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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.
| 301. |
The production possibilities frontier refers to_______________? |
| A. | the amount of each commodity that can be produced given available resources |
| B. | unlimited production of one commodity |
| C. | limitless output of commodities |
| D. | none of the above |
| Answer» B. unlimited production of one commodity | |
| 302. |
The processes of cultural change include______________? |
| A. | conservatism and reactionism |
| B. | innovation and invention |
| C. | conformity and obedience |
| D. | nationalism and patriotism |
| Answer» E. | |
| 303. |
The process of circulating petitions in order to place specific issues before the legislators is called____________? |
| A. | impressment |
| B. | appeasement |
| C. | innuendo |
| D. | initiative |
| Answer» E. | |
| 304. |
The privileged position of the modern industrial nations was attained because of_______________? |
| A. | a change in the economy from agrarian to industrial |
| B. | a change in the population distribution from rural to urban |
| C. | the discovery of natural resources |
| D. | both urbanization and industrialization |
| Answer» E. | |
| 305. |
The principle of the separation of powers________________? |
| A. | was imitated by the framers of the constitution from Roman forms of government |
| B. | provides for an absolute separation of three branches of government |
| C. | is prescribed by the Constitution |
| D. | was a notion the framers had to abandon |
| Answer» D. was a notion the framers had to abandon | |
| 306. |
The principal difference between people and other animals is that ? |
| A. | animals larger and stronger |
| B. | people communicate with symbols while animals communicate with signals |
| C. | biology dictates human behavior while instincts direct animal behavior |
| D. | people live in families while animals live in tribes |
| Answer» C. biology dictates human behavior while instincts direct animal behavior | |
| 307. |
The primary function of the economy as a social institution is to________________? |
| A. | convict felons in Common Pleas Cout |
| B. | Provide a blueprint showing people how to survive |
| C. | show people how to obtain goods and services without having to pay for them |
| D. | none of the above |
| Answer» C. show people how to obtain goods and services without having to pay for them | |
| 308. |
The primary agent of socialization is the______________? |
| A. | peer group |
| B. | school |
| C. | family |
| D. | mass media |
| Answer» D. mass media | |
| 309. |
The price system is based on_______________? |
| A. | a government plan |
| B. | tradition |
| C. | consumer demand |
| D. | the command of a ruler |
| Answer» D. the command of a ruler | |
| 310. |
The price system_______________? |
| A. | is equitable |
| B. | rations products among consumers |
| C. | allows wealthy consumers to obtain more products |
| D. | only B and C |
| Answer» E. | |
| 311. |
The presidents most important role is as_______________? |
| A. | administrator |
| B. | foreign policy maker |
| C. | legislator |
| D. | ceremonial representative of the U.S |
| Answer» C. legislator | |
| 312. |
The precautionary demand for money is ? |
| A. | An idle because |
| B. | An active balance |
| C. | Directly related to interest rates |
| D. | Inversely related to income |
| Answer» B. An active balance | |
| 313. |
The practice of U.S corporations’ moving’s their production facilities abroad is called________________? |
| A. | multinationalism |
| B. | insourcing |
| C. | diversification |
| D. | Oligopoly |
| Answer» B. insourcing | |
| 314. |
The practice of requiring degrees as a minimum hiring requirement is called_______________? |
| A. | elitism |
| B. | academicism |
| C. | credentialism |
| D. | syndication |
| Answer» D. syndication | |
| 315. |
The powers held by the states include those that are________________? |
| A. | reserved |
| B. | delegated |
| C. | confederate |
| D. | legislative |
| Answer» B. delegated | |
| 316. |
The power elite are drawn from among the_______________? |
| A. | military and business leaders |
| B. | middle-class urban residents |
| C. | union leaders |
| D. | intellectuals |
| Answer» B. middle-class urban residents | |
| 317. |
The popularity of spaghetti in the United States resulted from_______________? |
| A. | the discovery of noodles |
| B. | the invention of pasta machines |
| C. | diffusion |
| D. | an innovation in agriculture |
| Answer» D. an innovation in agriculture | |
| 318. |
The Pope,s leadership of the Catholic Church is based on which kind of authority ? |
| A. | Legal-rational |
| B. | Democratic |
| C. | Traditional |
| D. | Charismatic |
| Answer» D. Charismatic | |
| 319. |
The political process_______________? |
| A. | allows those representing minority views to try to become the majority |
| B. | favors those representing majority views |
| C. | allows those in positions of power to ignore the peoples wishes |
| D. | none of the above |
| Answer» B. favors those representing majority views | |
| 320. |
The political organization that may have too much influence on elected officials because of its generous contribution is the________________? |
| A. | Republican Club |
| B. | Democratic Club |
| C. | Political Action Committee |
| D. | Rules Committee |
| Answer» D. Rules Committee | |
| 321. |
The pivotal institution of government_________________? |
| A. | exists in every nation |
| B. | is lacking in Third-World nations |
| C. | is represented by the U.N on a global level |
| D. | exists only theoretically or in a rudimentary form on the international level |
| Answer» E. | |
| 322. |
The PFI aims to deliver public projects and services using ? |
| A. | Public borrowing |
| B. | The private sector |
| C. | time and motion studies |
| D. | foreign labour |
| Answer» C. time and motion studies | |
| 323. |
The perpetrators of fatal child abuse have these traits in common________________? |
| A. | they are young males |
| B. | they live at or below the poverty level |
| C. | they are seriously depressed |
| D. | all of these |
| Answer» E. | |
| 324. |
The percentage of men filing divorce petitions is________________? |
| A. | equal to that of women |
| B. | less than that of women |
| C. | considerably more than that of women |
| D. | slightly more than that of women |
| Answer» C. considerably more than that of women | |
| 325. |
The percentage of people around the world who lived in cities in 2005 is approximately________________? |
| A. | 20 percent |
| B. | 49 percent |
| C. | 50 percent |
| D. | 80 percent |
| Answer» C. 50 percent | |
| 326. |
The participants in a market economy cannot pursue their goals freely because they are affected by_________________? |
| A. | the ratio of gold to paper money |
| B. | economic laws |
| C. | prices and incomes |
| D. | the religious institution |
| Answer» D. the religious institution | |
| 327. |
The participants in a market include_____________? |
| A. | households |
| B. | firms |
| C. | governments |
| D. | all of the above |
| Answer» E. | |
| 328. |
The overall poverty rate is highest among______________? |
| A. | women |
| B. | children under 6 |
| C. | the elderly |
| D. | black males |
| Answer» C. the elderly | |
| 329. |
The opposite of the rule of law is________________? |
| A. | anarchy |
| B. | the rule of men |
| C. | the rule of custom |
| D. | the rule of reason |
| Answer» C. the rule of custom | |
| 330. |
The opposite of a nuclear family is the______________? |
| A. | conjugal family |
| B. | atomic family |
| C. | extended family |
| D. | group family |
| Answer» D. group family | |
| 331. |
The opposite of a variable is a______________? |
| A. | law |
| B. | concept |
| C. | value |
| D. | constant |
| Answer» E. | |
| 332. |
The oldest form of power rests on_______________? |
| A. | rational-legal authority |
| B. | charismatic authority |
| C. | traditional authority |
| D. | the authority of force |
| Answer» D. the authority of force | |
| 333. |
The oil supplies of the United States are subject to______________? |
| A. | constant increase |
| B. | environmental depletion |
| C. | environmental pollution |
| D. | price stability |
| Answer» C. environmental pollution | |
| 334. |
The objective approach to determine social class membership is based on________________? |
| A. | income |
| B. | years of education |
| C. | prestigious position |
| D. | all of the above |
| Answer» E. | |
| 335. |
The numbers of PACs ? |
| A. | doubled since 1974 |
| B. | tripled since 1074 |
| C. | quadrupled since 1974 |
| D. | increased nearly sevenfold since 1974 |
| Answer» E. | |
| 336. |
The number of births in a population in relation to every 1000 women of childbearing age in a year is called the________________? |
| A. | birthrate |
| B. | fertility rate |
| C. | population pyramid |
| D. | population growth rate |
| Answer» B. fertility rate | |
| 337. |
The nuclear from of the family often appears in_________________? |
| A. | traditional agrarian societies |
| B. | industrial societies |
| C. | locations where there is the need for large families |
| D. | rural areas |
| Answer» C. locations where there is the need for large families | |
| 338. |
The nuclear family is characteristic of industrial societies because______________? |
| A. | most functions are better performed in secondary groups |
| B. | geographic and social mobility are common in industrial societies |
| C. | ascribed status is more important in industrial societies |
| D. | a large family means more hands to work |
| Answer» C. ascribed status is more important in industrial societies | |
| 339. |
The nuclear family form is also called________________? |
| A. | conjugal |
| B. | consanguine |
| C. | procreational |
| D. | extended |
| Answer» B. consanguine | |
| 340. |
The norm of reciprocity entails______________? |
| A. | doing things in an institutionalized way |
| B. | working jointly in a common enterprise for a shared goal |
| C. | doing something in return for what someone has done for you |
| D. | all of the above |
| Answer» D. all of the above | |
| 341. |
The noncustodial parent______________? |
| A. | renounces all responsibility for his children |
| B. | is often a “deadbeat dad” |
| C. | is usually unfit to be a parent |
| D. | none of the above |
| Answer» C. is usually unfit to be a parent | |
| 342. |
The newest challenge to the family,s formerly exclusive claim to the socialization of its children has come from ? |
| A. | the peer groups |
| B. | the mass media |
| C. | the day-care center |
| D. | child psychotherapy |
| Answer» D. child psychotherapy | |
| 343. |
The “New Class” is characterized as consisting of______________? |
| A. | apolitical bureaucrats |
| B. | the working poor |
| C. | former members of the middle class |
| D. | professionals with skills important in the information society |
| Answer» E. | |
| 344. |
The negative functions of interest groups include_______________? |
| A. | they are representative of a minority of people |
| B. | they are democratic |
| C. | they are accountable to the public |
| D. | none of the above |
| Answer» E. | |
| 345. |
The natural environment is_________________? |
| A. | the way humans found the earth |
| B. | the totality of natural conditions and resources that occur in a specific area |
| C. | the total complex of manmade elements in an area |
| D. | mountains oceans rivers and deserts |
| Answer» C. the total complex of manmade elements in an area | |
| 346. |
The nation with the longest political campaign period is_______________? |
| A. | Italy |
| B. | the United States |
| C. | England |
| D. | all nations take the same time to campaign |
| Answer» C. England | |
| 347. |
The nation that social institutions reinforce and legitimize class division is derived from___________? |
| A. | Karl Marx |
| B. | Emile Durkheim |
| C. | Adam Smith |
| D. | Max Weber |
| Answer» B. Emile Durkheim | |
| 348. |
The myth complex functions to_________________? |
| A. | make people feel free |
| B. | secure that will of the people |
| C. | give legitimate authority to the government in power |
| D. | fool the people some of the time |
| Answer» D. fool the people some of the time | |
| 349. |
The most self-sufficient group is________________? |
| A. | the family |
| B. | the military |
| C. | ones in-group |
| D. | society |
| Answer» E. | |
| 350. |
The most recent view of black family problems is that they are a result of_______________? |
| A. | biology |
| B. | the heritage of slavery |
| C. | historic events of recent years |
| D. | none of the above |
| Answer» D. none of the above | |