economics MCQs – Page 313

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 Review each marked answer and report any item that may be outdated or unclear.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
6241. Norms are essentially ?
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A. rules for behavior

B. what is most feared

C. systems of rewards and punishment

D. what is right

6242. The microelements of societies are made up of_____________?
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A. diseases that harm societies

B. none of the above

C. processes of social interaction

D. problems of cement roads

6243. The economic participant who decides how to use the factors of production and for what purpose in called a________________?
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A. market

B. household

C. product

D. firm
6244. The succession of stages in Jean Piaget,s model of cognitive development is_______________?
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A. early childhood plays concrete operational and formal operational

B. sensimotor pre-operational intuitive operational and concrete operational

C. infancy childhood adolescence and adulthood

D. sensorimotor intuitive operational concrete operational and formal operational
6245. Intuition authority tradition and common sense ?
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A. are just as exact as the scientific method

B. are all equally valid tools of inquiry

C. are still used as tools of inquiry

D. have been totally replaced the scientific method

6246. Enacting legislation__________________?
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A. sometimes pits the executive branch against the interests of the members of states and districts

B. is a slow and painful process

C. all of the above

D. involves negotiation and compromise

6247. Absence of body contact and stimulation in infants inhibits_______________?
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A. biological drives

B. aggressive behavior

C. instinctual development

D. development of higher learning functions
6248. In the United States a sense of national identity ?
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A. was first based on a common ethnicity and language

B. only B and C

C. was later reinforced by the notion of specialness

D. never developed

6249. Deviance is defined______________?
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A. in the same way everywhere

B. in some cultures, as nonexistent

C. in the context of time and place

D. as another world for crime

6250. Schizophrenia is_______________?
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A. another name for split personality

B. a psychosomatic disorder

C. a term meaning to hallucinate

D. applied to a number of disturbances for lack of any other label
6251. The myth complex functions to_________________?
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A. give legitimate authority to the government in power

B. secure that will of the people

C. fool the people some of the time

D. make people feel free

6252. Culture______________?
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A. is arguably possessed to some degree by nonhuman primates as well as humans

B. is based on symbols in animals and on signals among humans

C. all of the above

D. is a property of all higher animal groups?

6253. How are presidential programs funded ?
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A. By government investments

B. By withdrawals from the Treasury Department

C. By foreign nations

D. By Congress
6254. Federalism many be defined as a system of_____________________?
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A. central power

B. wholesale power

C. regional power

D. concurrent power
6255. Laissez-faire______________?
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A. is the French expression Adam Smith used to mean that government should keep its hands off the economy?

B. is the economic theory introduced to the U.S by Keynes?

C. is the rallying cry of the Women Liberation Movement?

D. was Karl Marxs exhortation to the workers of the world

6256. Individuals who become inmates of a total institution undergo the process of______________?
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A. anomie

B. socialization

C. desocialization

D. resocialization

6257. An example of a category would be_____________?
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A. sharpshooters at a pistol range

B. all the redheads currently imprisoned in the U.S

C. the N.A.A.C.P

D. the N.R.A

6258. Critiques of bureaucratic forms of business administration argue that_____________?
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A. vertical hierarchies of power are too sluggish

B. explicit standards of quality control must be imposed by management

C. employees are given too much discretion

D. small organization inevitably become bureaucracies

6259. Skepticism refers to________________?
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A. doubting

B. impartiality

C. repetition

D. precision

6260. The foremost advantage of a corporation is its_____________?
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A. ability to profit from the labor of its employees

B. ability to accumulate vast amounts of capital in a short time

C. capacity for protracted periods of employment

D. necessity to exhibit the latest technology