economics MCQs – Page 213

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 Review each marked answer and report any item that may be outdated or unclear.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

4241. The overall poverty rate is highest among______________?
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A. black males

B. children under 6

C. women

D. the elderly

4242. The New Class is characterized as consisting of______________?
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A. the working poor

B. former members of the middle class

C. apolitical bureaucrats

D. professionals with skills important in the information society

4243. Durkheim believed that religion__________________?
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A. exploited the masses

B. had nothing to do with social life

C. was a radical force in society

D. was a reflection of human society

4244. international relations include________________?
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A. declared but not undeclared wars

B. public but not private diplomacy

C. all of the above

D. legal but not illegal or black market trade

4245. The ultimate effect of stratification systems is to________________?
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A. provide a work force for society

B. help people decide whom they should marry

C. fulfill the laws of nature

D. create inequality

4246. The relationship of organisms to their environments is called________________?
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A. ecological

B. chemical

C. physical

D. astral

4247. What kind of labor does the craft method require ?
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A. High-cost, highly skilled

B. Untrained and unmotivated

C. Untrained and unskilled

D. Lean skilled and motivated

4248. Which is NOT form of plural marriage ?
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A. Polyandry

B. Polygamy

C. Polygyny

D. Monogamy

4249. Zero population growth_________________?
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A. must be achieved by all nations by the year 2005

B. means that no more children are born

C. is actively pursued by many of the underdeveloped nations

D. indicates that the fertility rate has dropped below the replacement level

4250. Italy has had many changes in political leadership since World War II However economic and legal specialists keep the nation going We would call their authority_______________?
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A. legal-rational

B. traditional

C. charismatic

D. irrational

4251. Societies with landed gentry and inherited titles resemble_________________?
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A. estate systems

B. status systems

C. class systems

D. caste systems

4252. Latino neighborhoods have prospered because________________?
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A. they are well organized politically

B. they try to use English instead of their native Spanish

C. they have a common culture

D. Latinos have a strong sense of community

4253. A strong predictive factor of becoming an abusive parent is________________?
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A. none of the above

B. to have felt unloved and unwanted by one,s own parents

C. to have felt the injustice of abuse

D. to have come to believe that abuse is the way things are

4254. Economists chart the limits of resources and technology on output through_____________________?
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A. Venn diagrams

B. welfare functions

C. production-possibility schedules

D. product-moment correlations

4255. Products of the economy used in production as opposed to gifts of nature are______________?
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A. capital

B. entrepreneurship

C. land

D. labor

4256. Gentrification is the trend of__________________?
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A. city residents returning to manor houses in country

B. continued movement to suburbs

C. city dwellers learning proper manners

D. middle class professionals renovating old city housing and using them as

4257. The highest victimization rates occur________________?
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A. equally in all age groups

B. in the 10-15 years age group

C. in the teenage years

D. in the 0 to 3 year age group

4258. Functionalists approach the state as a tool to________________?
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A. maintain order

B. maintain the state of nature

C. protect private property

D. protect the privileged few

4259. Which of the following processes includes isolation of the minority population ?
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A. segregation

B. assimilation

C. acculturation

D. accommodation

4260. The author of a famous treatise on the origin of the state characterized existence in the state of nature as________________?
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A. a pre-Christian utopia

B. similar to an earthly paradise

C. solitary poor nasty brutish and short

D. among noble savages

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