economics MCQs – Page 217

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 Review each marked answer and report any item that may be outdated or unclear.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
4321. Weber,s Protestant Ethicis_______________?
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A. a rejection of the ideological function of religion

B. an explanation of Third-World underdevelopment

C. a refutation of economic determinism

D. a vindication of the morality of capitalism
4322. individuals who hold lesser positions and make less money than their parents are displaying_____________?
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A. intergenerational mobility

B. status inconsistency

C. intragenerational mobility

D. horizontal mobility

4323. The first airplane was a (n)________________?
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A. invention

B. miracle

C. discovery

D. diffusion

4324. When the public perceives that the government has failed the state may be said to be undergoing________________?
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A. a crisis of legitimacy

B. involution

C. revolution

D. a crisis of confidence

4325. The Industrial Revolution was based on_______________?
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A. all of the above

B. new sources power

C. the invention of basic machines

D. the discovery of new material

4326. As of the late 1990s________________?
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A. at least 40 percent of blacks were squarely in the middle class

B. blacks and whites had the same average income

C. black unemployment was the same as that of whites

D. blacks and whites graduated from college at the same rate

4327. By 2050 8 billion of the projected 9.5 billion people will be_____________________?
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A. as wealthy as the developed nations

B. living in predominantly agricultural nations

C. living in poor countries

D. living in industrial nations

4328. When children reach school age their parents_________________?
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A. all of the above

B. experience a decline in martial satisfaction

C. spend more time together and are more content

D. shift their focus toward their own relationship

4329. Change may be experienced on three levels__________________?
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A. micro middle and macro

B. personal impersonal social

C. invention discovery exploration

D. planning reform revolution

4330. Power may be asserted by_________________?
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A. coercion reciprocation or reward

B. promising a reward in return for compliance

C. reciprocating

D. coercion

4331. Males______________?
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A. live longer than females

B. are less likely to die violently

C. have a lower birthrate than females

D. are more prone to aggressiveness than females
4332. Minorities have reacted to domination by developing goals that may be called_________________?
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A. all of the above

B. pluralistic

C. assimilationist

D. secessionist

4333. Entities such as the U.N and the European Economic Community (Common Market) are classed as_____________?
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A. LDCs

B. IGOs

C. EEcs

D. ICUs

4334. Who really owns the corporation? the_________________?
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A. stockholders

B. banks

C. founders

D. Government

4335. The difference in attitudes of whites and African Americans is related to_______________?
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A. social status

B. none of these

C. age

D. social class

4336. An example of resource versatility is_________________?
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A. land used for both mining and recreation

B. Swimming fishing and boating in the same lake

C. stringing beads in the morning fishing in the afternoon, and teaching bead stringing at night

D. All of the above

4337. Subdued religious rituals which appeal to upper-middle -class Protestants are the hallmark of which of the following denominations ?
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A. Episcopalians

B. all of the above

C. Congregationalists

D. Presbyterians

4338. If a broad spectrum of the population is surveyed at a given time the study is called______________?
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A. cross sectional

B. longitudinal

C. descriptive

D. inferential

4339. Among the changes in the family institution which is false ?
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A. marriage rates have declined

B. families have gotten larger

C. there has been an increase in voluntary childlessness

D. the birthrate has greatly declined

4340. Marriage is_________________?
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A. a union recognized as legal by a society

B. always endogamous

C. always monogamous

D. any union of males and females