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.

751.

It is true of the population of the United States that_________________?

A. it is getting older
B. there are more women than men
C. rural and sunbelt areas attract only the young
D. it is BOTH older and more female
Answer» E.
752.

It is true that the differences among the social sciences ?

A. are differences of vantage point
B. are a matter of stress?
C. consist of the examination of various facets of a social universe
D. all of the above
Answer» E.
753.

It is true of science that_______________?

A. it is body of knowledge organized in a logical manner
B. it is not concerned with the method of acquiring knowledge
C. id does not include the method of investigation
D. its content is more important than its method
Answer» B. it is not concerned with the method of acquiring knowledge
754.

It is true of divorce rates that_______________?

A. they increased dramatically with industrialization
B. they are highest in the Untied States
C. they have stabilized at 3.6 per 1000 marriages
D. all of the above are true
Answer» E.
755.

It is the function of Congress to_______________?

A. vote funds for conducting foreign affairs
B. conduct foreign affairs
C. unanimously approve treaties
D. decide the constitutionality of specific laws
Answer» B. conduct foreign affairs
756.

It is most accurate to say that_____________?

A. the global social system closely resembles a social system closely resembles a social system
B. the global social system differs considerably from a societal social system
C. a global social system does not exist
D. there exists consensus on values on a global level
Answer» C. a global social system does not exist
757.

It is fairly certain that male and female brains________________?

A. are functionally identical
B. differ in left-right communication
C. distribute sensory functions differently
D. differ in size weight and capacity
Answer» C. distribute sensory functions differently
758.

It is correct to say that__________________?

A. change is only a recent situation
B. the more things change the more they remain the same
C. the rate of change has increased in recent years
D. change has been the downfall of societies
Answer» D. change has been the downfall of societies
759.

It has been found that disengagement is usually________________?

A. very voluntary
B. never forced
C. often forced
D. rarely enforced
Answer» D. rarely enforced
760.

Islam was established_________________?

A. about the time of Moses
B. around the time of the apostle Paul
C. well after the founding of either Judaism or Christianity
D. 400 years before the birth of Jesus Christ
Answer» D. 400 years before the birth of Jesus Christ
761.

Investment is ?

A. An injection that increases aggregate demand
B. A withdrawal that increase aggregate demand
C. An injection that decreases aggregate demand
D. A withdrawal that decrease aggregate
Answer» E.
762.

Investment is a unstable element of aggregate demand because it depends heavily on ?

A. Government policy
B. Expectations
C. National income
D. Historic trends
Answer» B. Expectations
763.

Investment depends mainly on ?

A. Past levels of income
B. Future expected profits
C. Present national income levels
D. Historic data
Answer» D. Historic data
764.

Intuition authority tradition and common sense ?

A. have been totally replaced the scientific method
B. are all equally valid tools of inquiry
C. are still used as tools of inquiry
D. are just as exact as the scientific method
Answer» D. are just as exact as the scientific method
765.

international relations include________________?

A. public but not private diplomacy
B. legal but not illegal or “black market” trade
C. declared but not undeclared wars
D. all of the above
Answer» C. declared but not undeclared wars
766.

Interest groups may be defined as__________________?

A. groups of people interested in specific legislation
B. groups of people who want to enter politics
C. wealthy and civicminded people with excessive leisure time.
D. coalitions of individuals with similar attitudes and interests who attempt to influence public policy
Answer» E.
767.

Interest groups have the following traits They_______________?

A. present official candidates to the electorate
B. have the goal of complete control of the government
C. put their names on ballots
D. are only accountable to themselves
Answer» E.
768.

Institution are_________________?

A. unimportant
B. found among all animals
C. traditional habits centering around fundamental human needs
D. places like schools and banks
Answer» D. places like schools and banks
769.

Injections ?

A. Decrease aggregate demand
B. Always equal savings
C. Always equal national income
D. include investment and export spending
Answer» D. include investment and export spending
770.

Injections are?

A. Assumed to be exogenous
B. Assumed to be a function of national income
C. Decrease aggregate demand
D. Decrease the investment into an economy
Answer» E.
771.

Inflation results when_________________?

A. demand exceeds supply
B. supply exceed demand
C. there is control of purchasing power
D. consumers have no purchasing power
Answer» B. supply exceed demand
772.

Inequality has been explained as______________?

A. being part of the law of nature
B. resulting from the struggle for goods and services in a society
C. serving the needs of society
D. all of the above
Answer» E.
773.

Industrialization was accompanied by_______________?

A. creation of a middle class
B. dehumanization and commodification of labor
C. continued accumulation and reinvestment of capital
D. All of the above
Answer» E.
774.

Industrial societies are based on____________?

A. kinship
B. primary ties
C. machines for production
D. smokestacks
Answer» D. smokestacks
775.

Industrial Revolution__________________?

A. eliminated social classes
B. made all social classes equal
C. created a class of industrial workers
D. none of the above
Answer» D. none of the above
776.

Individuals who become inmates of a total institution undergo the process of______________?

A. anomie
B. socialization
C. desocialization
D. resocialization
Answer» C. desocialization
777.

individuals who hold lesser positions and make less money than their parents are displaying_____________?

A. status inconsistency
B. horizontal mobility
C. intragenerational mobility
D. intergenerational mobility
Answer» E.
778.

Index crimes include all but one of the following_______________?

A. manslaughter
B. robbery
C. moving traffic violation
D. aggravated assault
Answer» D. aggravated assault
779.

Income received by households that is not returned to firms is called_______________?

A. dissaving’s
B. withdrawals
C. incremental
D. injections
Answer» C. incremental
780.

Income received by firms from sources other than households is called_________________?

A. incremental
B. windfalls
C. injections
D. incidentals
Answer» D. incidentals
781.

Income received by firms that is not returned to households or other firms is called________________?

A. savings
B. withdrawals
C. unbalanced exchange
D. exchange flow
Answer» C. unbalanced exchange
782.

Income distribution according to productive contribution is____________?

A. efficient but inequitable
B. inefficient but equitable
C. efficient and equitable
D. a tenet of communism
Answer» B. inefficient but equitable
783.

In Which of the business cycle do firms try to cut stocks in order to save costs ?

A. The upturn
B. The peeking out
C. The expansion
D. The recession
Answer» E.
784.

In Third World countries the factors that discourage birth control include________________?

A. traditional values
B. government subsidies for large families
C. low infant mortality
D. women’s rights
Answer» B. government subsidies for large families
785.

In theory communism calls for______________?

A. abolition of private property
B. military expansionism
C. the creation of a new ruling class
D. intense nationalism
Answer» B. military expansionism
786.

In the U.S the military is________________?

A. subordinate to the government
B. a provision of government
C. synonymous with government
D. the basis of legitimate government
Answer» B. a provision of government
787.

In the United States___________________?

A. values norms and beliefs are always in agreement
B. values norms and beliefs are unimportant
C. values norms and beliefs are often in conflict
D. people value and believe what they please because its a free country
Answer» D. people value and believe what they please because its a free country
788.

In the United States an example of a taboo is_______________?

A. making money
B. marrying sister
C. gambling
D. climbing Mt Rushmore
Answer» C. gambling
789.

In the United States a sense of national identity ?

A. never developed
B. was first based on a common ethnicity and language
C. was later reinforced by the notion of “specialness”
D. only B and C
Answer» E.
790.

In the United States a college degree is generally associated with_____________?

A. achieved status
B. ascribed status
C. no status
D. castes
Answer» B. ascribed status
791.

In the social sciences discrimination as a concept means_________________?

A. having good taste in art and music
B. actions taken as a result of prejudicial feelings
C. ability to discern the direction of social relations
D. the physical ability to see in the dark
Answer» C. ability to discern the direction of social relations
792.

In the short term a firm will produce provided the revenue ?

A. covers fixed costs
B. covers variable costs
C. covers total costs
D. covers revenue
Answer» C. covers total costs
793.

In the present national power is based on________________?

A. size and resources
B. location and population
C. political ideology and wealth
D. specific combinations of attributes
Answer» E.
794.

In the perspective of realism “high politics” refers to________________?

A. cultural interaction
B. issues of war and security
C. social and economic issues
D. diplomatic relations
Answer» C. social and economic issues
795.

In the metaphor of the “looking-glass self “the looking glass represents ?

A. the expressed judgment of one,s peers
B. the imagined judgments of others
C. the persons self-feeling such as pride
D. all of the above
Answer» C. the persons self-feeling such as pride
796.

In the long term a firm will produce provided the revenue covers ?

A. Fixed costs
B. Variable costs
C. Total costs
D. Revenue
Answer» D. Revenue
797.

In the equation C = a + bY, which describes the aggregate consumption function ‘b’ stands for ?

A. The marginal propensity to consume.
B. The amount of income when consumption is zero
C. The average consumption level
D. The amount of consumption when income is zero
Answer» B. The amount of income when consumption is zero
798.

In the case of the male twin castrated during circumcision________________?

A. he was content living as a female
B. he behaved as a little girl once he was given female hormones
C. in spite of attempted socialization as a female he was unhappy in his gender
D. his case proves that nurture is stronger than nature
Answer» D. his case proves that nurture is stronger than nature
799.

In the American political system_____________?

A. everyone participates in the political process
B. real equality for everyone is a fact
C. there is no ruling elite
D. members of Congress and their constituents generally do not know much about what the other thinks
Answer» E.
800.

In the 1960s some young people_______________?

A. decided to return to the traditional forms of family
B. saw the family as an oppressive institution
C. preferred to live in communes
D. chose to cohabit rather than marry
Answer» C. preferred to live in communes