economics MCQs – Page 287

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 Review each marked answer and report any item that may be outdated or unclear.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

5721. Which women are most likely to report feeling unhappy after their divorce ?
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A. childless middle-aged women

B. elderly women

C. none of the above

D. young mothers

5722. What kind of labor does the craft method require ?
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A. High-cost, highly skilled

B. Untrained and unmotivated

C. Untrained and unskilled

D. Lean skilled and motivated

5723. The largest number of statistical areas in the United States are______________?
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A. CBSAs

B. SMSAs

C. MSAs

D. CMSAs

5724. The most important product of the social way of life is__________________?
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A. marriage

B. family

C. society

D. culture

5725. By 2050 8 billion of the projected 9.5 billion people will be_____________________?
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A. as wealthy as the developed nations

B. living in predominantly agricultural nations

C. living in industrial nations

D. living in poor countries

5726. The small number of black managers and coaches in professional baseball and football is an example of________________?
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A. institutional discrimination

B. lack of talent among blacks

C. individual discrimination

D. cultural discrimination

5727. Gender assignment is based on______________?
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A. social expectations only

B. a combination of biology and socialization

C. sexuality only

D. biological sex only

5728. American military policy has been built on___________________?
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A. trust in U.S allies

B. assured destruction capability

C. a spirit of peace in the world

D. very large number of troops

5729. The important point about biological and cultural differences among people is______________?
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A. the fact that to have more is better than to have less in all circumstances

B. the evidence that some traits are more desirable than others

C. those with most power can determine cultural values

D. the social meanings people give these differences

5730. Modernization in Britain was not as disruptive as in other countries because_______________?
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A. the British were ahead of other societies in their level of civilization

B. the British had the Magna Carta which protected civil rights

C. the rate of change was slower, so integration of new values was possible

D. the British are smarter

5731. The forces and processes revolving around government is policies and actions are called_________________?
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A. dynamics

B. statics

C. general social processes

D. politics

5732. The ideology of ageism__________________?
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A. has little impact on the society

B. prevails only in the U.S

C. asserts that the very young and the very old are inferior

D. applies only to the old

5733. Which branch of Judaism ordains women as rabbis ?
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A. Sephardic

B. Orthodox

C. Conservative

D. Reform

5734. As a result of social change some members of society_______________?
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A. play new roles

B. occupy new statuses

C. become social climbers

D. take on BOTH new statuses and new roles

5735. Who really owns the corporation? the_________________?
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A. stockholders

B. Government

C. founders

D. banks

5736. A study of male identical twins one of whom had been castrated by accident during circumcision and treated as a little girl until puberty showed that_______________?
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A. the intact twin gradually became more feminine

B. all of the above

C. the castrated male still acted like a tomboy

D. the castrated twin was tidier than his brother but never played with dolls

5737. Critics maintain that the following issues are present in higher education______________?
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A. all of the above

B. high tuitions

C. a lowering of standards

D. muzzling of academic freedom

5738. A person affected by nationalism______________?
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A. shares a state,s interests and goals

B. identifies with a states culture

C. all of the above

D. displays feelings of ethnocentrism

5739. Products of the economy used in production as opposed to gifts of nature are______________?
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A. labor

B. capital

C. entrepreneurship

D. land

5740. The highest victimization rates occur________________?
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A. equally in all age groups

B. in the 0 to 3 year age group

C. in the 10-15 years age group

D. in the teenage years

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