economics MCQs – Page 284

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 Review each marked answer and report any item that may be outdated or unclear.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

5661. To use up the final products of production is to_______________?
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A. appropriate

B. allocate

C. distribute

D. consume

5662. In the U.S the military is________________?
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A. subordinate to the government

B. the basis of legitimate government

C. a provision of government

D. synonymous with government

5663. Which statement is FALSE ?
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A. People rank themselves according to wealth prestige and power

B. In simple societies social differences among individuals are nonexistent

C. Slavery serfdom and caste are all instances of inequalities that are social in nature

D. Stratification occurs in every society that has produced a surplus

5664. The push for teaching people to read in the English-speaking world was based on a desire to read_______________?
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A. shop manuals

B. maps

C. the Bible

D. history

5665. The most common form of religious behavior is__________________?
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A. tithing

B. prayer

C. mana

D. taboo

5666. Even in a democracy the state can________________?
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A. deprive people of their lives

B. size property

C. all of the above

D. imprison persons

5667. Property is defined in terms of rights of_________________?
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A. consumption

B. production

C. distribution

D. Ownership

5668. Corporations wield power through_____________?
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A. All of the above

B. PACs

C. interlocking directorates

D. investment portfolios

5669. Discrimination against the elderly has been especially apparent in the area of____________?
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A. creditworthiness

B. employment

C. hospitalization

D. retirement

5670. The expectations people have regarding how husbands and wives ought to behave are called marital______________?
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A. illusions

B. orders

C. norms

D. scripts

5671. An accountant is part of which sector ?
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A. Quaternary

B. secondary

C. primary

D. Tertiary

5672. The elderly are a minority because them________________?
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A. are a small percentage of the population?

B. cannot defend themselves

C. are physically weak

D. lack power

5673. Ideologies_______________?
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A. do not underlie all political movements

B. underlie only revolutionary movements

C. underlie all social movements

D. underlie only political movements

5674. The knowledge of how the blood circulates in the body is a(n)______________?
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A. diffusion

B. innovation

C. discovery

D. invention

5675. The difference between government and state is that________________?
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A. government is a process that includes the people who exercise political power

B. the state is an abstract symbol of the political institution

C. government is symbol state is the process

D. government is a process and the state is an abstract symbol

5676. Meads work in New Guinea indicated that__________________?
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A. men are men and women are women everywhere

B. biology totally controls social role behavior

C. all tribes in her study stressed male aggression and hostility

D. sex role behavior is conditioned differently in different cultures

5677. Reproduction outside the family__________________?
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A. has not been positively sanctioned in any society

B. is considered a sin by all religions of the world

C. cannot occur

D. reflects the norms and values of Pakistan society

5678. In a few cultures a women can have several husbands at one time This custom is called_________________?
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A. monogamy

B. polygyny

C. bigamy

D. polyandry

5679. Lean production________________?
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A. combines the best features of craft and mass production

B. has as its goal perfection

C. All of the above

D. pushes responsibility down the organizational ladder

5680. The difference between an average workers salary and that of the average CEO has_______________?
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A. gradually narrowed

B. greatly increased

C. slightly increased

D. remained stable

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