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
3351. The relationship of the mass media and politicians can be described as_________________?
comments icon0

A. political control of the media

B. media subversion of government

C. nonexistent

D. symbiotic and adversarial
3352. 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 ?
comments icon0

A. Private

B. Communal

C. Indian

D. Public

3353. Economics deals with_______________?
comments icon0

A. distribution of goods and services

B. all of the above

C. consumption of goods and services

D. production of goods and services

3354. A personality refers to______________?
comments icon0

A. emotions of a person

B. all of the above

C. behavioral traits of a person

D. attitudes of a person

3355. The major function of the legislative branch is_______________?
comments icon0

A. get around the administration

B. ensure that legislation is carried out

C. to enact legislation

D. none of the above

3356. The system of distributing political power between a central national government and the governments of the geographical regions of the nation is called ?
comments icon0

A. confederacy

B. centralism

C. Unitarianism

D. federalism
3357. When does a society need laws ?
comments icon0
A. when the folkways and mores are not sufficient to control behavior

B. when the court system declares that they are needed

C. when people commit too many sins

D. when it is necessary to create folkways and mores

3358. The study of traits that appear in specific population as adaptation to specific environments is called ?
comments icon0
A. physical anthropology

B. psychology

C. demography

D. cultural anthropology

3359. Objectivity means ?
comments icon0
A. eliminating bias

B. precision

C. taking nothing for granted

D. repeating observations

3360. Which is an example of a pivotal social institution ?
comments icon0
A. The economy

B. A jail

C. A rock bands

D. A symphony orchestra

3361. Lawrence Kohlberg,s theory of moral development claims______________?
comments icon0

A. limited applicability to technologically advanced societies

B. post conventional morality is a luxury few cultures and societies can afford

C. universal validity

D. the desire for equality is peculiar to democratic nations

3362. A society based on close personal ties is a_____________?
comments icon0

A. Mineshaft

B. family

C. Gemeinschaft

D. Gesellschaft

3363. Income received by firms that is not returned to households or other firms is called________________?
comments icon0
A. withdrawals

B. savings

C. exchange flow

D. unbalanced exchange

3364. Smith wrote that private ownership of the means of production would ?
comments icon0
A. stimulate economic growth as each individual tried to maximize profits

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

C. stimulate government control

D. create abuse

3365. Agents of socialization consist of_______________?
comments icon0
A. none of these

B. drives

C. genes

D. instincts

3366. The evaluation that a certain phenomenon is good beautiful moral right and therefore desirable is termed a_______________?
comments icon0

A. folkway

B. value

C. guideline

D. norm

3367. Public government agencies are________________?
comments icon0

A. firms

B. central authorities

C. households

D. markets

3368. Which of the following is identified with the elitist view _____________?
comments icon0

A. C.Wright Mills

B. Karl Marx

C. Paul Samuelson

D. BOTH Mills and Marx
3369. Society and culture______________?
comments icon0

A. all of the above

B. are separate phenomena

C. are in continual conflict

D. are interrelated and interdependent
3370. Biological factors which make the development of culture possible include ?
comments icon0

A. erect walking posture

B. vision in depth

C. all of the above

D. opposable thumb

3371. The research on an isolated Amazon tribe______________?
comments icon0

A. language affects perceptions of reality

B. only A and C

C. supports the Sapir-Whorf hypothesis

D. shows that perceptions affect reality

3372. A counterculture ?
comments icon0

A. is based in stores

B. emphasizes math

C. opposes values of the mainstream culture

D. none of the above

3373. The principle of the separation of powers________________?
comments icon0

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

B. is prescribed by the Constitution

C. was a notion the framers had to abandon

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

3374. In the United States a college degree is generally associated with_____________?
comments icon0
A. achieved status

B. castes

C. ascribed status

D. no status

3375. Soft money is_________________?
comments icon0

A. money given after the election

B. money used to purchase air time

C. none of the above

D. money promised for campaigns

3376. Symbols differ from signals in that______________?
comments icon0

A. symbols are intrinsically meaningful

B. symbols have universal meaning

C. symbols are biologically determined

D. none of the above
3377. Social systems are based on_______________?
comments icon0

A. disorganization

B. chaos

C. haphazard behavior

D. expectations as to the behavior of others
3378. Democratic socialism is an ideology that______________?
comments icon0
A. seeks to provide essential services to all

B. preaches hatred of the state

C. demands total nationalization of the economy

D. stresses class struggle

3379. When politicians refer to the intention of the framers of the Constitution of the United States they are making recourse to_____________?
comments icon0

A. all of the above

B. charismatic authority

C. traditional authority

D. legal rational authority

3380. According to Robert Salisbury the crucial factor in turning awareness of an issue into an organized movement is_______________?
comments icon0
A. leadership

B. money

C. mass media

D. all of the above

3381. The largest group of people inhabiting a specific territory and sharing a common cultureis a definition of a_____________?
comments icon0

A. nation

B. society

C. state

D. government

3382. Professionalization means________________?
comments icon0

A. the same as unemployment

B. having theoretical knowledge in addition to training

C. everyone is called by a title

D. there is a decrease in polarization

3383. Ideologies____________?
comments icon0

A. refer to the study of ideas

B. never distort the truth

C. direct people to act in a certain way

D. always abhor fanaticism

3384. Scientists start an investigation with by________________?
comments icon0

A. replicating an experiment

B. selecting and defining a topic

C. verifying a hypothesis

D. analyzing data

3385. The principal difference between people and other animals is that ?
comments icon0

A. biology dictates human behavior while instincts direct animal behavior

B. people communicate with symbols while animals communicate with signals

C. people live in families while animals live in tribes

D. animals larger and stronger

3386. According Piaget,s developmental theory______________?
comments icon0
A. a child of eight can master addition

B. none of the above

C. a child of five can learn philosophy

D. a child of one can understand social rules

3387. The federal system is contrasted with a (n)_______________?
comments icon0

A. unitary system

B. confederate system

C. catholic system

D. BOTH unitary and confederate systems
3388. The most self-sufficient group is________________?
comments icon0

A. the military

B. the family

C. ones in-group

D. society
3389. Interest groups have the following traits They_______________?
comments icon0

A. have the goal of complete control of the government

B. are only accountable to themselves

C. present official candidates to the electorate

D. put their names on ballots

3390. The purpose of the Bill of Rights is to_________________?
comments icon0

A. weaken the government

B. restrict the power of the government

C. make revolution impossible

D. give more power to the government

3391. Culture is the basis of______________?
comments icon0

A. all animal groups

B. none of the above

C. human social life

D. not only human but also ant society

3392. It is true of science that_______________?
comments icon0
A. it is body of knowledge organized in a logical manner

B. its content is more important than its method

C. id does not include the method of investigation

D. it is not concerned with the method of acquiring knowledge

3393. Government based on the rule of either the landed gentry the educated and privileged or the hereditary nobility is called_______________?
comments icon0
A. aristocracy

B. oligarchy

C. republicanism

D. democracy

3394. Which of the following is FALSE? Scientific observation ?
comments icon0
A. is open to anyone who wants to pursue it

B. must occur under controlled conditions

C. must proceed systematically

D. yields valid date with classification organization or recording

3395. The classical neoclassical monetarist Keynesian refers to the discipline of_____________?
comments icon0

A. anthropology

B. sociology

C. economics

D. psychology

3396. It may be said that the three branches of government________________?
comments icon0

A. are absolutely separated from one another

B. undergo checks and balances among one another

C. make for speedy decision making

D. are integrated into a cohesive unit

3397. Which is NOT a restraint imposed on the United States government ?
comments icon0

A. Checks and balances

B. Federalism

C. Separation of powers

D. Presidential supremacy
3398. A group way of life lends itself to disorder because_________________?
comments icon0

A. humans are solitary creatures

B. the world is based on randomness

C. human behavior is unpredictable

D. individuals differ in temperament goals and desires

3399. The unraveling of soviet communism can be traced to______________?
comments icon0
A. all of the above

B. the oppressive role of the Communist Party

C. the failure of the Soviet economy to provide for consumer goods

D. a failure in raised expectations

3400. Tolerance of conflicting ideas has been_________________?
comments icon0

A. the downfall of industrialized societies

B. a major obstacle to establishing social order

C. one of the great contributions of democracy

D. none of the above