economics MCQs – Page 317

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 Review each marked answer and report any item that may be outdated or unclear.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
6321. Federal legislation has sometimes been prompted by_____________________?
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A. inefficiency and sluggishness of state administrations

B. outright opposition by state governments to federal law

C. a general lack of financial resources and professional expertise at the state level

D. all of the above
6322. Most animal behavior is determined by_________________?
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A. animal culture

B. biology and instinct

C. symbolic interaction

D. a system of symbols

6323. Among the reason for overturning death penalty verdicts on appeal are______________?
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A. indications that prosecutors or police withheld information

B. findings of incompetent counsel

C. all of the above

D. improved DNA technology

6324. What were the goals of the Constitutional Convention ?
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A. To preserve the status quo

B. To insure the power of the small farmers

C. To diminish the power of a strong central government

D. To form a government that would serve the interests of all groups in the society
6325. According to Robert Salisbury the crucial factor in turning awareness of an issue into an organized movement is_______________?
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A. mass media

B. leadership

C. all of the above

D. money

6326. The current transitional period in which there is uncertainty as to what will happen to political parties is termed ?
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A. dealignment

B. retrenchment

C. realignment

D. alignment

6327. Tolerance of conflicting ideas has been_________________?
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A. none of the above

B. the downfall of industrialized societies

C. one of the great contributions of democracy

D. a major obstacle to establishing social order

6328. All languages encompass and express notions of____________?
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A. none of the above

B. shame and quilt

C. past and future

D. love and endearment

6329. The major function of the legislative branch is_______________?
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A. get around the administration

B. ensure that legislation is carried out

C. none of the above

D. to enact legislation
6330. An example of unconscious socialization would be____________________?
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A. correcting childs use of worlds

B. child taught to use knife and fork

C. child absorbing parents attitudes toward race

D. child taught to read

6331. What does one call property owned by the state in the name of the people ?
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A. common law

B. private

C. public

D. communal

6332. Deviance that has not been discovered is called ?
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A. secondary deviance

B. sinful deviance

C. primary deviance

D. final deviance

6333. Political scientists Dye and Zeigler maintain that____________?
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A. the elite constitutes a monolithic ruling class

B. elite groups have maximum control over decisions that affect the majority of people

C. the elite works against the public good

D. the elite may be influenced by the masses but it is more likely that it influences the masses
6334. When a few powerful corporation dominate as industry the condition is called_____________?
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A. oligopoly

B. government control

C. none of the above

D. a free market for all

6335. Professionalization means__________________?
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A. interlocking directorates

B. excessive upward mobility

C. racial polarization

D. a combination of theoretical knowledge and training
6336. The unique two-party system in the United States is based on______________?
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A. extremist ideologies

B. the need to have religious representation in government

C. proportional representation

D. broad agreement on basic principles
6337. The research on an isolated Amazon tribe______________?
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A. shows that perceptions affect reality

B. only A and C

C. language affects perceptions of reality

D. supports the Sapir-Whorf hypothesis

6338. Weber,s abstract model of bureaucracy entails______________?
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A. leadership by a self-appointed

B. None of the above

C. task specialization governed by explicit rule

D. a pyramid of authority based on inherited privilege

6339. The Industrial Revolution shifted the emphasis in ownership from land to______________?
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A. gold and silver

B. the means of production machines tools materials

C. serfs

D. precious spices

6340. The unraveling of soviet communism can be traced to______________?
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A. all of the above

B. the failure of the Soviet economy to provide for consumer goods

C. the oppressive role of the Communist Party

D. a failure in raised expectations