economics MCQs – Page 306

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 Review each marked answer and report any item that may be outdated or unclear.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
6101. Scientific conclusions are_________________?
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A. personal opinions of important scholars

B. absolute truths for all times

C. universally accepted

D. relative to time and place of study and subject to revision
6102. The opposite of the rule of law is________________?
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A. the rule of reason

B. the rule of men

C. anarchy

D. the rule of custom

6103. Kohlberg,s three stages of moral development are_______________?
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A. pre-conventional conventional and post-conventional

B. charismatic traditional and legal-rational

C. conventional post conventional and legal-rational

D. pre-conventional authoritarian and post-conventional

6104. A person who is suddenly set down on a commune in rural China would most likely undergo ?
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A. the process of resocialization

B. the process of the Lookingglass

C. change to conform to the Chinese modal personality

D. a severe anxiety attacks

6105. A secondary group is characterized by_________________?
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A. small size

B. formal interaction

C. intimacy

D. daily contact

6106. Abraham Maslow and Carl Rogers are associated with the following theories of personality.
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A. environmental determinism

B. psychoanalytic

C. development

D. stressing self-concept and self-actualization
6107. A persons family in addition to being a primary group is also a______________?
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A. Gesellschaft

B. membership

C. reference group

D. voluntary group

6108. The chief reason that Congress is so ineffective is________________?
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A. that the Constitution delegates it so little power

B. a result of the gradual emergence of the Supreme Court as a legislative body

C. the traditional organization of the legislative branch

D. the development of the power of state governments

6109. A mother preparing lunch for her child is an example of a(n)______________?
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A. unliberated women

B. status

C. macrolevel behavior

D. role
6110. Political parties in the U.S function to______________?
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A. provide personnel to run the government

B. define the interests of the people in the form of a platform

C. all of the above

D. engage in political socialization

6111. Defense mechanisms function to________________?
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A. ward off sexual advances

B. deceive sexual targets

C. protect the superego

D. deflect anxiety
6112. A researcher will settle for pinpointing a correlation when ?
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A. research monies are not forthcoming

B. a causal relationship is difficult to prove

C. variables are vaguely defined

D. a causal relationship is of no consequence
6113. Constitutions are________________?
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A. meant to establish the rule of men

B. always written

C. intended to limit governmental power

D. blueprints for monarchies

6114. Whenever a third party becomes significant its platform _______________ ?
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A. is declared unconstitutional

B. is integrated into the platforms of the two main parties

C. becomes a social movement

D. is rejected by the two main parties

6115. The federal system has worked particularly well in_________________?
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A. small homogeneous countries

B. large sized countries with regional differences

C. large homogeneous single religion countries

D. small urban industrial countries

6116. The dialectic is based on_____________?
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A. conflicts between rich and poor countries

B. two extreme positions giving rise to a middle position

C. imperialism being destroyed by capitalism

D. polarization forcing societies to split up

6117. A theory is a______________?
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A. scientific law

B. set of concepts and generalization

C. hunch regarding reality

D. speculation about truth and beauty

6118. Organization differ from institutions in that________________?
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A. all of the above

B. only a few organizations last long enough to become institutions

C. one cannot join an institution

D. institutions are organizations in which people no longer discuss the basis of the rules

6119. Systems of beliefs and behavior designed to meet basic human needs are called ?
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A. institutions

B. the welfare system

C. religions

D. government

6120. Faulty role performance ?
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A. all of the above

B. sometimes occurs by chance

C. could mean that another role is being performed well

D. may create much stress