MCQOPTIONS
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MCQOPTIONS
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.
| 801. |
In stratified societies categories of people are ranked by________________? |
| A. | food is hoarded by a few |
| B. | food is shared by all |
| C. | hunting lacks prestige |
| D. | none of the above |
| Answer» C. hunting lacks prestige | |
| 802. |
In stratified societies categories of people are ranked by______________? |
| A. | wealth |
| B. | power |
| C. | prestige |
| D. | all of these |
| Answer» C. prestige | |
| 803. |
In some cultures a women a can have several husbands at one time. This custom is called____________? |
| A. | lunacy |
| B. | polyandry |
| C. | polygyny |
| D. | serial marriage |
| Answer» D. serial marriage | |
| 804. |
In sociological studies of race and ethnic relations_______________? |
| A. | minority refers to the smaller group |
| B. | minority refers to an oppressed group |
| C. | majority represents the group in power because of its large numbers |
| D. | minorities are described on the basis of biology |
| Answer» C. majority represents the group in power because of its large numbers | |
| 805. |
In rural Pakistan a person must marry within his or her caste This custom is called______________? |
| A. | exogamy |
| B. | endogamy |
| C. | polygamy |
| D. | purdah |
| Answer» C. polygamy | |
| 806. |
In regard to public and political opinion_________________? |
| A. | they are the same |
| B. | public opinion is limited to few issues |
| C. | political opinion deals with all matters |
| D. | political opinion is all opinions expressed on political issues |
| Answer» E. | |
| 807. |
In recent years there was an awakening of ethnic identity among the following groups__________________? |
| A. | African Americans |
| B. | Hispanics |
| C. | Native Americans |
| D. | all of the above |
| Answer» E. | |
| 808. |
In Price discrimination abnormal profits are made if ? |
| A. | Average revenue is greater than average variable cost |
| B. | Average revenue is greater than average cost |
| C. | Average revenue is greater than marginal revenue |
| D. | Average revenue is greater than average fixed cost |
| Answer» D. Average revenue is greater than average fixed cost | |
| 809. |
In preindustrial societies education was intended for_______________? |
| A. | the masses |
| B. | a small elite |
| C. | productive persons |
| D. | the obviously intelligent |
| Answer» C. productive persons | |
| 810. |
In perfect price discrimination ? |
| A. | The demand curve is the marginal cost curve |
| B. | The average revenue equals the average cost |
| C. | The marginal cost is the average cost curve |
| D. | The demand curve is the marginal revenue |
| Answer» C. The marginal cost is the average cost curve | |
| 811. |
In order to raise the GNP and the GDP per capita one must____________? |
| A. | earn more money |
| B. | increase productivity |
| C. | increase absenteeism |
| D. | decrease productivity |
| Answer» C. increase absenteeism | |
| 812. |
In order for power to be legitimate a government must have_____________? |
| A. | the ability to coerce agreement |
| B. | legitimate authority |
| C. | a charismatic leader |
| D. | a strong army |
| Answer» C. a charismatic leader | |
| 813. |
In one sense of the term everyone is ethnocentric This is because______________? |
| A. | it is virtually impossible not to view people and situations in terms of some of the norms and categories derived from one,s own cultural experiences |
| B. | people are intolerant by nature |
| C. | people are afraid and distrustful of strangers |
| D. | it is impossible to understand another culture or subculture without having been raised in it |
| Answer» B. people are intolerant by nature | |
| 814. |
In most societies ownership of property takes one of three forms________________? |
| A. | restricted guarded and private |
| B. | esthetic visible tangible |
| C. | communal private public |
| D. | ambiguous hermetic contraceptive |
| Answer» D. ambiguous hermetic contraceptive | |
| 815. |
In most societies male dominance is evident through ? |
| A. | the differences is pay for the same job |
| B. | the small number of legislators who are women |
| C. | the sexual harassment situations in the military and other work places |
| D. | all of the above |
| Answer» E. | |
| 816. |
In modern society death has acquired to some extent a sense of_____________? |
| A. | meaninglessness |
| B. | ordinariness |
| C. | unnaturalness |
| D. | appropriateness |
| Answer» D. appropriateness | |
| 817. |
In microeconomics the household is defined as_______________? |
| A. | the nuclear family |
| B. | the extended family |
| C. | everyone who lives under one roof |
| D. | all of the above |
| Answer» D. all of the above | |
| 818. |
In Melanesia “mana”is________________? |
| A. | the power of good over evil |
| B. | the power of evil over good |
| C. | a power that is neither good nor evil |
| D. | the food miraculously given to the escaped slaves in the wilderness |
| Answer» D. the food miraculously given to the escaped slaves in the wilderness | |
| 819. |
In many societies’ cannibalism is______________? |
| A. | mores |
| B. | a cultural trait |
| C. | a taboo |
| D. | a cultural complex |
| Answer» D. a cultural complex | |
| 820. |
In macroeconomics, equilibrium is defined as that point at which ? |
| A. | aggregate output equals consumption minus investment |
| B. | saving equals consumption |
| C. | Planned aggregate expenditure equals aggregate output |
| D. | planned aggregate expenditure equals consumption |
| Answer» D. planned aggregate expenditure equals consumption | |
| 821. |
In industrial societies the social class most likely to participate in social movements is the__________? |
| A. | lower class |
| B. | upper class |
| C. | middle class |
| D. | all social classes equally |
| Answer» D. all social classes equally | |
| 822. |
In industrial societies consumption ? |
| A. | must always be limited |
| B. | maintains and fuels demand |
| C. | is not a factor |
| D. | is viewed unfavorably |
| Answer» C. is not a factor | |
| 823. |
In his book The Inevitability of Patriarchy Steven Goldberg asserts that_____________? |
| A. | matriarchal societies have never existed |
| B. | men perform the highest status non-maternal roles in all societies |
| C. | men dominate male-female relationships |
| D. | all of the above |
| Answer» E. | |
| 824. |
In essence people need government because________________? |
| A. | they live in groups and need a degree of order |
| B. | of their competitive nature |
| C. | they have not reached a sufficient amount of civilization to exist without it |
| D. | brute force is not sufficient keep them in line |
| Answer» B. of their competitive nature | |
| 825. |
In Erikson’s system each of the stages present the individual with________________? |
| A. | ethical dilemmas |
| B. | opportunities for self-transcendence |
| C. | crises of self-definition |
| D. | all of the above |
| Answer» D. all of the above | |
| 826. |
In education_______________? |
| A. | the family is unimportant |
| B. | the family is crucial to student success |
| C. | the social class of the family is unimportant |
| D. | smart students easily overcome the disinterest of the family |
| Answer» C. the social class of the family is unimportant | |
| 827. |
In economic terms incomes are distributed according to________________? |
| A. | a person’s marginal productivity |
| B. | whom one knows |
| C. | which skills one has |
| D. | innate talent |
| Answer» B. whom one knows | |
| 828. |
In economic growth it is important to consider________________? |
| A. | the quantity of capital and labor |
| B. | the quality of capital and labor |
| C. | the quality of the labor force |
| D. | all of the above |
| Answer» E. | |
| 829. |
In economic terms every action entail________________? |
| A. | fixed costs |
| B. | risk |
| C. | opportunity costs |
| D. | prime costs |
| Answer» D. prime costs | |
| 830. |
In developing nations cities are growing along with rural areas because_______________? |
| A. | of lower death rates |
| B. | of high birth rates |
| C. | cultural values encourage large families |
| D. | all of the above |
| Answer» E. | |
| 831. |
In defining social sciences which of the following phrases is the most appropriate? |
| A. | rules for behavior |
| B. | social philosophy |
| C. | systematic and methodical study |
| D. | study of individual behavior |
| Answer» D. study of individual behavior | |
| 832. |
In C.Wright Mill,s view what group constitutes an elite ? |
| A. | Church leaders and educators |
| B. | The corporate rich only |
| C. | High ranking military officers only |
| D. | The military-industrial-governmental complex |
| Answer» E. | |
| 833. |
In countries such as Iran and Iraq the Moslem religion is a(n)_______________? |
| A. | sect |
| B. | cult |
| C. | denomination |
| D. | ecclesia or universal church |
| Answer» E. | |
| 834. |
In contemporary market systems competition____________________? |
| A. | is quite strong |
| B. | is diluted by private and state monopolies |
| C. | does not exist |
| D. | has been replaced by planning |
| Answer» C. does not exist | |
| 835. |
In animism_______________? |
| A. | animals are worshipped as gods |
| B. | spirits are worshipped as disembodied humans |
| C. | spirits are thought to acquire various forms |
| D. | all of the above |
| Answer» E. | |
| 836. |
In an open or class society_________________? |
| A. | status is always achieved |
| B. | status is always ascribed |
| C. | status is both achieved and ascribed |
| D. | status has no importance |
| Answer» D. status has no importance | |
| 837. |
In Africa many children are_________________? |
| A. | symbols of disgrace |
| B. | social security for the future of the parents |
| C. | detested by non-Catholics |
| D. | sings of a good harvest |
| Answer» C. detested by non-Catholics | |
| 838. |
In a recession, GDP ? |
| A. | Grows negatively |
| B. | Grows slowly |
| C. | Grows by 0% |
| D. | Grows rapidly |
| Answer» D. Grows rapidly | |
| 839. |
In a free market the combination of products produced will be determined by ? |
| A. | Market forces of supply and demand |
| B. | The government |
| C. | The law |
| D. | The public Sector |
| Answer» B. The government | |
| 840. |
In a few cultures a women can have several husbands at one time This custom is called_________________? |
| A. | monogamy |
| B. | bigamy |
| C. | polyandry |
| D. | polygyny |
| Answer» D. polygyny | |
| 841. |
In a developing nation people start to obtain good jobs Then inflation cuts their income the people begin to feel_________________? |
| A. | relative deprivation |
| B. | a failure of rising expectations |
| C. | euphoria |
| D. | depression |
| Answer» C. euphoria | |
| 842. |
In a confederacy________________? |
| A. | powers not claimed by individual states are reserved by the national government |
| B. | there is no national government whatsoever |
| C. | power is centralized in a national government |
| D. | all political power ultimately belongs to the states |
| Answer» E. | |
| 843. |
illegal acts that are characterized by deceit concealment or violation of trust is the FBI,s definition of_______________? |
| A. | arson |
| B. | robbery |
| C. | white-collar crime |
| D. | organized crime |
| Answer» D. organized crime | |
| 844. |
If we add the numerical values of all our cases together and divide by the number of cases we get the_______________? |
| A. | median |
| B. | mode |
| C. | moot |
| D. | mean |
| Answer» E. | |
| 845. |
If the price is less than the average costs but higher than the average variable costs ? |
| A. | The firm is making a loss and will shutdown in the short term |
| B. | The firm is making a profile |
| C. | The firm is making a loss but will continue to produce in the short term |
| D. | The firm is making a loss and is making a negative contribution to fixed costs |
| Answer» D. The firm is making a loss and is making a negative contribution to fixed costs | |
| 846. |
If the price elasticity is -0.3 this means ? |
| A. | Demand is upward sloping |
| B. | Demand is price elastic |
| C. | A price fall would increase revenue |
| D. | Demand is price inelastic |
| Answer» B. Demand is price elastic | |
| 847. |
If the price elasticity of demand for a product in market A is -0.2 and in market B is -3 a price discriminator will charge ? |
| A. | The higher price in market A |
| B. | The higher price in market B |
| C. | The same Price in both markets |
| D. | Cannot tell which price will be higher |
| Answer» D. Cannot tell which price will be higher | |
| 848. |
If the marginal revenue is Positive ? |
| A. | Selling another unit will increase total revenue |
| B. | Selling another unit will increase profits |
| C. | Selling another unit will increase costs |
| D. | Selling another unit will increase average revenue |
| Answer» E. | |
| 849. |
If the marginal revenue is less than the marginal cost then to profit maximise a firm should ? |
| A. | Reduce output |
| B. | Increase output |
| C. | Leave output where it is: |
| D. | Increase costs |
| Answer» B. Increase output | |
| 850. |
If the marginal propensity to consume on domestic products is 0.9 the size of the multiplier is ? |
| A. | 10 |
| B. | 1 |
| C. | 9 |
| D. | 0.1 |
| Answer» E. | |