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
4101. Supply-side theories claim that__________________?
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A. a decline in aggregate supply is responsible for economic downturns

B. none of the above

C. business cycles are caused by insufficient supply

D. an increase in aggregate supply causes output and employment to decline

4102. The Department of Health and Human Services has summarized the correct mix of goods and services through ?
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A. the externalities index

B. 165 social indicators

C. the consumer price index

D. market basket of goods

4103. Racism is based on the belief (s) that_________________?
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A. the dominant majority is the fittest from a Darwinian point of view

B. groups inherit certain traits that are inferior

C. all of the above

D. minority groups should not have access to wealth and power

4104. Social scientists________________?
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A. provide criteria for choosing a valid religion

B. have no interest in the content of religious doctrines

C. neither accept nor reject claims of divine revelation

D. all of the above

4105. The conflict theory of inequality is based on the work of______________?
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A. Charles Darwin

B. Talcott Parsons

C. Kingsley Davis

D. Karl Marx
4106. The SMSA is based on____________________?
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A. a town smaller than 2500 residents

B. one or more counties containing at least one city of 50,000 residents or two cities totaling 50,000

C. a town of 10,000 and surrounding counties

D. a city of at least 100,000 residents and its suburbs

4107. The most numerous forms of business ownership in the United States is the________________?
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A. subchapter S corporation

B. partnership

C. sole survivorship

D. sole proprietorship
4108. Which component of culture is central to human life______________?
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A. The habitual

B. interdependence

C. The normative

D. The industrial

4109. Today physicians the clergy and lawyers have difficulty dealing with test tube babies and surrogate motherhood We could say that they are grappling with_________________?
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A. cultural advancement

B. cultural change

C. cultural conflict

D. cultural lag

4110. The difference between an average workers salary and that of the average CEO has_______________?
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A. gradually narrowed

B. remained stable

C. slightly increased

D. greatly increased
4111. What percentage of American business revenues do corporation represent ?
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A. 70%

B. 60%

C. 70%

D. 80%

4112. The text primarily applied Weber,s notion of status to______________?
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A. prestige derived from ancestry

B. spending and consumption patterns

C. ranked occupational positions

D. positions in the social system

4113. The view that nationalism would wither away was held by_________________?
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A. stoic philosophers like Marcus Aurelius

B. Marxists

C. classical liberals

D. all of the above

4114. Overpopulation can result in________________?
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A. environmental damage

B. higher literacy

C. increased public services

D. price stability

4115. Pluralist societies depend upon one of the following for their existence_______________?
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A. conquest

B. coexistence

C. immigration

D. colonization

4116. The first technological revolution________________?
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A. took place in 1750

B. turned people from food gatherers to food producers

C. began with the invention of the steam engine

D. occurred in England

4117. Lean production________________?
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A. combines the best features of craft and mass production

B. All of the above

C. pushes responsibility down the organizational ladder

D. has as its goal perfection

4118. American military policy has been built on___________________?
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A. trust in U.S allies

B. very large number of troops

C. assured destruction capability

D. a spirit of peace in the world

4119. The most important of government is to__________________?
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A. implement political control

B. regulate human life in society

C. exercise total control

D. provide social welfare

4120. Which statement is FALSE ?
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A. Stratification occurs in every society that has produced a surplus

B. Slavery serfdom and caste are all instances of inequalities that are social in nature

C. People rank themselves according to wealth prestige and power

D. In simple societies social differences among individuals are nonexistent
4121. Most American cities have_________________?
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A. continual building of new industries

B. a reduced tax base

C. many high income taxpayers

D. large shopping malls

4122. The mechanisms of upward mobility of minorities did NOT include?
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A. geographic concentration

B. a social caste system

C. development of a middle class

D. internal economic development and specialization

4123. The relationship between population and income is___________________?
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A. working women have more children

B. the birth rate rises because of an increase in education

C. an increase in income produces a decline in fertility

D. the rise in income and population results in a decrease of urbanization

4124. The teen pregnancy rate_________________?
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A. began to decline in 1997

B. only A and B

C. has declined principally for non-Hispanic black teens

D. is highest among Asian teens

4125. Modernization means that a society becomes________________?
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A. affluent

B. industrial

C. democratic

D. agricultural

4126. It is correct to say that__________________?
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A. the rate of change has increased in recent years

B. change is only a recent situation

C. change has been the downfall of societies

D. the more things change the more they remain the same

4127. A number of celebrities in the entertainment world have been married five or six times They may be said to have had ?
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A. the standard number of marriages in our society

B. a negative experience of married life

C. a faulty distribution of power in their marriages

D. respect for polygamy

4128. The emergence of the sate as a result of a social contract is the hypothesis found in the work of________________?
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A. Talcott Parsons

B. Thomas Hobbes

C. Karl Marx

D. Jean-Jacques Rousseau

4129. Which is FALSE of power ____________________?
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A. It plays a significant role in all kinds of social interactions

B. It is necessary for exerting social control in society

C. People have greater or lesser amounts of power according to their statuses in society

D. All power relationships are one sided
4130. Religions__________________?
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A. all of the above

B. reinforce societys nation of good and evil

C. link the human and divine orders

D. provide a special feeling of belonging and power

4131. The Marxian model of class structure divided the population into______________?
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A. the bourgeoisie and the proletariat

B. the haves and the have nots

C. quintiles

D. six or seven layers

4132. The average CEOs salary in 2005 was______________?
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A. 262 times that of the average workers

B. 250 times that of the average workers

C. 50 times that of the average workers

D. 100 times that of the average workers

4133. Reproduction outside the family__________________?
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A. is considered a sin by all religions of the world

B. reflects the norms and values of Pakistan society

C. cannot occur

D. has not been positively sanctioned in any society
4134. The nuclear from of the family often appears in_________________?
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A. rural areas

B. industrial societies

C. locations where there is the need for large families

D. traditional agrarian societies

4135. Which branch of Judaism ordains women as rabbis ?
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A. Conservative

B. Sephardic

C. Orthodox

D. Reform
4136. Ecology is the discipline concerned with________________?
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A. the way living things relate and adjust to each other in a common habitat

B. human processes such as migration

C. how ideologies motivate human behavior

D. the growth or decline of population

4137. Which is typical of the first stage of the demographic transition ?
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A. cycles of growth and decline

B. declining birthrates and high death rates

C. high birthrates and high death rates

D. high birthrates and declining death rates

4138. In education_______________?
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A. the family is unimportant

B. the social class of the family is unimportant

C. the family is crucial to student success

D. smart students easily overcome the disinterest of the family

4139. Functionalist theorists view stratification system as_______________?
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A. all of the above

B. providing a stabilizing influence on society

C. resulting from a need for order

D. preventing conflicts among individuals

4140. A study of male identical twins one of whom had been castrated by accident during circumcision and treated as a little girl until puberty showed that_______________?
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A. all of the above

B. the castrated twin was tidier than his brother but never played with dolls

C. the castrated male still acted like a tomboy

D. the intact twin gradually became more feminine

4141. Malthus suggested the following as means of birth control________________?
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A. abstinence

B. late marriage

C. all of the above

D. celibacy

4142. Which of the following brings about cultural change_________________?
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A. new art forms

B. scientific discoveries

C. technological invention

D. all of the above
4143. The United Nations__________________?
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A. is extremely effective in policing the world

B. Is primarily an instrument of the U.S

C. Open supports communist and socialist regimes

D. None of the above
4144. Which statement is false regarding prejudice ?
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A. it is almost never found in persons with an authoritarian personality type

B. It may be culture-conditioned or character -conditioned

C. It may reflect the norms of the community

D. Its source may be the personality of a specific person

4145. The crude birthrate is________________?
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A. the rate at which infants survive past their first year

B. an important demographic concept

C. the number of male births per 1000 people per country per year

D. the rate at which the elderly die in any given year

4146. Foreign aid is an instrument of________________?
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A. the democratic value system

B. propaganda

C. foreign policy

D. manipulation

4147. Which of the following is true ?
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A. Lower-class students do as well academically as those from higher social classes

B. Students with low levels of self-esteem and low levels of confidence tend to do poorly in school

C. Testing consistently low does not affect a students self-confidence

D. Students are seldom able to evaluate their own abilities

4148. Which nation state has reached zero population growth ?
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A. Zimbabwe

B. the United States

C. Turkey

D. Iran

4149. In Africa many children are_________________?
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A. sings of a good harvest

B. social security for the future of the parents

C. symbols of disgrace

D. detested by non-Catholics

4150. Modern societies are grappling with the notion of_________________?
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A. allowing same-sex couples to marry

B. lowering the age at marriage

C. eliminating marriage altogether

D. none of the above