economics MCQs – Page 200

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 Review each marked answer and report any item that may be outdated or unclear.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

3981. Inequality has been explained as______________?
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A. all of the above

B. resulting from the struggle for goods and services in a society

C. serving the needs of society

D. being part of the law of nature

3982. Stratification occurs societies that have a____________?
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A. shortage of everything

B. surplus

C. equality

D. capitalistic system

3983. Total planned OR desired spending in the economy as a whole within a given period is called_____________?
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A. pent-up demand

B. aggregate demand

C. excess demand

D. elastic demand

3984. A pluralist in the U.S would maintain that___________________?
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A. power is in the hands of a small homogeneous class of leaders

B. power is spread through multiple centers

C. significant decisions are made by the upper classes

D. policy reflects the wishes of a few elites

3985. The numbers of PACs ?
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A. doubled since 1974

B. quadrupled since 1974

C. tripled since 1074

D. increased nearly sevenfold since 1974

3986. The intended consequences of advertising is to__________________?
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A. create demand

B. create brand awareness and direct consumption

C. increase consumption

D. All of the above

3987. Both fiscal and monetary policies focus on____________________?
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A. the supply side of the market

B. the demand side of the market

C. both sides of the market

D. the global market

3988. The political process_______________?
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A. allows those in positions of power to ignore the peoples wishes

B. none of the above

C. allows those representing minority views to try to become the majority

D. favors those representing majority views

3989. Which of the following is NOT true of minority groups ?
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A. They are subject to differential treatment

B. They are aware of a common group identity

C. They are not aware of their minority status

D. They are recognizable by their visible ascribed traits or cultural customs

3990. Which of the following groups has traditionally had the worst voting record in the United States ?
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A. College educated professionals

B. Urban and suburban residents

C. The young and underprivileged

D. White collar workers

3991. Poverty is related to_______________?
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A. lack of work ethic

B. patterns of prejudice and technological change

C. technological changes only

D. discrimination only

3992. In regard to public and political opinion_________________?
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A. public opinion is limited to few issues

B. political opinion is all opinions expressed on political issues

C. they are the same

D. political opinion deals with all matters

3993. Second- and third-generation immigrants failed to melt in the melting pot because of_______________?
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A. religion

B. skin color

C. residence stability

D. language differences

3994. Collective behavior favors social change because it_______________?
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A. alters peoples perspective

B. none of the above

C. destroys group identity

D. prevents action

3995. The market system consists of planning by__________________?
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A. tradition

B. direction

C. command

D. inducement

3996. Adequate growth of the economy refers to the goals of__________________?
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A. increasing GNP per capita

B. maintaining current standards of living in spite of increasing population

C. approximately 4% growth rate per year

D. all of the above

3997. Income received by households that is not returned to firms is called_______________?
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A. dissavings

B. withdrawals

C. incremental

D. injections

3998. Effective social movement leadership requires_______________?
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A. all of the above

B. marketing skills

C. procedures for succession

D. taking tactical advantage of trends and opportunities

3999. Psychosomatic illness entails____________?
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A. all of the above

B. purely imaginary physical problems

C. bodily ailments creating mental disorder

D. anxiety or emotional tension producing physical symptoms

4000. Federal legislation has sometimes been prompted by_____________________?
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A. inefficiency and sluggishness of state administrations

B. outright opposition by state governments to federal law

C. all of the above

D. a general lack of financial resources and professional expertise at the state level

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