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.

601.

Price equals ?

A. Total revenue – quantity
B. Total revenue / quantity sold
C. Total quantity sold quantity sold
D. Total revenue / total cost
Answer» C. Total quantity sold quantity sold
602.

Present theories of stratification__________________?

A. offer ways to end inequality
B. answer the of what causes inequality
C. agree that inequality is an evil
D. offer two different ways of looking at inequality
Answer» E.
603.

Premeditated politically motivated violence perpetrated against noncombatant targets by subnational groups or clandestine agents is the definition of_________________?

A. social movements
B. revolution
C. coups d,etat
D. terrorism
Answer» E.
604.

Prejudice and discrimination______________?

A. have never existed toward diverse religious groups
B. have been a part of the relationships among diverse religious groups
C. are tenets of some religions
D. none of the above
Answer» C. are tenets of some religions
605.

Prejudice persists because it________________?

A. is learned in school
B. is emotionally satisfying
C. is based on rational though
D. causes guilt feelings and most people need a scapegoat
Answer» C. is based on rational though
606.

Prejudice diminishes as___________________?

A. the majority becomes more oppressive
B. assimilation occurs
C. the economic status of minorities becomes equal to that of the majority
D. the economic status of minorities declines
Answer» D. the economic status of minorities declines
607.

Power may be asserted by_________________?

A. reciprocating
B. promising a reward in return for compliance
C. coercion
D. coercion reciprocation or reward
Answer» E.
608.

Power is_________________?

A. the most important feature of stratification
B. restricted to a small elite in traditional societies
C. widely distributed and diffused in industrial societies
D. all of the above
Answer» E.
609.

Power is legitimate if_________________?

A. it is enforced on members of society
B. a majority of societal members accept its use as right and proper
C. it has been transmitted in a traditional way
D. it is rational
Answer» C. it has been transmitted in a traditional way
610.

Power is exercised in________________?

A. complex industrial societies
B. simple farming societies
C. hunting and gathering societies
D. all social systems
Answer» E.
611.

Power is defined by Max Weber as the ability to__________________?

A. be the strongest in mind and body
B. carry out one,s wishes in spite of resistance
C. gain consent
D. do as one pleases
Answer» C. gain consent
612.

Poverty is related to_______________?

A. technological changes only
B. lack of work ethic
C. patterns of prejudice and technological change
D. discrimination only
Answer» D. discrimination only
613.

Potential growth measures ?

A. the growth of the fastest economy in the world
B. The fastest growth an economy has ever achieved
C. The present rate of growth of an economy
D. The rate of growth that could be achieved if resources were fully employed
Answer» B. The fastest growth an economy has ever achieved
614.

Population began to increase steadily________________?

A. by around the middle of the 18th century
B. with improvements in agriculture technology and medicine
C. in the Bronze Age
D. in the 17th century when agriculture technology and medicine
Answer» B. with improvements in agriculture technology and medicine
615.

Population density may be defined as_________________?

A. the number of people to a land area
B. the density of a compound group
C. the number of births and deaths per year
D. the ability of a square foot of land to feed a number of people
Answer» B. the density of a compound group
616.

Population density________________?

A. always relates to birthrates
B. is low in Japan
C. is low in Western Europe
D. is high in industrial areas
Answer» E.
617.

Political ideology deals with______________?

A. matters of rule selection and principles of rule
B. parties
C. economics
D. none of the above
Answer» B. parties
618.

Political scientists Dye and Zeigler maintain that____________?

A. the elite may be influenced by the masses but it is more likely that it influences the masses
B. the elite constitutes a monolithic ruling class
C. elite groups have maximum control over decisions that affect the majority of people
D. the elite works against the public good
Answer» B. the elite constitutes a monolithic ruling class
619.

Politics may be defined as_______________?

A. the statuses and roles that enforce the law
B. the legitimate use of force within a territory
C. the process by which individuals and groups acquire power
D. all of the above
Answer» D. all of the above
620.

Political scientist Morgenthau and the realist school believe that foreign policy is based on_______________?

A. morality
B. rights of humanity
C. exercise of power
D. what is best for the people of a nation
Answer» D. what is best for the people of a nation
621.

Political science stresses the study of_______________?

A. government
B. state
C. power
D. all of the above
Answer» E.
622.

Political science has taken a turn toward the social sciences in its studies of__________________?

A. law and administration
B. the moral effects of government policies
C. work as a source of identity
D. the social impact of government on groups and individuals
Answer» E.
623.

Political power_______________?

A. appears only in capitalistic societies
B. is power exercised by the state through its government
C. characterizes all dictatorships
D. belongs to a ruler in democratic regimes
Answer» C. characterizes all dictatorships
624.

Political parties in the U.S function to______________?

A. define the interests of the people in the form of a platform
B. provide personnel to run the government
C. engage in political socialization
D. all of the above
Answer» E.
625.

Political parties link_____________?

A. PACs to Congress
B. heterogeneous groups to coalitions
C. extremists to government
D. all of the above
Answer» C. extremists to government
626.

Political control refers to________________?

A. any social control
B. social control exercised by peers
C. social control exercised by the government
D. being forced to vote
Answer» D. being forced to vote
627.

Political control_____________?

A. is internalized cultural learning
B. is acquired through socialization
C. is social control exerted by forces outside the individual
D. takes the place of moral control in simple societies
Answer» D. takes the place of moral control in simple societies
628.

Political activists_______________?

A. are moving outside the Democratic party to achieve some of their political goals
B. are becoming very scarce in both parties
C. are hoping to create a third party
D. none of the above
Answer» B. are becoming very scarce in both parties
629.

Pluralist societies depend upon one of the following for their existence_______________?

A. immigration
B. colonization
C. conquest
D. coexistence
Answer» E.
630.

Placing workers and machines in one building is called______________?

A. cottage industry
B. guild system
C. factory system
D. exploitation of the proletariat
Answer» D. exploitation of the proletariat
631.

Pivotal institutions_________________?

A. arise from fundamental human needs
B. include government the economy education the family and religion
C. differ in traits and culture complexes from society to society
D. all of the above
Answer» E.
632.

Persons interested in saving the whales could be considered a (n)______________?

A. public
B. acting crowd
C. casual crowd
D. none of these
Answer» B. acting crowd
633.

Persons set apart for differential treatment include________________?

A. those affected by physical and mental disabilities
B. the rich and famous
C. homosexuals
D. BOTH the disabled and those with same-sex preferences
Answer» E.
634.

Personality must be considered as________________?

A. interplay between environment and learned behavior
B. a result of biology alone
C. role demands
D. more a function of heredity than anything else
Answer» B. a result of biology alone
635.

Personality may be seen as a circular system in that____________?

A. every adult experience cycle back to childhood
B. personality affects roles and vice-versa
C. all feelings revolve around the self
D. all experience is based on preconceptions
Answer» C. all feelings revolve around the self
636.

“Personal space is defined differently in different societies Therefore we can say that_____________?

A. culture shapes both verbal and nonverbal behavior
B. personal space is controlled genetically
C. many people have no manners
D. nonverbal behavior is not part of culture
Answer» B. personal space is controlled genetically
637.

People who are suddenly thrust in a situation for which they know no precedent are vulnerable to_______________?

A. criminal behavior
B. normative behavior
C. collective behavior
D. social behavior
Answer» D. social behavior
638.

People who suffer from status inconsistency__________________?

A. usually do not worry about it
B. tend to suffer more frustration and dissatisfaction than those whose status is consistent
C. work hard to accumulate wealth to make up for it
D. willingly accept a lower status in return for social recognition
Answer» C. work hard to accumulate wealth to make up for it
639.

People who are important in shaping your self-concept and whose approval you wish to have are_____________?

A. significant others
B. generalized others
C. the l and the me
D. the ego and the superego
Answer» B. generalized others
640.

People often accept social control based on________________?

A. positive sanctions
B. negative sanctions
C. harsh rules
D. violence
Answer» B. negative sanctions
641.

People manipulate the social world which helps them to______________?

A. change the nature of the physical environment
B. adapt to the environment
C. take over the environment
D. regulate the environment
Answer» C. take over the environment
642.

Participants in the market system________________?

A. are totally free to pursue their goals
B. are affected by prices and incomes
C. try to maximize their worth
D. try to maximize their labor
Answer» C. try to maximize their worth
643.

Participant observation_________________?

A. is exclusively used by anthropologists
B. requires the researcher to disguise his or her identity
C. involves experimental controls
D. may compromise the objectivity of the researcher
Answer» E.
644.

Overpopulation is a problem worldwide but only in relation to________________?

A. demography
B. poor contraception
C. population density
D. political organization
Answer» B. poor contraception
645.

Overpopulation can result in________________?

A. higher literacy
B. environmental damage
C. price stability
D. increased public services
Answer» C. price stability
646.

Our type of society fosters______________?

A. a sense of calm
B. love of all humans
C. anxiety
D. none of the above
Answer» D. none of the above
647.

Organization differ from institutions in that________________?

A. one cannot join an institution
B. only a few organizations last long enough to become institutions
C. institutions are organizations in which people no longer discuss the basis of the rules
D. all of the above
Answer» B. only a few organizations last long enough to become institutions
648.

Open stratification systems are associated with__________________?

A. industrialization
B. agriculture
C. pastoralism
D. hunter-gatherers
Answer» B. agriculture
649.

Open Market Operations occur when the government ?

A. Reduces the interest rate
B. Buys and sells bonds and securities
C. Increases taxation
D. Increase the exchange rate
Answer» D. Increase the exchange rate
650.

One of the side effects of advertising is that it________________?

A. supplies the real needs of people
B. creates artificial demands
C. helps the wealthy get richer
D. none of the above
Answer» C. helps the wealthy get richer