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.
| 851. |
If the Keynesian consumption function is C = 10 + 0.8 Td when disposable income is Rs1000 the marginal propensity to consume is what ? |
| A. | 0.8 |
| B. | 800 |
| C. | 810 |
| D. | 0.81 |
| Answer» E. | |
| 852. |
If the Keynesian consumption function is C = 10 + 0.8 Td when disposable income is Rs1000 total consumption is what ? |
| A. | 0.8 |
| B. | 800 |
| C. | 810 |
| D. | 0.81 |
| Answer» B. 800 | |
| 853. |
If the Keynesian consumption function is C = 10 + 0.8 Td when disposable income is Rs1000 the average propensity to consume is what ? |
| A. | 0.8 |
| B. | 800 |
| C. | 810 |
| D. | 0.81 |
| Answer» D. 0.81 | |
| 854. |
If the GNP increases by 8% and prices increase by 3% the actual growth rate is_______________? |
| A. | 11% |
| B. | 5% |
| C. | 8% |
| D. | 3% |
| Answer» C. 8% | |
| 855. |
If the daughter of a factory worker wants to become the president of the company for which her father works we may assume that______________? |
| A. | she has a different reference group than her social class would indicate |
| B. | her father has special connections to the boss |
| C. | the daughter likes to daydream |
| D. | she has been reading too many yuppie biographies |
| Answer» B. her father has special connections to the boss | |
| 856. |
If population growth in the underdeveloped nations continues unabated in 2050 world population will be______________? |
| A. | 6 billion |
| B. | 8 billion |
| C. | 10 billion |
| D. | 30 billion |
| Answer» D. 30 billion | |
| 857. |
If marginal revenue equals marginal cost ? |
| A. | No profit is being made |
| B. | Total revenue equals total cost |
| C. | Profits are maximised |
| D. | Producing another unit would increase profits |
| Answer» D. Producing another unit would increase profits | |
| 858. |
If marginal product is below average product ? |
| A. | The total product will fall |
| B. | The average product will fall |
| C. | Average variable cost will fall |
| D. | Total revenue will fall |
| Answer» C. Average variable cost will fall | |
| 859. |
If marginal cost is positive and falling ? |
| A. | Total cost is falling |
| B. | Total cost is increasing at a falling rate |
| C. | Total cost is falling at a falling rate |
| D. | Total cost is increasing at an increasing rate |
| Answer» C. Total cost is falling at a falling rate | |
| 860. |
If labour productivity per week is 200 units and there are 5 employees what is the total output ? |
| A. | 40 units |
| B. | 195 units |
| C. | 1000 units |
| D. | 200 units |
| Answer» B. 195 units | |
| 861. |
If injections are less than withdrawals at the full-employment level of national income, there is ? |
| A. | an inflationary gap |
| B. | hysteresis |
| C. | A deflationary gap |
| D. | hyperinflation |
| Answer» D. hyperinflation | |
| 862. |
If injections are greater than withdrawals ? |
| A. | National income will increase |
| B. | National income will decrease |
| C. | National income will stay in equilibrium |
| D. | Price will fall |
| Answer» B. National income will decrease | |
| 863. |
If firms earn normal profits ? |
| A. | They will aim to leave the industry |
| B. | Other firms will join the industry |
| C. | The revenue equal total costs |
| D. | No profit is made is accounting terms |
| Answer» D. No profit is made is accounting terms | |
| 864. |
If culture is comparable to a script for a play then______________? |
| A. | individuals may be compared to playwrights |
| B. | the economy may be compared to the director |
| C. | society may be compared to a troupe of actors |
| D. | social scientists may be compared to stage hands |
| Answer» D. social scientists may be compared to stage hands | |
| 865. |
If an increase in investment leads to a bigger increase in national income this called the ? |
| A. | Accelerator |
| B. | Aggregate demand |
| C. | Monetarism |
| D. | Multiplier |
| Answer» C. Monetarism | |
| 866. |
If an economy moves from producing 10 units of A and 4 units of B to producing 7 As and 5Bs The opportunity cost of the 5th B is ? |
| A. | 7As |
| B. | 10As |
| C. | 3As |
| D. | 1A |
| Answer» D. 1A | |
| 867. |
If an economy is productively efficient ? |
| A. | Everyone is wealthy |
| B. | Resources are unemployed |
| C. | More of one product can only be produced if less of another product is produced |
| D. | The distribution of income is eqal |
| Answer» D. The distribution of income is eqal | |
| 868. |
If a janitor got a job as a security guard because it was closer to home he would be experiencing_______________? |
| A. | horizontal mobility |
| B. | vertical mobility |
| C. | intragenerational mobility |
| D. | inter structural mobility |
| Answer» B. vertical mobility | |
| 869. |
If a broad spectrum of the population is surveyed at a given time the study is called______________? |
| A. | longitudinal |
| B. | inferential |
| C. | descriptive |
| D. | cross sectional |
| Answer» E. | |
| 870. |
Ideology________________? |
| A. | explains why things are as they are |
| B. | underlie all social movements |
| C. | underlie all governments |
| D. | all of the above |
| Answer» C. underlie all governments | |
| 871. |
Ideologies____________? |
| A. | direct people to act in a certain way |
| B. | never distort the truth |
| C. | always abhor fanaticism |
| D. | refer to the study of ideas |
| Answer» B. never distort the truth | |
| 872. |
Ideologies___________________? |
| A. | direct people to act in a certain way |
| B. | never distort the truth |
| C. | always abhor fanaticism |
| D. | refer to the study of ideas |
| Answer» B. never distort the truth | |
| 873. |
Ideologies_______________? |
| A. | underlie all social movements |
| B. | do not underlie all political movements |
| C. | underlie only political movements |
| D. | underlie only revolutionary movements |
| Answer» B. do not underlie all political movements | |
| 874. |
ideologies tend to arise during periods of_____________? |
| A. | prosperity |
| B. | crisis |
| C. | natural disasters |
| D. | conversations among intellectuals |
| Answer» C. natural disasters | |
| 875. |
ideologies may be______________? |
| A. | partial |
| B. | comprehensive |
| C. | abstract |
| D. | all of the above |
| Answer» E. | |
| 876. |
ideologies may be described as_______________? |
| A. | simplified world views |
| B. | complex explanations of the world |
| C. | rejecting action |
| D. | none of the above |
| Answer» B. complex explanations of the world | |
| 877. |
Identification theory is based on the ideas of______________? |
| A. | Freud |
| B. | Cooley |
| C. | Mead |
| D. | Erikson |
| Answer» B. Cooley | |
| 878. |
Hunger thirst and the need for sex are________________? |
| A. | instincts |
| B. | conditioned responses |
| C. | biological drives |
| D. | stimuli |
| Answer» D. stimuli | |
| 879. |
Humans depend on others for full development and generally live in groups They are________________? |
| A. | cultural |
| B. | social |
| C. | intelligent |
| D. | symbolic |
| Answer» C. intelligent | |
| 880. |
“Humanity “is__________________? |
| A. | an aggregate |
| B. | a group |
| C. | a category |
| D. | all of the above |
| Answer» D. all of the above | |
| 881. |
Human life is acted out within a triangle of_______________? |
| A. | rules roles and norms |
| B. | society culture and the individual |
| C. | income safety and deference |
| D. | class status and power |
| Answer» C. income safety and deference | |
| 882. |
Human races reflect_______________? |
| A. | pure stock |
| B. | differences in intelligence |
| C. | primarily differences in language |
| D. | mixtures of several populations |
| Answer» E. | |
| 883. |
Human infants in order to become successful adults need______________? |
| A. | learning |
| B. | social interaction |
| C. | body contact |
| D. | all of the above |
| Answer» E. | |
| 884. |
Human beings are born into a social world that is_______________? |
| A. | not of their own making |
| B. | newly created in each generation |
| C. | the result of cultural development over previous generation |
| D. | totally beyond their control |
| Answer» D. totally beyond their control | |
| 885. |
Howard Becker,s term for the process whereby individuals are accused sermonized and punished is_______________? |
| A. | primary deviance |
| B. | secondary deviance |
| C. | tertiary deviance |
| D. | labeling |
| Answer» E. | |
| 886. |
How are presidential programs funded ? |
| A. | By foreign nations |
| B. | By government investments |
| C. | By Congress |
| D. | By withdrawals from the Treasury Department |
| Answer» D. By withdrawals from the Treasury Department | |
| 887. |
How are decisions about production made in a market economy ? |
| A. | By a command system |
| B. | According to tradition |
| C. | Through a price system |
| D. | By executive fiat |
| Answer» D. By executive fiat | |
| 888. |
Homosexuality________________? |
| A. | is a product of the sexual revolution of the 1960s? |
| B. | is a sin against nature? |
| C. | has been known to exist throughout history |
| D. | is a way of curbing population? |
| Answer» D. is a way of curbing population? | |
| 889. |
Hitler led the German people by emotional speeches He derived his authority from________________? |
| A. | God |
| B. | the law |
| C. | the Bible |
| D. | personal charisma |
| Answer» E. | |
| 890. |
History is often NOT considered a social science because_______________? |
| A. | its primary concern is to record events of the past |
| B. | historians do not use computers |
| C. | it does not study people |
| D. | it is not based on evidence |
| Answer» B. historians do not use computers | |
| 891. |
Historically nations are impacted by_______________? |
| A. | change in the distribution of power |
| B. | technological progress |
| C. | climactic changes from the ice age to global heating |
| D. | BOTH fluctuations in the distribution of power and technological progress |
| Answer» E. | |
| 892. |
“Head hunting is wrong “This statement is made from the point of view of______________? |
| A. | ethnocentrism |
| B. | cultural relativity |
| C. | ethnic uniformity |
| D. | cultural pride |
| Answer» B. cultural relativity | |
| 893. |
“Hard “money is_________________? |
| A. | money actually tendered to campaigns |
| B. | cash rather than checks or notes |
| C. | money given during the campaign |
| D. | none of the above |
| Answer» E. | |
| 894. |
Group marriage ________________? |
| A. | is widespread in several societies |
| B. | is practiced among Australian aborigines |
| C. | has been a consistent feature in Western societies |
| D. | has never been consistently or extensively practiced |
| Answer» E. | |
| 895. |
Government____________? |
| A. | is a pivotal institution |
| B. | is the acting arm of the state |
| C. | includes the political process |
| D. | all of the above |
| Answer» E. | |
| 896. |
Government is characterized by a(n)_______________? |
| A. | pattern of statuses and roles |
| B. | system of norms and values |
| C. | system to deal with order and defense |
| D. | all of the above |
| Answer» E. | |
| 897. |
Government based on the rule of either the landed gentry the educated and privileged or the hereditary nobility is called_______________? |
| A. | aristocracy |
| B. | oligarchy |
| C. | republicanism |
| D. | democracy |
| Answer» B. oligarchy | |
| 898. |
Globalism___________________? |
| A. | is a movement aimed at pulling African nations into a world economy? |
| B. | refers to the fact that capitalism has become the economic system of choice around the world |
| C. | attracts young idealistic people who want to introduce a world government |
| D. | is a movement of religious zealots who want to introduce a common religion around the world? |
| Answer» C. attracts young idealistic people who want to introduce a world government | |
| 899. |
Global inequality is evident in_______________? |
| A. | the size of families |
| B. | per capita |
| C. | the items rich countries throw out |
| D. | all of the above |
| Answer» E. | |
| 900. |
Gestalt psychology looks at__________________? |
| A. | separate items of personality |
| B. | behavior as whole |
| C. | instincts |
| D. | physical appearance |
| Answer» C. instincts | |