economics MCQs – Page 289

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 Review each marked answer and report any item that may be outdated or unclear.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

5761. The view that nationalism would wither away was held by_________________?
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A. Marxists

B. all of the above

C. classical liberals

D. stoic philosophers like Marcus Aurelius

5762. Italy has had many changes in political leadership since World War II However economic and legal specialists keep the nation going We would call their authority_______________?
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A. traditional

B. legal-rational

C. charismatic

D. irrational

5763. Environmental depletion is the term used to mean that________________?
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A. natural resources can be substituted with artificial ones

B. humans are capable to adapt to other resources when the old ones disappear

C. natural resources are increasing in proportion to an increased demand for them

D. natural resources are decreasing as demand for them increase

5764. An ascribed status that a person cannot change is________________?
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A. religion

B. last name

C. race

D. political party

5765. When citizens or government agencies attempt to peacefully correct laws or institutions they are engaged in_____________?
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A. revolution

B. diffusion

C. innovation

D. reform

5766. The view that the state has emerged to protect the rights of a privileged few has been expressed by philosophers of which school of thought ?
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A. Functionalism

B. Conflict

C. Ideologist

D. Hegelianism

5767. Minority groups______________?
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A. tend to show solidarity to each other

B. constitute a subculture within the larger culture

C. exhibit clannish behavior

D. practice cultural relativity

5768. Future shockis____________?
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A. the name of a famous movie dealing with a society of the future

B. a phrase used by Alvin Toffler to describe the rapidity of change

C. a phrase used to describe an alien culture

D. what the elderly experience in every society when a new generation comes into power

5769. The first European people to form a nation were is________________?
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A. Slavs

B. English

C. Scots

D. Picts

5770. The basic assertion of ageism is that________________?
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A. the old are superior to the young

B. the young are superior to the old

C. there is a smooth transfer of roles between the old and the young

D. work is best left to those who can do it

5771. The smallest percentage of the poor consists of_______________?
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A. minorities

B. children

C. women

D. the elderly

5772. Endogamy and exogamy are_______________?
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A. social limitations placed on marriages

B. two social science disciplines

C. ways of studying institutions

D. practiced only by select groups in society

5773. In the case of the male twin castrated during circumcision________________?
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A. he was content living as a female

B. his case proves that nurture is stronger than nature

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

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

5774. Children of divorce have________________?
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A. the most difficulty at ages nine and ten

B. fewer problems of adjustment than children from intact families

C. a preference for parental conflict rather than their divorce

D. no problems

5775. Middle-and upper-class parents foster the viewpoint that________________?
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A. students should find peers with similar goals

B. occupational success is desirable

C. success does not matter as much as happiness

D. their children should have a classical education

5776. Critics of our school system sate that _________________?
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A. education is used to foster the acceptance of our political system without

B. education makes no attempt to exercise social control

C. education places too little emphasis on hard work and obedience

D. none of the above

5777. Social scientists________________?
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A. provide criteria for choosing a valid religion

B. neither accept nor reject claims of divine revelation

C. all of the above

D. have no interest in the content of religious doctrines

5778. Foreign aid is an instrument of________________?
0

A. foreign policy

B. the democratic value system

C. propaganda

D. manipulation

5779. The United Stats in an exception in that_________________?
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A. none of the above

B. wealth correlates with religion

C. wealth does not correlate with religion

D. in most wealth nations religion is very important

5780. The crowd at a religious revival meeting is_______________?
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A. disorganized

B. acting

C. casual

D. expressive

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