economics MCQs – Page 315

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 Review each marked answer and report any item that may be outdated or unclear.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
6281. Violation of a folkway is considered ?
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A. a legally punishable offense

B. a slight to one,s group but not a punishable offense

C. a violation striking to the very heart of society

D. an incident of no consequence whatsoever

6282. Industrial societies are based on____________?
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A. machines for production

B. smokestacks

C. kinship

D. primary ties

6283. Socialization involves the use of which process to turn a horde of barbarians into productive human beings ?
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A. prohibition

B. symbolic and physical interaction

C. trial and error

D. reinforcement

6284. The scientists skepticism extends to________________?
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A. the usefulness of scientific inquiry

B. his or her own findings

C. his or her own credentials

D. the value of scientific objectivity

6285. Democracy is based on_______________?
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A. the value of the individual

B. leadership of a charismatic leader

C. rule by the elite

D. ideal hopes for a future society

6286. The significant others of Mead,s theory are____________?
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A. unimportant because models do not influence personality

B. important because they provide the initial role models

C. constituted by governmental authorities who must be obeyed

D. similar to the ego of Freud,s theory

6287. Proposed political party reforms in the U.S include_____________?
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A. greater freedom of action for candidates

B. greater ideological division

C. increasing numbers of Independents

D. adopting a winner-takes -all principle

6288. The objective approach to determine social class membership is based on________________?
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A. years of education

B. income

C. all of the above

D. prestigious position

6289. The United States government includes the following traits____________?
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A. a subordinate judiciary

B. appointed representatives

C. unlimited power

D. federalism
6290. The Sapir-Whorf hypothesis ?
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A. is the product of a distinct world view?

B. all of the above

C. may well be unintelligible as translated in some languages

D. emphasizes the difficulty of understanding another culture as its participants understand it
6291. When one knows the roles that one is expected to play and is willing and able to do so one is_____________?
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A. a significant other

B. brainwashed

C. conditioned

D. successfully socialized
6292. Land labor capital and entrepreneurship are called__________________?
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A. raw materials

B. external devices

C. factors of production

D. impetus to upward mobility

6293. Freud located the libido ?
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A. in the genital stage

B. all of the above

C. within the ld

D. within family relations

6294. The earliest and least complex society was___________?
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A. agrarian

B. hunting and gathering

C. pastoral

D. horticultural

6295. Bureaucracy is based on________________?
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A. lack of authority

B. specialization

C. ad hoc rules

D. unpredictability

6296. Daniel Bell has called the newly emerging from of society ?
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A. informational

B. postindustrial

C. post-subsistence

D. technological

6297. Which is NOT an element of social structure ?
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A. Concepts

B. Norms

C. Statuses

D. Roles

6298. Our type of society fosters______________?
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A. none of the above

B. love of all humans

C. anxiety

D. a sense of calm

6299. Social Darwinists believed that________________?
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A. only the strongest persons should control the resources of a society

B. the weak shall inherit the earth

C. natural selection was a hoax

D. resources belong to all the people

6300. Norms are__________________?
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A. all of the above

B. internalized in most cases

C. reflections of values

D. guidelines for human behavior