economics MCQs – Page 307

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 Review each marked answer and report any item that may be outdated or unclear.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

6121. Judicial review by the Supreme Court is based on____________?
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A. an act of Congress

B. explicit statements in the Constitution

C. the First Amendment to the Constitution

D. the Marbury v Madison decision

6122. Surveys of American voters reveal_______________?
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A. a general support of the government

B. a general cynicism about government

C. full support of democratic principles

D. the majority of people and political leaders are equally committed to democratic values

6123. The scientific method in the social sciences ?
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A. is as effective as in the natural sciences

B. has been found to be totally useless

C. has led to great discoveries in the human knowledge of the physical universe

D. is hampered by difficulties in attaining objectivity

6124. Formal organizations have_______________?
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A. no ranking of their members

B. little durability

C. clearly stated goals and policies

D. no people in them

6125. Among the factors that favor individual mobility are_________________?
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A. none of the above

B. one of many children

C. late marriage

D. rural residence

6126. The biological explanations of deviance include____________?
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A. Sheldon,s mesomorphs

B. Lombroso,s criminal types

C. the extra Y chromosome

D. all of the above

6127. The school of thought that considers power to be brokered by various interest groups is called______________?
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A. absolute power

B. authoritarianism

C. pluralism

D. power elitism

6128. In one sense of the term everyone is ethnocentric This is because______________?
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A. people are intolerant by nature

B. people are afraid and distrustful of strangers

C. it is virtually impossible not to view people and situations in terms of some of the norms and categories derived from one,s own cultural experiences

D. it is impossible to understand another culture or subculture without having been raised in it

6129. What function do politicians serve according to pluralists ?
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A. Statesmen

B. Front men

C. Power and interest brokers

D. Shills or decoys

6130. Deviant individuals______________?
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A. set examples for others thus reaffirming existing norms

B. are invented by society to promote group cohesion

C. prevent social change from occurring

D. hinder group cohesion by disrupting stability

6131. The Untied States Constitution provides for the________________?
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