economics MCQs – Page 304

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 Review each marked answer and report any item that may be outdated or unclear.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
6061. Collective behavior is often precipitated by__________________?
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A. anomaly

B. rapid social change

C. fear of the future

D. deviant behavior

6062. When confronted with evidence contrary to their beliefs prejudiced persons will______________?
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A. refuse to change the original judgment in spite of evidence to the contrary

B. apologize to the victim of their prejudice

C. suspend judgment until more evidence is found

D. change their judgment to conform to new evidence

6063. The government can curb excessive aggregate demand(inflation)by_________________?
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A. decreasing taxes on consumers

B. decreasing taxes on firms

C. none of the above

D. increasing spending

6064. Population began to increase steadily________________?
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A. with improvements in agriculture technology and medicine

B. in the 17th century when agriculture technology and medicine

C. by around the middle of the 18th century

D. in the Bronze Age

6065. Billy Graham,s religious revival meetings are an example of_________________?
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A. social movements

B. spiritual awakening

C. expressive crowds

D. people, s fear of the unknown

6066. The categories used by researchers to pigeonhole people into social classes__________________?
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A. reflect the common -sense self-ratings of individuals

B. adequately reflect the complexity of the American class system

C. indicate that there are two classes the working class and the middle class

D. tend to be arbitrary and artificial
6067. What were guilds ?
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A. A type of money used in the Middle Ages

B. Organizations dating back to the 10th century

C. Only b and c

D. Kinds of labor unions

6068. Some of the advantages of a market economy include ?
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A. economic output is distributed to those who can pay the price

B. all participants get some satisfaction

C. scarce resources are put into goods that are in demand

D. all of the above
6069. The rate of change for most of human history has been________________?
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A. unchanged

B. rapid since the beginning of history

C. slow because people are creatures of habit

D. slow until the Industrial Revolution then rapid
6070. Psychosomatic illness entails____________?
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A. bodily ailments creating mental disorder

B. all of the above

C. purely imaginary physical problems

D. anxiety or emotional tension producing physical symptoms
6071. If a janitor got a job as a security guard because it was closer to home he would be experiencing_______________?
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A. inter structural mobility

B. horizontal mobility

C. vertical mobility

D. intragenerational mobility

6072. Another name for cultural transmission theory is______________?
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A. differential association theory

B. labeling theory

C. innovation

D. anomie

6073. Which of the following is a criticism of Marxist theory ?
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A. inequality is a motivating force for people to rise in the stratification system

B. Everyone is talented equally

C. Democracy delivers equality better than Marxism does

D. Marxism tries to explain all social problems
6074. Max Weber believed that_______________?
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A. societies should have at least three classes

B. property was the only determinant of class

C. class is closely related to life chances

D. class was based on exploitation of the masses

6075. In C.Wright Mill,s view what group constitutes an elite ?
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A. The corporate rich only

B. High ranking military officers only

C. The military-industrial-governmental complex

D. Church leaders and educators

6076. The study and comparative analysis of preliterate societies is one of the chief concerns of______________?
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A. anthropology

B. sociology

C. psychology

D. history

6077. Americans proclaim the need for honesty but cheat on their tax returns This situation indicates that_____________?
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A. the overt culture is consistent

B. there is no covert culture in the United States

C. Americans often follow a covert culture in actual behavior

D. people are only human

6078. Political parties link_____________?
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A. extremists to government

B. PACs to Congress

C. heterogeneous groups to coalitions

D. all of the above

6079. According to the cultural transmission theory deviance is learned through________________?
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A. genetic inheritance

B. all of the above

C. close association with deviants

D. being labeled as deviant

6080. Types of survey data include_______________?
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A. personal interviews

B. previously gathered statistical information

C. all of the above

D. naires