economics MCQs – Page 320

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 Review each marked answer and report any item that may be outdated or unclear.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

6381. The main function of organized labor is to_______________?
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A. regulate safety

B. manage large corporations

C. strike

D. bargain collectively

6382. In a confederacy________________?
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A. power is centralized in a national government

B. powers not claimed by individual states are reserved by the national government

C. there is no national government whatsoever

D. all political power ultimately belongs to the states

6383. Shortcomings of interest groups include______________?
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A. the dissemination of biased information

B. injecting partisan ideologies into political parties

C. stifling minority voices

D. creating splinter parties

6384. The behavior of an individual firm is part of_______________?
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A. institutional economics

B. macroeconomics

C. macroeconomics

D. macroeconomics

6385. Freudian psychoanalytic theory emphasizes the importance of the______________?
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A. unconscious level of personality

B. the absence of the unconscious level

C. conscious level of personality

D. empirical level of personality

6386. Aggregate demand is defined as_________________?
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A. one persons demand for goods and services

B. none of the above

C. the total demand in a society or on a world level for goods and services

D. the lack of demand for goods and services

6387. Lawrence Kohlberg,s theory of moral development claims______________?
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A. limited applicability to technologically advanced societies

B. post conventional morality is a luxury few cultures and societies can afford

C. universal validity

D. the desire for equality is peculiar to democratic nations

6388. Gambling and prostitution are included in the category of______________?
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A. sins against religious teaching

B. social order crimes

C. crimes against persons

D. organized crime

6389. When interaction is guided by shared and patterned expectations of behavior the social system has acquired a(n) ?
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A. social structure

B. social process

C. social stability

D. social value system

6390. In Eriksons system each of the stages present the individual with________________?
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A. crises of self-definition

B. opportunities for self-transcendence

C. all of the above

D. ethical dilemmas

6391. In economic growth it is important to consider________________?
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A. all of the above

B. the quantity of capital and labor

C. the quality of capital and labor

D. the quality of the labor force

6392. A separation of institutional forms is most characteristic of__________________?
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A. pastoral societies

B. agricultural societies

C. industrial societies

D. horticultural societies

6393. The newest challenge to the family,s formerly exclusive claim to the socialization of its children has come from ?
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A. the day-care center

B. child psychotherapy

C. the peer groups

D. the mass media

6394. A professional trained in a narrow abstract field is a________________?
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A. specialist

B. bureaucrat

C. vice president

D. foreman

6395. Values in any society_____________?
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A. all of the above

B. dictate conduct in every situation

C. are often contradictory

D. are specifically spelled out

6396. The biological basis of human personality derives from____________________?
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A. all of the above

B. the absence of instincts

C. the need for love

D. the need for body contact

6397. When a new nation is formed ?
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A. people must acknowledge a common history and a sense of a common future

B. older tribal loyalties must be abandoned

C. all of these

D. a we are feeling must emerge among people

6398. The difference in the three most prevalent economic systems lies in how ?
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A. profits are made

B. the people respect the government

C. much the government interferes in the economy

D. easy it is become rich

6399. The participants in a market economy cannot pursue their goals freely because they are affected by_________________?
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A. prices and incomes

B. economic laws

C. the religious institution

D. the ratio of gold to paper money

6400. If the GNP increases by 8% and prices increase by 3% the actual growth rate is_______________?
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A. 3%

B. 11%

C. 5%

D. 8%

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