economics MCQs – Page 308

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 Review each marked answer and report any item that may be outdated or unclear.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

6141. With the shift from family capitalism to industrial capitalism the important unit became the_______________?
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A. government

B. union

C. corporation

D. commune

6142. ideologies tend to arise during periods of_____________?
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A. conversations among intellectuals

B. natural disasters

C. prosperity

D. crisis

6143. Open stratification systems are associated with__________________?
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A. industrialization

B. pastoralism

C. hunter-gatherers

D. agriculture

6144. A prison is a______________?
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A. total institution

B. primary institution

C. secondary institution

D. tertiary socialization

6145. Primary group are basic to the development of____________________?
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A. social change

B. politics

C. law

D. personality

6146. The social sciences were initially concerned with the consequences of_______________?
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A. the American Revolution

B. the Industrial Revolution

C. the French Revolution

D. the Russian Revolution

6147. Some American Indians cannot express the idea of time in their tribal languages This fact shows that_____________ ??
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A. like all lower-class persons they focus on the present

B. they have not yet reached the industrial stage of evolution when time is money

C. time is not an important value in their culture

D. their culture is still at a primitive stage

6148. The chief function of interest group is to________________?
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A. choose candidates for political office

B. provide group representation above and beyond that provided by our elected officials in Congress

C. bring into the open obscure problems to be solved

D. provide geographic representation

6149. Personal space is defined differently in different societies Therefore we can say that_____________?
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A. culture shapes both verbal and nonverbal behavior

B. personal space is controlled genetically

C. many people have no manners

D. nonverbal behavior is not part of culture

6150. Which of the following is NOT an interest group ?
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A. Lobbyists of America

B. The National Rifle Association

C. The American Association of Retired people

D. The Southern Christian Leadership Conference

6151. Social life is organized and structured through____________?
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A. group situations and the positions of individuals

B. patterns of actions

C. all of the above

D. rules and regulations

6152. Institution are_________________?
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A. unimportant

B. found among all animals

C. places like schools and banks

D. traditional habits centering around fundamental human needs

6153. The scientific method contains all but one of the following techniques ?
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A. systematic collection of data

B. selecting data to prove a point

C. scientific observation

D. making data public

6154. The allocation of tasks to particular individuals who specialize in performing them is referred to as_______________?
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A. status specialization

B. status fulfillment

C. division of labor

D. ascribed status

6155. Four primary social processes are________________?
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A. accommodation assimilation conflict and coercion

B. conflict exchange cooperation and competition

C. differentiation stratification conflict and coercion

D. exchange reciprocity competition and conflict

6156. The writers of the Constitution intended the president to have________________?
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A. strong personal power

B. power only in declaring war

C. no power at all

D. weak personal power

6157. The first step in the scientific method is____________?
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A. observation and recording of data

B. selection of area to be researched

C. obtaining a government grant

D. classification and organization of data

6158. During the Enlightenment of the 18th century_______________?
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A. scholars denied the possibility of a scientific study of humans

B. a number of scholars believed human social life could be studied scientifically

C. none of the above

D. scholars emphasized the supernatural

6159. Social organization________________?
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A. is sometimes used interchangeably with social structure

B. is microsocial macrosocial and interchangeable with social structure

C. may be analyzed at the microsocial and the macrosocial levels

D. is a fixed set of rules?

6160. Like Freud Erik Erikson maintains that_______________?
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A. there are five psycho sexual stages

B. the personality is fixed by age five

C. psychoanalysis including dream analysis is the only way to overcome personality problems

D. none of the above

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