economics MCQs – Page 193

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 Review each marked answer and report any item that may be outdated or unclear.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

3841. A mother preparing lunch for her child is an example of a(n)______________?
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A. unliberated women

B. macrolevel behavior

C. status

D. role

3842. Anthropology is restricted to the study of_______________?
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A. none of the above

B. prehistoric people only

C. modern peoples only

D. primitive people only

3843. Contrary to Karl Marx,s expectations communist revolutions occurred in_______________?
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A. all of the above

B. agricultural nations like Cuba

C. less economically developed nations like Russia

D. Asian nations lacking well-developed industrial sectors like China

3844. The social sciences have_____________?
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A. been accepted as equally valid as the physical sciences

B. more control over data than physics

C. complete objectivity

D. problems with studying people in laboratories

3845. In the United States a sense of national identity ?
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A. was later reinforced by the notion of specialness

B. only B and C

C. was first based on a common ethnicity and language

D. never developed

3846. In economic growth it is important to consider________________?
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A. the quantity of capital and labor

B. the quality of capital and labor

C. the quality of the labor force

D. all of the above

3847. The allocation of tasks to particular individuals who specialize in performing them is referred to as_______________?
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A. status specialization

B. division of labor

C. status fulfillment

D. ascribed status

3848. Which of the following is an index crime ?
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A. robbery

B. speeding

C. all of the above

D. being in a football pool

3849. Studies of delinquent gangs indicate that____________?
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A. gangs are useful for society

B. none of the above

C. gang norms are substituted for societys norms in some cases

D. gangs have no norms

3850. Abraham Maslow and Carl Rogers are associated with the following theories of personality.
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A. environmental determinism

B. development

C. stressing self-concept and self-actualization

D. psychoanalytic

3851. Humans depend on others for full development and generally live in groups They are________________?
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A. intelligent

B. symbolic

C. social

D. cultural

3852. Americans are likely to experience culture shock_______________?
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A. every time a new administration comes into office

B. when they come in contact with an unfamiliar culture

C. when they witness atrocities committed in wars

D. when they inadvertently see a pornographic movie

3853. Political parties link_____________?
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A. PACs to Congress

B. extremists to government

C. all of the above

D. heterogeneous groups to coalitions

3854. Ideologies___________________?
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A. refer to the study of ideas

B. never distort the truth

C. direct people to act in a certain way

D. always abhor fanaticism

3855. Embezzlement and fraud are two examples of_________________?
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A. organized crime

B. property crimes

C. white collar crime

D. crimes against persons

3856. What were the goals of the Constitutional Convention ?
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A. To preserve the status quo

B. To diminish the power of a strong central government

C. To insure the power of the small farmers

D. To form a government that would serve the interests of all groups in the society

3857. In the social sciences discrimination as a concept means_________________?
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A. ability to discern the direction of social relations

B. actions taken as a result of prejudicial feelings

C. having good taste in art and music

D. the physical ability to see in the dark

3858. Symbolic analysts are_______________?
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A. people employed in new enterprises

B. psychologists with advanced degrees

C. only A and B

D. employees capable of manipulating data words and visual images

3859. According to Gordon Allport much prejudice is based on________________?
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A. equality of groups

B. economic competition among different groups

C. lack of human compassion

D. plain ignorance

3860. The dominant group in a society is the one that is the_________________?
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A. most powerful

B. oldest

C. largest

D. subordinate

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