economics MCQs – Page 298

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 Review each marked answer and report any item that may be outdated or unclear.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

5941. Social scientists are interested in collective behavior because it is________________?
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A. not tied to social factors

B. so predictable

C. reflective of purely animal behavior

D. often the basis of important social change

5942. Ageism asserts that___________________?
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A. wisdom accompanies advancing age

B. life begins forty

C. each stage of life has its own rewards

D. the young are superior to the old

5943. When one culture borrows traits from another culture the borrowing culture tends to be________________?
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A. selective in borrowing

B. nonselective in borrowing

C. gullible and impressionable

D. grateful

5944. Craft unions differed from industrial unions in that they______________?
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A. Welcomed minorities

B. Were horizontally organized

C. Were socialist

D. All of the above

5945. Women first assumed subordinate roles when they_________________?
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A. stayed home when men hunted

B. left home to gather food

C. ceased to gather the majority of the food supply

D. assumed primary child-care responsibilities

5946. Suburban growth was based on___________________?
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A. expensive suburban property

B. movement of factories out of the cities

C. wartime industrial expansions

D. the development of automobile travel

5947. It has been found that disengagement is usually________________?
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A. often forced

B. very voluntary

C. never forced

D. rarely enforced

5948. Which are the dimensions of stratification ?
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A. Family background attractiveness wealth

B. Talent service goodness

C. Caste estate feudalism

D. Class status and power

5949. Which statement appears to be most correct__________________?
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A. in a marriage spousal role are egalitarian

B. gender roles have been reversed

C. sex roles are blurred

D. housekeeping and childcare are still considered womens work

5950. Foreign policy decisions may be categorized into those that are________________?
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A. general

B. all of the above

C. administrative

D. crisis

5951. In recent years there was an awakening of ethnic identity among the following groups__________________?
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A. all of the above

B. Native Americans

C. Hispanics

D. African Americans

5952. The relationship between population and income is___________________?
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A. the birth rate rises because of an increase in education

B. working women have more children

C. an increase in income produces a decline in fertility

D. the rise in income and population results in a decrease of urbanization

5953. A problem with laissez-faire economic policy is that there is___________________?
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A. no flexibility

B. no profit motives

C. responsiveness to demand

D. no provision for public goods

5954. The difference between racial minorities and ethnic minorities is_______________?
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A. ethnic minorities do not suffer from discrimination but only from prejudice

B. in the size of each group

C. racial minorities have been here longer than ethnic minorities

D. racial minorities differ biologically ethnic minorities differ culturally from the dominant group

5955. Zero population growth_________________?
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A. means that no more children are born

B. is actively pursued by many of the underdeveloped nations

C. indicates that the fertility rate has dropped below the replacement level

D. must be achieved by all nations by the year 2005

5956. Second- and third-generation immigrants failed to melt in the melting pot because of_______________?
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A. language differences

B. residence stability

C. skin color

D. religion

5957. Which is NOT a form of collective behavior ?
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A. Panic

B. Dining out with a friend

C. Rumors

D. Fashions

5958. Members of the New Class occupy which of the following occupations_________________?
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A. MBAs staring their own firms

B. Out of work middle managers

C. journalists academics media commentators

D. Computer programmers

5959. Racism is based on the belief (s) that_________________?
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A. groups inherit certain traits that are inferior

B. minority groups should not have access to wealth and power

C. the dominant majority is the fittest from a Darwinian point of view

D. all of the above

5960. The failure of the League of Nation______________?
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A. occurred after President Wilson,s stroke

B. was due to Marxism-Leninism

C. illustrated that national interest is more important than collective security or moral opposition to aggression

D. was due to the Republican Senate,s opposition

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