economics MCQs – Page 312

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 Review each marked answer and report any item that may be outdated or unclear.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
6221. The fundamental assumption of democratic socialism is that_______________?
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A. participation in political decision making should be extended to economic decision making

B. the Socialist party must be in command of the economy

C. it is not necessary for everyone in a society to work

D. participation in political decision making should be extended to religious leaders

6222. Determining that a particular act is deviant may depend on______________?
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A. the social status of the person committing the act

B. the social status of those judging the act

C. the place time and circumstances

D. all of the above
6224. In contemporary market systems competition____________________?
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A. is quite strong

B. is diluted by private and state monopolies

C. has been replaced by planning

D. does not exist

6225. Which is an example of a subculture ?
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A. teenage customs

B. Kiwi culture

C. French culture

D. American culture

6226. Recent research supports the notion that mother-infant bonding_______________?
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A. has a cultural basis

B. none of the above

C. depends on how wanted the infant is

D. has a biological basis
6227. ideologies may be described as_______________?
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A. simplified world views

B. complex explanations of the world

C. rejecting action

D. none of the above

6229. Efficiency in economic terminology means________________?
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A. using existing technology

B. making do with as few workers as possible

C. ignoring the time factor

D. obtaining the highest output in the least amount of time
6230. Children have taken on the role of the generalized other when______________?
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A. they are consciously socialized

B. they have learned to speak

C. they start school

D. most of the important norms have been internalized

6231. A trained observer_________________?
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A. knows what to expect

B. knows which data are relevant to the research problem

C. is most a home in experimental settings?

D. records everything that he or she sees

6232. Political science stresses the study of_______________?
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A. government

B. power

C. state

D. all of the above
6233. Another way of saying that position in a group are value-rated by group members is_______________?
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A. roles are scripted

B. authority is hierarchical

C. statuses are ranked

D. statuses are ascribed

6234. Symbolic interaction ?
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A. none of the above

B. excludes written language

C. includes gestures speech and music

D. is entirely nonverbal

6235. An example of a temporary subculture would be_______________?
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A. the MTV generation

B. vegetarians

C. players of chess

D. monks in a convent

6236. Language gestures and music are________________?
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A. human values

B. cultural traits

C. normative systems

D. symbol systems
6237. The attitude of some Americans toward the minorities in their midst shows_______________?
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A. cultural superiority

B. cultural relativity

C. the importance of culture

D. culture shock

6238. People who are important in shaping your self-concept and whose approval you wish to have are_____________?
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A. the l and the me

B. generalized others

C. significant others

D. the ego and the superego

6239. The political process_______________?
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A. allows those representing minority views to try to become the majority

B. allows those in positions of power to ignore the peoples wishes

C. favors those representing majority views

D. none of the above

6240. Telling a child You should always say thank you when someone gives you something is an example of____________?
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A. conscience socialization

B. unconscious socialization

C. conscious socialization

D. subconscious socialization