economics MCQs – Page 184

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 Review each marked answer and report any item that may be outdated or unclear.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

3661. Communism emerged as an ideology in reaction to conditions following____________?
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A. the French Revolution

B. starvation in Ireland

C. the Industrial Revolution

D. the Protestant Reformation

3662. The more consumers are willing to pay for a product_____________________?
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A. the more expensive the product becomes

B. the less producers will manufacture to raise the price still more

C. the more they go into debt forcing them to stop buying

D. the more of the product will be produced

3663. If culture is comparable to a script for a play then______________?
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A. social scientists may be compared to stage hands

B. individuals may be compared to playwrights

C. the economy may be compared to the director

D. society may be compared to a troupe of actors

3664. The middle- and low-income nation are located mostly in_______________?
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A. the North-South Axis

B. the North and South Pole

C. the southern regions of the world

D. the northern regions of the world

3665. Official sanctions usually entail________________?
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A. public recognition

B. the threat of force

C. a transgression of the law

D. all of the above

3666. Material culture________________?
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A. is of limited importance to humans

B. illustrates the evolution of tools and includes all objects made by humans

C. has no relation to symbols?

D. none of the above

3667. When we refer to how people really behave we________________?
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A. speak of mores

B. use statistical norms

C. refer to the ideal norms

D. use folkways

3668. The discipline that studies such disparate subjects as the environment religion politics criminality organization and so on is______________?
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A. sociology

B. psychology

C. history

D. political science

3669. Achieved status would be especially important in_______________?
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A. feudal Europe

B. 19th century India

C. ancient Egypt

D. none of the above

3670. One of the functions of public policy is to________________?
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A. mediate among conflicting economic goals

B. plan to ensure the correct mix of supply and demand

C. none of the above

D. ensure that everyone is a sinner in the economy

3671. An intensive study of an individual or a small group is made by using the following research method ?
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A. longitudinal sample

B. experiment

C. case study

D. cross sectional sample

3672. Defense mechanisms function to________________?
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A. protect the superego

B. deceive sexual targets

C. ward off sexual advances

D. deflect anxiety

3673. The significant others of Mead,s theory are____________?
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A. unimportant because models do not influence personality

B. constituted by governmental authorities who must be obeyed

C. important because they provide the initial role models

D. similar to the ego of Freud,s theory

3674. Experiments are_______________?
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A. the most common method of social investigation

B. not used in the study of humans

C. valid only if performed on white mice

D. based on controlling a variable and observing the results

3675. Government____________?
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A. all of the above

B. is a pivotal institution

C. includes the political process

D. is the acting arm of the state

3676. The scientific method contains all but one of the following techniques ?
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A. making data public

B. selecting data to prove a point

C. scientific observation

D. systematic collection of data

3677. The Keynesian revolution acknowledged_________________ ?
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A. that the masses were being exploited

B. that industrial workers were becoming the new bourgeoisie

C. that the market was inherently unstable

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

3678. Among the reason for overturning death penalty verdicts on appeal are______________?
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A. improved DNA technology

B. indications that prosecutors or police withheld information

C. findings of incompetent counsel

D. all of the above

3679. Drug addiction has been characterized as a victimless crime meaning ?
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A. drug users are not responsible for their actions

B. drug addiction is a sustainable life style

C. society does care what happens to addicts

D. addicts choose to be addicted and hurt no one but themselves

3680. The most essential element of culture is______________?
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A. a warning system

B. group activities

C. language

D. cooperation

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