economics MCQs – Page 324

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 Review each marked answer and report any item that may be outdated or unclear.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
6461. What kind of a system is the economic institution ?
comments icon0
A. Cultural and social

B. Semantic and semitic

C. Typically, American

D. Religious and educational

6462. According Piaget,s developmental theory______________?
comments icon0

A. none of the above

B. a child of five can learn philosophy

C. a child of eight can master addition

D. a child of one can understand social rules

6463. In industrial societies consumption ?
comments icon0

A. is viewed unfavorably

B. maintains and fuels demand

C. must always be limited

D. is not a factor

6464. Smith wrote that private ownership of the means of production would ?
comments icon0

A. create abuse

B. stimulate economic growth as each individual tried to maximize profits

C. stifle economic growth as the markets would be flooded with merchandise

D. stimulate government control

6465. Deviance is defined as________________?
comments icon0
A. behavior that passes the limits of what the social group tolerates

B. any violation of societal norms

C. behavior forbidden by religion

D. breaking legal codes

6466. Income received by firms from sources other than households is called_________________?
comments icon0

A. incidentals

B. windfalls

C. injections

D. incremental

6467. The psychodynamic theories of personality are associated with________________?
comments icon0
A. Sigmund Freud

B. Jean Piaget

C. Charles Horton Cooley

D. George Herbert Mead

6468. The struggle of women and ethnic minorities to change certain discriminatory practices concerns ?
comments icon0

A. role strain

B. role conflict

C. ascribed statuses

D. master statuses

6469. Utilitarian organizations are so named because they ?
comments icon0

A. serve the practical purposes of their owners

B. produce useful things

C. provide material benefits in exchange for work

D. provide useful services to the community

6470. Studying interaction within a human family would occur on a____________?
comments icon0

A. microsocial level

B. macroscopic level

C. microscopic level

D. macrosocial level
6471. Political scientist Morgenthau and the realist school believe that foreign policy is based on_______________?
comments icon0

A. rights of humanity

B. what is best for the people of a nation

C. morality

D. exercise of power
6472. The principle of the separation of powers________________?
comments icon0

A. provides for an absolute separation of three branches of government

B. is prescribed by the Constitution

C. was a notion the framers had to abandon

D. was imitated by the framers of the constitution from Roman forms of government

6473. Socialization happens in__________________?
comments icon0

A. infants

B. children

C. persons of all ages

D. adults

6474. One of the functions of public policy is to________________?
comments icon0

A. plan to ensure the correct mix of supply and demand

B. ensure that everyone is a sinner in the economy

C. none of the above

D. mediate among conflicting economic goals
6475. The concept of human inequality ?
comments icon0

A. has been borrowed from the natural sciences

B. is tolerated by religious ideologies

C. is incorporated in the ideology of democracy

D. underlies fascism
6476. The most advanced form of regional cooperation is exhibited by______________?
comments icon0

A. Africa

B. The Middle East

C. Europe

D. The Pacific Rim

6477. According to Daniel Bell the first technological revolution_______________?
comments icon0

A. all of the above

B. was the first of three such revolution

C. entailed the harnessing of electricity

D. involved a change in farming techniques

6478. When supply and demand are essentially equal the economy is said to be in________________?
comments icon0

A. abeyance

B. equilibrium

C. equivalence

D. a recession

6479. What models did the frames of the Constitution use for the office of the presidency ?
comments icon0
A. None

B. American Indian chiefdoms

C. Middle Eastern dynasties

D. The European monarchs

6480. The middle- and low-income nation are located mostly in_______________?
comments icon0
A. the southern regions of the world

B. the northern regions of the world

C. the North and South Pole

D. the North-South Axis