economics MCQs – Page 327

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 Review each marked answer and report any item that may be outdated or unclear.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

6521. According to the labeling theory which of the following concepts explains why a labeled individual becomes deviant ?
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A. Self-fulfilling prophecy

B. Resocialization

C. Ethnocentrism

D. Rebellion

6522. Income received by firms that is not returned to households or other firms is called________________?
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A. exchange flow

B. unbalanced exchange

C. withdrawals

D. savings

6523. Interest groups have the following traits They_______________?
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A. are only accountable to themselves

B. have the goal of complete control of the government

C. present official candidates to the electorate

D. put their names on ballots

6524. Democratic socialism is an ideology that______________?
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A. seeks to provide essential services to all

B. demands total nationalization of the economy

C. preaches hatred of the state

D. stresses class struggle

6525. It is true that_____________?
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A. formal organizations are based on groups of people

B. institutions are voluntary

C. formal organizations are the same as institution

D. institutions are groups of people

6526. An infant,s cries for help_______________?
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A. are natural in all mammals

B. signify a weakness in its development

C. should be ignored or the infant will be spoiled

D. are instrumental in cementing the mother-infant bonding

6527. Political activists_______________?
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A. are moving outside the Democratic party to achieve some of their political goals

B. are becoming very scarce in both parties

C. are hoping to create a third party

D. none of the above

6528. When a state experiences a foreign policy crisis_______________?
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A. the United Nations is contacted

B. the Chief State makes all final decisions

C. both general and administrative personnel are involved

D. Henry Kissinger is contacted

6529. Mead,sI ?
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A. emerged before the me

B. eventually completely merges with the me

C. all of the above

D. corresponds to Freud,sego

6530. The system of distributing political power between a central national government and the governments of the geographical regions of the nation is called ?
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A. confederacy

B. federalism

C. Unitarianism

D. centralism

6531. A member of a Navajo tribe can graze his sheep on clan land but he cannot sell it Navajo land is what kind of property ?
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A. Communal

B. Private

C. Public

D. Indian

6532. Which of the following refers to Piaget,s developmental theory ?
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A. Behavior is the product of genetic predispositions

B. The most important influence on personality development is social class

C. Personality development proceeds in stages related to sensorimotor maturation

D. Personality development acts independently of physical development

6533. Specialized socialization occurs most frequently in________________?
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A. the family

B. the peer groups

C. church

D. occupational groups or organizations

6534. Supervising and investigating the manner in which the legislative bureaucracy carries out and implements the laws Congress passes is a function called_____________?
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A. Ways and Means

B. control of Congress

C. oversight

D. supervision

6535. An extreme example of the consequences of ethnocentrism in the sense of ethnochauvinism is_____________?
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A. ethnic cleansing

B. ethnic pluralism

C. cultural relativity

D. assimilation

6536. Conflict_______________?
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A. underlies both competition and coercion

B. is diametrically opposed to competition

C. is a hostile form of struggle?

D. all of the above

6537. The largest group to Which a person belongs is______________?
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A. society

B. family

C. primary

D. triad

6538. A society based on close personal ties is a_____________?
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A. family

B. Mineshaft

C. Gesellschaft

D. Gemeinschaft

6539. Social control through the enforcement of norms works because ?
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A. everyone fears pain and embarrassment

B. independent though and action are too hard

C. people need to be manipulated

D. individuals are anxious to be accepted

6540. The Truman Doctrine Marshall Plan and NATO are characteristic of which period ?
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A. internationalism

B. containment

C. isolationism

D. interventionism

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