Explore topic-wise MCQs in Economics.

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.

351.

The most recent social movements________________?

A. focus more on economic issues
B. attract the underclass rather than the working class
C. are community and locality based?
D. none of the above
Answer» E.
352.

The most numerous forms of business ownership in the United States is the________________?

A. partnership
B. subchapter S corporation
C. sole survivorship
D. sole proprietorship
Answer» E.
353.

The most pernicious aspect of sexist ideology is__________________?

A. the belief that the sexes differ by nature
B. that men are superior in certain activities
C. that men are basically superior by nature
D. the pervasiveness of the ideology
Answer» E.
354.

The most obvious effect of sexism on women has been that they__________________?

A. have become passive and accepting of the status quo
B. have been denied alternatives to the roles of wives and mothers
C. have become masculine since they joined the work force
D. realized that motherhood had fewer satisfactions than a career
Answer» C. have become masculine since they joined the work force
355.

The most likely factor to overcome the low status of a father’s occupation is______________?

A. education
B. religion
C. hard work
D. belonging to organized crime
Answer» B. religion
356.

The most important of government is to__________________?

A. provide social welfare
B. implement political control
C. exercise total control
D. regulate human life in society
Answer» C. exercise total control
357.

The most important product of the social way of life is__________________?

A. marriage
B. family
C. culture
D. society
Answer» D. society
358.

The most important differences among humans are based on ______________ ?

A. biology
B. species separation
C. culture
D. physical aspect
Answer» D. physical aspect
359.

The most important determinant of scholastic success is________________?

A. how well the students’ parents did in school
B. the peer group influence
C. the opinion of the neighbors
D. a family’s values regarding education
Answer» E.
360.

The most important category of norms for maintaining social order are ?

A. folkways
B. mores
C. customs
D. traditions
Answer» C. customs
361.

The most fundamental factor(s)in stratification is (are)______________?

A. the ability to make someone do what you want
B. education and income
C. access to economic resources
D. an ambitious mother and later marriage
Answer» C. access to economic resources
362.

The most fundamental function of the family is_________________?

A. ensuring the reproduction of the species
B. providing sex education
C. feeding its members
D. keeping members sheltered
Answer» B. providing sex education
363.

The most experimental of the social sciences is_________________?

A. sociology
B. psychology
C. archaeology
D. economics
Answer» C. archaeology
364.

The most essential element of culture is______________?

A. cooperation
B. group activities
C. a warning system
D. language
Answer» E.
365.

The most dramatic change that followed each technological revolution was_______________?

A. a dramatic increase in population
B. a visible decrease in population
C. the systematic migration of populations to different areas
D. a return to an agrarian way of life
Answer» B. a visible decrease in population
366.

The most common form of marriage today is_______________?

A. polygamy
B. polyandry
C. polygyny
D. none of these
Answer» E.
367.

The most common form of religious behavior is__________________?

A. tithing
B. mana
C. prayer
D. taboo
Answer» D. taboo
368.

The most advanced form of regional cooperation is exhibited by______________?

A. Africa
B. The Middle East
C. Europe
D. The Pacific Rim
Answer» D. The Pacific Rim
369.

The more consumers are willing to pay for a product_____________________?

A. the more of the product will be produced
B. the less producers will manufacture to raise the price still more
C. the more they go into debt forcing them to stop buying
D. the more expensive the product becomes
Answer» B. the less producers will manufacture to raise the price still more
370.

The modern approach to studying social classes based on several dimensions of the stratification system is the______________?

A. SES
B. BES
C. CES
D. TES
Answer» B. BES
371.

The model in urban ecology that stresses distance of residence from central business based on social class is the_________________?

A. sector model
B. concentric zone model
C. multiple nuclei model
D. wedge-shaped model
Answer» C. multiple nuclei model
372.

The microelements of societies are made up of_____________?

A. processes of social interaction
B. diseases that harm societies
C. problems of cement roads
D. none of the above
Answer» B. diseases that harm societies
373.

The middle- and low-income nation are located mostly in_______________?

A. the southern regions of the world
B. the North-South Axis
C. the northern regions of the world
D. the North and South Pole
Answer» B. the North-South Axis
374.

The Micropolitan Statistical Area consists of_______________?

A. one urban cluster of at lest 10,000 but less than 50.000 population
B. one city of at least 50,000 population
C. one city of at least 1 million population
D. a region of the country
Answer» B. one city of at least 50,000 population
375.

The merging of majority and minority groups as happened in Brazil is called_______________?

A. segregation
B. acculturation
C. accommodation
D. amalgamation
Answer» E.
376.

The media present gender roles_____________?

A. realistically
B. according to Victorian model
C. stereotypically
D. idealistically
Answer» D. idealistically
377.

The mechanisms of upward mobility of minorities did NOT include?

A. internal economic development and specialization
B. development of a middle class
C. geographic concentration
D. a social caste system
Answer» E.
378.

The mechanism of the market system provides for________________?

A. the content and flow of goods and services to take place without any fixed plan
B. buyers and sellers not needing to know how the market works in order to act in it
C. the economy to function so that all participants derive some satisfaction
D. all of the above
Answer» E.
379.

The master status of George W.Bush was______________?

A. husband
B. president
C. dog owner
D. jogger
Answer» C. dog owner
380.

The mass media especially TV have been_______________?

A. definitely proven to increase the crime rate
B. definitely proven to improve school learning
C. providing realistic view of the world
D. none of the above
Answer» E.
381.

The Marxian model of class structure divided the population into______________?

A. quintiles
B. six or seven layers
C. the bourgeoisie and the proletariat
D. the haves and the have nots
Answer» D. the haves and the have nots
382.

The market system consists of planning by__________________?

A. inducement
B. direction
C. command
D. tradition
Answer» B. direction
383.

The marginal propensity to withdraw is ?

A. 1/investment multiplier
B. 1-(1/injections multiplier
C. MPS + MPT + MPM
D. the proportion of national income that is withdraw from the circular flow of income
Answer» D. the proportion of national income that is withdraw from the circular flow of income
384.

The marginal propensity to consume is equal to ?

A. Total spending / total consumption
B. Total consumption / total income
C. change in consumption / change in income
D. Change in consumption / change in savings
Answer» B. Total consumption / total income
385.

The marginal propensity to save (MPS) is ?

A. the average amount of income that is saved
B. the fraction of a change in income that is saved
C. the ratio of saving to income
D. the ratio of income to saving
Answer» C. the ratio of saving to income
386.

The marginal productivity of labor_________________?

A. concerns wage rates and labor supply
B. is a political as well as economic issue
C. is complicated by overlapping labor markets
D. all of the above
Answer» E.
387.

The manifest functions of government include________________?

A. the formation of party machines
B. the protection of the interests of the power elite
C. the enlargement of the administrative elite
D. the provision of institutionalized social control
Answer» C. the enlargement of the administrative elite
388.

The majority of the human population lives in________________?

A. New York
B. Africa
C. Pacific Islands
D. Eurasia
Answer» E.
389.

The major function of the legislative branch is_______________?

A. to enact legislation
B. ensure that legislation is carried out
C. get around the administration
D. none of the above
Answer» B. ensure that legislation is carried out
390.

The main purpose of a political party in a democracy is to________________?

A. eliminate the opposition
B. gain power
C. eliminate power
D. control the media
Answer» C. eliminate power
391.

The main problem facing societies with a surplus is_____________________?

A. how to get rid of it
B. what to produce how produce it and for whom to produce it
C. there is no problem it is divided equally
D. how to keep it away from enemies
Answer» C. there is no problem it is divided equally
392.

The main function of organized labor is to_______________?

A. manage large corporations
B. strike
C. bargain collectively
D. regulate safety
Answer» D. regulate safety
393.

The low birthrate in the United States is related to_______________?

A. able nutrition
B. increased drug use
C. increase of women in work force
D. none of the above
Answer» D. none of the above
394.

The loss of entire categories of jobs without the creation of new occupations would be_______________?

A. structural mobility of a negative sort
B. horizontal mobility
C. intragenerational mobility
D. status ambiguity
Answer» B. horizontal mobility
395.

The liquidity trap occurs when the demand for money ?

A. Is perfectly interest elastic
B. Is perfectly interest inelastic
C. Means that an increase in money supply leads to a fall in the interest rate
D. Means that an increases in the money supply leads to an increases in the interest rate
Answer» B. Is perfectly interest inelastic
396.

The legitimate possession of power is a definition of______________?

A. force
B. the police
C. the state
D. authority
Answer» E.
397.

The leaders of interest groups tend to be_________________?

A. in accord with the agenda of the rank and file
B. more liberal than the rank and file
C. more conservative than the rank and file
D. unaware of the concerns of the rank and file
Answer» C. more conservative than the rank and file
398.

The law of diminishing returns assumes ?

A. There are no fixed factors of production
B. There are no variable factors of production
C. Utility is maximised when marginal product falls
D. Some factors of production are fixed
Answer» D. Some factors of production are fixed
399.

The largest of the world regions containing 44 countries is_____________?

A. Europe
B. Asia
C. North America
D. Sub-Saharan Africa
Answer» E.
400.

The largest number of Latinos come form_______________?

A. Latin American
B. Spain
C. Mexico
D. Puerto Rico
Answer» D. Puerto Rico