miscellaneous MCQs – Page 67

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

miscellaneous Mcqs
1321. Symbolic interaction ism functionalism conflict feminism exchange are_____________?
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A. theoretical models used by sociologists and anthropologists

B. economic theories

C. the vocabulary of computer science

D. issues in psychology

1322. Cultural universals include ?
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A. personal adornment

B. food taboos

C. all of the above

D. music
1323. Assuming there is no government or foreign sector the formula for the multiplier is ?
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A. 1/(1+ MPC)

B. 1/MPS

C. 1 MPC

D. 1/MPC

1324. Friedmans theory of consumption focuses on ?
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A. Past income

B. Current income

C. permanent income

D. Disposable income

1325. Economics deals with_______________?
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A. consumption of goods and services

B. production of goods and services

C. distribution of goods and services

D. all of the above
1326. Assume there is no government or foreign setor, If the MPC is 75 a Rs20 million decrease in planned investment will cause aggregate output to decrease by ?
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A. Rs26.67 million

B. Rs 15 million

C. Rs20 million

D. Rs80 million
1327. In Which of the business cycle do firms try to cut stocks in order to save costs ?
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A. The expansion

B. The peeking out

C. The recession

D. The upturn

1328. Injections ?
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A. Always equal savings

B. include investment and export spending

C. Always equal national income

D. Decrease aggregate demand

1329. A case study is most useful when ____________?
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A. events under consideration are rare

B. no hypothesis can be formulated

C. limited research funds are available

D. facts must be established
1330. If the Keynesian consumption function is C = 10 + 0.8 Td when disposable income is Rs1000 the average propensity to consume is what ?
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A. 0.8

B. 800

C. 810

D. 0.81

1331. If an economy moves from producing 10 units of A and 4 units of B to producing 7 As and 5Bs The opportunity cost of the 5th B is ?
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A. 3As

B. 1A

C. 10As

D. 7As

1332. In the short term a firm will produce provided the revenue ?
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A. covers variable costs

B. covers fixed costs

C. covers revenue

D. covers total costs

1333. The current trend in the social sciences is toward ?
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A. a totally value free approach

B. using the findings of the social sciences to reform society

C. statistical and quantitative ways of investigating human behavior

D. using whatever technique seems best to fit
1334. An increase in national income is ?
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A. Likely to increase spending on imports

B. Likely to decrease investment

C. Likely in increase exports

D. Likely to decrease savings

1335. A sample survey deals with_______________?
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A. a statistically valid section of a population

B. asking people who walk by to fill out naires

C. eating samples at various supermarkets

D. an entire population

1336. An increase in investment is most likely to be caused by ?
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A. Lower interest rates

B. Lower national income

C. An increase in withdrawals

D. A decrease in the marginal propensity to consume
1337. Language____________?
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A. reflects changes in society

B. passes on knowledge from generation to generation

C. helps humans to cooperate

D. all of the above