economics MCQs – Page 216

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 Review each marked answer and report any item that may be outdated or unclear.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

4301. Industrialization was accompanied by_______________?
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A. continued accumulation and reinvestment of capital

B. All of the above

C. dehumanization and commodification of labor

D. creation of a middle class

4302. Structural functionalism is the intellectual descendent of________________?
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A. Classical conservatism

B. Social Darwinism

C. Marxism

D. Classical liberalism

4303. What percent of total work hours must be used to fix errors that occur on the assembly line in mass-production plants ?
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A. 25%

B. 40%

C. 50%

D. 35%

4304. In the perspective of realism high politics refers to________________?
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A. issues of war and security

B. social and economic issues

C. diplomatic relations

D. cultural interaction

4305. Human races reflect_______________?
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A. differences in intelligence

B. mixtures of several populations

C. pure stock

D. primarily differences in language

4306. A social movement which becomes a formal organization is said to have undergone________________?
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A. cooptation

B. bureaucratization

C. oligarchization

D. incorporation

4307. The United Stats in an exception in that_________________?
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A. wealth correlates with religion

B. none of the above

C. in most wealth nations religion is very important

D. wealth does not correlate with religion

4308. Islam was established_________________?
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A. well after the founding of either Judaism or Christianity

B. about the time of Moses

C. 400 years before the birth of Jesus Christ

D. around the time of the apostle Paul

4309. The small number of black managers and coaches in professional baseball and football is an example of________________?
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A. cultural discrimination

B. lack of talent among blacks

C. institutional discrimination

D. individual discrimination

4310. The privileged position of the modern industrial nations was attained because of_______________?
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A. a change in the economy from agrarian to industrial

B. a change in the population distribution from rural to urban

C. the discovery of natural resources

D. both urbanization and industrialization

4311. Meads work in New Guinea indicated that__________________?
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A. all tribes in her study stressed male aggression and hostility

B. sex role behavior is conditioned differently in different cultures

C. biology totally controls social role behavior

D. men are men and women are women everywhere

4312. The most important product of the social way of life is__________________?
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A. culture

B. family

C. society

D. marriage

4313. The expectations people have regarding how husbands and wives ought to behave are called marital______________?
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A. norms

B. orders

C. illusions

D. scripts

4314. Marx regarded religion as______________?
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A. a deliberate hoax on the part of dominant classes

B. alienating on both personal and social levels

C. an opiate

D. all of the above

4315. How are decisions about production made in a market economy ?
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A. By a command system

B. By executive fiat

C. Through a price system

D. According to tradition

4316. Critics maintain that the following issues are present in higher education______________?
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A. high tuitions

B. a lowering of standards

C. muzzling of academic freedom

D. all of the above

4317. The participants in a market include_____________?
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A. governments

B. all of the above

C. households

D. firms

4318. The transition from rural living to city living occurred because_______________?
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A. there was less need for farm workers as agriculture became mechanized

B. factories were concentrated in cities

C. social change dictated a new fad urban living

D. of BOTH a decrease in the need for farm workers and the fact that factories were located in cities

4319. Prejudice persists because it________________?
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A. causes guilt feelings and most people need a scapegoat

B. is learned in school

C. is emotionally satisfying

D. is based on rational though

4320. The natural environment is_________________?
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A. the way humans found the earth

B. the total complex of manmade elements in an area

C. the totality of natural conditions and resources that occur in a specific area

D. mountains oceans rivers and deserts

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