economics MCQs – Page 329

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 Review each marked answer and report any item that may be outdated or unclear.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

6561. The leaders of interest groups tend to be_________________?
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A. more conservative than the rank and file

B. in accord with the agenda of the rank and file

C. more liberal than the rank and file

D. unaware of the concerns of the rank and file

6562. The factors influencing the political behavior of American voters include ?
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A. social class

B. all of the above

C. mass media

D. socialization

6563. A child shows her parents how to operate a computer This situation reflects_____________?
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A. secondary socialization

B. primary socialization

C. reverse socialization

D. tertiary socialization

6564. The public sector_________________?
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A. is bloated with a large bureaucracy

B. employs one of every four workers

C. all of the above

D. is less efficient and effective than the private sector

6565. The nation with the longest political campaign period is_______________?
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A. Italy

B. all nations take the same time to campaign

C. England

D. the United States

6566. An example of a permanent or enduring subculture would be_______________?
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A. the military establishment

B. a group of guerrillas

C. a doomsday cult

D. life in a survivalist enclave

6567. A demand-side theory that focuses on the role of money to finance aggregate demand is termed__________?
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A. Reaganism

B. the gold standard

C. cash and carry

D. monetarism

6568. Cooleys Lookingglass self refers to______________________?
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A. negative self-image

B. positive self-image

C. a persons perception as to what others think of him/her

D. self-regard based on instinct

6569. The condition of an increase in prices NOT triggered by an increase in demand is called_______________?
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A. inflation

B. hyperinflation

C. restraint of trade

D. the Pigou effects

6570. The emergence of the self as a result of interaction with others is a common thread in ALL BUT ONE of the following theories ?
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A. Lookingglass self

B. symbolic interactionism

C. developmental theory

D. behaviorism

6571. In the United States a college degree is generally associated with_____________?
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A. achieved status

B. no status

C. castes

D. ascribed status

6572. Advocates of the elitist approach believe that the ruling elite maintains its power by____________?
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A. none of the above

B. physical force

C. explaining the truth to the people

D. manipulation of the masses

6573. The more consumers are willing to pay for a product_____________________?
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A. the more expensive the product becomes

B. the more they go into debt forcing them to stop buying

C. the less producers will manufacture to raise the price still more

D. the more of the product will be produced

6574. C.Wright Mills wrote that the power elite controls_________________?
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A. all political and social issues

B. access to Supreme Court appointments

C. the election of all national officials

D. the major issues like war and peace

6575. Recent studies related to daycare centers indicate that_____________?
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A. children lose intellectual progress

B. they are a breeding ground of child abuse

C. children are generally emotionally impaired by them

D. there is no important loss or gain in intellectual development in well managed centers

6576. In perfect price discrimination ?
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A. produce surplus is zero

B. Consumer surplus is maximised

C. Consumer surplus is zero

D. Community surplus is maximised

6577. The classical neoclassical monetarist Keynesian refers to the discipline of_____________?
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A. anthropology

B. economics

C. psychology

D. sociology

6578. The development of modern culture is CHIEFLY dependent upon ?
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A. bifocalism

B. complex symbolic communication

C. upright posture

D. grasping ability of the hand

6579. In perfect price discrimination ?
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A. The demand curve is the marginal cost curve

B. The demand curve is the marginal revenue

C. The average revenue equals the average cost

D. The marginal cost is the average cost curve

6580. When internal economies of scale occur ?
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A. Average costs fall

B. Revenue falls

C. Total costs fall

D. Marginal costs increase

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