economics MCQs – Page 328

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 Review each marked answer and report any item that may be outdated or unclear.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

6541. Participant observation_________________?
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A. is exclusively used by anthropologists

B. involves experimental controls

C. may compromise the objectivity of the researcher

D. requires the researcher to disguise his or her identity

6542. A working wife and mother is likely to encounter ?
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A. no role involvement

B. role happiness

C. role strain

D. the best of both roles

6543. Which of the following is an index crime ?
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A. being in a football pool

B. robbery

C. all of the above

D. speeding

6544. In the present national power is based on________________?
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A. size and resources

B. location and population

C. specific combinations of attributes

D. political ideology and wealth

6545. The history of the world according to Marx could be interpreted through ?
0

A. an absence of materialism

B. dialectic materialism

C. idealism

D. a cyclical theory

6546. One of the most powerful committees in the House of Representatives is the_____________?
0

A. Rules Committee

B. Forest Preservation Committee

C. Foreign Affairs Committee

D. Farm Affairs Committee

6547. A societys economic system is largely determined by its concept of________________?
0

A. truth

B. justice

C. property

D. happiness

6548. An ideology or doctrine spread through persuasion is______________?
0

A. propaganda

B. foreign policy

C. journalism

D. diplomacy

6549. During and after a depression the government can use fiscal policy through its powers of_____________?
0

A. wage regulation

B. spending and taxation

C. income ceilings

D. bank regulation

6550. The largest group of people inhabiting a specific territory and sharing a common cultureis a definition of a_____________?
0

A. state

B. government

C. nation

D. society

6551. The term Neo-Freudian refers to__________________?
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A. thinkers influenced by Freud who have modified his ideas

B. behavior based on sexual drives

C. thinkers opposed to psychoanalysis

D. thinkers prior to Freud who anticipated his ideas

6552. The high cost of fighting crime is due in large part to_______________?
0

A. an increase in prison inmates

B. tax cuts instituted by the present administration

C. the increase in organized crime

D. high unemployment rates

6553. The production possibilities frontier refers to_______________?
0

A. limitless output of commodities

B. the amount of each commodity that can be produced given available resources

C. none of the above

D. unlimited production of one commodity

6554. It is the function of Congress to_______________?
0

A. decide the constitutionality of specific laws

B. vote funds for conducting foreign affairs

C. unanimously approve treaties

D. conduct foreign affairs

6555. The process of circulating petitions in order to place specific issues before the legislators is called____________?
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A. innuendo

B. impressment

C. initiative

D. appeasement

6556. Consumer sovereignty means that________________?
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A. producers supply what is demanded

B. all of the above

C. production depends on supply and demand

D. consumers create demand

6557. Most autocratic regimes have constitutions based on the principle of the_________?
0

A. rule of law

B. rule of public authority

C. rule of men

D. rule of the majority

6558. Inflation results when_________________?
0

A. there is control of purchasing power

B. supply exceed demand

C. consumers have no purchasing power

D. demand exceeds supply

6559. Americans who join voluntary associations are generally ?
0

A. black

B. Catholic

C. poor

D. urban

6560. The type of foreign policy decisions made by the governmental bureaucracy fall into the category of_______________?
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A. crisis decisions

B. legislative decisions

C. constructive foreign policy

D. administrative foreign policy

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