economics MCQs – Page 201

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 Review each marked answer and report any item that may be outdated or unclear.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 economy2. profit maximizing under perfect competition and monopoly3. application of economics4. the aggregate demand aggregate supply model5. surplus6. money interest rates and output7. average and total cost8. stabilization adjustment reform and privatization9. risks and diversification efficient market hypothesis10. the phillips curve11. supply and demand12. capital formation investment choice information technology and technical progress13. aggregate supply unemployment and inflation14. elasticity15. comparative gdp16. roots of modern macroeconomics17. production factors18. poverty malnutrition and income inequality19. trade regulations and industrial policies20. monetary union21. exchange rate systems and currency crises22. economic development in historical perspective23. exchange rate determination24. monopoly competition25. the balance of payments26. inflation productivity27. macroeconomic issues and analysis28. employment migration and urbanization29. macroeconomic policy tools30. supply side policies31. exchange rate adjustments and the balance of32. miscellaneous33. taxation34. trade policies for the developing nations35. markets efficiency and the public interest36. the external debt and financial crises37. budget deficits and the trade balance38. alternative theories of the firm39. public goods40. the meaning and measurement of economic development41. characteristics and institutions of developing countries42. agriculture irrigation system of pakistan43. education health and human capital44. economic problems of developing countries45. theories of economic development46. basic of economics47. consumer theory vs real consumers48. applied microeconomics49. long term economic growth50. externality internality51. fiscal and monetary policy52. prices wages taxes53. balance of payments aid and foreign investment54. international factor movements and multinational corporations55. entrepreneurship organization and innovation56. the international economy and globalization57. population and development58. non tariff trade barriers59. foundations of modern trade theory60. global economic development61. market62. rural poverty and agricultural transformation63. regional trading arrangements64. foreign exchange65. introduction to economics66. world economy miscellaneous67. sources of comparative advantage68. natural resources and the environment toward sustainable development69. monopoly70. asymmetric information71. income inequality72. labour market73. tariffs74. development planning and policy making the state and the market75. oligopoly76. industrial development77. costs supply and perfect competition78. human capital79. monetary fiscal and incomes policy and inflation80. stocks
4001. Rates of poverty tend to be highest among_______________?
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A. children

B. all of the above

C. minorities

D. Female headed households

4002. Which is NOT a characteristic of crowd behavior ?
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A. Temporary

B. Development of a common mood

C. Behavior according ti previously established norms

D. Individuals totally shed their identity
4003. Max Weber,s notion of life chances closely resembles the concept of________________?
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A. personal power

B. social power

C. social status

D. occupational prestige

4004. Global inequality is evident in_______________?
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A. the items rich countries throw out

B. the size of families

C. per capita

D. all of the above
4005. In the American political system_____________?
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A. real equality for everyone is a fact

B. everyone participates in the political process

C. there is no ruling elite

D. members of Congress and their constituents generally do not know much about what the other thinks
4006. The most recent social movements________________?
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A. are community and locality based?

B. attract the underclass rather than the working class

C. none of the above

D. focus more on economic issues

4007. Which economic orientations govern Western industrial societies ?
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A. Tradition

B. Command

C. Free Market

D. BOTH market and command
4008. Need and demand________________?
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A. are unrelated concepts

B. are closely related to supply

C. are closely related to price

D. amount to the same thing

4009. Which of the following statements is correct ?
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A. If the current account is in deficit then the capital account must also be in deficit

B. The overall sum of all the entries in the balance of payments must be positive

C. If the current accounts is in surplus then the capital account must also be in surplus

D. The overall sum of all entries in the balance of payments must be zero
4010. The foremost advantage of a corporation is its_____________?
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A. capacity for protracted periods of employment

B. ability to profit from the labor of its employees

C. necessity to exhibit the latest technology

D. ability to accumulate vast amounts of capital in a short time
4011. There is no conclusive evidence that differences in the behavior of the two genders are due to______________?
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A. chromosomal differences

B. hormonal differences

C. anatomical differences

D. all of the above
4012. Which is NOT Third World nation ?
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A. Burkina Faso

B. China

C. Zimbabwe

D. Ethiopia

4013. Public opinion is associated with_______________?
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A. face-to-face-communication

B. emergent norms

C. mass society

D. primary groups

4014. The Great Depression_________________?
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A. only B and C

B. was the worst case of massive unemployment

C. resulted from the greed of the robber barons

D. resulted from insufficient demand

4015. The rationalization for having capital punishment is that_______________?
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A. it prevents capital crime

B. it acts as a deterrent

C. societies need to threaten prospective criminals

D. it protects the Biblical commandment against killing

4016. Censorship______________?
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A. is the same as propaganda

B. gives a one-sided interpretation of an issue

C. deletes all or parts of information

D. is the opposite of propaganda?

4017. The difference between racial minorities and ethnic minorities is_______________?
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A. racial minorities have been here longer than ethnic minorities

B. in the size of each group

C. ethnic minorities do not suffer from discrimination but only from prejudice

D. racial minorities differ biologically ethnic minorities differ culturally from the dominant group
4018. With the shift from family capitalism to industrial capitalism the important unit became the_______________?
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A. commune

B. union

C. government

D. corporation
4019. Deviance that has been exposed leads to______________?
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A. labeling

B. forgiveness

C. transmission

D. anomie

4020. When confronted with evidence contrary to their beliefs prejudiced persons will______________?
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A. refuse to change the original judgment in spite of evidence to the contrary

B. change their judgment to conform to new evidence

C. suspend judgment until more evidence is found

D. apologize to the victim of their prejudice