economics MCQs – Page 318

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 Review each marked answer and report any item that may be outdated or unclear.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
6341. What percentage of the earths people live in low-income areas ?
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A. 56%

B. 35%

C. 10%

D. 5%

6342. The powers held by the states include those that are________________?
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A. delegated

B. reserved

C. legislative

D. confederate

6343. The invisible hand refers to_______________?
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A. the fact that prayer results in help

B. a belief in ghosts prevalent in the early Middle Ages

C. a feature of Adam Smith,s Wealth of Nations

D. the belief God exhibited by the Puritans

6344. Psychodynamic approaches to personality are so named because _____________?
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A. all of the above

B. they are based on a sophisticated definition of instinct

C. they emphasize sexual dysfunction

D. they stress the irrational

6345. Communism has a history of attracting Third World nations because of the fact that_____________?
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A. the ideology changes to suit conditions

B. it has not led to dictatorship

C. the ideology is static

D. it promises to give more power to the masses
6346. Drug addiction has been characterized as a victimless crime meaning ?
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A. addicts choose to be addicted and hurt no one but themselves

B. drug users are not responsible for their actions

C. society does care what happens to addicts

D. drug addiction is a sustainable life style

6347. The group way of life characteristic of humans may be traced to____________?
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A. a faulty genetic development

B. the small size of humans relative to other animals

C. our human ancestors way of life in trees

D. the fact that human infants are helpless for a long period of time
6348. Social systems are based on_______________?
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A. expectations as to the behavior of others

B. disorganization

C. haphazard behavior

D. chaos

6349. Which of the following is NOT true of primary relations ?
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A. they cannot exist in secondary groups

B. they are always harmonious

C. the family is the only source of primary relation

D. all of the above
6350. The following factors are important in production_______________?
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A. water space air

B. animal vegetable object

C. earth wind fire

D. technology time efficiency
6351. Laissez-faire is a policy that appeals to_______________?
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A. political freethinkers

B. political liberals

C. political independents

D. political conservatives
6352. The exchange system is based on_______________?
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A. supply and demand

B. lack of labor

C. government reaction

D. goods and service

6353. Symbols differ from signals in that______________?
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A. symbols are intrinsically meaningful

B. symbols are biologically determined

C. symbols have universal meaning

D. none of the above
6354. Deviance is relative because ____________?
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A. moralists prefer the term immorality

B. the definition of social norms varies by culture and subculture

C. no two people agree what deviance is

D. psychologists prefer the term abnormality

6355. Material objects found in nature are called_______________?
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A. capital

B. labor

C. land

D. time

6356. The treatment of mental illness based on rewards and punishment is referred to as_____________?
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A. chemotherapy

B. hypnotherapy

C. shock therapy

D. behavior therapy
6357. The relationship of the mass media and politicians can be described as_________________?
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A. media subversion of government

B. political control of the media

C. symbiotic and adversarial

D. nonexistent

6358. The price system_______________?
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A. is equitable

B. only B and C

C. rations products among consumers

D. allows wealthy consumers to obtain more products

6359. The capacity of a nation to use its resources to affect the behavior of other nations is a definition of________________?
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A. diplomacy

B. power in the context of international relations

C. foreign policy

D. international law

6360. Today most workers in the United States are employed in the_________________?
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A. quaternary sector

B. secondary sector

C. tertiary sector

D. primary sector