economics MCQs – Page 325

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 Review each marked answer and report any item that may be outdated or unclear.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

6481. Congestion pollution urban decay and similar side effects of the market system are termed_____________?
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A. externalities

B. negatives

C. tangentials

D. internalities

6482. Constitution are_________________?
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A. instruments for limiting governmental power

B. characteristic of democracies only

C. signed documents

D. possible only in industrial societies

6483. Which of the following programs are particularly dependent upon state resources ?
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A. Public education

B. Corporate growth

C. Public housing

D. The Social Security system

6484. A formal structure of an organizations is its_______________?
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A. leadership structure

B. bylaws and body of officers

C. appearance to its general public

D. full-time employees

6485. When politicians refer to the intention of the framers of the Constitution of the United States they are making recourse to_____________?
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A. charismatic authority

B. legal rational authority

C. traditional authority

D. all of the above

6486. The democratic state is based on the social contract theories of Locke and Rousseau These theories maintain that ?
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A. people must obey the rulers at all times

B. a society cannot exist without authoritarian rulers

C. the people allow themselves to be governed for their own good

D. the rulers govern at the direction of God

6487. According to Mead the generalized other is_______________?
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A. analytic internalization

B. shame

C. societal norms

D. ones mother

6488. illegal acts that are characterized by deceit concealment or violation of trust is the FBI,s definition of_______________?
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A. robbery

B. white-collar crime

C. arson

D. organized crime

6489. A symbiotic relationship exists between__________________?
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A. the president and Congress

B. the two political parties

C. all of the above

D. the press and politicians

6490. An emotional disorder that still allows one to work in society is called a(n) ?
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A. halitosis

B. prognosis

C. neurosis

D. psychosis

6491. A good example of a primary group is_________________?
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A. all of the above

B. the U.S Army

C. AT&T Corp

D. a family

6492. The main purpose of a political party in a democracy is to________________?
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A. eliminate power

B. gain power

C. eliminate the opposition

D. control the media

6493. Political ideology deals with______________?
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A. economics

B. parties

C. none of the above

D. matters of rule selection and principles of rule

6494. Public policy is________________?
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A. what the government fails to do

B. a plan of action

C. what the government does

D. all of the above

6495. The negative functions of interest groups include_______________?
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A. they are representative of a minority of people

B. none of the above

C. they are democratic

D. they are accountable to the public

6496. The master status of George W.Bush was______________?
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A. husband

B. dog owner

C. jogger

D. president

6497. Biological explanations of deviance________________?
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A. were popular during the first half of the 20th century

B. explain all types of deviance

C. agree on the causes of deviance

D. are strongly supported scientifically

6498. A way of calculating the total output of the economy and all incomes earned within the Pakistan regardless of whether the resources are Pakistan or foreign is_______________?
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A. the SPQR

B. the NNP

C. the GNP

D. the GDP

6499. Which of the following is likely to be an involuntary group? The____________?
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A. Boston Bruins

B. Ku Klux Klan

C. campaign staff working for presidential candidate

D. the Smith family

6500. Which perspective looks at the world-wide context and emphasizes economic factors ?
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A. Neo-realism

B. Globalism

C. Realism

D. Pluralism

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