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.

401.

The largest number of statistical areas in the United States are______________?

A. SMSAs
B. CMSAs
C. CBSAs
D. MSAs
Answer» C. CBSAs
402.

The largest group to Which a person belongs is______________?

A. triad
B. family
C. primary
D. society
Answer» E.
403.

“The largest group of people inhabiting a specific territory and sharing a common culture”is a definition of a_____________?

A. nation
B. state
C. government
D. society
Answer» E.
404.

The Ku Klux Klan is an example of a(n)_________________?

A. change-resistant movement
B. progressive movement
C. fascist movement
D. neo-Nazi movement
Answer» B. progressive movement
405.

The knowledge of how the blood circulates in the body is a(n)______________?

A. invention
B. discovery
C. diffusion
D. innovation
Answer» C. diffusion
406.

The Keynesian revolution acknowledged_________________ ?

A. that the masses were being exploited
B. that the market was inherently unstable
C. the need for the intervention of the owners of the means of production
D. that industrial workers were becoming the new bourgeoisie
Answer» C. the need for the intervention of the owners of the means of production
407.

The jobs of the future will include______________?

A. steel workers
B. routine services
C. personal services
D. All but A
Answer» E.
408.

The “invisible hand” refers to_______________?

A. a feature of Adam Smith,s Wealth of Nations
B. the belief God exhibited by the Puritans
C. the fact that prayer results in help
D. a belief in ghosts prevalent in the early Middle Ages
Answer» B. the belief God exhibited by the Puritans
409.

The intended consequences of advertising is to__________________?

A. increase consumption
B. create brand awareness and direct consumption
C. create demand
D. All of the above
Answer» E.
410.

The instrumental role was traditionally assigned to______________?

A. males
B. females
C. the old
D. children
Answer» B. females
411.

The instruments of foreign policy may be defined as_________________?

A. tools with which nations try to manipulate other nations
B. exchanges entered into in the spirit of trust
C. expressions of human solidarity around the world
D. ways of competing for the title of superpower
Answer» B. exchanges entered into in the spirit of trust
412.

The inordinate growth of government is a side effect of________________?

A. the increasing poverty of individual states
B. government intervention in the economy
C. the political apathy of public
D. the willingness of individuals to give up traditional freedoms
Answer» C. the political apathy of public
413.

The Industrial Revolution______________?

A. began in England in the 1800s
B. is already finished
C. caused few sociocultural changes
D. none of the above
Answer» B. is already finished
414.

The Industrial Revolution was based on_______________?

A. the invention of basic machines
B. the discovery of new material
C. new sources power
D. all of the above
Answer» E.
415.

The Industrial Revolution began with_________________?

A. the invention of a few basic machines
B. the overthrow of the British
C. the founding of Sony in Japan
D. the proletariat in Russia
Answer» B. the overthrow of the British
416.

The Industrial Revolution shifted the emphasis in ownership from land to______________?

A. gold and silver
B. the means of production machines tools materials
C. serfs
D. precious spices
Answer» C. serfs
417.

The important point about biological and cultural differences among people is______________?

A. the social meanings people give these differences
B. the evidence that some traits are more desirable than others
C. the fact that to have more is better than to have less in all circumstances
D. those with most power can determine cultural values
Answer» B. the evidence that some traits are more desirable than others
418.

The importance of status is supported by_____________?

A. statistics on cancer deaths
B. a recent study by an epidemiologist
C. the fact that people revere academics
D. none of the above
Answer» C. the fact that people revere academics
419.

The ideology of ageism__________________?

A. prevails only in the U.S
B. applies only to the old
C. asserts that the very young and the very old are inferior
D. has little impact on the society
Answer» D. has little impact on the society
420.

The identical twin who lost his penis in a tragic accident______________?

A. accepted his female identity
B. acted as a female would
C. preferred dolls to guns
D. none of the above
Answer» D. none of the above
421.

The idea that technology changes social organization and ideology is called______________?

A. scientific determinism
B. technological revolution
C. evangelical determinism
D. secular humanism
Answer» C. evangelical determinism
422.

The hypothesis is a statement of_____________?

A. a universal truth
B. the scientist’s conclusions
C. a tentative statement of a topic that is subject to testing
D. disagreement with a generally accepted theory
Answer» D. disagreement with a generally accepted theory
423.

The human social process most important for social interaction is_______________?

A. conflict
B. competition
C. cooperation
D. none of the above
Answer» D. none of the above
424.

The human infants first step in socialization is_________________?

A. awareness of self
B. walking
C. speaking
D. crying
Answer» B. walking
425.

The hormones involved in the development of sex characteristics are_______________?

A. phlogiston and progesterone
B. progesterone and testosterone
C. estrogen and amylase
D. progesterone and estrogen
Answer» C. estrogen and amylase
426.

The hormone associated with male traits and aggression is_______________?

A. testosterone
B. estrogen
C. Premarin
D. progesterone
Answer» B. estrogen
427.

The history of the world according to Marx could be interpreted through ?

A. idealism
B. dialectic materialism
C. an absence of materialism
D. a cyclical theory
Answer» C. an absence of materialism
428.

The highest victimization rates occur________________?

A. in the teenage years
B. in the 10-15 years age group
C. in the 0 to 3 year age group
D. equally in all age groups
Answer» D. equally in all age groups
429.

The highest percentage of humans live in________________________?

A. India
B. Russia
C. China
D. the U.S
Answer» D. the U.S
430.

The highest birthrates today are found in________________?

A. highly developed nations
B. the underdeveloped nations
C. Japan
D. Western Europe
Answer» C. Japan
431.

The high divorce rate in industrial societies related to______________?

A. the importance of religion
B. the low status of women
C. emphasis on group goals
D. the stress on values of individualism and personal goals
Answer» E.
432.

The high cost of fighting crime is due in large part to_______________?

A. the increase in organized crime
B. high unemployment rates
C. tax cuts instituted by the present administration
D. an increase in prison inmates
Answer» E.
433.

The group way of life characteristic of humans may be traced to____________?

A. our human ancestors way of life in trees
B. the fact that human infants are helpless for a long period of time
C. a faulty genetic development
D. the small size of humans relative to other animals
Answer» C. a faulty genetic development
434.

The greatest problem with capital punishment is that________________?

A. many witnesses lie
B. it is a cruel way to end someone’s life
C. sometimes an innocent person is put to death
D. only God has the right to kill
Answer» D. only God has the right to kill
435.

The Great Depression_________________?

A. resulted from the greed of the robber barons
B. resulted from insufficient demand
C. was the worst case of massive unemployment
D. only B and C
Answer» E.
436.

The government is_______________?

A. the ultimate source of social control
B. institutionalized social control
C. a way of insuring absolute freedom for citizens
D. BOTH ultimate and institutionalized social control
Answer» E.
437.

The government can curb excessive aggregate demand(inflation)by_________________?

A. decreasing taxes on consumers
B. increasing spending
C. decreasing taxes on firms
D. none of the above
Answer» E.
438.

The global social system differs from a societal social system in that________________?

A. nations contain a variety of ethnic and racial groups
B. no global government exists
C. nations do not have common goals
D. all of the above
Answer» E.
439.

The fundamental assumption of democratic socialism is that_______________?

A. participation in political decision making should be extended to religious leaders
B. the Socialist party must be in command of the economy
C. participation in political decision making should be extended to economic decision making
D. it is not necessary for everyone in a society to work
Answer» D. it is not necessary for everyone in a society to work
440.

The from of interaction that occurs when two or more individuals try to possess a scarce object or value is_____________?

A. violence
B. coercion
C. contest
D. competition
Answer» E.
441.

The fraction of change in income that is consumed or spend is called ?

A. the marginal propensity of expenditure
B. the marginal propensity to save
C. the average propensity to consume
D. the marginal propensity to consume
Answer» D. the marginal propensity to consume
442.

The foremost advantage of a corporation is its_____________?

A. ability to accumulate vast amounts of capital in a short time
B. capacity for protracted periods of employment
C. ability to profit from the labor of its employees
D. necessity to exhibit the latest technology
Answer» B. capacity for protracted periods of employment
443.

The foreign alliances the U.s has entered into have resulted in__________________?

A. very dependable allies
B. help in the Middle East
C. assurance that allies will back up U.S
D. the need to build up the U.S military apparatus
Answer» C. assurance that allies will back up U.S
444.

The forces and processes revolving around government is policies and actions are called_________________?

A. politics
B. general social processes
C. dynamics
D. statics
Answer» B. general social processes
445.

The following people enjoy both status and wealth in our society______________?

A. professors
B. physicians
C. ministers
D. research scientists
Answer» C. ministers
446.

The following factors are important in production_______________?

A. water space air
B. earth wind fire
C. animal vegetable object
D. technology time efficiency
Answer» E.
447.

The five pivotal institutions are__________________?

A. the economy medicine family religion and education
B. the military religion government family and education
C. the family the economy government the military and education
D. the economy government religion family and education
Answer» E.
448.

The first years of marriage_____________?

A. are the most difficult
B. require the most adjustment
C. offer the most satisfaction
D. all of the above
Answer» E.
449.

The first step in the scientific method is____________?

A. obtaining a government grant
B. classification and organization of data
C. selection of area to be researched
D. observation and recording of data
Answer» D. observation and recording of data
450.

The first technological revolution________________?

A. took place in 1750
B. began with the invention of the steam engine
C. turned people from food gatherers to food producers
D. occurred in England
Answer» D. occurred in England