economics MCQs – Page 314

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 Review each marked answer and report any item that may be outdated or unclear.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

6261. A police office follows a speeding car and when the car finally stops she is horrified to discover her husband at the wheel in giving him a ticket she experiences______________?
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A. fear of a divorce

B. role conflict

C. a master status

D. no role involvement

6262. The social sciences have_____________?
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A. more control over data than physics

B. problems with studying people in laboratories

C. been accepted as equally valid as the physical sciences

D. complete objectivity

6263. The power elite are drawn from among the_______________?
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A. middle-class urban residents

B. union leaders

C. military and business leaders

D. intellectuals

6264. In regard to public and political opinion_________________?
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A. public opinion is limited to few issues

B. political opinion is all opinions expressed on political issues

C. political opinion deals with all matters

D. they are the same

6265. If the daughter of a factory worker wants to become the president of the company for which her father works we may assume that______________?
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A. she has a different reference group than her social class would indicate

B. her father has special connections to the boss

C. she has been reading too many yuppie biographies

D. the daughter likes to daydream

6266. Human beings are born into a social world that is_______________?
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A. totally beyond their control

B. not of their own making

C. newly created in each generation

D. the result of cultural development over previous generation

6267. In the American political system_____________?
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A. there is no ruling elite

B. real equality for everyone is a fact

C. everyone participates in the political process

D. members of Congress and their constituents generally do not know much about what the other thinks

6268. Cultural change is always________________?
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A. fast and dramatic

B. slow and imperceptible

C. nether of the above

D. both of the above

6269. Gestalt psychology looks at__________________?
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A. separate items of personality

B. physical appearance

C. behavior as whole

D. instincts

6270. Studying the interaction between government and the economy would occur on a______________?
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A. secondhand level

B. macrosocial level

C. microsocial level

D. macroscopic level

6271. A pluralist in the U.S would maintain that___________________?
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A. power is in the hands of a small homogeneous class of leaders

B. significant decisions are made by the upper classes

C. policy reflects the wishes of a few elites

D. power is spread through multiple centers

6272. An ideology is______________?
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A. always based on religion

B. a set of ideas values and attitudes

C. a testable theory

D. none of the above

6273. Statistics that allow researchers to generalize to a population from a sample are called______________?
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A. descriptive

B. correlational

C. longitudinal

D. inferential

6274. Culture is based on______________?
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A. genetic heredity

B. simple learning only

C. instinct

D. learning thorough symbols

6275. Achieved status would be especially important in_______________?
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A. ancient Egypt

B. 19th century India

C. none of the above

D. feudal Europe

6276. The Democrats lost the presidential elections in 1984 and 1988 because of______________?
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A. loss of direct contact with the electorate

B. huge political gaffes

C. split ticket voting

D. running the wrong candidates

6277. Which resources are scarce in every society ?
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A. Food shelter and protective coverings

B. Sufficient males to mate with all the females

C. Wheat and com

D. Fertile land

6278. Contrary to Karl Marx,s expectations communist revolutions occurred in_______________?
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A. less economically developed nations like Russia

B. agricultural nations like Cuba

C. all of the above

D. Asian nations lacking well-developed industrial sectors like China

6279. Fascism_______________?
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A. refuses violence

B. distrusts reason

C. stresses a belief in human equality

D. appeals to intellectuals

6280. The creation of culture unlike playwriting ?
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A. is the work of generation?

B. never results in a final authorized script

C. is not always a deliberate act

D. all of the above

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