economics MCQs – Page 321

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 Review each marked answer and report any item that may be outdated or unclear.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
6401. Which of the following acts does NOT constitute a crime if committed by an adult ?
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A. Copyright infringement

B. Prostitution

C. Truancy

D. illegal drug use

6402. Income distribution according to productive contribution is____________?
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A. inefficient but equitable

B. efficient but inequitable

C. a tenet of communism

D. efficient and equitable

6403. Some state powers are inferred from the power specifically delegated by the Constitution to the central government These are Called ___________?
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A. implied powers

B. reserved powers

C. residual powers

D. inferred powers

6404. Government based on the rule of either the landed gentry the educated and privileged or the hereditary nobility is called_______________?
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A. republicanism

B. oligarchy

C. aristocracy

D. democracy

6405. Totalitarian regimes_____________?
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A. control the individual socially and politically

B. control only political life

C. leave individuals human and civil rights intact

D. deal only with economic and foreign policy matters

6406. The most self-sufficient group is________________?
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A. society

B. ones in-group

C. the family

D. the military

6407. A general in an army chart of command positions would constitute a______________?
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A. status

B. role

C. institution

D. norm

6408. A predisposition toward certain points of view is called_______________?
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A. attitude

B. action

C. opinion

D. conviction

6409. The largest of the world regions containing 44 countries is_____________?
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A. North America

B. Asia

C. Sub-Saharan Africa

D. Europe

6410. The family is the prime example of a(n) ?
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A. voluntary group

B. secondary group

C. primary group

D. Gesellschaft

6411. According to the differential association theory deviant acts are_________________?
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A. caused by abnormal chromosomes

B. the result of social deprivation

C. considered normal by some antisocial individuals

D. learned through interaction with others
6412. Public government agencies are________________?
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A. markets

B. households

C. firms

D. central authorities
6413. Serious mental disorders that often require periods of hospitalization or institutionalization are called____________?
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A. all of the above

B. neuroses

C. sociopathologys

D. psychoses
6414. Maturation for humans involves ?
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A. socialization

B. learning to be responsible

C. the development of instincts

D. physical development
6415. Congressional representation is based on______________?
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A. single member constituency system

B. proportional representation

C. parliamentary system

D. BOTH single-member constituency and proportional representation
6416. Socialism and communism both call for________________?
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A. government controlling parts of the economy for the common good

B. revolutionary change

C. abolition of private property

D. totalitarian government and dictatorship of the proletariat

6417. The purpose of the Bill of Rights is to_________________?
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A. weaken the government

B. give more power to the government

C. restrict the power of the government

D. make revolution impossible

6418. The human infants first step in socialization is_________________?
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A. walking

B. crying

C. awareness of self

D. speaking

6419. Adult socialization typically_____________?
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A. is less effective and easier to resist than childhood socialization

B. involves acquiring a self-image

C. all of the above

D. occurs incidentally and unconsciously

6420. Contemporary technologically advanced societies tend to be_______________?
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A. hexahedron

B. heterogeneous

C. hermetic

D. homogeneous