economics MCQs – Page 198

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 Review each marked answer and report any item that may be outdated or unclear.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

3941. Women first assumed subordinate roles when they_________________?
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A. assumed primary child-care responsibilities

B. stayed home when men hunted

C. left home to gather food

D. ceased to gather the majority of the food supply

3942. Social scientists are interested in collective behavior because it is________________?
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A. often the basis of important social change

B. not tied to social factors

C. so predictable

D. reflective of purely animal behavior

3943. Violent crowd behavior______________?
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A. always goes against the wishes of individual members

B. is usually temporary

C. is generally random

D. has no limits in its antisocial nature?

3944. Present theories of stratification__________________?
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A. offer ways to end inequality

B. answer the of what causes inequality

C. agree that inequality is an evil

D. offer two different ways of looking at inequality

3945. What is meant by the public sector ?
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A. Economic activities open to the public

B. Economic activities in which self-interest makes for personal affluence

C. The goals of the society

D. Economic activities in which the government engages for the public good

3946. CEO stands for_______________?
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A. chief executive officer

B. Caribbean Entrepreneurs Office

C. clear everybody out

D. capital employment outlay

3947. The purpose of the Monroe Doctrine was_______________?
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A. to let the world, know who the superpower is

B. to warn the Japanese to steer clear of the Caribbean in exchange for U.S non-intervention in Afghanistan

C. to warn European powers to keep away from the Western Hemisphere in return for U.S nonintervention in Europe

D. to conquer the Soviet regime and attach Siberia to the United States

3948. What function do politicians serve according to pluralists ?
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A. Front men

B. Statesmen

C. Shills or decoys

D. Power and interest brokers

3949. Life expectancy is____________________?
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A. about the same across social classes

B. lower for the lower classes

C. lower for the upper-middle class

D. lower for the middle class

3950. Ethnic groups are based on_________________?
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A. skin color

B. common customs and /or identities

C. eye shape

D. genes

3951. The opposite of the rule of law is________________?
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A. the rule of reason

B. the rule of custom

C. the rule of men

D. anarchy

3952. Extraction of raw materials occurs in which sector of the economy ?
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A. Primary

B. Secondary

C. Tertiary

D. Quaternary

3953. Which status is in transition and difficult to classify in corporate relationships ?
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A. Union official

B. CEO

C. Foreman

D. Stock holder

3954. The chief function of interest group is to________________?
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A. bring into the open obscure problems to be solved

B. provide geographic representation

C. provide group representation above and beyond that provided by our elected officials in Congress

D. choose candidates for political office

3955. Which resources are scarce in every society ?
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A. Food shelter and protective coverings

B. Fertile land

C. Sufficient males to mate with all the females

D. Wheat and com

3956. Which groups are hardest hit by the death of a spouse ?
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A. Women who derived their identity from being someones wife

B. Women living in large cities those with small incomes and those who are fairly young

C. all of the above

D. The more elderly widowers

3957. Reform movements_________________?
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A. are more successful in authoritarian than in democratic societies

B. aim to change the entire society

C. substitute one ruling class for another

D. may be progressive or reactionary

3958. Exceptions to the circular flow are__________________?
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A. injections

B. incidentals

C. B and C only

D. withdrawals

3959. Specialized division of labor in industrial societies can make workers feel that they_______________?
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A. have no sense of accomplishment

B. all of the above

C. are an anonymous group

D. have lack of control

3960. The Untied States Constitution provides for the________________?
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A. principle of federalism

B. doctrine of elitist pluralism

C. doctrine of executive privilege

D. concept of polis

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