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
3701. In an open or class society_________________?
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A. status is always achieved

B. status is always ascribed

C. status is both achieved and ascribed

D. status has no importance

3702. The largest of the world regions containing 44 countries is_____________?
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A. Europe

B. Asia

C. North America

D. Sub-Saharan Africa
3703. In one sense of the term everyone is ethnocentric This is because______________?
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A. people are afraid and distrustful of strangers

B. it is virtually impossible not to view people and situations in terms of some of the norms and categories derived from one,s own cultural experiences

C. it is impossible to understand another culture or subculture without having been raised in it

D. people are intolerant by nature

3704. Which is NOT an aim of the process of socialization ?
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A. To teach infants to sit stand walk and run in that order

B. To transmit skills important in the society

C. To teach infants the fundamentals of life in society

D. To instill societal aspirations

3705. Telling a child You should always say thank you when someone gives you something is an example of____________?
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A. subconscious socialization

B. conscious socialization

C. unconscious socialization

D. conscience socialization

3706. Labeling theory has been criticized because_________________?
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A. it discounts the power of anomie

B. it is necessary to be realistic about peoples behavior

C. an undiscovered teller who steals from his bank is still a deviant

D. it does not take biology into consideration

3707. What is one difference between Freuds developmental stages and Eriksons ?
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A. Freud saw conflicts with parents as predominant

B. Freud stopped at adolescence

C. Freud only worked with males

D. Freud thought all conflicts were conscious

3708. Socialization involves the use of which process to turn a horde of barbarians into productive human beings ?
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A. reinforcement

B. trial and error

C. symbolic and physical interaction

D. prohibition

3709. Faulty role performance ?
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A. all of the above

B. sometimes occurs by chance

C. may create much stress

D. could mean that another role is being performed well

3710. Violation of a folkway is considered ?
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A. a violation striking to the very heart of society

B. a legally punishable offense

C. an incident of no consequence whatsoever

D. a slight to one,s group but not a punishable offense
3711. The price system_______________?
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A. allows wealthy consumers to obtain more products

B. is equitable

C. only B and C

D. rations products among consumers

3712. The study of human group behavior is the definition of________________?
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A. none of the above

B. psychology

C. sociology

D. geology

3713. A reference group is a(n) ?
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A. hierarchical system in an organization

B. formal or informal organization to which one belongs

C. group of which one is member without having asked to be

D. group to which an individual aspires to belong

3714. The social sciences were initially concerned with the consequences of_______________?
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A. the Industrial Revolution

B. the Russian Revolution

C. the French Revolution

D. the American Revolution

3715. To some degree according to some research heredity determines_____________?
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A. all of the above

B. the ability to control impulses

C. sociability

D. leadership abilities

3716. A persons family in addition to being a primary group is also a______________?
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A. voluntary group

B. Gesellschaft

C. membership

D. reference group

3717. Formal organizations have_______________?
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A. no ranking of their members

B. no people in them

C. little durability

D. clearly stated goals and policies
3718. Open stratification systems are associated with__________________?
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A. industrialization

B. pastoralism

C. hunter-gatherers

D. agriculture

3719. According to Freud the crucial institution for the development of personality is______________?
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A. religion

B. the family

C. education

D. the economy

3720. 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. the Pigou effects

D. restraint of trade

3721. Deviance is defined______________?
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A. in the context of time and place

B. as another world for crime

C. in the same way everywhere

D. in some cultures, as nonexistent

3722. Anger is_______________?
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A. an innate human response to deprivation and frustration

B. all of the above

C. a definite sharply defined emotion

D. subject to manipulation

3723. The most advanced form of regional cooperation is exhibited by______________?
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A. The Pacific Rim

B. Africa

C. Europe

D. The Middle East

3724. Engineers lawyers investment bankers top CEOs entertainers and so on are described as_____________?
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A. generation x-ers

B. baby boomers

C. symbolic analysts

D. nouveau riches

3725. The mass media especially TV have been_______________?
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A. providing realistic view of the world

B. none of the above

C. definitely proven to increase the crime rate

D. definitely proven to improve school learning

3726. Statuses are based on______________?
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A. division of labor

B. gender

C. all of the above

D. age

3727. Income distribution according to productive contribution is____________?
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A. efficient and equitable

B. efficient but inequitable

C. a tenet of communism

D. inefficient but equitable

3728. Role conflicts tend to occur______________?
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A. over scarce resources

B. because we must fulfill several demanding roles simultaneously

C. all of the above

D. within aggregates

3729. An example of a temporary subculture would be_______________?
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A. the MTV generation

B. vegetarians

C. monks in a convent

D. players of chess

3730. People who are important in shaping your self-concept and whose approval you wish to have are_____________?
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A. the l and the me

B. significant others

C. the ego and the superego

D. generalized others

3731. Social organization________________?
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A. is sometimes used interchangeably with social structure

B. is a fixed set of rules?

C. may be analyzed at the microsocial and the macrosocial levels

D. is microsocial macrosocial and interchangeable with social structure
3732. If the GNP increases by 8% and prices increase by 3% the actual growth rate is_______________?
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A. 3%

B. 8%

C. 5%

D. 11%

3733. Political science stresses the study of_______________?
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A. power

B. all of the above

C. government

D. state

3734. The study and comparative analysis of preliterate societies is one of the chief concerns of______________?
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A. psychology

B. history

C. sociology

D. anthropology
3735. Social life is organized and structured through____________?
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A. group situations and the positions of individuals

B. all of the above

C. rules and regulations

D. patterns of actions

3736. The five pivotal institutions are__________________?
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A. the economy government religion family and education

B. the military religion government family and education

C. the economy medicine family religion and education

D. the family the economy government the military and education

3737. Studying the interaction between government and the economy would occur on a______________?
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A. secondhand level

B. microsocial level

C. macroscopic level

D. macrosocial level

3738. The economic participant who decides how to use the factors of production and for what purpose in called a________________?
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A. product

B. market

C. household

D. firm
3739. A person who is suddenly set down on a commune in rural China would most likely undergo ?
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A. a severe anxiety attacks

B. change to conform to the Chinese modal personality

C. the process of the Lookingglass

D. the process of resocialization
3740. Participant observation_________________?
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A. is exclusively used by anthropologists

B. involves experimental controls

C. requires the researcher to disguise his or her identity

D. may compromise the objectivity of the researcher
3741. An ideology is______________?
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A. a set of ideas values and attitudes

B. always based on religion

C. a testable theory

D. none of the above

3742. Capitalisms roots can be found in_________________?
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A. dialectic materialism

B. feudal agriculture

C. machine-based production

D. Christianity

3743. Intuition authority tradition and common sense ?
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A. have been totally replaced the scientific method

B. are all equally valid tools of inquiry

C. are just as exact as the scientific method

D. are still used as tools of inquiry
3744. The first step in the scientific method is____________?
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A. selection of area to be researched

B. observation and recording of data

C. classification and organization of data

D. obtaining a government grant

3745. Martin Luther king,s status was based on his_____________?
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A. social influence

B. property

C. wealth

D. color

3746. The Sapir-Whorf hypothesis ?
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A. emphasizes the difficulty of understanding another culture as its participants understand it

B. all of the above

C. may well be unintelligible as translated in some languages

D. is the product of a distinct world view?

3747. When the lk of Uganda lost their traditional hunting grounds they ?
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A. rapidly became shepherds

B. became savage warriors

C. their formerly outgoing personalities changed

D. became outgoing accomplished entrepreneurs

3748. According to the differential association theory deviant acts are_________________?
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A. the result of social deprivation

B. considered normal by some antisocial individuals

C. caused by abnormal chromosomes

D. learned through interaction with others
3749. The succession of stages in Jean Piaget,s model of cognitive development is_______________?
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A. infancy childhood adolescence and adulthood

B. sensimotor pre-operational intuitive operational and concrete operational

C. sensorimotor intuitive operational concrete operational and formal operational

D. early childhood plays concrete operational and formal operational

3750. The type of foreign policy decisions made by the governmental bureaucracy fall into the category of_______________?
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A. constructive foreign policy

B. legislative decisions

C. crisis decisions

D. administrative foreign policy