economics MCQs – Page 303

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 Review each marked answer and report any item that may be outdated or unclear.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

6041. The nation that social institutions reinforce and legitimize class division is derived from___________?
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A. Max Weber

B. Adam Smith

C. Emile Durkheim

D. Karl Marx

6042. Which nation state has reached zero population growth ?
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A. Iran

B. the United States

C. Turkey

D. Zimbabwe

6043. Violent crowd behavior______________?
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A. is generally random

B. is usually temporary

C. always goes against the wishes of individual members

D. has no limits in its antisocial nature?

6044. Inequality has been explained as______________?
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A. being part of the law of nature

B. serving the needs of society

C. resulting from the struggle for goods and services in a society

D. all of the above

6045. Liberals and conservatives agree to some extent that economic goals should include________________?
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A. adequate economic growth

B. price stability

C. all of the above

D. full employment

6046. Supply-side theories claim that__________________?
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A. business cycles are caused by insufficient supply

B. an increase in aggregate supply causes output and employment to decline

C. none of the above

D. a decline in aggregate supply is responsible for economic downturns

6047. Present theories of stratification__________________?
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A. answer the of what causes inequality

B. agree that inequality is an evil

C. offer ways to end inequality

D. offer two different ways of looking at inequality

6048. Demand and supply are________________?
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A. causes of inflation

B. market forces

C. key economic indicators

D. thesis and antithesis

6049. The factory system_________________?
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A. was introduced when it became convenient to house both workers and machinery under one roof

B. gave more power to the employers called entrepreneurs

C. was an American invention popularized through cultural diffusion

D. resulted from BOTH the convenience of housing workers and equipment together and gave more power to the entrepreneurs

6050. The following people enjoy both status and wealth in our society______________?
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A. physicians

B. professors

C. ministers

D. research scientists

6051. The greatest problem with capital punishment is that________________?
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A. it is a cruel way to end someones life

B. sometimes an innocent person is put to death

C. only God has the right to kill

D. many witnesses lie

6052. Death rates are highest in_______________?
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A. Turkey

B. Britain

C. Thailand

D. tropical African

6053. In economic terms incomes are distributed according to________________?
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A. whom one knows

B. a persons marginal productivity

C. innate talent

D. which skills one has

6054. The civil rights movement in the United States was a_________________?
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A. change resistant movement

B. nationalistic movement

C. reform movement

D. ethical movement

6055. The difficulty with fighting terrorism is that_________________?
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A. terrorists have differing goals

B. all of the above

C. terrorists have no single ideology

D. terrorism is a transnational problem

6056. Ethnic groups are based on_________________?
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A. eye shape

B. genes

C. common customs and /or identities

D. skin color

6057. When old rules and laws are ignored, and rebellious crowds set up new rules of behavior social scientists call this situation________________?
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A. convergence

B. coup d,etat

C. collective behavior

D. revolution

6058. Rates of poverty tend to be highest among_______________?
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A. Female headed households

B. all of the above

C. minorities

D. children

6059. What percentage of the earths people live in high-income areas ?
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A. 15%

B. 45%

C. 3%

D. 50%

6060. The Black movement to the urban North from the rural South was similar to______________?
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A. the arrival of the Cuban middle class after Castro

B. moves of professionals from New York to Los Angeles

C. immigration from Europe

D. the experience of the American Indians

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