economics MCQs – Page 209

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 Review each marked answer and report any item that may be outdated or unclear.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

4161. Marx believed that the state would vanish when_____________?
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A. social classes ceased to exist

B. all societies became capitalist

C. the lion would lie down with the lamb

D. the elite would work toward the good of the masses

4162. Suburban growth was based on___________________?
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A. movement of factories out of the cities

B. expensive suburban property

C. wartime industrial expansions

D. the development of automobile travel

4163. An area which is today in the first stage of the demographic transition is the following________________?
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A. china

B. U.S.A

C. Tropical Africa

D. Japan

4164. Endogamy and exogamy are_______________?
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A. social limitations placed on marriages

B. ways of studying institutions

C. practiced only by select groups in society

D. two social science disciplines

4165. Durkheim viewed religion as a form of social_________________?
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A. innovation

B. integration

C. ingratiation

D. recreation

4166. It is true of divorce rates that_______________?
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A. they increased dramatically with industrialization

B. they are highest in the Untied States

C. they have stabilized at 3.6 per 1000 marriages

D. all of the above are true

4167. An accountant is part of which sector ?
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A. primary

B. secondary

C. Tertiary

D. Quaternary

4168. The first European people to form a nation were is________________?
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A. Picts

B. English

C. Scots

D. Slavs

4169. The instruments of foreign policy may be defined as_________________?
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A. tools with which nations try to manipulate other nations

B. expressions of human solidarity around the world

C. ways of competing for the title of superpower

D. exchanges entered into in the spirit of trust

4170. The view that the state has emerged to protect the rights of a privileged few has been expressed by philosophers of which school of thought ?
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A. Hegelianism

B. Ideologist

C. Conflict

D. Functionalism

4171. A person affected by nationalism______________?
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A. displays feelings of ethnocentrism

B. identifies with a states culture

C. all of the above

D. shares a state,s interests and goals

4172. To assign uniform characteristics to an entire group of people without allowing for individual differences is called_____________?
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A. characterizing

B. prejudging

C. discriminating

D. stereotyping

4173. The sate differs from all the other institutions in that_______________?
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A. membership is compulsory for all residents of its territory except for aliens and visitors

B. it is an abstract concept

C. all of the above

D. its political control is complete

4174. The practice of U.S corporations movings their production facilities abroad is called________________?
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A. insourcing

B. Oligopoly

C. multinationalism

D. diversification

4175. Futurist Alvin Toffler called his concept_______________?
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A. future shock

B. culture shock

C. myocardial shock

D. static shock

4176. One of the perceived advantages of suburban living is_______________________?
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A. older more gracious housing

B. larger variety of cultural resources

C. greater safety from crime

D. concentration of apartments

4177. The most experimental of the social sciences is_________________?
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A. sociology

B. economics

C. psychology

D. archaeology

4178. The subordinate position of women in decision making may result from_____________?
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A. womens modesty

B. the choice of women as leaders

C. the instrumental role assumed by males

D. women being less intelligent than men

4179. According to Gordon Allport,s theory of contact_______________?
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A. equal status between groups increases prejudice

B. unequal status between groups reduces prejudice

C. Southern blacks and whites of the same social class have been driven further apart in recent years

D. equal status between groups leads to reduced competition

4180. Status inconsistency is defined as_________________?
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A. the least important dimension of stratification

B. the order of importance given to status variables

C. the mechanism high status persons use to protect themselves from competition

D. the condition of persons who are ranked higher in one variable of status than another

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