economics MCQs – Page 218

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 Review each marked answer and report any item that may be outdated or unclear.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

4341. When a predominantly foreign government is overthrown the revolution is called_______________?
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A. alternative

B. nationalistic

C. class

D. fascist

4342. The Treaty of Westphalia established ?
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A. the principle that state religions were forbidden

B. secure borders between Germany and France

C. that the power of the state superseded the power of the Catholic church

D. King Henry the VII as the Holy Roman Emperor

4343. Minority groups______________?
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A. tend to show solidarity to each other

B. practice cultural relativity

C. exhibit clannish behavior

D. constitute a subculture within the larger culture

4344. The practice of requiring degrees as a minimum hiring requirement is called_______________?
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A. credentialism

B. elitism

C. syndication

D. academicism

4345. Which statement is an example of stereotyping ?
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A. Judge each individual on his own merits

B. Talent is not the exclusive property of any ethnic group

C. There are good and bad among all ethnic or racial groups

D. All blacks are good basketball players

4346. The Cuban community in Miami is an example of______________?
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A. assimilation

B. accommodation

C. acculturation

D. segregation

4347. An ascribed status that a person cannot change is________________?
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A. last name

B. race

C. religion

D. political party

4348. Which of the following does NOT appear to be a factor in divorce_______________?
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A. dramatic differences in family backgrounds

B. marriage after an engagement of over three years

C. pregnancy shortly after marriage

D. differences in occupational goals and careers

4349. What kind of individual is valued in industrial and postindustrial societies ?
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A. the nonproductive elderly

B. the technically sophisticated and well-educated individual

C. the nonproductive member of an underclass

D. the manual worker

4350. The global social system differs from a societal social system in that________________?
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A. nations do not have common goals

B. nations contain a variety of ethnic and racial groups

C. all of the above

D. no global government exists

4351. The importance of status is supported by_____________?
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A. statistics on cancer deaths

B. a recent study by an epidemiologist

C. none of the above

D. the fact that people revere academics

4352. In economic terms every action entail________________?
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A. prime costs

B. risk

C. opportunity costs

D. fixed costs

4353. The term ecclesia means_______________?
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A. a universal religion

B. a member of the clergy

C. a book of the Bible

D. a state religion

4354. All religions once established consist of_________________?
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A. beliefs rituals and organization

B. doctrine sacraments and priests

C. dogma ecclesia and faith

D. church clergy and believers

4355. The oil supplies of the United States are subject to______________?
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A. environmental depletion

B. price stability

C. constant increase

D. environmental pollution

4356. When metropolitan areas start to merge with each other the result is_______________?
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A. an ecological city

B. a repetition of the Greek polis

C. a megalopolis

D. a standard metropolitan area

4357. The percentage of people around the world who lived in cities in 2005 is approximately________________?
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A. 20 percent

B. 80 percent

C. 49 percent

D. 50 percent

4358. A ghetto tends to contain________________?
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A. slums

B. residents who make up an economic underclass

C. a concentration of one racial group in an area

D. all of the above

4359. Divorced men as compared to married men are subject to_______________?
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A. more instances of depression

B. more suicides

C. all of the above

D. more car accidents

4360. Which religion includes a hierarchy of gods?
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A. Shintoism

B. Christianity

C. Hinduism

D. Zoroastrianism

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