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.
| 101. |
When the lk of Uganda lost their traditional hunting grounds they ? |
| A. | rapidly became shepherds |
| B. | their formerly outgoing personalities changed |
| C. | became savage warriors |
| D. | became outgoing accomplished entrepreneurs |
| Answer» C. became savage warriors | |
| 102. |
When the government must pay for fighter planes based on commitments made five years previously the spending the spending is called________________? |
| A. | discretionary |
| B. | uncontrollable |
| C. | balanced |
| D. | unavoidable |
| Answer» C. balanced | |
| 103. |
When the American Cigar Co buys a pizza chain the process is called________________? |
| A. | monopoly |
| B. | diversification |
| C. | planned obsolescence |
| D. | takeover attempt |
| Answer» C. planned obsolescence | |
| 104. |
When supply and demand are essentially equal the economy is said to be in________________? |
| A. | a recession |
| B. | equilibrium |
| C. | equivalence |
| D. | abeyance |
| Answer» C. equivalence | |
| 105. |
When President Kennedy told the Soviet leader to withdraw Russian missiles in Cuba it was an illustration of one of the following types of foreign policy ? |
| A. | administrative |
| B. | crisis |
| C. | general |
| D. | threatening |
| Answer» C. general | |
| 106. |
When politicians refer to the intention of the framers of the Constitution of the United States they are making recourse to_____________? |
| A. | traditional authority |
| B. | legal rational authority |
| C. | charismatic authority |
| D. | all of the above |
| Answer» B. legal rational authority | |
| 107. |
When people’s beliefs about the inferiority of a certain group undergo change the process is called________________? |
| A. | social change |
| B. | cultural change |
| C. | political change |
| D. | radical change |
| Answer» C. political change | |
| 108. |
When parents give rewards for certain sex role behavior the process is called conditioning and is the basis for________________? |
| A. | the social learning theory |
| B. | initiation |
| C. | self-definition |
| D. | bribing |
| Answer» B. initiation | |
| 109. |
When one knows the roles that one is expected to play and is willing and able to do so one is_____________? |
| A. | successfully socialized |
| B. | brainwashed |
| C. | conditioned |
| D. | a significant other |
| Answer» B. brainwashed | |
| 110. |
When one culture borrows traits from another culture the borrowing culture tends to be________________? |
| A. | grateful |
| B. | selective in borrowing |
| C. | nonselective in borrowing |
| D. | gullible and impressionable |
| Answer» C. nonselective in borrowing | |
| 111. |
When old rules and laws are ignored, and rebellious crowds set up new rules of behavior social scientists call this situation________________? |
| A. | convergence |
| B. | revolution |
| C. | collective behavior |
| D. | coup d,etat |
| Answer» C. collective behavior | |
| 112. |
When metropolitan areas start to merge with each other the result is_______________? |
| A. | a standard metropolitan area |
| B. | a megalopolis |
| C. | an ecological city |
| D. | a repetition of the Greek polis |
| Answer» C. an ecological city | |
| 113. |
When marginal revenue equals marginal cost ? |
| A. | Total revenue equals total cost |
| B. | There is the biggest positive difference between total revenue and total cost |
| C. | There is the biggest negative difference between total revenue and total cost |
| D. | Profits are Zero |
| Answer» D. Profits are Zero | |
| 114. |
When internal economies of scale occur ? |
| A. | Total costs fall |
| B. | Marginal costs increase |
| C. | Average costs fall |
| D. | Revenue falls |
| Answer» D. Revenue falls | |
| 115. |
When interaction is guided by shared and patterned expectations of behavior the social system has acquired a(n) ? |
| A. | social process |
| B. | social structure |
| C. | social stability |
| D. | social value system |
| Answer» C. social stability | |
| 116. |
When gathering data, the scientist is required to exhibit all BUT which one of the following traits ? |
| A. | Courage |
| B. | Patience |
| C. | Ethical neutrality |
| D. | Social involvement |
| Answer» E. | |
| 117. |
When farms are destroyed in favor of factories and suburbs it is an example of_____________? |
| A. | urbanization |
| B. | secularization |
| C. | popularization |
| D. | none of these |
| Answer» B. secularization | |
| 118. |
When does a society need laws ? |
| A. | when people commit too many sins |
| B. | when the court system declares that they are needed |
| C. | when the folkways and mores are not sufficient to control behavior |
| D. | when it is necessary to create folkways and mores |
| Answer» D. when it is necessary to create folkways and mores | |
| 119. |
When did the United States government begin to function as a cohesive unit ? |
| A. | At the signing of the Declaration of Independence |
| B. | After the Constitutional Convention of 1788 |
| C. | At the Inauguration of George Washington in 1789 |
| D. | Both B and C |
| Answer» E. | |
| 120. |
When confronted with evidence contrary to their beliefs prejudiced persons will______________? |
| A. | suspend judgment until more evidence is found |
| B. | change their judgment to conform to new evidence |
| C. | refuse to change the original judgment in spite of evidence to the contrary |
| D. | apologize to the victim of their prejudice |
| Answer» D. apologize to the victim of their prejudice | |
| 121. |
When considering the role of morality in foreign policy analysts observe that_____________? |
| A. | there are no restrictions in reaching agreements with other nations |
| B. | the different nations of the world have the same values when it comes to treaties |
| C. | each nation has different standards as to what is proper behavior and values |
| D. | none of the above |
| Answer» D. none of the above | |
| 122. |
When citizens or government agencies attempt to peacefully correct laws or institutions they are engaged in_____________? |
| A. | revolution |
| B. | reform |
| C. | diffusion |
| D. | innovation |
| Answer» C. diffusion | |
| 123. |
When children reach school age their parents_________________? |
| A. | experience a decline in martial satisfaction |
| B. | spend more time together and are more content |
| C. | shift their focus toward their own relationship |
| D. | all of the above |
| Answer» B. spend more time together and are more content | |
| 124. |
When cars are offered at low prices but people still do not buy them the situation is one in which______________? |
| A. | demand is elastic |
| B. | demand is inelastic |
| C. | there is aggregate demand |
| D. | exchange takes place |
| Answer» C. there is aggregate demand | |
| 125. |
When an economy first begins to grow more slowly ? |
| A. | GDP increase |
| B. | Inflation is likely to increase |
| C. | Stock levels are likely to increase |
| D. | Investment in equipment is likely to increase |
| Answer» D. Investment in equipment is likely to increase | |
| 126. |
When a state experiences a foreign policy crisis_______________? |
| A. | the United Nations is contacted |
| B. | the Chief State makes all final decisions |
| C. | both general and administrative personnel are involved |
| D. | Henry Kissinger is contacted |
| Answer» D. Henry Kissinger is contacted | |
| 127. |
When a predominantly foreign government is overthrown the revolution is called_______________? |
| A. | alternative |
| B. | class |
| C. | nationalistic |
| D. | fascist |
| Answer» D. fascist | |
| 128. |
When a new nation is formed ? |
| A. | older tribal loyalties must be abandoned |
| B. | a “we are feeling must emerge among people |
| C. | people must acknowledge a common history and a sense of a common future |
| D. | all of these |
| Answer» E. | |
| 129. |
When a minority group accepts the culture of the dominant group it is called_______________? |
| A. | accommodation |
| B. | acculturation |
| C. | amalgamation |
| D. | assimilation |
| Answer» E. | |
| 130. |
When a few powerful corporation dominate as industry the condition is called_____________? |
| A. | a free market for all |
| B. | oligopoly |
| C. | government control |
| D. | none of the above |
| Answer» C. government control | |
| 131. |
When a business has multiple absentee owners with limited liability it is a_____________? |
| A. | partnership |
| B. | proprietorship |
| C. | trust |
| D. | corporation |
| Answer» E. | |
| 132. |
What were the goals of the Constitutional Convention ? |
| A. | To preserve the status quo |
| B. | To form a government that would serve the interests of all groups in the society |
| C. | To insure the power of the small farmers |
| D. | To diminish the power of a strong central government |
| Answer» C. To insure the power of the small farmers | |
| 133. |
What were guilds ? |
| A. | A type of money used in the Middle Ages |
| B. | Organizations dating back to the 10th century |
| C. | Kinds of labor unions |
| D. | Only b and c |
| Answer» E. | |
| 134. |
What percentage of the earth’s people live in low-income areas ? |
| A. | 10% |
| B. | 35% |
| C. | 56% |
| D. | 5% |
| Answer» D. 5% | |
| 135. |
What percentage of the earth’s people live in high-income areas ? |
| A. | 50% |
| B. | 15% |
| C. | 45% |
| D. | 3% |
| Answer» C. 45% | |
| 136. |
What percentage of American business revenues do corporation represent ? |
| A. | 60% |
| B. | 70% |
| C. | 80% |
| D. | 70% |
| Answer» E. | |
| 137. |
What percent of total work hours must be used to fix errors that occur on the assembly line in mass-production plants ? |
| A. | 50% |
| B. | 25% |
| C. | 35% |
| D. | 40% |
| Answer» C. 35% | |
| 138. |
What models did the frames of the Constitution use for the office of the presidency ? |
| A. | The European monarchs |
| B. | Middle Eastern dynasties |
| C. | American Indian chiefdoms |
| D. | None |
| Answer» E. | |
| 139. |
What kind of labor does the craft method require ? |
| A. | Untrained and unskilled |
| B. | High-cost, highly skilled |
| C. | Lean skilled and motivated |
| D. | Untrained and unmotivated |
| Answer» C. Lean skilled and motivated | |
| 140. |
What kind of individual is valued in industrial and postindustrial societies ? |
| A. | a highly educated intellectual |
| B. | manual workers |
| C. | nonproductive citizens |
| D. | the poor and alienated |
| Answer» C. nonproductive citizens | |
| 141. |
What kind of a system is the economic institution ? |
| A. | Cultural and social |
| B. | Religious and educational |
| C. | Semantic and semitic |
| D. | Typically, American |
| Answer» B. Religious and educational | |
| 142. |
What is the Phillips curve ? |
| A. | a reference to a government economist favoring high taxes |
| B. | a special kind of screw driver that reflects the functioning of the economy |
| C. | a graphic representation of conflict between full employment and inflation |
| D. | a deflationary curve |
| Answer» D. a deflationary curve | |
| 143. |
What is the basis of racist ideology ? |
| A. | An inaccurate interpretation and social application of Darwin,s theory of evolution |
| B. | “Social Darwinism “applied to religious beliefs |
| C. | An invention of European colonial governments |
| D. | The New Testament |
| Answer» B. “Social Darwinism “applied to religious beliefs | |
| 144. |
What is one difference between Freuds developmental stages and Erikson’s ? |
| A. | Freud stopped at adolescence |
| B. | Freud thought all conflicts were conscious |
| C. | Freud saw conflicts with parents as predominant |
| D. | Freud only worked with males |
| Answer» B. Freud thought all conflicts were conscious | |
| 145. |
What is meant by the public sector ? |
| A. | The goals of the society |
| B. | Economic activities in which the government engages for the public good |
| C. | Economic activities in which self-interest makes for personal affluence |
| D. | Economic activities open to the public |
| Answer» C. Economic activities in which self-interest makes for personal affluence | |
| 146. |
What function do politicians serve according to pluralists ? |
| A. | Front men |
| B. | Statesmen |
| C. | Shills or decoys |
| D. | Power and interest brokers |
| Answer» E. | |
| 147. |
What forces prices down ? |
| A. | Large consumer purchasing power |
| B. | Elastic demand |
| C. | Inelastic demand |
| D. | Inferior products |
| Answer» C. Inelastic demand | |
| 148. |
What does one call property owned by the state in the name of the people ? |
| A. | public |
| B. | private |
| C. | common law |
| D. | communal |
| Answer» B. private | |
| 149. |
Weber,s “Protestant Ethic”is_______________? |
| A. | a rejection of the ideological function of religion |
| B. | a refutation of economic determinism |
| C. | a vindication of the morality of capitalism |
| D. | an explanation of Third-World underdevelopment |
| Answer» D. an explanation of Third-World underdevelopment | |
| 150. |
Weber,s abstract model of bureaucracy entails______________? |
| A. | task specialization governed by explicit rule |
| B. | a pyramid of authority based on inherited privilege |
| C. | leadership by a self-appointed |
| D. | None of the above |
| Answer» B. a pyramid of authority based on inherited privilege | |