economics MCQs – Page 196

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 Review each marked answer and report any item that may be outdated or unclear.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

3901. Criticisms of structural functionalism include_______________?
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A. all of the above

B. sons of talented persons are privileged even if they themselves lack talent

C. who says that a football player is more important than a college professor?

D. is a stable society better than an unequal society?

3902. Craftsmen foremen secretarys office workers belong to the________________?
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A. middle-middle class

B. new class

C. working class

D. upper-middle class

3903. People who suffer from status inconsistency__________________?
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A. tend to suffer more frustration and dissatisfaction than those whose status is consistent

B. usually do not worry about it

C. willingly accept a lower status in return for social recognition

D. work hard to accumulate wealth to make up for it

3904. Royal Dutch Shell Oil Co has branches in Holland Britain the United States and France This kind of corporation is called__________________?
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A. monopolistic

B. closed

C. multinational

D. restricted

3905. How are presidential programs funded ?
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A. By government investments

B. By Congress

C. By withdrawals from the Treasury Department

D. By foreign nations

3906. In recent years there was an awakening of ethnic identity among the following groups__________________?
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A. all of the above

B. Native Americans

C. African Americans

D. Hispanics

3907. The greatest problem with capital punishment is that________________?
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A. sometimes an innocent person is put to death

B. it is a cruel way to end someones life

C. many witnesses lie

D. only God has the right to kill

3908. Members of the New Class occupy which of the following occupations_________________?
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A. MBAs staring their own firms

B. Out of work middle managers

C. journalists academics media commentators

D. Computer programmers

3909. Approximately how many people inhabit the earth ?
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A. 6 billion

B. 1.2 billion

C. 12 billion

D. 50 billion

3910. Social movements never_________________?
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A. develop into political parties

B. gain control of governments

C. are voluntary associations

D. none of the above

3911. Maintaining full employment stabilizing the economy and pursuing economic growth are issues analyzed in the context of_______________?
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A. microeconomics

B. hyper economics

C. super economics

D. microeconomics

3912. Which is NOT a type of social differentiation ?
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A. Ethnicity and race

B. Stratification

C. Head shape and eye color

D. Sex and age

3913. The Federal Reserve Bank regulates the money supply by__________________?
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A. buying and selling government securities

B. establishing minimum reserve requirements of member banks

C. all of the above

D. the discount rate it charges member banks

3914. Armenia Georgia and Azerbaijan are_____________________?
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A. Slavic nations

B. African nations

C. Baltic nations

D. Asian nations

3915. When a business has multiple absentee owners with limited liability it is a_____________?
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A. corporation

B. partnership

C. proprietorship

D. trust

3916. When the supply and demand curves intersect the final lasting price is achieved This is called_____________?
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A. a buyers market

B. equilibrium price

C. pressure price

D. clearance price

3917. In stratified societies categories of people are ranked by________________?
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A. none of the above

B. hunting lacks prestige

C. food is shared by all

D. food is hoarded by a few

3918. Among the causes of violence the most probable is/are___________________?
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A. a street ethic that requires young men to commit murder to prove their manhood

B. poverty drugs and hopelessness

C. violence presented as entertainment by the media

D. a shocking decline in moral standards

3919. A corporation________________?
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A. all of the above

B. has the advantage of being able to accumulate vast amounts of capital in a short period of time

C. can afford to pay for the latest research and technology

D. is a public institution

3920. The federal system has worked particularly well in_________________?
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A. large sized countries with regional differences

B. small homogeneous countries

C. small urban industrial countries

D. large homogeneous single religion countries

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