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
3451. Third parties arise when_____________?
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A. new political ideologies emerge

B. a charismatic leader is available

C. a large portion of the electorate is dissatisfied with the other candidates

D. the nation experiences severs economic recession or depression

3452. 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

3453. Scientific observations are based on_________________?
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A. controlled conditions

B. all of the above

C. precision

D. organization of the data

3454. A societys economic system is largely determined by its concept of________________?
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A. justice

B. happiness

C. truth

D. property
3455. The second function of the legislative branch is to______________?
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A. ensure that neither of the chambers has the upper hand

B. ensure a system of representation

C. govern every state in the Union

D. pass laws consistent with moral values

3456. Material objects found in nature are called_______________?
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A. labor

B. land

C. capital

D. time

3457. The main purpose of a political party in a democracy is to________________?
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A. eliminate the opposition

B. gain power

C. eliminate power

D. control the media

3458. Deviance is defined as________________?
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A. behavior forbidden by religion

B. behavior that passes the limits of what the social group tolerates

C. breaking legal codes

D. any violation of societal norms

3459. The biological basis of human personality derives from____________________?
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A. the need for body contact

B. the need for love

C. the absence of instincts

D. all of the above
3460. The leaders of interest groups tend to be_________________?
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A. more conservative than the rank and file

B. unaware of the concerns of the rank and file

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

D. more liberal than the rank and file
3461. The history of the world according to Marx could be interpreted through ?
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A. dialectic materialism

B. an absence of materialism

C. idealism

D. a cyclical theory

3462. Political ideology deals with______________?
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A. economics

B. matters of rule selection and principles of rule

C. none of the above

D. parties

3463. The production possibilities frontier refers to_______________?
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A. limitless output of commodities

B. unlimited production of one commodity

C. none of the above

D. the amount of each commodity that can be produced given available resources
3464. Durkheim was one of the first scientific sociologists who studied______________?
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A. suicide

B. all of the above

C. sex

D. mental illness

3465. What does one call property owned by the state in the name of the people ?
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A. common law

B. communal

C. private

D. public
3466. Studies of siblings who shared parents social class and everyday experiences have shown that they_____________?
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A. view the same experiences differently

B. arrive at a common view point through discussion

C. perceive the same events in the same way

D. pretend to disagree when they really agree

3467. The social sciences first emerged ?
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A. to systematically apply common sense to issues

B. as a method of social control

C. to defend the established order

D. as a search for universal social laws
3468. 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. symbolic interactionism

B. developmental theory

C. Lookingglass self

D. behaviorism
3469. The norm of reciprocity entails______________?
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A. working jointly in a common enterprise for a shared goal

B. all of the above

C. doing something in return for what someone has done for you

D. doing things in an institutionalized way

3470. Studying interaction within a human family would occur on a____________?
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A. microsocial level

B. macrosocial level

C. macroscopic level

D. microscopic level

3471. C.Wright Mills wrote that the power elite controls_________________?
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A. the election of all national officials

B. the major issues like war and peace

C. all political and social issues

D. access to Supreme Court appointments

3472. The behavior of an individual firm is part of_______________?
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A. macroeconomics

B. institutional economics

C. macroeconomics

D. macroeconomics
3473. There is a tendency for people to_______________?
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A. rebel against group norms

B. respond only to negative sanctions

C. respond only to violence

D. accept group norms
3474. The negative functions of interest groups include_______________?
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A. none of the above

B. they are democratic

C. they are accountable to the public

D. they are representative of a minority of people

3475. The participants in a market economy cannot pursue their goals freely because they are affected by_________________?
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A. the religious institution

B. prices and incomes

C. economic laws

D. the ratio of gold to paper money

3476. The nation with the longest political campaign period is_______________?
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A. England

B. Italy

C. all nations take the same time to campaign

D. the United States
3477. If we add the numerical values of all our cases together and divide by the number of cases we get the_______________?
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A. moot

B. mean

C. mode

D. median

3478. The current Palestinians are a_____________?
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A. state split among several nations

B. state without a nation

C. nation split among several states

D. nation without a state
3479. C.Wright Mills maintains that the nation is really ruled by_______________?
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A. representatives of the people

B. the masses

C. the participants in the political process

D. a power elite
3480. Personality must be considered as________________?
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A. more a function of heredity than anything else

B. a result of biology alone

C. role demands

D. interplay between environment and learned behavior
3481. Public policy is________________?
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A. what the government fails to do

B. all of the above

C. a plan of action

D. what the government does

3482. Contemporary technologically advanced societies tend to be_______________?
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A. hermetic

B. hexahedron

C. homogeneous

D. heterogeneous
3483. Knowing the workings of a car engine represents which kind of knowledge ?
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A. cognitive

B. value oriented

C. normative

D. rule oriented

3484. For a young guitar player a rock band seen on TV would represent a (n) ?
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A. membership group

B. all of the above

C. involuntary group

D. reference group
3485. Which of the following programs are particularly dependent upon state resources ?
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A. Corporate growth

B. Public housing

C. The Social Security system

D. Public education
3486. It is true that_____________?
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A. institutions are groups of people

B. formal organizations are based on groups of people

C. formal organizations are the same as institution

D. institutions are voluntary

3487. Americans who join voluntary associations are generally ?
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A. urban

B. Catholic

C. black

D. poor

3488. The cause of freedom is served according to democratic capitalists when__________________?
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A. everyone has the chance to become a millionaire

B. welfare is eliminated

C. everyone has the right to hold private property

D. everyone has economic security

3489. History is often NOT considered a social science because_______________?
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A. it does not study people

B. it is not based on evidence

C. its primary concern is to record events of the past

D. historians do not use computers

3490. The double standard in the behavior of people in society is acknowledged by the existence of a(n)?
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A. overt and covert culture

B. moral and immoral culture

C. legal and illegal culture

D. ethical and unethical culture

3491. According to the differential association theory deviant acts are_________________?
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A. caused by abnormal chromosomes

B. learned through interaction with others

C. considered normal by some antisocial individuals

D. the result of social deprivation

3492. According to Daniel Bell the first technological revolution_______________?
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A. entailed the harnessing of electricity

B. involved a change in farming techniques

C. was the first of three such revolution

D. all of the above

3493. The factors influencing the political behavior of American voters include ?
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A. mass media

B. all of the above

C. social class

D. socialization

3494. Specialized socialization occurs most frequently in________________?
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A. church

B. the family

C. the peer groups

D. occupational groups or organizations
3495. The primary function of the economy as a social institution is to________________?
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A. Provide a blueprint showing people how to survive

B. none of the above

C. show people how to obtain goods and services without having to pay for them

D. convict felons in Common Pleas Cout

3496. Which of the following is an example of a culture complex ?
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A. team uniforms

B. a football

C. goal posts

D. playing football
3497. The favorable evaluation of presidents is based on______________?
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A. the teflon principle

B. the caretaker role

C. strict adherence to the written Constitution

D. dynamic political leadership
3498. Professionalization means__________________?
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A. racial polarization

B. interlocking directorates

C. excessive upward mobility

D. a combination of theoretical knowledge and training
3499. An infant,s cries for help_______________?
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A. should be ignored or the infant will be spoiled

B. signify a weakness in its development

C. are instrumental in cementing the mother-infant bonding

D. are natural in all mammals

3500. Income received by firms from sources other than households is called_________________?
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A. injections

B. incidentals

C. windfalls

D. incremental