economics MCQs – Page 299

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 Review each marked answer and report any item that may be outdated or unclear.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

5961. A countertrend observable since the 1950s is___________________?
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A. urban residents providing their own food supply by planting gardens

B. rural areas became very depopulated

C. a great increase in population in the cities

D. urban decentralization

5962. The hormone associated with male traits and aggression is_______________?
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A. Premarin

B. progesterone

C. estrogen

D. testosterone

5963. Scientists agree that________________?
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A. there are three races

B. there are fifty two races

C. there are no races

D. all of humankind is descended from the same common stock

5964. Adequate growth of the economy refers to the goals of__________________?
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A. maintaining current standards of living in spite of increasing population

B. approximately 4% growth rate per year

C. all of the above

D. increasing GNP per capita

5965. Change may be experienced on three levels__________________?
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A. planning reform revolution

B. personal impersonal social

C. micro middle and macro

D. invention discovery exploration

5966. Which of the following is an example of a sociological theory of deviant behavior ?
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A. Freud,s theory that anatomy is destiny

B. Cooley,s theory of original sin

C. None of the above

D. Mead,s theory of inherited criminality

5967. Land labor capital and entrepreneurship ?
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A. create a balance between humans and their environment

B. must be used separately to produce goods and service

C. have no function in the production of goods and service

D. must be combined in the production of goods and service

5968. Which statement is wrong regarding diplomacy? It_____________?
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A. has a long history predating the creation of the nation state?

B. is a recent addition to international relations?

C. and diplomats have been quite radically altered in recent years

D. has little to do with the failure to solve basic problems among nations

5969. The loss of entire categories of jobs without the creation of new occupations would be_______________?
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A. intragenerational mobility

B. structural mobility of a negative sort

C. horizontal mobility

D. status ambiguity

5970. The circular nature of the economic process occurs from_________________?
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A. household to firm to consumer and back again

B. firm to consumer

C. government to consumer

D. firm to firm

5971. It is fairly certain that male and female brains________________?
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A. are functionally identical

B. differ in size weight and capacity

C. distribute sensory functions differently

D. differ in left-right communication

5972. Approximately how many people inhabit the earth ?
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A. 12 billion

B. 6 billion

C. 50 billion

D. 1.2 billion

5973. Which is false ?
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A. more men than women live alone

B. only a small percentage of the 65- to 74- year olds live in nursing homes

C. older workers perform as well as younger workers

D. more elderly men than women are married

5974. The Industrial Revolution began with_________________?
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A. the founding of Sony in Japan

B. the overthrow of the British

C. the invention of a few basic machines

D. the proletariat in Russia

5975. According to the U.S Census Bureau a CMSA is defined as__________________?
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A. a relatively large dense permanent settlement of heterogeneous individuals

B. any locality with a population of one million people or more

C. an ecological system

D. any locality with a downtown and suburbs

5976. Most American cities have_________________?
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A. many high income taxpayers

B. a reduced tax base

C. large shopping malls

D. continual building of new industries

5977. The abolitionist movement sought the abolition of_______________?
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A. slavery

B. compulsory education

C. states rights

D. alcohol consumption

5978. Diplomacy today gives diplomats________________?
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A. great discretion in making policy decisions

B. limited roles as messengers

C. charge of summit conferences

D. starring roles as celebrities

5979. Gentrification is the trend of__________________?
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A. city residents returning to manor houses in country

B. middle class professionals renovating old city housing and using them as

C. city dwellers learning proper manners

D. continued movement to suburbs

5980. The argument that in some situations the government had to prime the pump was advanced by________________?
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A. Karl Marx

B. John Maynard Keynes

C. Milton Friedman

D. Adam Smith

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