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
3951. The opposite of the rule of law is________________?
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A. the rule of reason

B. the rule of custom

C. the rule of men

D. anarchy

3952. Extraction of raw materials occurs in which sector of the economy ?
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A. Primary

B. Secondary

C. Tertiary

D. Quaternary

3953. Which status is in transition and difficult to classify in corporate relationships ?
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A. Union official

B. CEO

C. Foreman

D. Stock holder

3954. The chief function of interest group is to________________?
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A. bring into the open obscure problems to be solved

B. provide geographic representation

C. provide group representation above and beyond that provided by our elected officials in Congress

D. choose candidates for political office

3955. Which resources are scarce in every society ?
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A. Food shelter and protective coverings

B. Fertile land

C. Sufficient males to mate with all the females

D. Wheat and com

3956. Which groups are hardest hit by the death of a spouse ?
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A. Women who derived their identity from being someones wife

B. Women living in large cities those with small incomes and those who are fairly young

C. all of the above

D. The more elderly widowers

3957. Reform movements_________________?
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A. are more successful in authoritarian than in democratic societies

B. aim to change the entire society

C. substitute one ruling class for another

D. may be progressive or reactionary
3958. Exceptions to the circular flow are__________________?
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A. injections

B. incidentals

C. B and C only

D. withdrawals

3959. Specialized division of labor in industrial societies can make workers feel that they_______________?
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A. have no sense of accomplishment

B. all of the above

C. are an anonymous group

D. have lack of control

3960. The Untied States Constitution provides for the________________?
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A. principle of federalism

B. doctrine of elitist pluralism

C. doctrine of executive privilege

D. concept of polis

3961. Liberals and conservatives agree to some extent that economic goals should include________________?
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A. price stability

B. full employment

C. all of the above

D. adequate economic growth

3962. What is the basis of racist ideology ?
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A. An inaccurate interpretation and social application of Darwin,s theory of evolution

B. An invention of European colonial governments

C. Social Darwinism applied to religious beliefs

D. The New Testament

3963. The circular nature of the economic process occurs from_________________?
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A. household to firm to consumer and back again

B. firm to firm

C. government to consumer

D. firm to consumer

3964. The classical conservative approach to stratification is that____________?
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A. none of the above

B. stratification must be legislated

C. inequality results from exploitation

D. inequality is the law of nature
3965. Hard money is_________________?
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A. cash rather than checks or notes

B. money actually tendered to campaigns

C. none of the above

D. money given during the campaign

3966. The third function of the legislative branch is________________?
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A. none of the above

B. oversight

C. ensuring that jobs are provided equally

D. provide an opposition party to the administration in office

3967. Two nations with a low street -crime rate are________________?
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A. Switzerland and France

B. Honduras ans Mexico

C. Germany and Austria

D. Japan and Finland
3968. Womens rate of diagnosed depression is__________________?
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A. half that of men

B. similar in duration to that of men

C. the same as mens

D. twice as high as mens
3969. The United States government began to function in_______________?
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A. 1763

B. 1776

C. 1788

D. 1781

3970. When considering the role of morality in foreign policy analysts observe that_____________?
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A. there are no restrictions in reaching agreements with other nations

B. each nation has different standards as to what is proper behavior and values

C. none of the above

D. the different nations of the world have the same values when it comes to treaties

3971. Conflict theorists view stratification systems as______________?
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A. resulting from class struggles

B. effects of the law of nature

C. mechanisms of coercion

D. BOTH coercive and resulting from class struggles
3972. Land labor capital and entrepreneurship are called__________________?
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A. external devices

B. factors of production

C. impetus to upward mobility

D. raw materials

3973. The victims of crime tend to be_______________?
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A. B and C

B. poor

C. members of minority groups

D. members of the middle class

3974. Without stabilized prices_______________?
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A. product market demand is problematic

B. resource market demand is problematic

C. all of the above

D. the distribution of income becomes more inequitable

3975. What forces prices down ?
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A. Inelastic demand

B. Elastic demand

C. Inferior products

D. Large consumer purchasing power

3976. Women are a minority group insofar as_______________?
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A. they are residentially segregated

B. they control few resources

C. they are treated unequally and are aware of their minority status

D. all of the above

3977. The decline of unskilled factory jobs has increased black unemployment The situation is a result of______________?
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A. individual discrimination

B. personal discrimination

C. nature of life

D. structural discrimination
3978. In most societies male dominance is evident through ?
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A. the small number of legislators who are women

B. all of the above

C. the differences is pay for the same job

D. the sexual harassment situations in the military and other work places

3979. What percentage of the earths people live in high-income areas ?
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A. 3%

B. 45%

C. 15%

D. 50%

3980. For many second and third generation immigrants ethnic background is less a focus of identity than______________?
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A. race

B. social class

C. religion

D. residence

3981. Inequality has been explained as______________?
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A. all of the above

B. resulting from the struggle for goods and services in a society

C. serving the needs of society

D. being part of the law of nature

3982. Stratification occurs societies that have a____________?
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A. shortage of everything

B. surplus

C. equality

D. capitalistic system

3983. Total planned OR desired spending in the economy as a whole within a given period is called_____________?
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A. pent-up demand

B. aggregate demand

C. excess demand

D. elastic demand

3984. A pluralist in the U.S would maintain that___________________?
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A. power is in the hands of a small homogeneous class of leaders

B. power is spread through multiple centers

C. significant decisions are made by the upper classes

D. policy reflects the wishes of a few elites

3985. The numbers of PACs ?
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A. doubled since 1974

B. quadrupled since 1974

C. tripled since 1074

D. increased nearly sevenfold since 1974
3986. The intended consequences of advertising is to__________________?
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A. create demand

B. create brand awareness and direct consumption

C. increase consumption

D. All of the above
3987. Both fiscal and monetary policies focus on____________________?
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A. the supply side of the market

B. the demand side of the market

C. both sides of the market

D. the global market

3988. The political process_______________?
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A. allows those in positions of power to ignore the peoples wishes

B. none of the above

C. allows those representing minority views to try to become the majority

D. favors those representing majority views

3989. Which of the following is NOT true of minority groups ?
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A. They are subject to differential treatment

B. They are aware of a common group identity

C. They are not aware of their minority status

D. They are recognizable by their visible ascribed traits or cultural customs

3990. Which of the following groups has traditionally had the worst voting record in the United States ?
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A. College educated professionals

B. Urban and suburban residents

C. The young and underprivileged

D. White collar workers

3991. Poverty is related to_______________?
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A. lack of work ethic

B. patterns of prejudice and technological change

C. technological changes only

D. discrimination only

3992. In regard to public and political opinion_________________?
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A. public opinion is limited to few issues

B. political opinion is all opinions expressed on political issues

C. they are the same

D. political opinion deals with all matters

3993. Second- and third-generation immigrants failed to melt in the melting pot because of_______________?
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A. religion

B. skin color

C. residence stability

D. language differences

3994. Collective behavior favors social change because it_______________?
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A. alters peoples perspective

B. none of the above

C. destroys group identity

D. prevents action

3995. The market system consists of planning by__________________?
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A. tradition

B. direction

C. command

D. inducement
3996. Adequate growth of the economy refers to the goals of__________________?
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A. increasing GNP per capita

B. maintaining current standards of living in spite of increasing population

C. approximately 4% growth rate per year

D. all of the above
3997. Income received by households that is not returned to firms is called_______________?
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A. dissavings

B. withdrawals

C. incremental

D. injections

3998. Effective social movement leadership requires_______________?
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A. all of the above

B. marketing skills

C. procedures for succession

D. taking tactical advantage of trends and opportunities

3999. Psychosomatic illness entails____________?
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A. all of the above

B. purely imaginary physical problems

C. bodily ailments creating mental disorder

D. anxiety or emotional tension producing physical symptoms
4000. Federal legislation has sometimes been prompted by_____________________?
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A. inefficiency and sluggishness of state administrations

B. outright opposition by state governments to federal law

C. all of the above

D. a general lack of financial resources and professional expertise at the state level