economics MCQs – Page 197

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 Review each marked answer and report any item that may be outdated or unclear.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

3921. In most societies ownership of property takes one of three forms________________?
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A. ambiguous hermetic contraceptive

B. communal private public

C. esthetic visible tangible

D. restricted guarded and private

3922. One of the side effects of advertising is that it________________?
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A. helps the wealthy get richer

B. creates artificial demands

C. supplies the real needs of people

D. none of the above

3923. Membership in specific racial ethnic and religious groupings is________________?
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A. a biological rather than a social product

B. a variable of the stratification system

C. characteristic only of industrial societies

D. the cross every individual must bear

3924. In C.Wright Mill,s view what group constitutes an elite ?
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A. The military-industrial-governmental complex

B. The corporate rich only

C. High ranking military officers only

D. Church leaders and educators

3925. Crowds may engage in unpredictable behavior because_______________?
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A. they are temporary

B. individuals can remain anonymous

C. individuals are unpredictable

D. BOTH they are temporary, and individuals are anonymous

3926. The female role as a passive and domestic creature may be conditioned by_______________?
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A. stress on male sports in school

B. TV ads showing women as domestics

C. childrens picture books

D. all of the above

3927. Land labor capital and entrepreneurship ?
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A. must be used separately to produce goods and service

B. must be combined in the production of goods and service

C. have no function in the production of goods and service

D. create a balance between humans and their environment

3928. In order to raise the GNP and the GDP per capita one must____________?
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A. decrease productivity

B. increase productivity

C. increase absenteeism

D. earn more money

3929. Statistics that allow researchers to generalize to a population from a sample are called______________?
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A. descriptive

B. inferential

C. longitudinal

D. correlational

3930. If a janitor got a job as a security guard because it was closer to home he would be experiencing_______________?
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A. horizontal mobility

B. inter structural mobility

C. intragenerational mobility

D. vertical mobility

3931. Japans lean production method is modeled on a system worked out at_______________?
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A. Mitsubishi Motors

B. Nissan Motors

C. Mazda Motors

D. Toyota Motors

3932. The instrumental role was traditionally assigned to______________?
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A. the old

B. children

C. males

D. females

3933. Unions face WHICH of the following problems ?
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A. Loss of membership

B. Expansion of the manufacturing sector

C. Antitrust laws

D. Increasing white-collar membership

3934. Which is characteristic of a strictly closed society ?
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A. Class

B. Strata

C. Estate

D. Caste

3935. The three most important nations in Asia are_______________?
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A. Hong Kong Macao Bali

B. Taiwan Indonesia Tibet

C. Japan India China

D. Singapore South Korea and Malaysia

3936. The classic textbook model of democracy is referred to as the__________________?
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A. referendum model

B. Lockean model

C. Madisonian model

D. majoritarian model

3937. What were guilds ?
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A. Organizations dating back to the 10th century

B. Only b and c

C. Kinds of labor unions

D. A type of money used in the Middle Ages

3938. Primary deviance______________?
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A. is the first deviant act ever discovered

B. is deviance of which we are all guilty at one time or another

C. is a more serious offense than secondary deviance

D. occurs when deviants accept the label

3939. Which of the following statements is true ?
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A. none of the above

B. Most of the health problems associated with growing old pose serious problems by the age of 65

C. A majority of the elderly live in nursing homes

D. Young workers perform far better than elderly workers which is why employers prefer tham

3940. Which is true ?
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A. Downsizing has created a new style of employment

B. Blue-collar workers have suffered layoffs

C. All of the above are true

D. Productivity has increased in the decade of the 1990

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