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
3851. Humans depend on others for full development and generally live in groups They are________________?
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A. intelligent

B. symbolic

C. social

D. cultural

3852. Americans are likely to experience culture shock_______________?
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A. every time a new administration comes into office

B. when they come in contact with an unfamiliar culture

C. when they witness atrocities committed in wars

D. when they inadvertently see a pornographic movie

3853. Political parties link_____________?
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A. PACs to Congress

B. extremists to government

C. all of the above

D. heterogeneous groups to coalitions
3854. Ideologies___________________?
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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

3855. Embezzlement and fraud are two examples of_________________?
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A. organized crime

B. property crimes

C. white collar crime

D. crimes against persons

3856. What were the goals of the Constitutional Convention ?
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A. To preserve the status quo

B. To diminish the power of a strong central government

C. To insure the power of the small farmers

D. To form a government that would serve the interests of all groups in the society
3857. In the social sciences discrimination as a concept means_________________?
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A. ability to discern the direction of social relations

B. actions taken as a result of prejudicial feelings

C. having good taste in art and music

D. the physical ability to see in the dark

3858. Symbolic analysts are_______________?
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A. people employed in new enterprises

B. psychologists with advanced degrees

C. only A and B

D. employees capable of manipulating data words and visual images

3859. According to Gordon Allport much prejudice is based on________________?
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A. equality of groups

B. economic competition among different groups

C. lack of human compassion

D. plain ignorance

3860. The dominant group in a society is the one that is the_________________?
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A. most powerful

B. oldest

C. largest

D. subordinate

3861. Resources are defined as______________?
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A. everything found in the ground

B. everything needed for the production of goods and services including human energy

C. none of the above

D. everything that is made by people

3862. Which statement appears to be most correct__________________?
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A. sex roles are blurred

B. housekeeping and childcare are still considered womens work

C. gender roles have been reversed

D. in a marriage spousal role are egalitarian

3863. Which is/are the policy option(s) to counteract business cycles ?
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A. All of the above

B. Shift the demand curve

C. Do noting

D. Shift the supply curve

3864. The power elite are drawn from among the_______________?
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A. union leaders

B. middle-class urban residents

C. intellectuals

D. military and business leaders
3865. Prejudice diminishes as___________________?
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A. the economic status of minorities becomes equal to that of the majority

B. the majority becomes more oppressive

C. assimilation occurs

D. the economic status of minorities declines

3866. In contemporary market systems competition____________________?
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A. is quite strong

B. does not exist

C. is diluted by private and state monopolies

D. has been replaced by planning

3867. The main problem facing societies with a surplus is_____________________?
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A. how to keep it away from enemies

B. there is no problem it is divided equally

C. how to get rid of it

D. what to produce how produce it and for whom to produce it
3868. Firms sell their products in________________?
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A. abstract markets

B. product markets

C. resource markets

D. factor markets

3869. Stratification systems tend to________________?
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A. differentiate among people within societies

B. equalize the status of people in a society

C. create conflict between old and young

D. oppress children and the old

3870. Future generations will have to pay interest on the current debt because______________?
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A. budget deficits are funded with borrowed money

B. it takes a long time to pay off debts

C. the U.S government never borrows money from foreign governments

D. none of the above

3871. Which are the dimensions of stratification ?
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A. Family background attractiveness wealth

B. Talent service goodness

C. Caste estate feudalism

D. Class status and power
3872. When a minority group accepts the culture of the dominant group it is called_______________?
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A. acculturation

B. assimilation

C. accommodation

D. amalgamation

3873. The decision to send arms to Iran made by the National Security Council during the Reagan presidency was an example of the following type of foreign policy______________?
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A. none it was an internal matter

B. general

C. administrative

D. crisis

3874. Switzerland is an example of nation that______________?
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A. looks out for its own interests only

B. displays no self-interest

C. plans to enlarge its power over other nations

D. wishes to absorb other nations

3875. Which society lacks social classes totally ?
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A. none of the above

B. China

C. The Soviet Union

D. The United States

3876. When old rules and laws are ignored, and rebellious crowds set up new rules of behavior social scientists call this situation________________?
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A. collective behavior

B. convergence

C. coup d,etat

D. revolution
3877. By what method were the first cars ever manufactured produced ?
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A. Production-line method

B. Lean-production method

C. Assembly-line method

D. Craft method
3878. A form of treatment for severe mental disorders that has been largely abandoned is_____________?
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A. hypnotherapy

B. psychotherapy

C. psychosurgery

D. electroconvulsive shock therapy

3879. The view that inequality is based on the corrupting and divisive actions of institutions is part of the ideology of_______________?
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A. structural functionalism

B. social Darwinism

C. classical liberalism

D. classical conservatism

3880. The Democrats lost the presidential elections in 1984 and 1988 because of______________?
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A. running the wrong candidates

B. loss of direct contact with the electorate

C. split ticket voting

D. huge political gaffes

3881. The United States government includes the following traits____________?
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A. appointed representatives

B. federalism

C. unlimited power

D. a subordinate judiciary

3882. Collective behavior is_______________________?
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A. well planned

B. rather unstructured

C. based on regular norms

D. individual behavior multiplied

3883. Participants in the market system________________?
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A. try to maximize their worth

B. try to maximize their labor

C. are totally free to pursue their goals

D. are affected by prices and incomes
3884. Which of the following is a criticism of Marxist theory ?
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A. Everyone is talented equally

B. Marxism tries to explain all social problems

C. inequality is a motivating force for people to rise in the stratification system

D. Democracy delivers equality better than Marxism does

3885. It is fairly certain that male and female brains________________?
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A. distribute sensory functions differently

B. differ in size weight and capacity

C. are functionally identical

D. differ in left-right communication
3886. The school of thought that considers power to be brokered by various interest groups is called______________?
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A. absolute power

B. power elitism

C. pluralism

D. authoritarianism

3887. When cars are offered at low prices but people still do not buy them the situation is one in which______________?
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A. demand is elastic

B. there is aggregate demand

C. demand is inelastic

D. exchange takes place

3888. Total laissez-faire is impossible because________________?
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A. the market is not equitable favoring those with more resources

B. the market does not provide for satisfying public needs

C. all of the above

D. the market makes no provision for protecting smaller participants

3889. The hormone associated with male traits and aggression is_______________?
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A. progesterone

B. estrogen

C. Premarin

D. testosterone
3890. Globalism___________________?
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A. attracts young idealistic people who want to introduce a world government

B. is a movement of religious zealots who want to introduce a common religion around the world?

C. is a movement aimed at pulling African nations into a world economy?

D. refers to the fact that capitalism has become the economic system of choice around the world
3891. The feminization of poverty refers to________________?
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A. the fact that most men are rich

B. the fact that female-headed households are usually poor

C. the fact that women are more blessed than men in spite of poverty

D. an equal number of men and women being poor now

3892. Deviance that is covered by the laws of a society is called______________?
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A. anomie

B. crime

C. alienation

D. differentiation

3893. Which of the following is NOT an interest group ?
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A. Lobbyists of America

B. The Southern Christian Leadership Conference

C. The National Rifle Association

D. The American Association of Retired people

3894. A scattered collection of people who share a common interest or a concern about an issue are a (n).
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A. public

B. Crowd

C. audience

D. group

3895. The synthesis of the elitist and pluralist approaches realist democracy assumes that_____________?
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A. voters do have a choice in elite competition

B. new groups can become the new elite

C. the elites have a consensus on basic democracy

D. all of the above
3896. A modern definition of class maintains that social class is constituted by____________?
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A. people especially endowed by nature

B. categories of people set up by governments

C. the owners of the means of production

D. persons who have similar forms of power prestige or wealth
3897. The modern approach to studying social classes based on several dimensions of the stratification system is the______________?
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A. CES

B. TES

C. SES

D. BES

3898. Each society must make the following decisions of an economic nature regarding the______________?
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A. time place and quantity of production

B. assessment collection and counting of taxes

C. production distribution and consumption of goods and services

D. measurement of land water and minerals

3899. Demand and supply are________________?
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A. key economic indicators

B. causes of inflation

C. thesis and antithesis

D. market forces
3900. A modified version of elitist theory holds that_______________?
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A. the masses can on occasion influence the elite

B. all of the above

C. elites vary in their degree of openness

D. elite members identify with middle-class values