Explore topic-wise MCQs in Economics.

This section includes 1267 Mcqs, each offering curated multiple-choice questions to sharpen your Economics knowledge and support exam preparation. Choose a topic below to get started.

501.

The decision to send arms to Iran made by the National Security Council during the Reagan presidency was an example of the following type of foreign policy______________?

A. general
B. administrative
C. crisis
D. none it was an internal matter
Answer» B. administrative
502.

The decline of unskilled factory jobs has increased black unemployment The situation is a result of______________?

A. structural discrimination
B. individual discrimination
C. nature of life
D. personal discrimination
Answer» B. individual discrimination
503.

The current trend in the social sciences is toward ?

A. statistical and quantitative ways of investigating human behavior
B. a totally value free approach
C. using the findings of the social sciences to reform society
D. using whatever technique seems best to fit
Answer» E.
504.

The current transitional period in which there is uncertainty as to what will happen to political parties is termed ?

A. dealignment
B. realignment
C. alignment
D. retrenchment
Answer» B. realignment
505.

The current Palestinians are a_____________?

A. state without a nation
B. nation without a state
C. nation split among several states
D. state split among several nations
Answer» C. nation split among several states
506.

The Cuban community in Miami is an example of______________?

A. assimilation
B. acculturation
C. accommodation
D. segregation
Answer» D. segregation
507.

The crude birthrate is the_________________?

A. number of births per thousand people per year
B. number of births a year in the world
C. the same as the fertility rate
D. the same as the fecundity rate
Answer» B. number of births a year in the world
508.

The crude birthrate is________________?

A. an important demographic concept
B. the number of male births per 1000 people per country per year
C. the rate at which infants survive past their first year
D. the rate at which the elderly die in any given year
Answer» B. the number of male births per 1000 people per country per year
509.

The crowd at a religious revival meeting is_______________?

A. casual
B. acting
C. expressive
D. disorganized
Answer» D. disorganized
510.

The creation of culture unlike playwriting ?

A. is the work of generation?
B. is not always a deliberate act
C. never results in a final authorized script
D. all of the above
Answer» E.
511.

The cottage or putting-out system refers to_________________?

A. the housing given factory workers
B. The fact that in early industrialization work was done in the home
C. a type of architecture popular in Britain
D. The way young people were put out to go work in factories
Answer» C. a type of architecture popular in Britain
512.

The conflict theory of inequality is based on the work of______________?

A. Charles Darwin
B. Karl Marx
C. Talcott Parsons
D. Kingsley Davis
Answer» C. Talcott Parsons
513.

The condition of an increase in prices NOT triggered by an increase in demand is called_______________?

A. hyperinflation
B. the Pigou effects
C. inflation
D. restraint of trade
Answer» D. restraint of trade
514.

The concept of human inequality ?

A. is tolerated by religious ideologies
B. is incorporated in the ideology of democracy
C. underlies fascism
D. has been borrowed from the natural sciences
Answer» D. has been borrowed from the natural sciences
515.

The concept of deviance refers to________________?

A. going in the wrong direction
B. bad manners
C. departure from social norms
D. reversing one,s opinion
Answer» D. reversing one,s opinion
516.

The cognitive component of culture__________________?

A. includes knowledge beliefs and technology
B. is made up of rules for behavior
C. consists of values and morals
D. is part of material culture
Answer» B. is made up of rules for behavior
517.

The classical neoclassical monetarist Keynesian refers to the discipline of_____________?

A. economics
B. anthropology
C. sociology
D. psychology
Answer» B. anthropology
518.

The classical conservative approach to stratification is that____________?

A. inequality is the law of nature
B. stratification must be legislated
C. inequality results from exploitation
D. none of the above
Answer» B. stratification must be legislated
519.

The classic textbook model of democracy is referred to as the__________________?

A. Lockean model
B. referendum model
C. majoritarian model
D. Madisonian model
Answer» D. Madisonian model
520.

The civil rights movement in the United States was a_________________?

A. reform movement
B. nationalistic movement
C. change resistant movement
D. ethical movement
Answer» B. nationalistic movement
521.

The circular nature of the economic process occurs from_________________?

A. firm to firm
B. household to firm to consumer and back again
C. government to consumer
D. firm to consumer
Answer» C. government to consumer
522.

The chief reason that Congress is so ineffective is________________?

A. that the Constitution delegates it so little power
B. a result of the gradual emergence of the Supreme Court as a legislative body
C. the development of the power of state governments
D. the traditional organization of the legislative branch
Answer» E.
523.

The chief function of interest group is to________________?

A. provide group representation above and beyond that provided by our elected officials in Congress
B. provide geographic representation
C. bring into the open obscure problems to be solved
D. choose candidates for political office
Answer» B. provide geographic representation
524.

The cause of freedom is served according to democratic capitalists when__________________?

A. everyone has economic security
B. everyone has the right to hold private property
C. welfare is eliminated
D. everyone has the chance to become a millionaire
Answer» E.
525.

The categories used by researchers to pigeonhole people into social classes__________________?

A. reflect the common -sense self-ratings of individuals
B. indicate that there are two classes the working class and the middle class
C. tend to be arbitrary and artificial
D. adequately reflect the complexity of the American class system
Answer» D. adequately reflect the complexity of the American class system
526.

“The capacity of a nation to use its resources to affect the behavior of other nations” is a definition of________________?

A. foreign policy
B. diplomacy
C. power in the context of international relations
D. international law
Answer» D. international law
527.

The blended or reconstituted family________________?

A. is considered the wave of the future
B. has its own set of problems
C. is the best solution to a failing institution
D. only a and b
Answer» E.
528.

The blended family______________?

A. consists of natural parents and children
B. is another name for a childless family
C. is made up of natural parents’ stepparents natural children and stepchildren
D. is quite stable for children
Answer» D. is quite stable for children
529.

The Black movement to the urban North from the rural South was similar to______________?

A. the experience of the American Indians
B. immigration from Europe
C. moves of professionals from New York to Los Angeles
D. the arrival of the Cuban middle class after Castro
Answer» C. moves of professionals from New York to Los Angeles
530.

The biological explanations of deviance include____________?

A. Lombroso,s criminal types
B. Sheldon,s mesomorphs
C. the extra Y chromosome
D. all of the above
Answer» E.
531.

The biological basis of human personality derives from____________________?

A. the absence of instincts
B. the need for love
C. the need for body contact
D. all of the above
Answer» E.
532.

The belief in biological determinism of sex roles________________?

A. has a significant amount of scientific support
B. has been supported by anthropological research especially by Margaret Mead
C. is based on the wrong assumption that biological differences indicate superiority or inferiority
D. shows the importance of socialization
Answer» D. shows the importance of socialization
533.

The behavior of an individual firm is part of_______________?

A. macroeconomics
B. macroeconomics
C. macroeconomics
D. institutional economics
Answer» D. institutional economics
534.

The basic components of the state include ALL BUT WHICH of the following ?

A. Territory
B. Population
C. Armed services
D. Sovereignty
Answer» D. Sovereignty
535.

The basic assertion of ageism is that________________?

A. the young are superior to the old
B. the old are superior to the young
C. there is a smooth transfer of roles between the old and the young
D. work is best left to those who can do it
Answer» B. the old are superior to the young
536.

The balance-of-power system in which four of more major powers competed and formed shifting alliances to avoid any one becoming stronger than any other was called the________________?

A. multipolar system
B. bipolar system
C. assured destruction system
D. unipolar system
Answer» B. bipolar system
537.

The average variable cost curve ?

A. is derived from the average fixed costs
B. Converges with the average cost as output increases
C. Equals the total costs divided by the output
D. Equals revenue minus profits
Answer» C. Equals the total costs divided by the output
538.

The average CEO’s salary in 2005 was______________?

A. 50 times that of the average workers
B. 100 times that of the average workers
C. 250 times that of the average workers
D. 262 times that of the average workers
Answer» E.
539.

The author of a famous treatise on the origin of the state characterized existence in the “state of nature” as________________?

A. similar to an earthly paradise
B. among “noble savages”
C. “solitary poor nasty brutish and short”
D. a pre-Christian utopia
Answer» D. a pre-Christian utopia
540.

The attitude of some Americans toward the minorities in their midst shows_______________?

A. culture shock
B. the importance of culture
C. cultural superiority
D. cultural relativity
Answer» C. cultural superiority
541.

The argument that in some situations the government had to “prime the pump” was advanced by________________?

A. Karl Marx
B. Adam Smith
C. John Maynard Keynes
D. Milton Friedman
Answer» D. Milton Friedman
542.

The anthropologist George Murdock believes that the family _____________________?

A. is found only in some human societies
B. has functions fundamental to human life
C. is harmful and leads to schizophrenia
D. was the last institution to develop
Answer» C. is harmful and leads to schizophrenia
543.

The American democratic system is based on________________?

A. the dignity of the individual
B. representation of the majority
C. protection of minority rights
D. all of the above
Answer» E.
544.

The allocation of tasks to particular individuals who specialize in performing them is referred to as_______________?

A. division of labor
B. status fulfillment
C. ascribed status
D. status specialization
Answer» B. status fulfillment
545.

The accelerator theory of investment says that induced investment is determined by ?

A. the level of national income
B. the level of aggregate demand
C. the rate of change of national income
D. expectations
Answer» D. expectations
546.

The accelerator assumes ?

A. The marginal propensity to consume is constant
B. The economy is at full employment
C. There is a constant relationship between net investment and the rate of change of output
D. The multiplier is constant
Answer» D. The multiplier is constant
547.

Secondary sex characteristics________________?

A. are anatomical differences between men and women
B. develop when specific hormones are introduced into an organism
C. are mental differences between men and women
D. none of the above
Answer» C. are mental differences between men and women
548.

Secondary deviance does not occur unless people_______________?

A. reject deviant labels
B. accept deviant labels and eliminate the behavior in
C. reject the deviant labels but maintain the behavior in
D. accept the deviant labels and maintain the behavior in
Answer» E.
549.

Second- and third-generation immigrants failed to melt in the melting pot because of_______________?

A. language differences
B. residence stability
C. religion
D. skin color
Answer» D. skin color
550.

Scientists start an investigation with by________________?

A. selecting and defining a topic
B. verifying a hypothesis
C. analyzing data
D. replicating an experiment
Answer» B. verifying a hypothesis