economics MCQs – Page 205

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 Review each marked answer and report any item that may be outdated or unclear.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

4081. Which statement is wrong regarding diplomacy? It_____________?
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A. and diplomats have been quite radically altered in recent years

B. has little to do with the failure to solve basic problems among nations

C. is a recent addition to international relations?

D. has a long history predating the creation of the nation state?

4082. Todays Catholic Church is classified as a________________?
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A. intergovernmental organization

B. nongovernmental organization

C. national state

D. nationless state

4083. Billy Graham,s religious revival meetings are an example of_________________?
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A. spiritual awakening

B. expressive crowds

C. social movements

D. people, s fear of the unknown

4084. Which of the following is a social order crime?
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A. Rape

B. Public drunkenness

C. Burglary

D. Premeditated murder

4085. White -collar crime_____________?
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A. is very costly to society

B. gains small amounts of money for its perpetrators

C. is based on violence

D. is punished more severely than blue-collar crime

4086. Secondary deviance does not occur unless people_______________?
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A. reject deviant labels

B. accept the deviant labels and maintain the behavior in

C. reject the deviant labels but maintain the behavior in

D. accept deviant labels and eliminate the behavior in

4087. A condition of normlessness and separation from legitimate modes of behavior is termed___________?
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A. anomaly

B. anomie

C. alienation

D. trauma

4088. Form the dawn of history through the development of agriculture______________?
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A. males were assigned hunting and other dangerous tasks

B. human infants and their mothers had to protected

C. all of the above

D. men and women participated in a sex-based division of labor

4089. The following people enjoy both status and wealth in our society______________?
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A. ministers

B. research scientists

C. professors

D. physicians

4090. The term prejudice implies that_________________?
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A. one makes a judgment before having all the facts

B. one refuses to change one,s mind even when confronted by facts

C. one takes action against minorities

D. ones judgments are BOTH preconceived and unchangeable

4091. According to Marx which group constituted a ruling elite ?
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A. The workers for the owners of the means of production

B. The bourgeoisie

C. The military

D. The proletariat

4092. Whenever a third party becomes significant its platform _______________ ?
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A. is integrated into the platforms of the two main parties

B. becomes a social movement

C. is rejected by the two main parties

D. is declared unconstitutional

4093. Federalism many be defined as a system of_____________________?
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A. concurrent power

B. regional power

C. central power

D. wholesale power

4094. The jobs of the future will include______________?
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A. steel workers

B. personal services

C. All but A

D. routine services

4095. It has been found that disengagement is usually________________?
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A. often forced

B. very voluntary

C. never forced

D. rarely enforced

4096. Most researchers today use only two approaches to determine social class They are the_______________?
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A. life style approach

B. subjective approach

C. occupational prestige and socioeconomic status(SES)

D. reputational approach

4097. Conflicts between the dominant group and minorities develop because_________________?
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A. the dominant group has coercive power

B. minorities are perceived as different

C. minorities perceive themselves as different

D. all of the above

4098. Power is defined by Max Weber as the ability to__________________?
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A. carry out one,s wishes in spite of resistance

B. do as one pleases

C. gain consent

D. be the strongest in mind and body

4099. The Protestant Ethic supported capitalism through the religious doctrine that praised_________________?
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A. buying indulgences

B. predestination

C. hard work and thrift

D. turning the other cheek

4100. In microeconomics the household is defined as_______________?
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A. the nuclear family

B. everyone who lives under one roof

C. all of the above

D. the extended family

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