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
4301. Industrialization was accompanied by_______________?
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A. continued accumulation and reinvestment of capital

B. All of the above

C. dehumanization and commodification of labor

D. creation of a middle class

4302. Structural functionalism is the intellectual descendent of________________?
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A. Classical conservatism

B. Social Darwinism

C. Marxism

D. Classical liberalism

4303. What percent of total work hours must be used to fix errors that occur on the assembly line in mass-production plants ?
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A. 25%

B. 40%

C. 50%

D. 35%

4304. In the perspective of realism high politics refers to________________?
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A. issues of war and security

B. social and economic issues

C. diplomatic relations

D. cultural interaction

4305. Human races reflect_______________?
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A. differences in intelligence

B. mixtures of several populations

C. pure stock

D. primarily differences in language

4306. A social movement which becomes a formal organization is said to have undergone________________?
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A. cooptation

B. bureaucratization

C. oligarchization

D. incorporation

4307. The United Stats in an exception in that_________________?
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A. wealth correlates with religion

B. none of the above

C. in most wealth nations religion is very important

D. wealth does not correlate with religion
4308. Islam was established_________________?
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A. well after the founding of either Judaism or Christianity

B. about the time of Moses

C. 400 years before the birth of Jesus Christ

D. around the time of the apostle Paul

4309. The small number of black managers and coaches in professional baseball and football is an example of________________?
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A. cultural discrimination

B. lack of talent among blacks

C. institutional discrimination

D. individual discrimination

4310. The privileged position of the modern industrial nations was attained because of_______________?
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A. a change in the economy from agrarian to industrial

B. a change in the population distribution from rural to urban

C. the discovery of natural resources

D. both urbanization and industrialization
4311. Meads work in New Guinea indicated that__________________?
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A. all tribes in her study stressed male aggression and hostility

B. sex role behavior is conditioned differently in different cultures

C. biology totally controls social role behavior

D. men are men and women are women everywhere

4312. The most important product of the social way of life is__________________?
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A. culture

B. family

C. society

D. marriage

4313. The expectations people have regarding how husbands and wives ought to behave are called marital______________?
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A. norms

B. orders

C. illusions

D. scripts
4314. Marx regarded religion as______________?
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A. a deliberate hoax on the part of dominant classes

B. alienating on both personal and social levels

C. an opiate

D. all of the above
4315. How are decisions about production made in a market economy ?
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A. By a command system

B. By executive fiat

C. Through a price system

D. According to tradition

4316. Critics maintain that the following issues are present in higher education______________?
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A. high tuitions

B. a lowering of standards

C. muzzling of academic freedom

D. all of the above
4317. The participants in a market include_____________?
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A. governments

B. all of the above

C. households

D. firms

4318. The transition from rural living to city living occurred because_______________?
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A. there was less need for farm workers as agriculture became mechanized

B. factories were concentrated in cities

C. social change dictated a new fad urban living

D. of BOTH a decrease in the need for farm workers and the fact that factories were located in cities
4319. Prejudice persists because it________________?
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A. causes guilt feelings and most people need a scapegoat

B. is learned in school

C. is emotionally satisfying

D. is based on rational though

4320. The natural environment is_________________?
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A. the way humans found the earth

B. the total complex of manmade elements in an area

C. the totality of natural conditions and resources that occur in a specific area

D. mountains oceans rivers and deserts

4321. Weber,s Protestant Ethicis_______________?
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A. a rejection of the ideological function of religion

B. an explanation of Third-World underdevelopment

C. a refutation of economic determinism

D. a vindication of the morality of capitalism
4322. individuals who hold lesser positions and make less money than their parents are displaying_____________?
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A. intergenerational mobility

B. status inconsistency

C. intragenerational mobility

D. horizontal mobility

4323. The first airplane was a (n)________________?
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A. invention

B. miracle

C. discovery

D. diffusion

4324. When the public perceives that the government has failed the state may be said to be undergoing________________?
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A. a crisis of legitimacy

B. involution

C. revolution

D. a crisis of confidence

4325. The Industrial Revolution was based on_______________?
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A. all of the above

B. new sources power

C. the invention of basic machines

D. the discovery of new material

4326. As of the late 1990s________________?
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A. at least 40 percent of blacks were squarely in the middle class

B. blacks and whites had the same average income

C. black unemployment was the same as that of whites

D. blacks and whites graduated from college at the same rate

4327. By 2050 8 billion of the projected 9.5 billion people will be_____________________?
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A. as wealthy as the developed nations

B. living in predominantly agricultural nations

C. living in poor countries

D. living in industrial nations

4328. When children reach school age their parents_________________?
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A. all of the above

B. experience a decline in martial satisfaction

C. spend more time together and are more content

D. shift their focus toward their own relationship

4329. Change may be experienced on three levels__________________?
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A. micro middle and macro

B. personal impersonal social

C. invention discovery exploration

D. planning reform revolution

4330. Power may be asserted by_________________?
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A. coercion reciprocation or reward

B. promising a reward in return for compliance

C. reciprocating

D. coercion

4331. Males______________?
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A. live longer than females

B. are less likely to die violently

C. have a lower birthrate than females

D. are more prone to aggressiveness than females
4332. Minorities have reacted to domination by developing goals that may be called_________________?
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A. all of the above

B. pluralistic

C. assimilationist

D. secessionist

4333. Entities such as the U.N and the European Economic Community (Common Market) are classed as_____________?
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A. LDCs

B. IGOs

C. EEcs

D. ICUs

4334. Who really owns the corporation? the_________________?
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A. stockholders

B. banks

C. founders

D. Government

4335. The difference in attitudes of whites and African Americans is related to_______________?
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A. social status

B. none of these

C. age

D. social class

4336. An example of resource versatility is_________________?
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A. land used for both mining and recreation

B. Swimming fishing and boating in the same lake

C. stringing beads in the morning fishing in the afternoon, and teaching bead stringing at night

D. All of the above

4337. Subdued religious rituals which appeal to upper-middle -class Protestants are the hallmark of which of the following denominations ?
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A. Episcopalians

B. all of the above

C. Congregationalists

D. Presbyterians

4338. If a broad spectrum of the population is surveyed at a given time the study is called______________?
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A. cross sectional

B. longitudinal

C. descriptive

D. inferential

4339. Among the changes in the family institution which is false ?
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A. marriage rates have declined

B. families have gotten larger

C. there has been an increase in voluntary childlessness

D. the birthrate has greatly declined

4340. Marriage is_________________?
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A. a union recognized as legal by a society

B. always endogamous

C. always monogamous

D. any union of males and females

4341. When a predominantly foreign government is overthrown the revolution is called_______________?
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A. alternative

B. nationalistic

C. class

D. fascist

4342. The Treaty of Westphalia established ?
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A. the principle that state religions were forbidden

B. secure borders between Germany and France

C. that the power of the state superseded the power of the Catholic church

D. King Henry the VII as the Holy Roman Emperor

4343. Minority groups______________?
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A. tend to show solidarity to each other

B. practice cultural relativity

C. exhibit clannish behavior

D. constitute a subculture within the larger culture
4344. The practice of requiring degrees as a minimum hiring requirement is called_______________?
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A. credentialism

B. elitism

C. syndication

D. academicism

4345. Which statement is an example of stereotyping ?
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A. Judge each individual on his own merits

B. Talent is not the exclusive property of any ethnic group

C. There are good and bad among all ethnic or racial groups

D. All blacks are good basketball players
4346. The Cuban community in Miami is an example of______________?
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A. assimilation

B. accommodation

C. acculturation

D. segregation

4347. An ascribed status that a person cannot change is________________?
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A. last name

B. race

C. religion

D. political party

4348. Which of the following does NOT appear to be a factor in divorce_______________?
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A. dramatic differences in family backgrounds

B. marriage after an engagement of over three years

C. pregnancy shortly after marriage

D. differences in occupational goals and careers
4349. What kind of individual is valued in industrial and postindustrial societies ?
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A. the nonproductive elderly

B. the technically sophisticated and well-educated individual

C. the nonproductive member of an underclass

D. the manual worker

4350. The global social system differs from a societal social system in that________________?
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A. nations do not have common goals

B. nations contain a variety of ethnic and racial groups

C. all of the above

D. no global government exists