economics MCQs – Page 295

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 Review each marked answer and report any item that may be outdated or unclear.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
5881. Future generations will have to pay interest on the current debt because______________?
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A. the U.S government never borrows money from foreign governments

B. it takes a long time to pay off debts

C. none of the above

D. budget deficits are funded with borrowed money
5882. Which is NOT Third World nation ?
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A. Burkina Faso

B. China

C. Ethiopia

D. Zimbabwe

5883. Agriculture in industrial nations is now based on_________________?
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A. increase in rural population

B. artificial food production

C. many small farmers

D. greater productivity of farms because of mechanization
5884. How are decisions about production made in a market economy ?
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A. By a command system

B. According to tradition

C. Through a price system

D. By executive fiat

5885. The view that inequality is based on the corrupting and divisive actions of institutions is part of the ideology of_______________?
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A. structural functionalism

B. social Darwinism

C. classical conservatism

D. classical liberalism
5886. The Department of Health and Human Services has summarized the correct mix of goods and services through ?
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A. 165 social indicators

B. the consumer price index

C. market basket of goods

D. the externalities index

5887. Male dominance is expressed_____________________?
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A. in spite of ours being an egalitarian society

B. all of the above

C. by the frequent instances of sexual harassment on the job

D. for the lack of wage parity

5888. Which of the following is a social order crime?
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A. Public drunkenness

B. Premeditated murder

C. Rape

D. Burglary

5889. Most researchers today use only two approaches to determine social class They are the_______________?
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A. occupational prestige and socioeconomic status(SES)

B. reputational approach

C. subjective approach

D. life style approach

5891. The jobs of the future will include______________?
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A. All but A

B. steel workers

C. routine services

D. personal services

5892. When considering the role of morality in foreign policy analysts observe that_____________?
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A. the different nations of the world have the same values when it comes to treaties

B. none of the above

C. each nation has different standards as to what is proper behavior and values

D. there are no restrictions in reaching agreements with other nations

5894. Where one stands in the social hierarchy is intimately related to________________?
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A. only B and C

B. how one performs one,s job

C. how much stress one experiences

D. how long one lives

5895. Which of the following is NOT true of minority groups ?
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A. They are aware of a common group identity

B. They are not aware of their minority status

C. They are recognizable by their visible ascribed traits or cultural customs

D. They are subject to differential treatment

5897. The Federal Reserve Bank regulates the money supply by__________________?
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A. buying and selling government securities

B. the discount rate it charges member banks

C. establishing minimum reserve requirements of member banks

D. all of the above
5899. Both fiscal and monetary policies focus on____________________?
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A. the supply side of the market

B. the demand side of the market

C. both sides of the market

D. the global market

5900. Some of the restrictions as work in a market include________________?
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A. income for labor

B. prices of goods and services

C. prices of resources for firms

D. all of the above