economics MCQs – Page 204

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 Review each marked answer and report any item that may be outdated or unclear.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
4061. Crimes that are tolerated more than others because they seldom include violence include_______________?
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A. copyright infringement

B. price fixing

C. data rape

D. all but B
4062. Diplomacy today gives diplomats________________?
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A. great discretion in making policy decisions

B. limited roles as messengers

C. charge of summit conferences

D. starring roles as celebrities

4063. The presidents most important role is as_______________?
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A. foreign policy maker

B. ceremonial representative of the U.S

C. administrator

D. legislator

4064. The civil rights movement in the United States was a_________________?
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A. nationalistic movement

B. ethical movement

C. reform movement

D. change resistant movement

4065. According to Karl Marx_______________?
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A. status is also a phenomenon of stratification

B. classes are the result of different life styles

C. classes are determined by the relationship of a group in society to the means of production

D. classes are composed of the have-nots who eventually revolt against the haves

4066. Classification of human races is_____________________?
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A. clear-cut

B. restricted to skin color

C. vague because of overlap of traits

D. done according to physical appearance

4067. Which perspective assumes that actors other than states are also important and s whether states are unitary actors ?
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A. Idealism

B. Realism

C. Globalism

D. Pluralism
4068. The Black movement to the urban North from the rural South was similar to______________?
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A. moves of professionals from New York to Los Angeles

B. the arrival of the Cuban middle class after Castro

C. the experience of the American Indians

D. immigration from Europe
4069. Corporations and labor unions_____________?
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A. cannot contribute to congressional candidates

B. may use union or corporate funds to administer PACs

C. can give soft money to a national party for state and local campaigns

D. may establish their own PACs

E. all of the above
4070. The political organization that may have too much influence on elected officials because of its generous contribution is the________________?
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A. Political Action Committee

B. Republican Club

C. Rules Committee

D. Democratic Club

4071. The price system is based on_______________?
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A. a government plan

B. the command of a ruler

C. tradition

D. consumer demand
4072. In economic terms incomes are distributed according to________________?
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A. which skills one has

B. whom one knows

C. innate talent

D. a persons marginal productivity
4073. Efficiency in economic terminology means________________?
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A. using existing technology

B. making do with as few workers as possible

C. obtaining the highest output in the least amount of time

D. ignoring the time factor

4074. Which of the following is an example of a sociological theory of deviant behavior ?
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A. Cooley,s theory of original sin

B. Freud,s theory that anatomy is destiny

C. Mead,s theory of inherited criminality

D. None of the above
4075. The nation that social institutions reinforce and legitimize class division is derived from___________?
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A. Emile Durkheim

B. Karl Marx

C. Adam Smith

D. Max Weber

4076. Another name for cultural transmission theory is______________?
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A. anomie

B. innovation

C. labeling theory

D. differential association theory
4077. Foreign policy decisions may be categorized into those that are________________?
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A. crisis

B. general

C. all of the above

D. administrative

4078. Political parties in the U.S function to______________?
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A. engage in political socialization

B. define the interests of the people in the form of a platform

C. all of the above

D. provide personnel to run the government

4079. Which statements is FALSE ?
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A. Blacks still lag behind whites in life chances particularly in the economic sector

B. The civil rights movement has raised black consciousness and helped decrease self hatred

C. The black underclass finds itself in the situation of being a minority within a minority

D. Relations between blacks and whites are 100 percent improved
4080. The argument that in some situations the government had to prime the pump was advanced by________________?
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A. Karl Marx

B. John Maynard Keynes

C. Adam Smith

D. Milton Friedman