs exhortation to the workers of the world

B. is the rallying cry of the Women Liberation Movement?

C. is the French expression Adam Smith used to mean that government should keep its hands off the economy?

D. is the economic theory introduced to the U.S by Keynes?

3631. Democracy is based on_______________?
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A. the value of the individual

B. ideal hopes for a future society

C. rule by the elite

D. leadership of a charismatic leader

3632. The high cost of fighting crime is due in large part to_______________?
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A. the increase in organized crime

B. an increase in prison inmates

C. high unemployment rates

D. tax cuts instituted by the present administration

3633. Kohlberg,s three stages of moral development are_______________?
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A. conventional post conventional and legal-rational

B. pre-conventional conventional and post-conventional

C. charismatic traditional and legal-rational

D. pre-conventional authoritarian and post-conventional

3634. What percentage of the earths people live in low-income areas ?
0

A. 56%

B. 10%

C. 35%

D. 5%

3635. In stratified societies categories of people are ranked by______________?
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A. prestige

B. wealth

C. power

D. all of these

3636. Our type of society fosters______________?
0

A. none of the above

B. a sense of calm

C. anxiety

D. love of all humans

3637. Social structure refers to_________________?
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A. what the individual becomes in society

B. norms roles and group in a social system

C. biological cell patterns

D. patterns of individual behavior

3638. Economic policies do not work as well as they should because of obstacles posed by______________?
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A. interpretation

B. all of the above

C. timing

D. implementation

3639. A theory is a______________?
0

A. scientific law

B. hunch regarding reality

C. speculation about truth and beauty

D. set of concepts and generalization

3640. During and after a depression the government can use fiscal policy through its powers of_____________?
0

A. wage regulation

B. spending and taxation

C. bank regulation

D. income ceilings

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