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.

701.

Material objects found in nature are called_______________?

A. land
B. capital
C. labor
D. time
Answer» B. capital
702.

Material culture________________?

A. has no relation to symbols?
B. illustrates the evolution of tools and includes all objects made by humans
C. is of limited importance to humans
D. none of the above
Answer» C. is of limited importance to humans
703.

Master status refers to________________?

A. the attainment of recognized excellence
B. a dominant position in a relationship
C. the most widely recognized among several positions
D. the position from which all other positions are derived
Answer» D. the position from which all other positions are derived
704.

Marx,s view of social class is that______________?

A. private ownership of the means of production perpetuates class divisions
B. talented people will always rise to the top
C. religion helps fight social inequality
D. the bourgeoisie will eventually triumph
Answer» B. talented people will always rise to the top
705.

Marxists are most interested in_______________?

A. nationalistic revolutionary movements
B. class revolutionary movements
C. coups d,etat
D. guerrilla fighting
Answer» C. coups d,etat
706.

Marx regarded religion as______________?

A. a deliberate hoax on the part of dominant classes
B. alienating on both personal and social levels
C. an opiate
D. all of the above
Answer» E.
707.

Marx believed that the state would vanish when_____________?

A. the elite would work toward the good of the masses
B. the lion would lie down with the lamb
C. social classes ceased to exist
D. all societies became capitalist
Answer» D. all societies became capitalist
708.

Marx believed religion was used to_______________?

A. help people improve their lives
B. support the exploitation of the masses
C. deal with reality
D. attain immortality
Answer» C. deal with reality
709.

Martin Luther king,s status was based on his_____________?

A. wealth
B. property
C. social influence
D. color
Answer» D. color
710.

Marrying someone with similar traits is called_______________?

A. homogamy
B. heterogamy
C. exogamy
D. hypogamy
Answer» B. heterogamy
711.

Marriage is_________________?

A. any union of males and females
B. a union recognized as legal by a society
C. always monogamous
D. always endogamous
Answer» C. always monogamous
712.

Many listeners to a 1938 science fiction radio program believed that Martians were really invading the Earth They fled into the streets in panic We would call their behavior______________?

A. fashion
B. rational legal behavior
C. fantasy
D. none of the above
Answer» E.
713.

Manipulation of taxation and spending levels is______________?

A. fiscal policy
B. monetary policy
C. incomes
D. revenue policy
Answer» B. monetary policy
714.

Malthus suggested the following as means of birth control________________?

A. late marriage
B. abstinence
C. celibacy
D. all of the above
Answer» E.
715.

Males______________?

A. have a lower birthrate than females
B. live longer than females
C. are more prone to aggressiveness than females
D. are less likely to die violently
Answer» D. are less likely to die violently
716.

Males are conceived with which of the following chromosome configurations ?

A. XY
B. XX
C. XXX
D. YYY
Answer» B. XX
717.

Male dominance is expressed_____________________?

A. in spite of ours being an egalitarian society
B. by the frequent instances of sexual harassment on the job
C. for the lack of wage parity
D. all of the above
Answer» E.
718.

Maintaining full employment stabilizing the economy and pursuing economic growth are issues analyzed in the context of_______________?

A. super economics
B. microeconomics
C. microeconomics
D. hyper economics
Answer» D. hyper economics
719.

Maintaining a group’s distinctive customs and identity is called______________?

A. cultural decline
B. cultural pluralism
C. cultural complex
D. cultural trait
Answer» C. cultural complex
720.

Lower interest rates are likely to ?

A. Decrease consumption
B. increase cost of borrowing
C. Encourage saving
D. Increase spending
Answer» C. Encourage saving
721.

Love of money peace and God are American ?

A. Norms
B. folkways
C. values
D. mores
Answer» D. mores
722.

Like Freud Erik Erikson maintains that_______________?

A. there are five psycho sexual stages
B. the personality is fixed by age five
C. psychoanalysis including dream analysis is the only way to overcome personality problems
D. none of the above
Answer» E.
723.

Life expectancy is____________________?

A. about the same across social classes
B. lower for the upper-middle class
C. lower for the lower classes
D. lower for the middle class
Answer» B. lower for the upper-middle class
724.

Liberals and conservatives agree to some extent that economic goals should include________________?

A. full employment
B. price stability
C. adequate economic growth
D. all of the above
Answer» E.
725.

Liberation theory is______________?

A. another name for atheism
B. a fusion of Christianity and Marxism
C. a doctrine of personal transcendence
D. a branch of Roman Catholicism
Answer» C. a doctrine of personal transcendence
726.

Legal-rational authority is characteristic of________________?

A. homogeneous societies
B. traditional agrarian societies
C. urban industrial developed societies
D. totalitarian societies
Answer» D. totalitarian societies
727.

Legal-rational authority tends to be characteristic of_________________?

A. homogeneous single-culture societies
B. heterogeneous multicultural societies
C. simple agrarian societies
D. Central A Pakistan society
Answer» C. simple agrarian societies
728.

Lean production________________?

A. combines the best features of craft and mass production
B. has as its goal perfection
C. pushes responsibility down the organizational ladder
D. All of the above
Answer» E.
729.

Laws are_______________?

A. informal norms
B. formal norms enforced by the state
C. casual folkways
D. less important than folkways
Answer» C. casual folkways
730.

Lawrence Kohlberg,s theory of moral development claims______________?

A. universal validity
B. limited applicability to technologically advanced societies
C. the desire for equality is peculiar to democratic nations
D. post conventional morality is a luxury few cultures and societies can afford
Answer» B. limited applicability to technologically advanced societies
731.

Latino neighborhoods have prospered because________________?

A. Latinos have a strong sense of community
B. they are well organized politically
C. they try to use English instead of their native Spanish
D. they have a common culture
Answer» B. they are well organized politically
732.

Latent functions of schools include_________?

A. maintaining the class system
B. encouraging social mobility
C. promoting nationalism
D. allowing the formation of a subculture and keeping children in school for a period of time
Answer» E.
733.

Latent functions of government include_______________?

A. public education
B. health care
C. the rise of administrative elites
D. war
Answer» D. war
734.

Language gestures and music are________________?

A. symbol systems
B. cultural traits
C. normative systems
D. human values
Answer» B. cultural traits
735.

Language____________?

A. helps humans to cooperate
B. passes on knowledge from generation to generation
C. reflects changes in society
D. all of the above
Answer» E.
736.

Land labor capital and entrepreneurship are called__________________?

A. raw materials
B. impetus to upward mobility
C. factors of production
D. external devices
Answer» D. external devices
737.

Land labor capital and entrepreneurship ?

A. must be combined in the production of goods and service
B. must be used separately to produce goods and service
C. have no function in the production of goods and service
D. create a balance between humans and their environment
Answer» B. must be used separately to produce goods and service
738.

“Laissez-faire” is a policy that appeals to_______________?

A. political liberals
B. political independents
C. political conservatives
D. political freethinkers
Answer» D. political freethinkers
739.

“Laissez-faire”______________?

A. is the rallying cry of the Women Liberation Movement?
B. was Karl Marx’s exhortation to the workers of the world
C. is the French expression Adam Smith used to mean that government should keep its hands off the economy?
D. is the economic theory introduced to the U.S by Keynes?
Answer» D. is the economic theory introduced to the U.S by Keynes?
740.

Labour Productivity measures ?

A. The output per worker
B. The output per machine
C. Total output
D. Marginal output
Answer» E.
741.

Labeling theory has been criticized because_________________?

A. an undiscovered teller who steals from his bank is still a deviant
B. it does not take biology into consideration
C. it discounts the power of anomie
D. it is necessary to be realistic about people’s behavior
Answer» B. it does not take biology into consideration
742.

Kohlberg,s three stages of moral development are_______________?

A. conventional post conventional and legal-rational
B. pre-conventional authoritarian and post-conventional
C. pre-conventional conventional and post-conventional
D. charismatic traditional and legal-rational
Answer» D. charismatic traditional and legal-rational
743.

Knowing the workings of a car engine represents which kind of knowledge ?

A. normative
B. cognitive
C. rule oriented
D. value oriented
Answer» C. rule oriented
744.

Kinsey maintained that______________?

A. sexuality exists on a continuum
B. one is either a heterosexual or a homosexual
C. bisexuals lack specific hormones
D. people should have sex-change operations if they felt they were the wrong sex
Answer» B. one is either a heterosexual or a homosexual
745.

Keynes suggested that decisions to consume and save were based on ?

A. previous decisions
B. absolute income
C. relative income
D. permanent income
Answer» C. relative income
746.

Judicial review by the Supreme Court is based on____________?

A. explicit statements in the Constitution
B. the Marbury v Madison decision
C. an act of Congress
D. the First Amendment to the Constitution
Answer» C. an act of Congress
747.

Japan’s lean production method is modeled on a system worked out at_______________?

A. Nissan Motors
B. Mazda Motors
C. Toyota Motors
D. Mitsubishi Motors
Answer» D. Mitsubishi Motors
748.

Italy has had many changes in political leadership since World War II However economic and legal specialists keep the nation going We would call their authority_______________?

A. legal-rational
B. charismatic
C. traditional
D. irrational
Answer» B. charismatic
749.

It may be said that the three branches of government________________?

A. are absolutely separated from one another
B. undergo checks and balances among one another
C. are integrated into a cohesive unit
D. make for speedy decision making
Answer» C. are integrated into a cohesive unit
750.

It is true that_____________?

A. formal organizations are the same as institution
B. formal organizations are based on groups of people
C. institutions are groups of people
D. institutions are voluntary
Answer» C. institutions are groups of people