economics MCQs – Page 274

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 Review each marked answer and report any item that may be outdated or unclear.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

5461. The Protestant denomination emphasized in Max Weber,s Protestant Ethic and the Spirit of Capitalism was_______________?
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A. Baptism

B. Anglicanism

C. Calvinism

D. Lutheranism

5462. A 44-nation survey regrading religions found that_________________?
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A. the English and the French are much more religious than Americans

B. Canadians are as religious as Americans

C. Americans are the least religious of these nations

D. 59 percent of Americans said that religions played an important role in their lives

5463. Ideology________________?
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A. all of the above

B. underlie all social movements

C. underlie all governments

D. explains why things are as they are

5464. The Micropolitan Statistical Area consists of_______________?
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A. one urban cluster of at lest 10,000 but less than 50.000 population

B. one city of at least 1 million population

C. a region of the country

D. one city of at least 50,000 population

5465. Among the leading causes of divorce are_______________?
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A. infidelity

B. drug and alcohol abuse

C. none of the above

D. physical abuse

5466. The high divorce rate in industrial societies related to______________?
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A. the importance of religion

B. the low status of women

C. emphasis on group goals

D. the stress on values of individualism and personal goals

5467. Cults differ from sects in that______________?
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A. all of the above

B. the have no ties to existing religious groups

C. they reject the status quo

D. they are small voluntary and exclusive

5468. 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. a global social system does not exist

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

D. there exists consensus on values on a global level

5469. One conclusion that may be drawn regarding American foreign policy is that________________?
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A. none of the above

B. Americans do not always act according to their ideology

C. morality will be the foundation of foreign policy

D. the world operates on generous feelings toward others

5470. The real problem in population growth is________________?
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A. uneven density of population

B. sheer numbers

C. population growth presents no problem

D. that most societies have a fertility rate

5471. An example of polytheism is________________?
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A. Buddhism

B. Hinduism

C. Christianity

D. Zoroastrianism

5472. Natural resources are_______________?
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A. finite

B. infinite

C. dispensable

D. ready to support many more billions of people

5473. Urban renewal has_________________?
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A. provided good housing for the poor

B. moved residents but not improved conditions

C. eliminated housing discrimination

D. secured many jobs for the poor

5474. Credentialism opens jobs _______________?
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A. to all people

B. but has no bearing on the job market

C. to members of skilled professions

D. to members of academia

5475. Thomas Malthus sated that________________?
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A. population growth is a matter of algebra not geometry or arithmetic

B. populations increase in geometric progression

C. population grow in arithmetic progression

D. fodd increases in a geometric progression

5476. Demographers believe that_______________?
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A. the underdeveloped nations must increase their birthrate

B. the demographic transition represents a general pattern

C. Western societies are doomed to extinction

D. population grows in inverse proportion to food production

5477. 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. unipolar system

B. multipolar system

C. bipolar system

D. assured destruction system

5478. The most common form of marriage today is_______________?
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A. polyandry

B. polygamy

C. polygyny

D. none of these

5479. The government is_______________?
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A. the ultimate source of social control

B. institutionalized social control

C. a way of insuring absolute freedom for citizens

D. BOTH ultimate and institutionalized social control

5480. Mistreatment or abuse of children________________?
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A. occurs less frequently in extended families

B. happens only in industrial societies

C. occurs with greater frequency in extended families

D. is a function of social class

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