economics MCQs – Page 302

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 Review each marked answer and report any item that may be outdated or unclear.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
6021. The intended consequences of advertising is to__________________?
comments icon0

A. increase consumption

B. create demand

C. All of the above

D. create brand awareness and direct consumption

6022. A way of calculating the total output of the economy regardless of where resources are located is________________?
comments icon0

A. the NNP

B. the GNP

C. the SPQR

D. the GDP

6023. The result of executive officers sitting on several corporate boards is________________?
comments icon0
A. interlocking directorates

B. trusts

C. restraint of trade

D. oligopolies

6024. Extraction of raw materials occurs in which sector of the economy ?
comments icon0

A. Quaternary

B. Tertiary

C. Primary

D. Secondary

6025. Which is NOT a characteristic of crowd behavior ?
comments icon0
A. Individuals totally shed their identity

B. Development of a common mood

C. Temporary

D. Behavior according ti previously established norms

6026. Poverty is related to_______________?
comments icon0

A. lack of work ethic

B. patterns of prejudice and technological change

C. technological changes only

D. discrimination only

6027. The term prejudice implies that_________________?
comments icon0

A. one makes a judgment before having all the facts

B. one refuses to change one,s mind even when confronted by facts

C. one takes action against minorities

D. ones judgments are BOTH preconceived and unchangeable
6028. Form the dawn of history through the development of agriculture______________?
comments icon0

A. men and women participated in a sex-based division of labor

B. human infants and their mothers had to protected

C. males were assigned hunting and other dangerous tasks

D. all of the above
6029. Armenia Georgia and Azerbaijan are_____________________?
comments icon0
A. Asian nations

B. Baltic nations

C. African nations

D. Slavic nations

6030. The most recent social movements________________?
comments icon0

A. are community and locality based?

B. attract the underclass rather than the working class

C. focus more on economic issues

D. none of the above
6031. The crude birthrate is________________?
comments icon0

A. the number of male births per 1000 people per country per year

B. an important demographic concept

C. the rate at which the elderly die in any given year

D. the rate at which infants survive past their first year

6032. Firms sell their products in________________?
comments icon0

A. factor markets

B. abstract markets

C. product markets

D. resource markets

6033. The modern approach to studying social classes based on several dimensions of the stratification system is the______________?
comments icon0

A. TES

B. SES

C. BES

D. CES

6034. Crowds may engage in unpredictable behavior because_______________?
comments icon0

A. they are temporary

B. individuals can remain anonymous

C. individuals are unpredictable

D. BOTH they are temporary, and individuals are anonymous
6035. A condition of normlessness and separation from legitimate modes of behavior is termed___________?
comments icon0

A. trauma

B. alienation

C. anomie

D. anomaly

6036. The highest percentage of humans live in________________________?
comments icon0
A. China

B. Russia

C. the U.S

D. India

6037. The three most important nations in Asia are_______________?
comments icon0
A. Japan India China

B. Hong Kong Macao Bali

C. Taiwan Indonesia Tibet

D. Singapore South Korea and Malaysia

6038. Modernization means that a society becomes________________?
comments icon0
A. industrial

B. agricultural

C. affluent

D. democratic

6039. A modern definition of class maintains that social class is constituted by____________?
comments icon0

A. categories of people set up by governments

B. people especially endowed by nature

C. the owners of the means of production

D. persons who have similar forms of power prestige or wealth
6040. People who suffer from status inconsistency__________________?
comments icon0

A. usually do not worry about it

B. tend to suffer more frustration and dissatisfaction than those whose status is consistent

C. willingly accept a lower status in return for social recognition

D. work hard to accumulate wealth to make up for it