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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.
| 1151. |
Agents of socialization consist of_______________? |
| A. | instincts |
| B. | genes |
| C. | drives |
| D. | none of these |
| Answer» E. | |
| 1152. |
Ageism asserts that___________________? |
| A. | wisdom accompanies advancing age |
| B. | each stage of life has its own rewards |
| C. | the young are superior to the old |
| D. | life begins forty |
| Answer» D. life begins forty | |
| 1153. |
Advocates of the elitist approach believe that the ruling elite maintains its power by____________? |
| A. | physical force |
| B. | manipulation of the masses |
| C. | explaining the truth to the people |
| D. | none of the above |
| Answer» C. explaining the truth to the people | |
| 1154. |
Adult socialization typically_____________? |
| A. | occurs incidentally and unconsciously |
| B. | involves acquiring a self-image |
| C. | is less effective and easier to resist than childhood socialization |
| D. | all of the above |
| Answer» D. all of the above | |
| 1155. |
Admiration of power and intolerance of differences is linked to a_________________? |
| A. | Democratic personality |
| B. | unprejudiced personality |
| C. | authoritarian personality |
| D. | totalitarian personality |
| Answer» D. totalitarian personality | |
| 1156. |
Adequate growth of the economy refers to the goals of__________________? |
| A. | maintaining current standards of living in spite of increasing population |
| B. | increasing GNP per capita |
| C. | approximately 4% growth rate per year |
| D. | all of the above |
| Answer» E. | |
| 1157. |
Achieved status would be especially important in_______________? |
| A. | ancient Egypt |
| B. | 19th century India |
| C. | feudal Europe |
| D. | none of the above |
| Answer» E. | |
| 1158. |
According to the U.S Census Bureau a CMSA is defined as__________________? |
| A. | a relatively large dense permanent settlement of heterogeneous individuals |
| B. | any locality with a population of one million people or more |
| C. | an ecological system |
| D. | any locality with a downtown and suburbs |
| Answer» C. an ecological system | |
| 1159. |
According to the text the following people were/are deviant ? |
| A. | Joan of Arc |
| B. | Mozart |
| C. | The Hell,s Angels |
| D. | People with high IQs |
| Answer» D. People with high IQs | |
| 1160. |
According to the quantity theory of money an increase in the money supply is most likely to lead to inflation if ? |
| A. | The velocity of circulation decrease |
| B. | The number of transaction decrease |
| C. | There is deflation |
| D. | The velocity of circulation and the number of transactions is constant |
| Answer» C. There is deflation | |
| 1161. |
According to the paradox of thrift increased efforts to save will cause ? |
| A. | an increase in income and an increase in overall saving |
| B. | a decrease in income and an overall decrease in saving |
| C. | a decrease in income but an increase in saving |
| D. | an increase in income but no overall change in saving |
| Answer» C. a decrease in income but an increase in saving | |
| 1162. |
According to the labeling theory which of the following concepts explains why a labeled individual becomes deviant ? |
| A. | Resocialization |
| B. | Ethnocentrism |
| C. | Self-fulfilling prophecy |
| D. | Rebellion |
| Answer» D. Rebellion | |
| 1163. |
According to the Laffer curve as tax rates increase tax revenue ? |
| A. | initially increase and then decrease |
| B. | decrease continuously |
| C. | rise continuously |
| D. | initially decrease and then increase |
| Answer» B. decrease continuously | |
| 1164. |
According to the differential association theory deviant acts are_________________? |
| A. | considered normal by some antisocial individuals |
| B. | caused by abnormal chromosomes |
| C. | learned through interaction with others |
| D. | the result of social deprivation |
| Answer» D. the result of social deprivation | |
| 1165. |
According to the cultural transmission theory deviance is learned through________________? |
| A. | genetic inheritance |
| B. | being labeled as deviant |
| C. | close association with deviants |
| D. | all of the above |
| Answer» D. all of the above | |
| 1166. |
According to the cognitive development theory children learn gender roles according to____________? |
| A. | instinct |
| B. | attempt to elicit parental approval |
| C. | which stage of cognitive development they have reached |
| D. | biology |
| Answer» D. biology | |
| 1167. |
According to the “broker rule” school of though________________? |
| A. | power is in the hands of a small group of individuals |
| B. | Wall street brokers and other bankers hold the effective reins of government |
| C. | power is diffused among numerous interest groups who compete and compromise on the decision-making process |
| D. | the fewer interest groups exist the greater the stability of the political system |
| Answer» D. the fewer interest groups exist the greater the stability of the political system | |
| 1168. |
According to supply side economists as tax rates are reduced labour supply should increase. This implies that ? |
| A. | There is no income effect when tax rates are changed |
| B. | The income effect of a wage change is greater than the substitution effect of a wage change. |
| C. | There is no substitution effect when tax rates are changed |
| D. | The substitution effect of a wage change is greater than the income effect of a wage change |
| Answer» E. | |
| 1169. |
According to supply-side economists if taxes are cut so that people have an increased incentive to work and businesses have an increased incentive to invest ? |
| A. | aggregate supply will increase , aggregate demand will decrease |
| B. | aggregate supply will increase, aggregate output will increase and the price level will decrease |
| C. | aggregate supply will increase aggregate output will increase and the price level will increase |
| D. | both aggregate supply and demand will increase and the price level will increase |
| Answer» B. aggregate supply will increase, aggregate output will increase and the price level will decrease | |
| 1170. |
According to Robert Salisbury the crucial factor in turning awareness of an issue into an organized movement is_______________? |
| A. | money |
| B. | mass media |
| C. | leadership |
| D. | all of the above |
| Answer» D. all of the above | |
| 1171. |
According to Mead the generalized other is_______________? |
| A. | one’s mother |
| B. | shame |
| C. | societal norms |
| D. | analytic internalization |
| Answer» D. analytic internalization | |
| 1172. |
According to Marx which group constituted a ruling elite ? |
| A. | The proletariat |
| B. | The bourgeoisie |
| C. | The workers for the owners of the means of production |
| D. | The military |
| Answer» C. The workers for the owners of the means of production | |
| 1173. |
According to Karl Marx_______________? |
| A. | classes are the result of different life styles |
| B. | status is also a phenomenon of stratification |
| C. | classes are determined by the relationship of a group in society to the means of production |
| D. | classes are composed of the have-nots who eventually revolt against the haves |
| Answer» D. classes are composed of the have-nots who eventually revolt against the haves | |
| 1174. |
According to Gordon Allport,s theory of contact_______________? |
| A. | unequal status between groups reduces prejudice |
| B. | equal status between groups leads to reduced competition |
| C. | Southern blacks and whites of the same social class have been driven further apart in recent years |
| D. | equal status between groups increases prejudice |
| Answer» C. Southern blacks and whites of the same social class have been driven further apart in recent years | |
| 1175. |
According to George H.Mead mind is________________? |
| A. | the acting subject as opposed to “object ” |
| B. | the source of experience |
| C. | an emergent outcome of social acts |
| D. | none of the above |
| Answer» E. | |
| 1176. |
According to Gordon Allport much prejudice is based on________________? |
| A. | economic competition among different groups |
| B. | equality of groups |
| C. | lack of human compassion |
| D. | plain ignorance |
| Answer» B. equality of groups | |
| 1177. |
According to George Herbert Mead the self is______________? |
| A. | the subconscious mind |
| B. | an individual’s self-concept or self-awareness |
| C. | a person’s conscience |
| D. | the equivalent of the libido in Freuds theory |
| Answer» C. a person’s conscience | |
| 1178. |
According to functionalism the fundamental human needs are_____________? |
| A. | income safety and deference |
| B. | life liberty and the pursuit of property |
| C. | survival and expressiveness |
| D. | control over nature and the denial of death |
| Answer» D. control over nature and the denial of death | |
| 1179. |
According to Freud the crucial institution for the development of personality is______________? |
| A. | religion |
| B. | the family |
| C. | the economy |
| D. | education |
| Answer» C. the economy | |
| 1180. |
According to French philosopher Jean-Jacques Rousseau the state emerged_______________? |
| A. | to restore peace |
| B. | after the establishment of private property |
| C. | because people began to fight among themselves |
| D. | all of the above |
| Answer» C. because people began to fight among themselves | |
| 1181. |
According to Daniel Bell the first technological revolution_______________? |
| A. | was the first of three such revolution |
| B. | entailed the harnessing of electricity |
| C. | involved a change in farming techniques |
| D. | all of the above |
| Answer» B. entailed the harnessing of electricity | |
| 1182. |
According to criminologists_______________? |
| A. | the death penalty does act as a deterrent |
| B. | the death penalty does not act as a deterrent |
| C. | the death penalty is a sing of an uncivilized society |
| D. | it is preferable to judge each criminal case individually |
| Answer» C. the death penalty is a sing of an uncivilized society | |
| 1183. |
According to Blau and Duncan occupational upward mobility is greatly influenced by______________? |
| A. | the amount of education |
| B. | occupation of the father |
| C. | the nature of the first job |
| D. | all of the above |
| Answer» E. | |
| 1184. |
According the law of diminishing returns ? |
| A. | The marginal product fall as more units of a variable factor are added to a fixed factor |
| B. | Marginal utility falls as more unity of a product are consumed |
| C. | The total product falls as more units of a variable factor are added to a fixed factor |
| D. | The marginal product increases as more units of a variable factor are added to a fixed factor |
| Answer» B. Marginal utility falls as more unity of a product are consumed | |
| 1185. |
According Piaget,s developmental theory______________? |
| A. | a child of five can learn philosophy |
| B. | a child of one can understand social rules |
| C. | a child of eight can master addition |
| D. | none of the above |
| Answer» D. none of the above | |
| 1186. |
Absence of body contact and stimulation in infants inhibits_______________? |
| A. | instinctual development |
| B. | development of higher learning functions |
| C. | biological drives |
| D. | aggressive behavior |
| Answer» C. biological drives | |
| 1187. |
Abraham Maslow and Carl Rogers are associated with the following theories of personality. |
| A. | development |
| B. | stressing self-concept and self-actualization |
| C. | psychoanalytic |
| D. | environmental determinism |
| Answer» C. psychoanalytic | |
| 1188. |
A working wife and mother is likely to encounter ? |
| A. | no role involvement |
| B. | role happiness |
| C. | role strain |
| D. | the best of both roles |
| Answer» D. the best of both roles | |
| 1189. |
A way of helping depressed regions by having wage subsidies lower business taxes and capital subsidies has been suggested as ? |
| A. | New classical economists |
| B. | left-wing theorists |
| C. | interventionist policies |
| D. | monetarists |
| Answer» D. monetarists | |
| 1190. |
A way of helping depressed regions by having lower wages, lower local taxes and lower unemployment benefit has been suggested as ? |
| A. | market orientated economists |
| B. | left-wing theorists |
| C. | Keynesian |
| D. | New-Keynesian |
| Answer» B. left-wing theorists | |
| 1191. |
A way of calculating the total output of the economy regardless of where resources are located is________________? |
| A. | the GDP |
| B. | the GNP |
| C. | the NNP |
| D. | the SPQR |
| Answer» E. | |
| 1192. |
A way of calculating the total output of the economy and all incomes earned within the Pakistan regardless of whether the resources are Pakistan or foreign is_______________? |
| A. | the GDP |
| B. | the GNP |
| C. | the NNP |
| D. | the SPQR |
| Answer» B. the GNP | |
| 1193. |
A variable whose value is determined by the model of which it is a part is termed ? |
| A. | exogenous |
| B. | constant |
| C. | endogenous |
| D. | independent |
| Answer» D. independent | |
| 1194. |
A trained observer_________________? |
| A. | knows what to expect |
| B. | knows which data are relevant to the research problem |
| C. | records everything that he or she sees |
| D. | is most a home in experimental settings? |
| Answer» C. records everything that he or she sees | |
| 1195. |
A totalitarian regime______________? |
| A. | contains secret police |
| B. | controls the mass media |
| C. | exhibits a centralized control of the economy |
| D. | all of the above |
| Answer» E. | |
| 1196. |
A theory is a______________? |
| A. | scientific law |
| B. | set of concepts and generalization |
| C. | speculation about truth and beauty |
| D. | hunch regarding reality |
| Answer» C. speculation about truth and beauty | |
| 1197. |
A temporary collection of people gathered in the same place at the same time becomes a crowd when they______________? |
| A. | interact on a face-to-face basis |
| B. | respond to a common stimulus |
| C. | are personally acquainted with each other |
| D. | have the same thing in mind as to how to behave |
| Answer» C. are personally acquainted with each other | |
| 1198. |
A symbiotic relationship exists between__________________? |
| A. | the press and politicians |
| B. | the president and Congress |
| C. | the two political parties |
| D. | all of the above |
| Answer» E. | |
| 1199. |
A study of male identical twins one of whom had been castrated by accident during circumcision and treated as a little girl until puberty showed that_______________? |
| A. | the castrated male still acted like a tomboy |
| B. | the intact twin gradually became more “feminine” |
| C. | the castrated twin was tidier than his brother but never played with dolls |
| D. | all of the above |
| Answer» B. the intact twin gradually became more “feminine” | |
| 1200. |
A strong predictive factor of becoming an abusive parent is________________? |
| A. | to have felt unloved and unwanted by one,s own parents |
| B. | to have felt the injustice of abuse |
| C. | to have come to believe that abuse is the way things are |
| D. | none of the above |
| Answer» B. to have felt the injustice of abuse | |