economics MCQs – Page 191

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 Review each marked answer and report any item that may be outdated or unclear.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

3801. Cultural change is always________________?
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A. fast and dramatic

B. slow and imperceptible

C. nether of the above

D. both of the above

3802. Individuals who become inmates of a total institution undergo the process of______________?
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A. anomie

B. socialization

C. desocialization

D. resocialization

3803. Gambling and prostitution are included in the category of______________?
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A. crimes against persons

B. sins against religious teaching

C. organized crime

D. social order crimes

3804. An example of a category would be_____________?
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A. the N.R.A

B. all the redheads currently imprisoned in the U.S

C. sharpshooters at a pistol range

D. the N.A.A.C.P

3805. Primary group are basic to the development of____________________?
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A. politics

B. personality

C. social change

D. law

3806. NAFTA binds which three countries into a single commercial entity ?
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A. United States Canada Puerto Rico

B. Mexico Panama Costa Rica

C. United States Canada Mexico

D. United States Cuba Mexico

3807. All but WHICH of the following characteristics of humans led to the development of science ?
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A. The use of reason

B. Blushing

C. Fascination With the self

D. Curiosity

3808. Some American Indians cannot express the idea of time in their tribal languages This fact shows that_____________ ??
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A. like all lower-class persons they focus on the present

B. their culture is still at a primitive stage

C. they have not yet reached the industrial stage of evolution when time is money

D. time is not an important value in their culture

3809. When one knows the roles that one is expected to play and is willing and able to do so one is_____________?
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A. brainwashed

B. a significant other

C. conditioned

D. successfully socialized

3810. Democratic capitalism means that________________?
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A. losers totally destroyed

B. all property belongs to the government

C. the economy is regulated through legislation and taxation

D. the individual is free to do anything as long as he/she has money

3811. Countercultures are_______________?
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A. groups whose values are in explicit opposition to those of the wider societal culture

B. the most active subcultures

C. groups whose values differ from the mainstream

D. subcultures that refuse to assimilate

3812. The capacity of a nation to use its resources to affect the behavior of other nations is a definition of________________?
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A. foreign policy

B. power in the context of international relations

C. diplomacy

D. international law

3813. A totalitarian regime______________?
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A. exhibits a centralized control of the economy

B. all of the above

C. controls the mass media

D. contains secret police

3814. The mechanism of the market system provides for________________?
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A. the content and flow of goods and services to take place without any fixed plan

B. buyers and sellers not needing to know how the market works in order to act in it

C. the economy to function so that all participants derive some satisfaction

D. all of the above

3815. A researcher will settle for pinpointing a correlation when ?
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A. a causal relationship is difficult to prove

B. variables are vaguely defined

C. a causal relationship is of no consequence

D. research monies are not forthcoming

3816. Deviance that has not been discovered is called ?
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A. final deviance

B. sinful deviance

C. primary deviance

D. secondary deviance

3817. Four primary social processes are________________?
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A. exchange reciprocity competition and conflict

B. conflict exchange cooperation and competition

C. accommodation assimilation conflict and coercion

D. differentiation stratification conflict and coercion

3818. Scientific conclusions are_________________?
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A. relative to time and place of study and subject to revision

B. personal opinions of important scholars

C. universally accepted

D. absolute truths for all times

3819. Absence of body contact and stimulation in infants inhibits_______________?
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A. aggressive behavior

B. biological drives

C. development of higher learning functions

D. instinctual development

3820. The scientists skepticism extends to________________?
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A. the value of scientific objectivity

B. the usefulness of scientific inquiry

C. his or her own credentials

D. his or her own findings

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