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
3901. Criticisms of structural functionalism include_______________?
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A. all of the above

B. sons of talented persons are privileged even if they themselves lack talent

C. who says that a football player is more important than a college professor?

D. is a stable society better than an unequal society?

3902. Craftsmen foremen secretarys office workers belong to the________________?
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A. middle-middle class

B. new class

C. working class

D. upper-middle class

3903. People who suffer from status inconsistency__________________?
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A. tend to suffer more frustration and dissatisfaction than those whose status is consistent

B. usually do not worry about it

C. willingly accept a lower status in return for social recognition

D. work hard to accumulate wealth to make up for it

3904. Royal Dutch Shell Oil Co has branches in Holland Britain the United States and France This kind of corporation is called__________________?
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A. monopolistic

B. closed

C. multinational

D. restricted

3905. How are presidential programs funded ?
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A. By government investments

B. By Congress

C. By withdrawals from the Treasury Department

D. By foreign nations

3906. In recent years there was an awakening of ethnic identity among the following groups__________________?
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A. all of the above

B. Native Americans

C. African Americans

D. Hispanics

3907. The greatest problem with capital punishment is that________________?
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A. sometimes an innocent person is put to death

B. it is a cruel way to end someones life

C. many witnesses lie

D. only God has the right to kill

3908. Members of the New Class occupy which of the following occupations_________________?
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A. MBAs staring their own firms

B. Out of work middle managers

C. journalists academics media commentators

D. Computer programmers

3909. Approximately how many people inhabit the earth ?
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A. 6 billion

B. 1.2 billion

C. 12 billion

D. 50 billion

3910. Social movements never_________________?
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A. develop into political parties

B. gain control of governments

C. are voluntary associations

D. none of the above
3911. Maintaining full employment stabilizing the economy and pursuing economic growth are issues analyzed in the context of_______________?
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A. microeconomics

B. hyper economics

C. super economics

D. microeconomics

3912. Which is NOT a type of social differentiation ?
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A. Ethnicity and race

B. Stratification

C. Head shape and eye color

D. Sex and age

3913. The Federal Reserve Bank regulates the money supply by__________________?
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A. buying and selling government securities

B. establishing minimum reserve requirements of member banks

C. all of the above

D. the discount rate it charges member banks

3914. Armenia Georgia and Azerbaijan are_____________________?
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A. Slavic nations

B. African nations

C. Baltic nations

D. Asian nations
3915. When a business has multiple absentee owners with limited liability it is a_____________?
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A. corporation

B. partnership

C. proprietorship

D. trust

3916. When the supply and demand curves intersect the final lasting price is achieved This is called_____________?
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A. a buyers market

B. equilibrium price

C. pressure price

D. clearance price

3917. In stratified societies categories of people are ranked by________________?
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A. none of the above

B. hunting lacks prestige

C. food is shared by all

D. food is hoarded by a few

3918. Among the causes of violence the most probable is/are___________________?
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A. a street ethic that requires young men to commit murder to prove their manhood

B. poverty drugs and hopelessness

C. violence presented as entertainment by the media

D. a shocking decline in moral standards

3919. A corporation________________?
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A. all of the above

B. has the advantage of being able to accumulate vast amounts of capital in a short period of time

C. can afford to pay for the latest research and technology

D. is a public institution

3920. The federal system has worked particularly well in_________________?
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A. large sized countries with regional differences

B. small homogeneous countries

C. small urban industrial countries

D. large homogeneous single religion countries

3921. In most societies ownership of property takes one of three forms________________?
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A. ambiguous hermetic contraceptive

B. communal private public

C. esthetic visible tangible

D. restricted guarded and private

3922. One of the side effects of advertising is that it________________?
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A. helps the wealthy get richer

B. creates artificial demands

C. supplies the real needs of people

D. none of the above

3923. Membership in specific racial ethnic and religious groupings is________________?
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A. a biological rather than a social product

B. a variable of the stratification system

C. characteristic only of industrial societies

D. the cross every individual must bear

3924. In C.Wright Mill,s view what group constitutes an elite ?
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A. The military-industrial-governmental complex

B. The corporate rich only

C. High ranking military officers only

D. Church leaders and educators

3925. Crowds may engage in unpredictable behavior because_______________?
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A. they are temporary

B. individuals can remain anonymous

C. individuals are unpredictable

D. BOTH they are temporary, and individuals are anonymous
3926. The female role as a passive and domestic creature may be conditioned by_______________?
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A. stress on male sports in school

B. TV ads showing women as domestics

C. childrens picture books

D. all of the above
3927. Land labor capital and entrepreneurship ?
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A. must be used separately to produce goods and service

B. must be combined in the production of goods and service

C. have no function in the production of goods and service

D. create a balance between humans and their environment

3928. In order to raise the GNP and the GDP per capita one must____________?
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A. decrease productivity

B. increase productivity

C. increase absenteeism

D. earn more money

3929. Statistics that allow researchers to generalize to a population from a sample are called______________?
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A. descriptive

B. inferential

C. longitudinal

D. correlational

3930. If a janitor got a job as a security guard because it was closer to home he would be experiencing_______________?
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A. horizontal mobility

B. inter structural mobility

C. intragenerational mobility

D. vertical mobility

3931. Japans lean production method is modeled on a system worked out at_______________?
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A. Mitsubishi Motors

B. Nissan Motors

C. Mazda Motors

D. Toyota Motors
3932. The instrumental role was traditionally assigned to______________?
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A. the old

B. children

C. males

D. females

3933. Unions face WHICH of the following problems ?
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A. Loss of membership

B. Expansion of the manufacturing sector

C. Antitrust laws

D. Increasing white-collar membership

3934. Which is characteristic of a strictly closed society ?
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A. Class

B. Strata

C. Estate

D. Caste
3935. The three most important nations in Asia are_______________?
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A. Hong Kong Macao Bali

B. Taiwan Indonesia Tibet

C. Japan India China

D. Singapore South Korea and Malaysia

3936. The classic textbook model of democracy is referred to as the__________________?
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A. referendum model

B. Lockean model

C. Madisonian model

D. majoritarian model
3937. What were guilds ?
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A. Organizations dating back to the 10th century

B. Only b and c

C. Kinds of labor unions

D. A type of money used in the Middle Ages

3938. Primary deviance______________?
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A. is the first deviant act ever discovered

B. is deviance of which we are all guilty at one time or another

C. is a more serious offense than secondary deviance

D. occurs when deviants accept the label

3939. Which of the following statements is true ?
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A. none of the above

B. Most of the health problems associated with growing old pose serious problems by the age of 65

C. A majority of the elderly live in nursing homes

D. Young workers perform far better than elderly workers which is why employers prefer tham

3940. Which is true ?
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A. Downsizing has created a new style of employment

B. Blue-collar workers have suffered layoffs

C. All of the above are true

D. Productivity has increased in the decade of the 1990

3941. Women first assumed subordinate roles when they_________________?
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A. assumed primary child-care responsibilities

B. stayed home when men hunted

C. left home to gather food

D. ceased to gather the majority of the food supply
3942. Social scientists are interested in collective behavior because it is________________?
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A. often the basis of important social change

B. not tied to social factors

C. so predictable

D. reflective of purely animal behavior

3943. Violent crowd behavior______________?
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A. always goes against the wishes of individual members

B. is usually temporary

C. is generally random

D. has no limits in its antisocial nature?

3944. Present theories of stratification__________________?
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A. offer ways to end inequality

B. answer the of what causes inequality

C. agree that inequality is an evil

D. offer two different ways of looking at inequality
3945. What is meant by the public sector ?
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A. Economic activities open to the public

B. Economic activities in which self-interest makes for personal affluence

C. The goals of the society

D. Economic activities in which the government engages for the public good
3946. CEO stands for_______________?
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A. chief executive officer

B. Caribbean Entrepreneurs Office

C. clear everybody out

D. capital employment outlay

3947. The purpose of the Monroe Doctrine was_______________?
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A. to let the world, know who the superpower is

B. to warn the Japanese to steer clear of the Caribbean in exchange for U.S non-intervention in Afghanistan

C. to warn European powers to keep away from the Western Hemisphere in return for U.S nonintervention in Europe

D. to conquer the Soviet regime and attach Siberia to the United States

3948. What function do politicians serve according to pluralists ?
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A. Front men

B. Statesmen

C. Shills or decoys

D. Power and interest brokers
3949. Life expectancy is____________________?
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A. about the same across social classes

B. lower for the lower classes

C. lower for the upper-middle class

D. lower for the middle class

3950. Ethnic groups are based on_________________?
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A. skin color

B. common customs and /or identities

C. eye shape

D. genes