economics MCQs – Page 311

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 Review each marked answer and report any item that may be outdated or unclear.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

6201. To say that American music is the best in the world is an example of__________________?
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A. cultural relativity

B. the truth

C. a value

D. ethnocentrism

6202. An intensive study of an individual or a small group is made by using the following research method ?
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A. case study

B. cross sectional sample

C. experiment

D. longitudinal sample

6203. The discipline that studies such disparate subjects as the environment religion politics criminality organization and so on is______________?
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A. sociology

B. political science

C. history

D. psychology

6204. Each society must make the following decisions of an economic nature regarding the______________?
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A. assessment collection and counting of taxes

B. production distribution and consumption of goods and services

C. measurement of land water and minerals

D. time place and quantity of production

6205. Human infants in order to become successful adults need______________?
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A. social interaction

B. all of the above

C. body contact

D. learning

6206. Which of the following groups determine market transactions ?
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A. none of the above

B. The executive legislative and judicial departments

C. Producers distributors consumers

D. Households firms and central authorities

6207. Which of the following groups has traditionally had the worst voting record in the United States ?
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A. Urban and suburban residents

B. College educated professionals

C. White collar workers

D. The young and underprivileged

6208. The federal government has increased its responsibilities at the local level because_____________?
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A. urban influence on the states

B. the states inefficiency

C. the tenth amendment

D. excess state revenues

6209. In the United States an example of a taboo is_______________?
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A. marrying sister

B. climbing Mt Rushmore

C. making money

D. gambling

6210. The mass media especially TV have been_______________?
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A. definitely proven to improve school learning

B. providing realistic view of the world

C. none of the above

D. definitely proven to increase the crime rate

6211. According to Marx which group constituted a ruling elite ?
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A. The proletariat

B. The bourgeoisie

C. The military

D. The workers for the owners of the means of production

6212. Experiments are_______________?
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A. not used in the study of humans

B. the most common method of social investigation

C. based on controlling a variable and observing the results

D. valid only if performed on white mice

6213. Humans depend on others for full development and generally live in groups They are________________?
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A. social

B. intelligent

C. cultural

D. symbolic

6214. The theory speculating that every society develops a number of cultural goals for members to attain but that attainment is not possible for all is called the_____________?
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A. focal concerns theory

B. deviant personality theory

C. differential association theory

D. anomie theory

6215. In most societies ownership of property takes one of three forms________________?
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A. restricted guarded and private

B. esthetic visible tangible

C. ambiguous hermetic contraceptive

D. communal private public

6216. Index crimes include all but one of the following_______________?
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A. manslaughter

B. moving traffic violation

C. robbery

D. aggravated assault

6217. Maturation is a term used by developmental psychologists to refer to______________?
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A. the development of natural resources

B. the aging process or senescence

C. the development of personality

D. physical(biological)development

6218. The most important differences among humans are based on ______________ ?
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A. species separation

B. biology

C. culture

D. physical aspect

6219. The political organization that may have too much influence on elected officials because of its generous contribution is the________________?
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A. Political Action Committee

B. Democratic Club

C. Republican Club

D. Rules Committee

6220. According to Freud the crucial institution for the development of personality is______________?
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A. education

B. religion

C. the family

D. the economy

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