economics MCQs – Page 281

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 Review each marked answer and report any item that may be outdated or unclear.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
5601. Money is___________________?
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A. a method of barter

B. anything of intrinsic value

C. All of the above

D. a means of exchange

5602. The author of a famous treatise on the origin of the state characterized existence in the state of nature as________________?
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A. a pre-Christian utopia

B. similar to an earthly paradise

C. solitary poor nasty brutish and short

D. among noble savages

5603. The resources each spouse brings to a marriage include________________?
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A. all of the above

B. income

C. occupational prestige

D. the ability to earn income

5604. The theologian Ludwig Feuerbach portrayed God as_______________?
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A. all of the above

B. a sort of ideal

C. a figment of the human imagination

D. an inappropriate object of worship

5606. The most numerous forms of business ownership in the United States is the________________?
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A. partnership

B. sole proprietorship

C. subchapter S corporation

D. sole survivorship

5607. Which is FALSE of power ____________________?
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A. All power relationships are one sided

B. People have greater or lesser amounts of power according to their statuses in society

C. It is necessary for exerting social control in society

D. It plays a significant role in all kinds of social interactions

5608. The nuclear family is characteristic of industrial societies because______________?
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A. ascribed status is more important in industrial societies

B. most functions are better performed in secondary groups

C. geographic and social mobility are common in industrial societies

D. a large family means more hands to work

5609. Feminist theory bas borrowed much of the ideas of________________?
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A. the ideology that tries to rationalize women ,s low position in society

B. conflict and Marxist theories

C. The Feminine Mystique

D. psychology

5611. The instruments of foreign policy may be defined as_________________?
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A. ways of competing for the title of superpower

B. tools with which nations try to manipulate other nations

C. exchanges entered into in the spirit of trust

D. expressions of human solidarity around the world

5613. The most experimental of the social sciences is_________________?
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A. psychology

B. sociology

C. archaeology

D. economics

5614. Ecology is the discipline concerned with________________?
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A. human processes such as migration

B. the way living things relate and adjust to each other in a common habitat

C. how ideologies motivate human behavior

D. the growth or decline of population

5615. The term ecclesia means_______________?
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A. a universal religion

B. a state religion

C. a member of the clergy

D. a book of the Bible

5616. The United Nations__________________?
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A. is extremely effective in policing the world

B. Open supports communist and socialist regimes

C. None of the above

D. Is primarily an instrument of the U.S

5617. Economists chart the limits of resources and technology on output through_____________________?
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A. Venn diagrams

B. production-possibility schedules

C. welfare functions

D. product-moment correlations

5619. In education_______________?
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A. smart students easily overcome the disinterest of the family

B. the family is unimportant

C. the family is crucial to student success

D. the social class of the family is unimportant

5620. The importance of status is supported by_____________?
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A. statistics on cancer deaths

B. the fact that people revere academics

C. a recent study by an epidemiologist

D. none of the above