economics MCQs – Page 192

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 Review each marked answer and report any item that may be outdated or unclear.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

3821. Symbolic interaction ?
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A. is entirely nonverbal

B. none of the above

C. excludes written language

D. includes gestures speech and music

3822. Criminologists Cloward and Ohlin Classified delinquent gangs into which of the following categories ?
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A. Ritualistic territorial rebel

B. Conflict subcultural criminal

C. Criminal realist conflict

D. Realist drug and alcohol territorial

3823. Norms are essentially ?
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A. systems of rewards and punishment

B. rules for behavior

C. what is most feared

D. what is right

3824. Societies in which ascribed statuses have been prevalent include______________?
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A. occupationally-based caste systems as in pre-modern India

B. A and C only

C. industrial societies like the United States

D. estate systems in feudal Europe

3825. Constitutions are________________?
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A. blueprints for monarchies

B. meant to establish the rule of men

C. intended to limit governmental power

D. always written

3826. The hypothesis is a statement of_____________?
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A. a universal truth

B. a tentative statement of a topic that is subject to testing

C. disagreement with a generally accepted theory

D. the scientists conclusions

3827. Utilitarian organizations include_____________?
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A. businesses and industries of all types

B. the military prisons and mental hospitals

C. professional and religious organizations

D. all of the above

3828. One British psychologist believes that the Western family causes most of the mental illness in individuals This theory implies that ___________??
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A. none of the above are relevant

B. secondary relations are more important than primary ones

C. the primary group is always helpful to the individual

D. primary group relations can be harmful to the individual

3829. Which of the following groups determine market transactions ?
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A. none of the above

B. The executive legislative and judicial departments

C. Households firms and central authorities

D. Producers distributors consumers

3830. Power is_________________?
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A. restricted to a small elite in traditional societies

B. the most important feature of stratification

C. all of the above

D. widely distributed and diffused in industrial societies

3831. The main function of organized labor is to_______________?
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A. regulate safety

B. bargain collectively

C. strike

D. manage large corporations

3832. Regarding capitalist industrial societies Marx asserted that______________?
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A. the means of production are controlled by the masses

B. religion and philosophy are the foundations of society

C. they contained the seeds of their own destruction

D. property is unimportant in the modern state

3833. Which is an example of a subculture ?
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A. French culture

B. Kiwi culture

C. teenage customs

D. American culture

3834. Role strain___________?
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A. may result from faulty role performance

B. may occur within the confines of a single role

C. may occur when entrenched statuses become altered

D. all of the above

3835. Experiments_______________?
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A. are conducted in both field and laboratory setting

B. involve the risk that people may modify their behavior

C. must involve control groups of some kind

D. all of the above

3836. Most animal behavior is determined by_________________?
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A. animal culture

B. symbolic interaction

C. biology and instinct

D. a system of symbols

3837. The public sector_________________?
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A. all of the above

B. is bloated with a large bureaucracy

C. is less efficient and effective than the private sector

D. employs one of every four workers

3838. Why is the private ownership of property deemed beneficial ?
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A. keeping up with the Joneses leads to success

B. It is the American way

C. Greed makes the world go around

D. None of the above

3839. Freud located the libido ?
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A. within the ld

B. in the genital stage

C. all of the above

D. within family relations

3840. Marx,s view of social class is that______________?
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A. talented people will always rise to the top

B. religion helps fight social inequality

C. private ownership of the means of production perpetuates class divisions

D. the bourgeoisie will eventually triumph

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