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
3551. 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

3552. Which of the following would fit Charles Horton Cooleys classification of a primary group ?
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A. A married couple

B. A sales clerk and a customer

C. Redheads

D. Tourists visiting a resort

3553. The democratic state is based on the social contract theories of Locke and Rousseau These theories maintain that ?
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A. the people allow themselves to be governed for their own good

B. people must obey the rulers at all times

C. the rulers govern at the direction of God

D. a society cannot exist without authoritarian rulers

3554. The treatment of mental illness based on rewards and punishment is referred to as_____________?
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A. hypnotherapy

B. chemotherapy

C. behavior therapy

D. shock therapy

3555. Once a social scientist has formulated the hypothesis what is the next step of the scientific method ?
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A. Replication

B. Generalization

C. Developing a research design

D. Data analysis

3556. Psychodynamic approaches to personality are so named because _____________?
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A. all of the above

B. they emphasize sexual dysfunction

C. they are based on a sophisticated definition of instinct

D. they stress the irrational

3557. The marginal productivity of labor_________________?
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A. concerns wage rates and labor supply

B. all of the above

C. is a political as well as economic issue

D. is complicated by overlapping labor markets

3558. A predisposition toward certain points of view is called_______________?
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A. attitude

B. conviction

C. opinion

D. action

3559. The situation in the Middle East is an example of________________?
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A. competition

B. conflict

C. cooperation

D. all of the above

3560. A case study is most useful when ____________?
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A. facts must be established

B. limited research funds are available

C. no hypothesis can be formulated

D. events under consideration are rare

3561. Humanity is__________________?
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A. all of the above

B. a category

C. a group

D. an aggregate

3562. Master status refers to________________?
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A. the position from which all other positions are derived

B. the attainment of recognized excellence

C. the most widely recognized among several positions

D. a dominant position in a relationship

3563. The invisible hand refers to_______________?
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A. the belief God exhibited by the Puritans

B. a belief in ghosts prevalent in the early Middle Ages

C. the fact that prayer results in help

D. a feature of Adam Smith,s Wealth of Nations
3564. Congressional representation is based on______________?
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A. single member constituency system

B. proportional representation

C. parliamentary system

D. BOTH single-member constituency and proportional representation
3565. The largest group to Which a person belongs is______________?
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A. primary

B. family

C. society

D. triad

3566. Public policy according to elitists tends to reflect______________?
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A. the values of the elites

B. the ideals of the society

C. the demands of the masses

D. the compromises necessary to temper ideals with reality

3567. The unique two-party system in the United States is based on______________?
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A. broad agreement on basic principles

B. proportional representation

C. extremist ideologies

D. the need to have religious representation in government

3568. Industrial Revolution__________________?
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A. eliminated social classes

B. none of the above

C. created a class of industrial workers

D. made all social classes equal

3569. One of the most powerful committees in the House of Representatives is the_____________?
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A. Farm Affairs Committee

B. Foreign Affairs Committee

C. Forest Preservation Committee

D. Rules Committee
3570. Consumer sovereignty means that________________?
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A. consumers create demand

B. all of the above

C. production depends on supply and demand

D. producers supply what is demanded

3571. When gathering data, the scientist is required to exhibit all BUT which one of the following traits ?
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A. Courage

B. Ethical neutrality

C. Social involvement

D. Patience

3572. Pivotal institutions_________________?
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A. all of the above

B. differ in traits and culture complexes from society to society

C. include government the economy education the family and religion

D. arise from fundamental human needs

3573. In Eriksons system each of the stages present the individual with________________?
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A. all of the above

B. opportunities for self-transcendence

C. crises of self-definition

D. ethical dilemmas

3574. Recent studies related to daycare centers indicate that_____________?
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A. children are generally emotionally impaired by them

B. they are a breeding ground of child abuse

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

D. children lose intellectual progress

3575. Psychology deals with_________________?
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A. groups of people in interaction

B. mental states of individual humans

C. only normal behavior

D. only violent behavior

E. None of these

3576. Which of the following is NOT a predominant goal of American society ?
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A. none of the above are dominant goals

B. a desirable mix of windfall profits

C. a leisure-based society

D. spectacular growth

3577. In a confederacy________________?
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A. there is no national government whatsoever

B. all political power ultimately belongs to the states

C. power is centralized in a national government

D. powers not claimed by individual states are reserved by the national government

3578. A culture complex is_______________?
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A. one cultural trait

B. a psychological condition

C. a cluster of traits centered around a common activity

D. a theater symphony hall and museum

3579. Burning your neighbors house down is considered a serious offense It is a violation of_____________?
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A. table manners

B. folkways

C. taboos

D. mores
3580. The concept of human inequality ?
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A. is incorporated in the ideology of democracy

B. is tolerated by religious ideologies

C. has been borrowed from the natural sciences

D. underlies fascism
3581. According to Mead the generalized other is_______________?
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A. societal norms

B. analytic internalization

C. ones mother

D. shame

3582. Inflation results when_________________?
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A. consumers have no purchasing power

B. demand exceeds supply

C. there is control of purchasing power

D. supply exceed demand

3583. Which of the following is likely to be an involuntary group? The____________?
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A. Ku Klux Klan

B. Boston Bruins

C. campaign staff working for presidential candidate

D. the Smith family
3584. When a new nation is formed ?
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A. all of these

B. people must acknowledge a common history and a sense of a common future

C. a we are feeling must emerge among people

D. older tribal loyalties must be abandoned

3585. Which of the following is NOT true of primary relations ?
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A. all of the above

B. they are always harmonious

C. the family is the only source of primary relation

D. they cannot exist in secondary groups

3586. Which is false of reference groups? They_________?
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A. provide standards against which we measure ourselves

B. are important during socialization

C. are groups to which we belong from birth on

D. affect our values goals attitudes and behavior

3587. A formal structure of an organizations is its_______________?
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A. bylaws and body of officers

B. leadership structure

C. appearance to its general public

D. full-time employees

3588. What kind of a system is the economic institution ?
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A. Typically, American

B. Religious and educational

C. Cultural and social

D. Semantic and semitic

3589. The struggle of women and ethnic minorities to change certain discriminatory practices concerns ?
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A. master statuses

B. ascribed statuses

C. role strain

D. role conflict

3590. The American democratic system is based on________________?
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A. protection of minority rights

B. all of the above

C. representation of the majority

D. the dignity of the individual

3591. In theory communism calls for______________?
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A. the creation of a new ruling class

B. abolition of private property

C. military expansionism

D. intense nationalism

3592. Social control through the enforcement of norms works because ?
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A. people need to be manipulated

B. independent though and action are too hard

C. everyone fears pain and embarrassment

D. individuals are anxious to be accepted
3593. Head hunting is wrong This statement is made from the point of view of______________?
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A. ethnic uniformity

B. cultural pride

C. ethnocentrism

D. cultural relativity

3594. Freudian psychoanalytic theory emphasizes the importance of the______________?
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A. conscious level of personality

B. empirical level of personality

C. the absence of the unconscious level

D. unconscious level of personality
3595. Cultural relativity ideally implies ?
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A. everyones crazy except you and me (and Im not sure about you)

B. tolerance and respect for the cultural values of others

C. mindless acceptance of all cultural values of others

D. that moral values different from one, s own are all wrong

3596. Descriptive statistics_______________?
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A. allow researchers to test hypotheses

B. convey information about atypical behavior

C. permit researchers to generalize from samples

D. convey information about central tendency
3597. Deviance______________?
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A. helps group cohesiveness

B. shows what is proper behavior

C. all of the above

D. promotes social change

3598. Communism has a history of attracting Third World nations because of the fact that_____________?
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A. the ideology is static

B. it has not led to dictatorship

C. it promises to give more power to the masses

D. the ideology changes to suit conditions

3599. Political scientists Dye and Zeigler maintain that____________?
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A. elite groups have maximum control over decisions that affect the majority of people

B. the elite works against the public good

C. the elite may be influenced by the masses but it is more likely that it influences the masses

D. the elite constitutes a monolithic ruling class

3600. Mead,sI ?
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A. corresponds to Freud,sego

B. emerged before the me

C. eventually completely merges with the me

D. all of the above