economics MCQs – Page 294

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 Review each marked answer and report any item that may be outdated or unclear.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

5861. The largest number of Latinos come form_______________?
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A. Latin American

B. Mexico

C. Puerto Rico

D. Spain

5862. Futurist Alvin Toffler called his concept_______________?
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A. static shock

B. future shock

C. culture shock

D. myocardial shock

5863. Discriminatory behavior prompted by the knowledge that prejudice exists on a society wide level is called______________?
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A. institutional discrimination

B. personal discrimination

C. cultural discrimination

D. attitudinal discrimination

5864. The most likely factor to overcome the low status of a fathers occupation is______________?
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A. belonging to organized crime

B. hard work

C. religion

D. education

5865. Which is/are the policy option(s) to counteract business cycles ?
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A. Shift the supply curve

B. Shift the demand curve

C. All of the above

D. Do noting

5866. When peoples beliefs about the inferiority of a certain group undergo change the process is called________________?
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A. radical change

B. social change

C. cultural change

D. political change

5867. Which statements is FALSE ?
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A. The civil rights movement has raised black consciousness and helped decrease self hatred

B. Relations between blacks and whites are 100 percent improved

C. The black underclass finds itself in the situation of being a minority within a minority

D. Blacks still lag behind whites in life chances particularly in the economic sector

5868. According to Blau and Duncan occupational upward mobility is greatly influenced by______________?
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A. all of the above

B. the nature of the first job

C. the amount of education

D. occupation of the father

5869. In microeconomics the household is defined as_______________?
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A. the nuclear family

B. all of the above

C. everyone who lives under one roof

D. the extended family

5870. Censorship______________?
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A. gives a one-sided interpretation of an issue

B. is the same as propaganda

C. deletes all or parts of information

D. is the opposite of propaganda?

5871. Collective behavior favors social change because it_______________?
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A. none of the above

B. alters peoples perspective

C. prevents action

D. destroys group identity

5872. Most population experts_______________?
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A. have written off the Malthusian prophecy altogether

B. expect the growth rate to remain constant

C. expect population to level off at between 8 and 15 billion people

D. believe that a high fertility rate continues to be necessary in the developing nations

5873. Which of the following statements is true ?
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A. Most of the health problems associated with growing old pose serious problems by the age of 65

B. Young workers perform far better than elderly workers which is why employers prefer tham

C. A majority of the elderly live in nursing homes

D. none of the above

5874. A social movement which becomes a formal organization is said to have undergone________________?
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A. incorporation

B. cooptation

C. bureaucratization

D. oligarchization

5875. Need and demand________________?
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A. are closely related to price

B. amount to the same thing

C. are unrelated concepts

D. are closely related to supply

5876. The first airplane was a (n)________________?
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A. discovery

B. miracle

C. invention

D. diffusion

5877. Population density may be defined as_________________?
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A. the ability of a square foot of land to feed a number of people

B. the number of people to a land area

C. the density of a compound group

D. the number of births and deaths per year

5878. Negative life chances correspond to__________________?
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A. lack of desire for an education

B. a high position in the stratification system

C. lack of talent

D. a low position in the stratification system

5879. A corporation________________?
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A. has the advantage of being able to accumulate vast amounts of capital in a short period of time

B. can afford to pay for the latest research and technology

C. is a public institution

D. all of the above

5880. The inordinate growth of government is a side effect of________________?
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A. government intervention in the economy

B. the willingness of individuals to give up traditional freedoms

C. the political apathy of public

D. the increasing poverty of individual states

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