economics MCQs – Page 309

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 Review each marked answer and report any item that may be outdated or unclear.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

6161. The primary agent of socialization is the______________?
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A. school

B. peer group

C. mass media

D. family

6162. The numbers of PACs ?
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A. quadrupled since 1974

B. doubled since 1974

C. increased nearly sevenfold since 1974

D. tripled since 1074

6163. Specialized division of labor in industrial societies can make workers feel that they_______________?
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A. have no sense of accomplishment

B. have lack of control

C. are an anonymous group

D. all of the above

6164. Anthropology is restricted to the study of_______________?
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A. primitive people only

B. modern peoples only

C. prehistoric people only

D. none of the above

6165. Regarding capitalist industrial societies Marx asserted that______________?
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A. they contained the seeds of their own destruction

B. property is unimportant in the modern state

C. religion and philosophy are the foundations of society

D. the means of production are controlled by the masses

6166. The opposite of a variable is a______________?
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A. constant

B. concept

C. value

D. law

6167. One British psychologist believes that the Western family causes most of the mental illness in individuals This theory implies that ___________??
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A. the primary group is always helpful to the individual

B. primary group relations can be harmful to the individual

C. none of the above are relevant

D. secondary relations are more important than primary ones

6168. In stratified societies categories of people are ranked by______________?
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A. power

B. prestige

C. all of these

D. wealth

6169. The mechanism of the market system provides for________________?
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A. the economy to function so that all participants derive some satisfaction

B. buyers and sellers not needing to know how the market works in order to act in it

C. all of the above

D. the content and flow of goods and services to take place without any fixed plan

6170. Which of the following is an example of a culture trait ?
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A. the family

B. marriage

C. wedding rings

D. BOTH rings and exchanging wedding vows

6171. Love of money peace and God are American ?
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A. mores

B. Norms

C. folkways

D. values

6172. Martin Luther king,s status was based on his_____________?
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A. wealth

B. color

C. property

D. social influence

6173. Hard money is_________________?
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A. none of the above

B. money actually tendered to campaigns

C. cash rather than checks or notes

D. money given during the campaign

6174. Anger is_______________?
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A. a definite sharply defined emotion

B. an innate human response to deprivation and frustration

C. subject to manipulation

D. all of the above

6175. Which economic orientations govern Western industrial societies ?
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A. Tradition

B. Command

C. Free Market

D. BOTH market and command

6176. In an open or class society_________________?
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A. status is always achieved

B. status is always ascribed

C. status is both achieved and ascribed

D. status has no importance

6177. A reference group is a(n) ?
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A. group of which one is member without having asked to be

B. formal or informal organization to which one belongs

C. hierarchical system in an organization

D. group to which an individual aspires to belong

6178. All systems of stratification display the following characteristics except_________________?
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A. differentiation

B. institutionalization

C. segmentation

D. ranking

6179. Interest groups may be defined as__________________?
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A. groups of people interested in specific legislation

B. groups of people who want to enter politics

C. coalitions of individuals with similar attitudes and interests who attempt to influence public policy

D. wealthy and civicminded people with excessive leisure time.

6180. Power is_________________?
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A. widely distributed and diffused in industrial societies

B. restricted to a small elite in traditional societies

C. all of the above

D. the most important feature of stratification

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