economics MCQs – Page 227

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 Review each marked answer and report any item that may be outdated or unclear.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

4521. sociocultural change means that______________?
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A. social change is really separate from cultural change

B. the concept is a contradiction in terms

C. social and cultural change are interrelated

D. cultural change has nothing to do with social change

4522. ocial change must be analyzed in terms of________________?
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A. stability and efficiency

B. statics and dynamics

C. if it is good for the people

D. backward and forward progress

4523. Before the Treaty of Westphalia (1648) political organization around the world had been_________________?
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A. uniform and multiform

B. universal and local

C. empirical and patriotic

D. unilateral and generic

4524. The identical twin who lost his penis in a tragic accident______________?
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A. accepted his female identity

B. preferred dolls to guns

C. acted as a female would

D. none of the above

4525. Latent functions of schools include_________?
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A. allowing the formation of a subculture and keeping children in school for a period of time

B. encouraging social mobility

C. promoting nationalism

D. maintaining the class system

4526. The ecosystem is__________________?
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A. the way inanimate objects are placed into the natural system

B. the way living things interact and interrelate with each other and their environments

C. a systematic application of the economy

D. what Hobbes called the state of nature

4527. The most dramatic change that followed each technological revolution was_______________?
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A. a visible decrease in population

B. the systematic migration of populations to different areas

C. a dramatic increase in population

D. a return to an agrarian way of life

4528. In order for power to be legitimate a government must have_____________?
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A. a strong army

B. a charismatic leader

C. the ability to coerce agreement

D. legitimate authority

4529. In modern society death has acquired to some extent a sense of_____________?
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A. meaninglessness

B. appropriateness

C. ordinariness

D. unnaturalness

4530. The widest sphere of human interaction on an international scale is_______________?
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A. international law

B. international relations

C. international economics

D. international security affairs

4531. Factors in the urban crisis include_______________?
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A. the move of the middle class and industry to the suburbs

B. a high percentage of deprived and trapped individuals

C. all of the above

D. the inner city,s declining tax base

4532. Natural resources are_______________?
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A. dispensable

B. finite

C. ready to support many more billions of people

D. infinite

4533. The majority of the human population lives in________________?
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A. Pacific Islands

B. Eurasia

C. New York

D. Africa

4534. People who are suddenly thrust in a situation for which they know no precedent are vulnerable to_______________?
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A. collective behavior

B. normative behavior

C. criminal behavior

D. social behavior

4535. Many listeners to a 1938 science fiction radio program believed that Martians were really invading the Earth They fled into the streets in panic We would call their behavior______________?
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A. fashion

B. rational legal behavior

C. none of the above

D. fantasy

4536. Factors in the decline of the marriage rate include__________________?
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A. all of the above

B. the increase in the incidence of remaining single

C. a delay in the age of first marriage

D. the increase of cohabitation

4537. If population growth in the underdeveloped nations continues unabated in 2050 world population will be______________?
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A. 30 billion

B. 8 billion

C. 10 billion

D. 6 billion

4538. The Industrial Revolution______________?
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A. none of the above

B. began in England in the 1800s

C. caused few sociocultural changes

D. is already finished

4539. Young couples who have children very soon after marriage_______________?
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A. spend very little time together

B. are quite content with their lot

C. experience constant elation

D. all of the above

4540. Discrimination against the elderly has been especially apparent in the area of____________?
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A. creditworthiness

B. retirement

C. employment

D. hospitalization

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