economics MCQs – Page 222

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 Review each marked answer and report any item that may be outdated or unclear.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

4421. The elderly are a minority because them________________?
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A. cannot defend themselves

B. are a small percentage of the population?

C. are physically weak

D. lack power

4422. Mistreatment or abuse of children________________?
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A. occurs with greater frequency in extended families

B. occurs less frequently in extended families

C. happens only in industrial societies

D. is a function of social class

4423. If price consumption curve will be horizontal on x-axes then elasticity of demand will be:___________?
0

A. Greater than 1

B. Equal to 0

C. Equal to 1

D. Less than 1

4424. As a result of social change some members of society_______________?
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A. play new roles

B. occupy new statuses

C. become social climbers

D. take on BOTH new statuses and new roles

4425. Foreign aid________________?
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A. has been used as an instrument of foreign policy by the U.S

B. None of the above

C. should be abolished until poverty is eliminated is our own society

D. is what ultimately overthrowing communism

4426. Conditions associated with long-term marriages include_________________?
0

A. whether the women came from an intact family

B. all of the above

C. a womens family income

D. a womens age at marriage

4427. In some cultures a women a can have several husbands at one time. This custom is called____________?
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A. serial marriage

B. lunacy

C. polygyny

D. polyandry

4428. What kind of individual is valued in industrial and postindustrial societies ?
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A. a highly educated intellectual

B. nonproductive citizens

C. manual workers

D. the poor and alienated

4429. The basic components of the state include ALL BUT WHICH of the following ?
0

A. Territory

B. Armed services

C. Sovereignty

D. Population

4430. The real problem in population growth is________________?
0

A. population growth presents no problem

B. that most societies have a fertility rate

C. sheer numbers

D. uneven density of population

4431. Economies of Scale meaning ?
0

A. Cost on all products

B. Higher per unit Cost

C. Reduced per unit Cost

D. None of these

4432. Identification theory is based on the ideas of______________?
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A. Erikson

B. Freud

C. Mead

D. Cooley

4433. A temporary collection of people gathered in the same place at the same time becomes a crowd when they______________?
0

A. are personally acquainted with each other

B. have the same thing in mind as to how to behave

C. interact on a face-to-face basis

D. respond to a common stimulus

4434. Women after divorce_______________?
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A. need not do any of the menial housework

B. have a more difficult psychological adjustment than men

C. experience a 45 percent drop in income

D. all of the above

4435. According to French philosopher Jean-Jacques Rousseau the state emerged_______________?
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A. all of the above

B. after the establishment of private property

C. because people began to fight among themselves

D. to restore peace

4436. In essence people need government because________________?
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A. of their competitive nature

B. they have not reached a sufficient amount of civilization to exist without it

C. brute force is not sufficient keep them in line

D. they live in groups and need a degree of order

4437. A perspective that focuses on power relations between spouses is called_______________?
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A. transactional analysis

B. dependency theory

C. resource theory

D. micro conflict theory

4438. Cohabitation_______________?
0

A. among college-educated high-income groups

B. is most popular among the 24-35 age group

C. only A and B

D. among working couples

4439. Which is NOT a theory of socialization into gender roles ?
0

A. social learning theory

B. identification theory

C. cognitive development theory

D. string theory

4440. Death rates are______________?
0

A. defined as the number of deaths per 1000 people per country per year

B. deaths of infants before they are one year old

C. the rate at which infants survive past their first year

D. the rate a which the elderly die in any given year

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