economics MCQs – Page 293

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 Review each marked answer and report any item that may be outdated or unclear.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
5841. Which of the following brings about cultural change_________________?
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A. scientific discoveries

B. all of the above

C. new art forms

D. technological invention

5842. Max Weber,s notion of life chances closely resembles the concept of________________?
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A. occupational prestige

B. personal power

C. social status

D. social power

5843. The privileged position of the modern industrial nations was attained because of_______________?
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A. a change in the economy from agrarian to industrial

B. a change in the population distribution from rural to urban

C. the discovery of natural resources

D. both urbanization and industrialization
5844. In the social sciences discrimination as a concept means_________________?
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A. the physical ability to see in the dark

B. actions taken as a result of prejudicial feelings

C. having good taste in art and music

D. ability to discern the direction of social relations

5847. Prejudice diminishes as___________________?
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A. assimilation occurs

B. the majority becomes more oppressive

C. the economic status of minorities declines

D. the economic status of minorities becomes equal to that of the majority
5848. According to Karl Marx_______________?
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A. status is also a phenomenon of stratification

B. classes are the result of different life styles

C. classes are composed of the have-nots who eventually revolt against the haves

D. classes are determined by the relationship of a group in society to the means of production
5849. Participants in the market system________________?
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A. try to maximize their labor

B. try to maximize their worth

C. are totally free to pursue their goals

D. are affected by prices and incomes
5851. Embezzlement and fraud are two examples of_________________?
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A. property crimes

B. crimes against persons

C. white collar crime

D. organized crime

5852. World overpopulation could be prevented by_________________?
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A. the elimination of the demographic transition

B. a return to preindustrial medicine

C. zero population growth worldwide

D. natural change

5854. The Industrial Revolution was based on_______________?
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A. new sources power

B. all of the above

C. the discovery of new material

D. the invention of basic machines

5855. Deviance that has been exposed leads to______________?
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A. anomie

B. forgiveness

C. labeling

D. transmission

5856. Total laissez-faire is impossible because________________?
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A. the market is not equitable favoring those with more resources

B. the market makes no provision for protecting smaller participants

C. all of the above

D. the market does not provide for satisfying public needs

5857. The crude birthrate is the_________________?
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A. number of births a year in the world

B. the same as the fecundity rate

C. the same as the fertility rate

D. number of births per thousand people per year
5858. Symbolic analysts are_______________?
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A. employees capable of manipulating data words and visual images

B. people employed in new enterprises

C. psychologists with advanced degrees

D. only A and B
5860. The Great Depression_________________?
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A. resulted from the greed of the robber barons

B. resulted from insufficient demand

C. was the worst case of massive unemployment

D. only B and C