economics MCQs – Page 316

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 Review each marked answer and report any item that may be outdated or unclear.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
6301. The presidents most important role is as_______________?
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A. administrator

B. foreign policy maker

C. ceremonial representative of the U.S

D. legislator

6302. Social ranking is based on________________?
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A. age

B. wealth

C. sex

D. all of the above
6303. A makeshift organizational network which often parallels bureaucratic administration is called______________?
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A. oligarchy

B. scientific management

C. humanized bureaucracy

D. informal bureaucracy
6304. The hypothesis is a statement of_____________?
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A. a tentative statement of a topic that is subject to testing

B. a universal truth

C. the scientists conclusions

D. disagreement with a generally accepted theory

6305. Traditional autocracy has been replaced by________________?
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A. democracy

B. tyranny

C. egalitarianism

D. authoritarian or totalitarian ideologies
6306. The study of human group behavior is the definition of________________?
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A. none of the above

B. geology

C. psychology

D. sociology
6307. Todays Catholic Church is classified as a________________?
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A. intergovernmental organization

B. nationless state

C. nongovernmental organization

D. national state

6308. Repeating a research project called ?
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A. replication

B. generalization

C. validation

D. verification

6309. Official sanctions usually entail________________?
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A. public recognition

B. the threat of force

C. all of the above

D. a transgression of the law

6310. The cognitive component of culture__________________?
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A. is made up of rules for behavior

B. consists of values and morals

C. includes knowledge beliefs and technology

D. is part of material culture

6311. Similarities common to all cultures are called_________________?
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A. culture traits

B. culture complexes

C. cultural universals

D. pivotal institution

6312. The United States government began to function in_______________?
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A. 1781

B. 1788

C. 1776

D. 1763

6313. The structural functionalist explanation of social stratification asserts that________________?
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A. nature demands the existence of social classes

B. people were not meant to work

C. there is a limited number of skilled talented people thus they should be rewarded

D. resources are plentiful so there is enough for all

6314. To a person who belongs to it beer can collectors, club is a(n) ?
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A. membership group

B. voluntary group

C. all of the above

D. reference group

6315. The synthesis of the elitist and pluralist approaches realist democracy assumes that_____________?
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A. all of the above

B. new groups can become the new elite

C. the elites have a consensus on basic democracy

D. voters do have a choice in elite competition

6316. Material culture________________?
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A. none of the above

B. illustrates the evolution of tools and includes all objects made by humans

C. is of limited importance to humans

D. has no relation to symbols?

6317. When we refer to how people really behave we________________?
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A. use folkways

B. use statistical norms

C. speak of mores

D. refer to the ideal norms

6318. The most essential element of culture is______________?
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A. a warning system

B. cooperation

C. group activities

D. language
6319. All but WHICH of the following characteristics of humans led to the development of science ?
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A. The use of reason

B. Curiosity

C. Fascination With the self

D. Blushing

6320. Successful socialization for humans requires_______________?
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A. genes alone

B. contact with other humans

C. the absence of others

D. the existence of schools or the media