economics MCQs – Page 225

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 Review each marked answer and report any item that may be outdated or unclear.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

4481. The knowledge of how the blood circulates in the body is a(n)______________?
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A. innovation

B. diffusion

C. invention

D. discovery

4482. Name the country which has the largest natural gas reserves in the world ?
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A. Russia

B. India

C. Canada

D. Italy

4483. Change felt through new patterns of individual and small-group interaction is called_______________?
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A. innovation

B. macro-level change

C. micro-level change

D. diffusion

4484. For neo-realists the international order is one of________________?
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A. total anarchy

B. quasi-anarchy

C. full cooperation

D. centralized power

4485. Social institutions________________?
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A. make up cultural components

B. all of the above

C. are things like banks and schools

D. are ingrained patterns of behavior representing solutions to universal human needs

4486. It is most accurate to say that_____________?
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A. the global social system closely resembles a social system closely resembles a social system

B. there exists consensus on values on a global level

C. a global social system does not exist

D. the global social system differs considerably from a societal social system

4487. A crisis of legitimacy indicates that_______________?
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A. the social order requires piecemeal reform

B. general apathy has overtaken the public

C. better government propaganda is in order

D. the public perceives that legitimate government has failed

4488. Country with the largest GNP (Gross National Product) is:________?
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A. China

B. United States

C. Japan

D. Germany

4489. What is the GDP growth of Pakistan in 2021 ?
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A. 4.2

B. 3.9

C. 2.5

D. None of these

4490. The balance-of-power system in which four of more major powers competed and formed shifting alliances to avoid any one becoming stronger than any other was called the________________?
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A. bipolar system

B. unipolar system

C. assured destruction system

D. multipolar system

4491. Which is NOT a new alternative to the traditional family ?
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A. Extended family

B. Reconstituted family

C. Blended family

D. Single-parent family

4492. The high divorce rate in industrial societies related to______________?
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A. emphasis on group goals

B. the importance of religion

C. the stress on values of individualism and personal goals

D. the low status of women

4493. Since state and nation are not the same thing the preferred term for individual political entities is_______________?
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A. dominions

B. territories

C. nation-sates or national states

D. principalities

4494. The reality that lies beyond human perception is called__________________?
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A. transcendent reality

B. transient reality

C. transpersonal reality

D. paranormal reality

4495. Persons set apart for differential treatment include________________?
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A. those affected by physical and mental disabilities

B. the rich and famous

C. homosexuals

D. BOTH the disabled and those with same-sex preferences

4496. In industrial societies the social class most likely to participate in social movements is the__________?
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A. lower class

B. upper class

C. all social classes equally

D. middle class

4497. An example of polytheism is________________?
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A. Christianity

B. Hinduism

C. Buddhism

D. Zoroastrianism

4498. Social organization in the city brought ALL BUT which one of these changes ?
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A. Formal agencies of control multiplied

B. Primary group ties became less important

C. The class structure became more rigid

D. Families became nuclear

4499. Social movements are forms of collective behavior that have____________________?
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A. no specific ideology

B. no particular program of action

C. a sense of solidarity

D. an insignificant number of persons involved

4500. The family-and particularly marriage-binds its members through_______________?
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A. educational functions

B. legal and economic bonds

C. class conflict

D. interfaith competition

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