miscellaneous Mcqs
1252. Which of the following is NOT an example of a subject investigated by social scientists ?
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A. The course of population growth and decline

B. The functioning of supply and demand

C. The interaction of various drugs in humans

D. Case study of an urban gay community

1254. In macroeconomics, equilibrium is defined as that point at which ?
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A. aggregate output equals consumption minus investment

B. saving equals consumption

C. Planned aggregate expenditure equals aggregate output

D. planned aggregate expenditure equals consumption

1256. A counterculture ?
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A. emphasizes math

B. opposes values of the mainstream culture

C. is based in stores

D. none of the above

1257. Investment is ?
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A. A withdrawal that decrease aggregate

B. An injection that decreases aggregate demand

C. An injection that increases aggregate demand

D. A withdrawal that increase aggregate demand

1258. Disposable income is the part of households income left after the deduction of ?
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A. income tax and social security payments

B. contractual payments such as pensions and mortgages

C. taxes and the addition of benefits

D. income tax

1259. According to the paradox of thrift increased efforts to save will cause ?
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A. a decrease in income and an overall decrease in saving

B. an increase in income but no overall change in saving

C. an increase in income and an increase in overall saving

D. a decrease in income but an increase in saving

1260. The liquidity trap occurs when the demand for money ?
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A. Means that an increases in the money supply leads to an increases in the interest rate

B. Is perfectly interest inelastic

C. Means that an increase in money supply leads to a fall in the interest rate

D. Is perfectly interest elastic
1261. Potential growth measures ?
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A. The rate of growth that could be achieved if resources were fully employed

B. The fastest growth an economy has ever achieved

C. the growth of the fastest economy in the world

D. The present rate of growth of an economy

1262. Which best describes price discrimination ?
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A. Charging the same prices for different products

B. Charging the same prices for same products

C. Charging different prices for the same products

D. Charging different prices for different products

1263. The social sciences first emerged ?
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A. to defend the established order

B. as a search for universal social laws

C. to systematically apply common sense to issues

D. as a method of social control

1266. Lower interest rates are likely to ?
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A. increase cost of borrowing

B. Decrease consumption

C. Increase spending

D. Encourage saving

1267. The accelerator theory of investment says that induced investment is determined by ?
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A. the level of aggregate demand

B. expectations

C. the level of national income

D. the rate of change of national income
1268. Scientific observations are based on_________________?
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A. precision

B. all of the above

C. controlled conditions

D. organization of the data

1269. People manipulate the social world which helps them to______________?
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A. take over the environment

B. change the nature of the physical environment

C. regulate the environment

D. adapt to the environment
1270. Investment is a unstable element of aggregate demand because it depends heavily on ?
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A. Government policy

B. National income

C. Expectations

D. Historic trends

1271. Normal profit occurs when ?
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A. Marginal revenue equals marginal cost

B. Average revenue equals marginal cost

C. Average revenue equals average cost

D. Average revenue equals average variable cost
1272. As resources are shifted from one industry to another this can be shown by ?
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A. An inward shift of the production possibility frontier

B. The pivoting of the production possibility frontier

C. A movement along the production possibility frontier

D. An outward shift of the production possibility frontier

1273. Ethnocentrism refers to_______________?
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A. an attitude with which members of one society judge another society according to their own standards

B. all of the above

C. the attitude that cultures be analyzed on their own terms

D. the attitude that certain values and practices are common to all cultures

1274. The marginal propensity to save (MPS) is ?
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A. the ratio of saving to income

B. the average amount of income that is saved

C. the fraction of a change in income that is saved

D. the ratio of income to saving

1275. Total increases from Rs500 to Rs600 when output increases from 20 to 30 units. Fixed costs are Rs200 Which of the following is true ?
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A. Average fixed cost is Rs10

B. Marginal cost is Rs20

C. Average cost falls

D. Variable cost rises by Rs100
1276. It is true that the differences among the social sciences ?
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A. consist of the examination of various facets of a social universe

B. are a matter of stress?

C. are differences of vantage point

D. all of the above
1277. The fraction of change in income that is consumed or spend is called ?
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A. the average propensity to consume

B. the marginal propensity of expenditure

C. the marginal propensity to consume

D. the marginal propensity to save

1278. A detailed investigation of a single social unit in order to study it in depth is______________?
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A. sample survey

B. participant observation

C. a case studies

D. laboratory experiment

1279. Every hypothesis must ?
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A. predict a relationship between two factors

B. be general

C. be based on scientific theory

D. predict a causal relationship

1280. Psychology deals with_________________?
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A. mental states of individual humans

B. None of these

C. only violent behavior

D. only normal behavior

E. groups of people in interaction

1281. Which of the following is an example of a culture complex ?
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A. a football

B. team uniforms

C. goal posts

D. playing football
1282. In a boom ?
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A. Imports are likely to grow

B. Prices are likely to fall

C. Demand is likely to fall

D. Unemployment is likely to fall
1284. The speculative demand for money occurs when ?
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A. Individuals hold money to buy things

B. Individuals hold money to shop

C. Individuals hold money just in case an emergency happens

D. Individuals hold money rather than other assets because they are worried about the price of the other assets falling

1285. In the United States___________________?
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A. people value and believe what they please because its a free country

B. values norms and beliefs are unimportant

C. values norms and beliefs are always in agreement

D. values norms and beliefs are often in conflict
1286. Biological factors which make the development of culture possible include ?
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A. all of the above

B. opposable thumb

C. erect walking posture

D. vision in depth

1287. For equilibrium in an open four sector economy ?
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A. Actual injections = actual withdrawals

B. Savings = investment

C. Planned injections = planned withdrawals

D. Government spending = tax revenue

1288. Total increase from Rs500 to Rs600 When output increases from 20 to 30 units Fixed costs are Rs200 Which of the following is true ?
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A. Average cost rises

B. Marginal cost is Rs20

C. Variable cost rises by Rs200

D. Average fixed cost was Rs10originally

1289. For a firm operating in two markets and price discriminating the profit maximising condition is ?
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A. Marginal revenue in A = Marginal revenue B = Average cost

B. Marginal revenue in A = Marginal revenue B = Marginal cost

C. Marginal revenue in A= Price B

D. Marginal revenue in A = Marginal revenue B = Price A = Price B
1290. Pivotal institutions_________________?
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A. include government the economy education the family and religion

B. differ in traits and culture complexes from society to society

C. arise from fundamental human needs

D. all of the above
1291. An increase in consumption at any given level of income is likely to lead to ?
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A. An increase in exports

B. A fall in taxation revenue

C. A decrease in import spending

D. A fall is savings

1292. If the price elasticity is -0.3 this means ?
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A. A price fall would increase revenue

B. Demand is upward sloping

C. Demand is price inelastic

D. Demand is price elastic

1293. Which of the following statements supports deregulation of industries ?
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A. All of the above

B. Because few real natural monopolies exist there is rarely a reason for government regulation

C. Many instances of government regulation have succeeded in reducing competition in industries where competition may be beneficial

D. Technological change has made it possible for many industries to become more competitive

1294. When an economy first begins to grow more slowly ?
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A. Stock levels are likely to increase

B. GDP increase

C. Inflation is likely to increase

D. Investment in equipment is likely to increase

1295. Economic growth can be seen by an outward shift of ?
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A. The Minimum Efficient Scale

B. The Marginal Consumption Frontier

C. The Gross Domestic Barrier

D. The Production Possibility Frontier

1296. Price equals ?
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A. Total revenue / quantity sold

B. Total revenue / total cost

C. Total quantity sold quantity sold

D. Total revenue quantity

1297. Profit is measured by ?
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A. Revenue total costs

B. Fixed cost + revenue

C. Revenue sales

D. Revenue fixed costs

1298. When marginal revenue equals marginal cost ?
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A. Total revenue equals total cost

B. There is the biggest positive difference between total revenue and total cost

C. There is the biggest negative difference between total revenue and total cost

D. Profits are Zero

1299. Industrial Revolution__________________?
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A. created a class of industrial workers

B. made all social classes equal

C. none of the above

D. eliminated social classes

1300. Which of the following is an example of material culture ?
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A. competition is good for you

B. A football games

C. The football itself

D. The NFL rules