miscellaneous MCQs – Page 64

Practise focused miscellaneous questions with marked answers for exam preparation and subject revision.

miscellaneous Mcqs
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

1264. If the marginal propensity to consume on domestic products is 0.9 the size of the multiplier is ?
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A. 1

B. 0.1

C. 9

D. 10

1265. If the Keynesian consumption function is C = 10 + 0.8 Td when disposable income is Rs1000 the marginal propensity to consume is what ?
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A. 800

B. 0.8

C. 810

D. 0.81
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