economics MCQs – Page 195

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 Review each marked answer and report any item that may be outdated or unclear.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

3881. The United States government includes the following traits____________?
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A. appointed representatives

B. federalism

C. unlimited power

D. a subordinate judiciary

3882. Collective behavior is_______________________?
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A. well planned

B. rather unstructured

C. based on regular norms

D. individual behavior multiplied

3883. Participants in the market system________________?
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A. try to maximize their worth

B. try to maximize their labor

C. are totally free to pursue their goals

D. are affected by prices and incomes

3884. Which of the following is a criticism of Marxist theory ?
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A. Everyone is talented equally

B. Marxism tries to explain all social problems

C. inequality is a motivating force for people to rise in the stratification system

D. Democracy delivers equality better than Marxism does

3885. It is fairly certain that male and female brains________________?
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A. distribute sensory functions differently

B. differ in size weight and capacity

C. are functionally identical

D. differ in left-right communication

3886. The school of thought that considers power to be brokered by various interest groups is called______________?
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A. absolute power

B. power elitism

C. pluralism

D. authoritarianism

3887. When cars are offered at low prices but people still do not buy them the situation is one in which______________?
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A. demand is elastic

B. there is aggregate demand

C. demand is inelastic

D. exchange takes place

3888. Total laissez-faire is impossible because________________?
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A. the market is not equitable favoring those with more resources

B. the market does not provide for satisfying public needs

C. all of the above

D. the market makes no provision for protecting smaller participants

3889. The hormone associated with male traits and aggression is_______________?
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A. progesterone

B. estrogen

C. Premarin

D. testosterone

3890. Globalism___________________?
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A. attracts young idealistic people who want to introduce a world government

B. is a movement of religious zealots who want to introduce a common religion around the world?

C. is a movement aimed at pulling African nations into a world economy?

D. refers to the fact that capitalism has become the economic system of choice around the world

3891. The feminization of poverty refers to________________?
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A. the fact that most men are rich

B. the fact that female-headed households are usually poor

C. the fact that women are more blessed than men in spite of poverty

D. an equal number of men and women being poor now

3892. Deviance that is covered by the laws of a society is called______________?
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A. anomie

B. crime

C. alienation

D. differentiation

3893. Which of the following is NOT an interest group ?
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A. Lobbyists of America

B. The Southern Christian Leadership Conference

C. The National Rifle Association

D. The American Association of Retired people

3894. A scattered collection of people who share a common interest or a concern about an issue are a (n).
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A. public

B. Crowd

C. audience

D. group

3895. The synthesis of the elitist and pluralist approaches realist democracy assumes that_____________?
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A. voters do have a choice in elite competition

B. new groups can become the new elite

C. the elites have a consensus on basic democracy

D. all of the above

3896. A modern definition of class maintains that social class is constituted by____________?
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A. people especially endowed by nature

B. categories of people set up by governments

C. the owners of the means of production

D. persons who have similar forms of power prestige or wealth

3897. The modern approach to studying social classes based on several dimensions of the stratification system is the______________?
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A. CES

B. TES

C. SES

D. BES

3898. Each society must make the following decisions of an economic nature regarding the______________?
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A. time place and quantity of production

B. assessment collection and counting of taxes

C. production distribution and consumption of goods and services

D. measurement of land water and minerals

3899. Demand and supply are________________?
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A. key economic indicators

B. causes of inflation

C. thesis and antithesis

D. market forces

3900. A modified version of elitist theory holds that_______________?
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A. the masses can on occasion influence the elite

B. all of the above

C. elites vary in their degree of openness

D. elite members identify with middle-class values

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