economics MCQs – Page 223

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 Review each marked answer and report any item that may be outdated or unclear.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
4441. Future shockis____________?
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A. a phrase used to describe an alien culture

B. what the elderly experience in every society when a new generation comes into power

C. a phrase used by Alvin Toffler to describe the rapidity of change

D. the name of a famous movie dealing with a society of the future

4442. Persons interested in saving the whales could be considered a (n)______________?
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A. public

B. casual crowd

C. acting crowd

D. none of these

4443. Credentialism opens jobs _______________?
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A. to members of skilled professions

B. but has no bearing on the job market

C. to members of academia

D. to all people

4444. The Protestant denomination emphasized in Max Weber,s Protestant Ethic and the Spirit of Capitalism was_______________?
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A. Calvinism

B. Lutheranism

C. Baptism

D. Anglicanism

4445. Which is NOT a theoretical perspective on international relations_______________?
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A. globalism

B. neorealism

C. pluralism

D. scientific democracy
4446. The technological revolution that led to the control of food production is called the_______________?
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A. Cultural revolution

B. Industrial revolution

C. Agricultural revolution

D. Paleolithic revolution

4447. Hitler led the German people by emotional speeches He derived his authority from________________?
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A. personal charisma

B. the Bible

C. God

D. the law

4448. Among the leading causes of divorce are_______________?
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A. none of the above

B. infidelity

C. physical abuse

D. drug and alcohol abuse

4449. Thomas Malthus sated that________________?
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A. fodd increases in a geometric progression

B. population growth is a matter of algebra not geometry or arithmetic

C. populations increase in geometric progression

D. population grow in arithmetic progression

4450. When citizens or government agencies attempt to peacefully correct laws or institutions they are engaged in_____________?
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A. revolution

B. diffusion

C. reform

D. innovation

4451. According to functionalism the fundamental human needs are_____________?
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A. control over nature and the denial of death

B. income safety and deference

C. survival and expressiveness

D. life liberty and the pursuit of property

4452. Politics may be defined as_______________?
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A. the process by which individuals and groups acquire power

B. the statuses and roles that enforce the law

C. the legitimate use of force within a territory

D. all of the above

4453. One conclusion that may be drawn regarding American foreign policy is that________________?
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A. morality will be the foundation of foreign policy

B. none of the above

C. Americans do not always act according to their ideology

D. the world operates on generous feelings toward others

4454. Marx believed religion was used to_______________?
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A. deal with reality

B. help people improve their lives

C. attain immortality

D. support the exploitation of the masses
4455. Government is characterized by a(n)_______________?
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A. all of the above

B. pattern of statuses and roles

C. system of norms and values

D. system to deal with order and defense

4456. Marxists are most interested in_______________?
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A. guerrilla fighting

B. nationalistic revolutionary movements

C. coups d,etat

D. class revolutionary movements
4457. The ethnic groups among whom arranged marriages are common include______________?
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A. Indians (natives of India)

B. All of the above

C. Muslim

D. Hasidic Jews

4458. Reform movements________________?
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A. are always progressive

B. may be reactionary or progressive

C. are equally successful in all types of societies

D. have brought about both communism and fascism

4459. The popularity of spaghetti in the United States resulted from_______________?
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A. diffusion

B. an innovation in agriculture

C. the discovery of noodles

D. the invention of pasta machines

4460. Child abuse___________________?
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A. includes physical and emotional neglect

B. only A B and C

C. has a victimization rate of 12.3 per 1,000 children

D. refers to a wide range of maltreatment