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
4001. Rates of poverty tend to be highest among_______________?
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A. children

B. all of the above

C. minorities

D. Female headed households

4002. Which is NOT a characteristic of crowd behavior ?
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A. Temporary

B. Development of a common mood

C. Behavior according ti previously established norms

D. Individuals totally shed their identity
4003. Max Weber,s notion of life chances closely resembles the concept of________________?
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A. personal power

B. social power

C. social status

D. occupational prestige

4004. Global inequality is evident in_______________?
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A. the items rich countries throw out

B. the size of families

C. per capita

D. all of the above
4005. In the American political system_____________?
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A. real equality for everyone is a fact

B. everyone participates in the political process

C. there is no ruling elite

D. members of Congress and their constituents generally do not know much about what the other thinks
4006. The most recent social movements________________?
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A. are community and locality based?

B. attract the underclass rather than the working class

C. none of the above

D. focus more on economic issues

4007. Which economic orientations govern Western industrial societies ?
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A. Tradition

B. Command

C. Free Market

D. BOTH market and command
4008. Need and demand________________?
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A. are unrelated concepts

B. are closely related to supply

C. are closely related to price

D. amount to the same thing

4009. Which of the following statements is correct ?
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A. If the current account is in deficit then the capital account must also be in deficit

B. The overall sum of all the entries in the balance of payments must be positive

C. If the current accounts is in surplus then the capital account must also be in surplus

D. The overall sum of all entries in the balance of payments must be zero
4010. The foremost advantage of a corporation is its_____________?
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A. capacity for protracted periods of employment

B. ability to profit from the labor of its employees

C. necessity to exhibit the latest technology

D. ability to accumulate vast amounts of capital in a short time
4011. There is no conclusive evidence that differences in the behavior of the two genders are due to______________?
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A. chromosomal differences

B. hormonal differences

C. anatomical differences

D. all of the above
4012. Which is NOT Third World nation ?
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A. Burkina Faso

B. China

C. Zimbabwe

D. Ethiopia

4013. Public opinion is associated with_______________?
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A. face-to-face-communication

B. emergent norms

C. mass society

D. primary groups

4014. The Great Depression_________________?
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A. only B and C

B. was the worst case of massive unemployment

C. resulted from the greed of the robber barons

D. resulted from insufficient demand

4015. The rationalization for having capital punishment is that_______________?
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A. it prevents capital crime

B. it acts as a deterrent

C. societies need to threaten prospective criminals

D. it protects the Biblical commandment against killing

4016. Censorship______________?
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A. is the same as propaganda

B. gives a one-sided interpretation of an issue

C. deletes all or parts of information

D. is the opposite of propaganda?

4017. The difference between racial minorities and ethnic minorities is_______________?
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A. racial minorities have been here longer than ethnic minorities

B. in the size of each group

C. ethnic minorities do not suffer from discrimination but only from prejudice

D. racial minorities differ biologically ethnic minorities differ culturally from the dominant group
4018. With the shift from family capitalism to industrial capitalism the important unit became the_______________?
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A. commune

B. union

C. government

D. corporation
4019. Deviance that has been exposed leads to______________?
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A. labeling

B. forgiveness

C. transmission

D. anomie

4020. When confronted with evidence contrary to their beliefs prejudiced persons will______________?
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A. refuse to change the original judgment in spite of evidence to the contrary

B. change their judgment to conform to new evidence

C. suspend judgment until more evidence is found

D. apologize to the victim of their prejudice

4021. Males are conceived with which of the following chromosome configurations ?
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A. XX

B. XXX

C. YYY

D. XY
4022. Some of the restrictions as work in a market include________________?
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A. prices of goods and services

B. prices of resources for firms

C. all of the above

D. income for labor
4023. According to Blau and Duncan occupational upward mobility is greatly influenced by______________?
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A. all of the above

B. occupation of the father

C. the nature of the first job

D. the amount of education

4024. Some of the advantages of a market economy include ?
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A. all of the above

B. all participants get some satisfaction

C. economic output is distributed to those who can pay the price

D. scarce resources are put into goods that are in demand

4025. A problem with laissez-faire economic policy is that there is___________________?
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A. no provision for public goods

B. no flexibility

C. no profit motives

D. responsiveness to demand

4026. Collective behavior is often precipitated by__________________?
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A. fear of the future

B. deviant behavior

C. rapid social change

D. anomaly

4027. In a developing nation people start to obtain good jobs Then inflation cuts their income the people begin to feel_________________?
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A. a failure of rising expectations

B. euphoria

C. depression

D. relative deprivation

4028. Enacting legislation__________________?
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A. all of the above

B. involves negotiation and compromise

C. is a slow and painful process

D. sometimes pits the executive branch against the interests of the members of states and districts

4029. The term constitutional is reserved to describe________________?
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A. a government that operates in accordance with general rules and limitations

B. a government that is no subject to restraints on political power

C. an agreement or treaty in written form

D. a government that acts arbitrarily

4030. Terrorist groups differ from liberation organizations in that_______________?
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A. they do not organize the masses on a large scale

B. only terrorists take credit for bombing museums

C. they tend to hide in rural areas

D. their leaders are well known

4031. Which is NOT a form of collective behavior ?
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A. Panic

B. Rumors

C. Dining out with a friend

D. Fashions

4032. Scientists agree that________________?
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A. there are fifty two races

B. there are three races

C. all of humankind is descended from the same common stock

D. there are no races

4033. The result of executive officers sitting on several corporate boards is________________?
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A. trusts

B. interlocking directorates

C. oligopolies

D. restraint of trade

4034. The largest number of Latinos come form_______________?
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A. Spain

B. Puerto Rico

C. Mexico

D. Latin American

4035. Negative life chances correspond to__________________?
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A. lack of desire for an education

B. a low position in the stratification system

C. lack of talent

D. a high position in the stratification system

4036. The trend toward early retirement seems to be______________?
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A. none of the above

B. irreversible

C. a reasonable response to the declining intellectual performance that occurs after age 55

D. the inevitable outcome of modernization

4037. The categories used by researchers to pigeonhole people into social classes__________________?
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A. adequately reflect the complexity of the American class system

B. reflect the common -sense self-ratings of individuals

C. tend to be arbitrary and artificial

D. indicate that there are two classes the working class and the middle class

4038. The loss of entire categories of jobs without the creation of new occupations would be_______________?
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A. status ambiguity

B. horizontal mobility

C. intragenerational mobility

D. structural mobility of a negative sort
4039. Surveys of American voters reveal_______________?
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A. a general support of the government

B. full support of democratic principles

C. a general cynicism about government

D. the majority of people and political leaders are equally committed to democratic values

4040. The most likely factor to overcome the low status of a fathers occupation is______________?
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A. hard work

B. belonging to organized crime

C. religion

D. education
4041. Discriminatory behavior prompted by the knowledge that prejudice exists on a society wide level is called______________?
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A. attitudinal discrimination

B. cultural discrimination

C. institutional discrimination

D. personal discrimination

4042. Stressing the desirability of retaining each group,s cultural distinctiveness is part of the ideology of______________?
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A. Anglo-conformity

B. cultural pluralism

C. ethnicity

D. melting pot

4043. Admiration of power and intolerance of differences is linked to a_________________?
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A. Democratic personality

B. unprejudiced personality

C. authoritarian personality

D. totalitarian personality

4044. Male dominance is expressed_____________________?
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A. for the lack of wage parity

B. all of the above

C. by the frequent instances of sexual harassment on the job

D. in spite of ours being an egalitarian society

4045. The shift toward tertiary sector jobs has_______________?
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A. reduced the need for unskilled or semi-skilled workers

B. established a general trend toward the professionalization of everyone

C. All of these

D. eliminated hardcore unemployment

4046. Interest groups may be defined as__________________?
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A. wealthy and civicminded people with excessive leisure time.

B. groups of people interested in specific legislation

C. groups of people who want to enter politics

D. coalitions of individuals with similar attitudes and interests who attempt to influence public policy
4047. By advocating the acquisition of more androgynous roles by both men and women what is meant is that________________?
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A. bisexuality should be the norm

B. we should adopt passive roles

C. we should combine male and female sex-typed traits

D. we should adopt blurred ill-defined roles

4048. The inordinate growth of government is a side effect of________________?
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A. the increasing poverty of individual states

B. government intervention in the economy

C. the political apathy of public

D. the willingness of individuals to give up traditional freedoms

4049. Where one stands in the social hierarchy is intimately related to________________?
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A. how long one lives

B. only B and C

C. how much stress one experiences

D. how one performs one,s job

4050. The transitional period between the dominance of one party or another is called_______________?
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A. realignment

B. derailment

C. alignment

D. dealignment