economics MCQs – Page 323

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 Review each marked answer and report any item that may be outdated or unclear.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
6441. Agents of socialization consist of_______________?
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A. instincts

B. drives

C. genes

D. none of these
6442. Merton attributed deviance to anomie meaning ?
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A. neurosis

B. wild mood swings

C. lack of legitimate means to attain group goals

D. mental retardation

6443. Public policy according to elitists tends to reflect______________?
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A. the compromises necessary to temper ideals with reality

B. the values of the elites

C. the demands of the masses

D. the ideals of the society

6444. C.Wright Mills maintains that the nation is really ruled by_______________?
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A. representatives of the people

B. the masses

C. a power elite

D. the participants in the political process

6446. Third parties arise when_____________?
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A. the nation experiences severs economic recession or depression

B. a large portion of the electorate is dissatisfied with the other candidates

C. new political ideologies emerge

D. a charismatic leader is available

6447. Which is false of reference groups? They_________?
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A. provide standards against which we measure ourselves

B. are groups to which we belong from birth on

C. affect our values goals attitudes and behavior

D. are important during socialization

6449. The second function of the legislative branch is to______________?
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A. ensure a system of representation

B. pass laws consistent with moral values

C. govern every state in the Union

D. ensure that neither of the chambers has the upper hand

6450. Capitalisms roots can be found in_________________?
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A. machine-based production

B. Christianity

C. dialectic materialism

D. feudal agriculture

6451. According to the differential association theory deviant acts are_________________?
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A. the result of social deprivation

B. learned through interaction with others

C. considered normal by some antisocial individuals

D. caused by abnormal chromosomes

6452. According to the broker rule school of though________________?
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A. power is in the hands of a small group of individuals

B. Wall street brokers and other bankers hold the effective reins of government

C. power is diffused among numerous interest groups who compete and compromise on the decision-making process

D. the fewer interest groups exist the greater the stability of the political system

6453. Deviance______________?
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A. shows what is proper behavior

B. helps group cohesiveness

C. all of the above

D. promotes social change

6454. In many societies cannibalism is______________?
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A. mores

B. a cultural complex

C. a cultural trait

D. a taboo
6455. A personality refers to______________?
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A. attitudes of a person

B. all of the above

C. emotions of a person

D. behavioral traits of a person

6456. Which of the following is NOT a predominant goal of American society ?
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A. a desirable mix of windfall profits

B. none of the above are dominant goals

C. a leisure-based society

D. spectacular growth

6457. The cause of freedom is served according to democratic capitalists when__________________?
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A. welfare is eliminated

B. everyone has the right to hold private property

C. everyone has the chance to become a millionaire

D. everyone has economic security

6458. Which is NOT a restraint imposed on the United States government ?
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A. Presidential supremacy

B. Checks and balances

C. Separation of powers

D. Federalism

6459. Which of the following would fit Charles Horton Cooleys classification of a primary group ?
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A. Tourists visiting a resort

B. Redheads

C. A sales clerk and a customer

D. A married couple

6460. ideologies may be______________?
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A. all of the above

B. abstract

C. comprehensive

D. partial