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.

551.

Scientists agree that________________?

A. there are three races
B. there are fifty two races
C. there are no races
D. all of humankind is descended from the same common stock
Answer» E.
552.

Scientists agree that homosexuality is______________?

A. a disease
B. biologically caused
C. culturally learned behavior
D. none of the above
Answer» E.
553.

Scientific research relates to________________?

A. controlled inquiry
B. relationships among variables
C. consideration of independent and dependent variables
D. all of the above
Answer» E.
554.

Scientific observations are based on_________________?

A. controlled conditions
B. precision
C. organization of the data
D. all of the above
Answer» E.
555.

Scientific observation in the social sciences differs from that in the natural sciences because___________?

A. the social sciences deal with the behavior of people
B. the social sciences deal with the extraterrestrial
C. the social sciences have developed concrete laws of behavior while the natural sciences have only theories
D. people behavior is predictable while the behavior of inanimate objects is not
Answer» B. the social sciences deal with the extraterrestrial
556.

Scientific conclusions are_________________?

A. relative to time and place of study and subject to revision
B. absolute truths for all times
C. universally accepted
D. personal opinions of important scholars
Answer» B. absolute truths for all times
557.

Schizophrenia is_______________?

A. another name for split personality
B. a term meaning “to hallucinate”
C. applied to a number of disturbances for lack of any other label
D. a psychosomatic disorder
Answer» D. a psychosomatic disorder
558.

Sapir and Whorf believe that______________?

A. the structure of a language shapes a people view of the world
B. language has no part in mental attitudes
C. languages are limited to the number of words for any given object
D. preverbal communication is more important than verbal
Answer» B. language has no part in mental attitudes
559.

Royal Dutch Shell Oil Co has branches in Holland Britain the United States and France This kind of corporation is called__________________?

A. closed
B. multinational
C. restricted
D. monopolistic
Answer» C. restricted
560.

Romance as a reason for marriage________________?

A. is an ancient principle
B. is a modern invention
C. prevents divorce
D. contributes to divorce
Answer» C. prevents divorce
561.

Role strain___________?

A. may occur within the confines of a single role
B. may result from faulty role performance
C. may occur when entrenched statuses become altered
D. all of the above
Answer» E.
562.

Role conflicts tend to occur______________?

A. over scarce resources
B. within aggregates
C. because we must fulfill several demanding roles simultaneously
D. all of the above
Answer» D. all of the above
563.

Retirements negative effects are felt most strongly by_____________?

A. upper-class men and service workers
B. women in general and lower-class workers
C. middle-class men and lower-class women
D. none of the above
Answer» E.
564.

Resources are defined as______________?

A. everything needed for the production of goods and services including human energy
B. everything found in the ground
C. everything that is made by people
D. none of the above
Answer» B. everything found in the ground
565.

Resources are defined as___________________?

A. anything that is manmade
B. anything that is produced in factories
C. anything that is derived from natural including
D. everything that is needed for the production of goods and services including human energy
Answer» E.
566.

Reproduction outside the family__________________?

A. cannot occur
B. has not been positively sanctioned in any society
C. reflects the norms and values of Pakistan society
D. is considered a sin by all religions of the world
Answer» C. reflects the norms and values of Pakistan society
567.

Repeating a research project called ?

A. verification
B. generalization
C. replication
D. validation
Answer» D. validation
568.

Religions__________________?

A. reinforce society’s nation of good and evil
B. link the human and divine orders
C. provide a special feeling of belonging and power
D. all of the above
Answer» E.
569.

Religious beliefs are often contained in_______________?

A. doctrines
B. creeds
C. articles of faith
D. all of the above
Answer» E.
570.

Religiosity refers to_______________?

A. depth of religious feelings
B. whether one believes in God or gods
C. whether one participates in religious rituals
D. a belief in heaven and hell
Answer» B. whether one believes in God or gods
571.

Religion has the function of________________?

A. supporting societal norms
B. making life anxiety-ridden
C. having the individual lose his/her identity
D. decreasing a person’s sense of security
Answer» B. making life anxiety-ridden
572.

Religion performs all but one of the following functions_______________?

A. provides answers to basic s for which there is no other authority
B. supports societal norms and values by transforming them into divine laws
C. helps people deal with guilt for their transgressions offering a way back to a constructive life
D. provides a single set of norms that are universally accepted and agreed upon
Answer» E.
573.

Regarding capitalist industrial societies Marx asserted that______________?

A. the means of production are controlled by the masses
B. religion and philosophy are the foundations of society
C. property is unimportant in the modern state
D. they contained the seeds of their own destruction
Answer» E.
574.

Reform movements________________?

A. are always progressive
B. may be reactionary or progressive
C. are equally successful in all types of societies
D. have brought about both communism and fascism
Answer» C. are equally successful in all types of societies
575.

Reform movements_________________?

A. are more successful in authoritarian than in democratic societies
B. substitute one ruling class for another
C. may be progressive or reactionary
D. aim to change the entire society
Answer» D. aim to change the entire society
576.

Redemptive movements include________________?

A. the antinuclear movement
B. fundamentalist Christianity
C. the civil rights movement
D. the women’s liberation movement
Answer» C. the civil rights movement
577.

Recent research supports the notion that mother-infant bonding_______________?

A. has a cultural basis
B. has a biological basis
C. depends on how wanted the infant is
D. none of the above
Answer» C. depends on how wanted the infant is
578.

Recent studies related to daycare centers indicate that_____________?

A. children are generally emotionally impaired by them
B. children lose intellectual progress
C. there is no important loss or gain in intellectual development in well managed centers
D. they are a breeding ground of child abuse
Answer» D. they are a breeding ground of child abuse
579.

Recent events vividly demonstrate that nationalism is_______________?

A. dead
B. the source of wars and atrocities
C. at most a quaint reminder of past political cultures
D. the bastion of freedom and world peace
Answer» C. at most a quaint reminder of past political cultures
580.

Reaganomics was a radical shift in Policy aimed at direct tackling ?

A. The charities economy
B. The demand side of the country
C. The underground economy
D. the supply side of the economy
Answer» E.
581.

Rates of poverty tend to be highest among_______________?

A. Female headed households
B. children
C. minorities
D. all of the above
Answer» E.
582.

Racism is based on the belief (s) that_________________?

A. groups inherit certain traits that are inferior
B. the dominant majority is the fittest from a Darwinian point of view
C. minority groups should not have access to wealth and power
D. all of the above
Answer» E.
583.

Publics and public opinion________________?

A. are more characteristic of complex societies than of simple ones
B. are more frequent in totalitarian societies than in democratic ones
C. express the values of leaders of society
D. have special meanings in traditional societies where conflicting issues are common
Answer» B. are more frequent in totalitarian societies than in democratic ones
584.

Public policy according to elitists tends to reflect______________?

A. the demands of the masses
B. the values of the elites
C. the ideals of the society
D. the compromises necessary to temper ideals with reality
Answer» C. the ideals of the society
585.

Public policy is________________?

A. what the government does
B. what the government fails to do
C. a plan of action
D. all of the above
Answer» E.
586.

Public opinion is associated with_______________?

A. mass society
B. primary groups
C. face-to-face-communication
D. emergent norms
Answer» B. primary groups
587.

Public government agencies are________________?

A. firms
B. households
C. markets
D. central authorities
Answer» E.
588.

Psychosomatic illness entails____________?

A. anxiety or emotional tension producing physical symptoms
B. purely imaginary physical problems
C. bodily ailments creating mental disorder
D. all of the above
Answer» B. purely imaginary physical problems
589.

Psychology deals with_________________?

A. only violent behavior
B. only normal behavior
C. mental states of individual humans
D. groups of people in interaction
E. None of these
Answer» D. groups of people in interaction
590.

Psychologists researching the causes of prejudice have found that_______________?

A. it may have an evolutionary origin
B. it is caused by anger
C. it is directed at a target from a different group
D. all of the above
Answer» E.
591.

Psychodynamic approaches to personality are so named because _____________?

A. they are based on a sophisticated definition of instinct
B. they emphasize sexual dysfunction
C. they stress the irrational
D. all of the above
Answer» B. they emphasize sexual dysfunction
592.

Proposed political party reforms in the U.S include_____________?

A. greater ideological division
B. increasing numbers of Independents
C. greater freedom of action for candidates
D. adopting a winner-takes -all principle
Answer» B. increasing numbers of Independents
593.

Property is defined in terms of rights of_________________?

A. Ownership
B. consumption
C. distribution
D. production
Answer» B. consumption
594.

Profit is measured by ?

A. Revenue – fixed costs
B. Fixed cost + revenue
C. Revenue – sales
D. Revenue – total costs
Answer» E.
595.

Professionalization means__________________?

A. excessive upward mobility
B. interlocking directorates
C. racial polarization
D. a combination of theoretical knowledge and training
Answer» E.
596.

Professionalization means________________?

A. everyone is called by a title
B. the same as unemployment
C. there is a decrease in polarization
D. having theoretical knowledge in addition to training
Answer» E.
597.

Products of the economy used in production as opposed to gifts of nature are______________?

A. land
B. labor
C. capital
D. entrepreneurship
Answer» D. entrepreneurship
598.

Privatisation is the transfer out ?

A. Publicly held stock to private individuals
B. corporately owned businesses to individuals
C. government businesses to the private sector
D. Privately owned business to the government sector
Answer» D. Privately owned business to the government sector
599.

Primary group are basic to the development of____________________?

A. politics
B. law
C. personality
D. social change
Answer» D. social change
600.

Primary deviance______________?

A. is deviance of which we are all guilty at one time or another
B. occurs when deviants accept the label
C. is a more serious offense than secondary deviance
D. is the first deviant act ever discovered
Answer» B. occurs when deviants accept the label