economics MCQs – Page 228

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 Review each marked answer and report any item that may be outdated or unclear.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

4541. An example of a basic pivotal institution is_____________?
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A. show business

B. the family

C. sports

D. gossip

4542. Political power_______________?
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A. characterizes all dictatorships

B. is power exercised by the state through its government

C. appears only in capitalistic societies

D. belongs to a ruler in democratic regimes

4543. Kinsey maintained that______________?
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A. one is either a heterosexual or a homosexual

B. bisexuals lack specific hormones

C. people should have sex-change operations if they felt they were the wrong sex

D. sexuality exists on a continuum

4544. Crowds and masses differ in that___________________?
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A. masses are not personally connected to one another

B. masses of people must always be in the same physical setting

C. people in a crowd are in close proximity to one another

D. collective behavior cannot take place in masses

4545. Which perspective assumes that the state speaks with one voice and has one policy ?
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A. globalism

B. pluralism

C. all of the above

D. realism

4546. The processes of cultural change include______________?
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A. conservatism and reactionism

B. conformity and obedience

C. nationalism and patriotism

D. innovation and invention

4547. The real revolution of the last twenty years according to one sociologist refers to_______________?
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A. serial or throwaway marriages

B. women,s lack of interest in marriage

C. the jailing of spouse abusers and marital rapists

D. male bonding and tribalism

4548. Cohabiting couples__________________?
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A. represent the great majority of couples

B. are predominantly homosexual

C. are an old phenomenon

D. represent an example of premarital life

4549. The noncustodial parent______________?
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A. is usually unfit to be a parent

B. none of the above

C. renounces all responsibility for his children

D. is often a deadbeat dad

4550. The Pope,s leadership of the Catholic Church is based on which kind of authority ?
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A. Democratic

B. Legal-rational

C. Charismatic

D. Traditional

4551. Oligopoly means:___________?
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A. None of the above

B. Monopoly shared by few large sellers

C. Just one supplier of an item

D. Business by rich people

4552. In his book The Inevitability of Patriarchy Steven Goldberg asserts that_____________?
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A. men perform the highest status non-maternal roles in all societies

B. matriarchal societies have never existed

C. men dominate male-female relationships

D. all of the above

4553. In rural Pakistan a person must marry within his or her caste This custom is called______________?
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A. polygamy

B. exogamy

C. purdah

D. endogamy

4554. Structured inequality of gender roles_____________?
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A. began with hunting and gathering societies

B. has been with humans from the dawn of culture

C. has its origins in agricultural communities?

D. is peculiar to industrial societies

4555. Studies have found that__________________?
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A. the more severe the abuse the more extreme the later psychiatric symptoms

B. victims of child abuse become troubled adults

C. not all abused children go on to abuse their own children

D. all of the above

4556. Redemptive movements include________________?
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A. the civil rights movement

B. the antinuclear movement

C. the womens liberation movement

D. fundamentalist Christianity

4557. Power is legitimate if_________________?
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A. a majority of societal members accept its use as right and proper

B. it is enforced on members of society

C. it is rational

D. it has been transmitted in a traditional way

4558. Legal-rational authority is characteristic of________________?
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A. totalitarian societies

B. urban industrial developed societies

C. homogeneous societies

D. traditional agrarian societies

4559. In the case of the male twin castrated during circumcision________________?
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A. his case proves that nurture is stronger than nature

B. he was content living as a female

C. in spite of attempted socialization as a female he was unhappy in his gender

D. he behaved as a little girl once he was given female hormones

4560. Durkheim,s analysis suggests that so-called primitive people__________________?
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A. invented the concept of gods

B. though they were gods

C. saw themselves as clans of animals

D. projected their human ideals and personified them as gods

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