MCQOPTIONS
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MCQOPTIONS
This section includes 1337 Mcqs, each offering curated multiple-choice questions to sharpen your Economics Mcqs knowledge and support exam preparation. Choose a topic below to get started.
| 601. |
Poverty is related to_______________? |
| A. | technological changes only |
| B. | lack of work ethic |
| C. | patterns of prejudice and technological change |
| D. | discrimination only |
| Answer» D. discrimination only | |
| 602. |
Total planned OR desired spending in the economy as a whole within a given period is called_____________? |
| A. | pent-up demand |
| B. | aggregate demand |
| C. | elastic demand |
| D. | excess demand |
| Answer» C. elastic demand | |
| 603. |
The Department of Health and Human Services has summarized the “correct” mix of goods and services through ? |
| A. | “market basket of goods |
| B. | the consumer price index |
| C. | 165 social indicators |
| D. | the externalities index |
| Answer» D. the externalities index | |
| 604. |
Supply-side theories claim that__________________? |
| A. | business cycles are caused by insufficient supply |
| B. | a decline in aggregate supply is responsible for economic downturns |
| C. | an increase in aggregate supply causes output and employment to decline |
| D. | none of the above |
| Answer» C. an increase in aggregate supply causes output and employment to decline | |
| 605. |
The argument that in some situations the government had to “prime the pump” was advanced by________________? |
| A. | Karl Marx |
| B. | Adam Smith |
| C. | John Maynard Keynes |
| D. | Milton Friedman |
| Answer» D. Milton Friedman | |
| 606. |
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 | |
| 607. |
Foreign policy decisions may be categorized into those that are________________? |
| A. | general |
| B. | administrative |
| C. | crisis |
| D. | all of the above |
| Answer» E. | |
| 608. |
In order to raise the GNP and the GDP per capita one must____________? |
| A. | earn more money |
| B. | increase productivity |
| C. | increase absenteeism |
| D. | decrease productivity |
| Answer» C. increase absenteeism | |
| 609. |
Future generations will have to pay interest on the current debt because______________? |
| A. | it takes a long time to pay off debts |
| B. | budget deficits are funded with borrowed money |
| C. | the U.S government never borrows money from foreign governments |
| D. | none of the above |
| Answer» C. the U.S government never borrows money from foreign governments | |
| 610. |
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. | |
| 611. |
The Federal Reserve Bank regulates the money supply by__________________? |
| A. | establishing minimum reserve requirements of member banks |
| B. | the discount rate it charges member banks |
| C. | buying and selling government securities |
| D. | all of the above |
| Answer» E. | |
| 612. |
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. | |
| 613. |
Which is NOT Third World nation ? |
| A. | Burkina Faso |
| B. | China |
| C. | Zimbabwe |
| D. | Ethiopia |
| Answer» C. Zimbabwe | |
| 614. |
The three most important nations in Asia are_______________? |
| A. | Singapore South Korea and Malaysia |
| B. | Hong Kong Macao Bali |
| C. | Japan India China |
| D. | Taiwan Indonesia Tibet |
| Answer» D. Taiwan Indonesia Tibet | |
| 615. |
The failure of the League of Nation______________? |
| A. | occurred after President Wilson,s stroke |
| B. | was due to the Republican Senate,s opposition |
| C. | illustrated that national interest is more important than collective security or moral opposition to aggression |
| D. | was due to Marxism-Leninism |
| Answer» D. was due to Marxism-Leninism | |
| 616. |
Armenia Georgia and Azerbaijan are_____________________? |
| A. | Baltic nations |
| B. | Slavic nations |
| C. | Asian nations |
| D. | African nations |
| Answer» D. African nations | |
| 617. |
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 | |
| 618. |
Terrorist groups differ from liberation organizations in that_______________? |
| A. | only terrorists take credit for bombing museums |
| B. | they do not organize the masses on a large scale |
| C. | they tend to hide in rural areas |
| D. | their leaders are well known |
| Answer» C. they tend to hide in rural areas | |
| 619. |
Which of the following is a social order crime? |
| A. | Premeditated murder |
| B. | Rape |
| C. | Public drunkenness |
| D. | Burglary |
| Answer» D. Burglary | |
| 620. |
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 | |
| 621. |
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 | |
| 622. |
A condition of normlessness and separation from legitimate modes of behavior is termed___________? |
| A. | trauma |
| B. | anomie |
| C. | alienation |
| D. | anomaly |
| Answer» C. alienation | |
| 623. |
Stratification occurs societies that have a____________? |
| A. | surplus |
| B. | shortage of everything |
| C. | equality |
| D. | capitalistic system |
| Answer» B. shortage of everything | |
| 624. |
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 | |
| 625. |
Crimes that are tolerated more than others because they seldom include violence include_______________? |
| A. | copyright infringement |
| B. | data rape |
| C. | price fixing |
| D. | all but B |
| Answer» E. | |
| 626. |
In stratified societies categories of people are ranked by________________? |
| A. | food is hoarded by a few |
| B. | food is shared by all |
| C. | hunting lacks prestige |
| D. | none of the above |
| Answer» C. hunting lacks prestige | |
| 627. |
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 | |
| 628. |
If a janitor got a job as a security guard because it was closer to home he would be experiencing_______________? |
| A. | horizontal mobility |
| B. | vertical mobility |
| C. | intragenerational mobility |
| D. | inter structural mobility |
| Answer» B. vertical mobility | |
| 629. |
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 | |
| 630. |
Two nations with a low street -crime rate are________________? |
| A. | Honduras ans Mexico |
| B. | Japan and Finland |
| C. | Switzerland and France |
| D. | Germany and Austria |
| Answer» C. Switzerland and France | |
| 631. |
Which is characteristic of a strictly closed society ? |
| A. | Estate |
| B. | Class |
| C. | Caste |
| D. | Strata |
| Answer» D. Strata | |
| 632. |
Among the causes of violence the most probable is/are___________________? |
| A. | a shocking decline in moral standards |
| B. | a street ethic that requires young men to commit murder to prove their manhood |
| C. | violence presented as entertainment by the media |
| D. | poverty drugs and hopelessness |
| Answer» E. | |
| 633. |
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 | |
| 634. |
The following people enjoy both status and wealth in our society______________? |
| A. | professors |
| B. | physicians |
| C. | ministers |
| D. | research scientists |
| Answer» C. ministers | |
| 635. |
Criticisms of structural functionalism include_______________? |
| A. | who says that a football player is more important than a college professor? |
| B. | sons of talented persons are privileged even if they themselves lack talent |
| C. | is a stable society better than an unequal society? |
| D. | all of the above |
| Answer» E. | |
| 636. |
Which society lacks social classes totally ? |
| A. | The Soviet Union |
| B. | China |
| C. | The United States |
| D. | none of the above |
| Answer» E. | |
| 637. |
Which of the following is a criticism of Marxist theory ? |
| A. | inequality is a motivating force for people to rise in the stratification system |
| B. | Everyone is talented equally |
| C. | Marxism tries to explain all social problems |
| D. | Democracy delivers equality better than Marxism does |
| Answer» D. Democracy delivers equality better than Marxism does | |
| 638. |
Studies other than Mead,s show that_________________? |
| A. | in most cultures’ males are more aggressive than females |
| B. | there is no pattern to aggressive behavior in either males or females |
| C. | biology is totally unimportant in sex role behavior |
| D. | aggression is strictly socially learned |
| Answer» B. there is no pattern to aggressive behavior in either males or females | |
| 639. |
The classical conservative approach to stratification is that____________? |
| A. | inequality is the law of nature |
| B. | stratification must be legislated |
| C. | inequality results from exploitation |
| D. | none of the above |
| Answer» B. stratification must be legislated | |
| 640. |
Inequality has been explained as______________? |
| A. | being part of the law of nature |
| B. | resulting from the struggle for goods and services in a society |
| C. | serving the needs of society |
| D. | all of the above |
| Answer» E. | |
| 641. |
The circular nature of the economic process occurs from_________________? |
| A. | firm to firm |
| B. | household to firm to consumer and back again |
| C. | government to consumer |
| D. | firm to consumer |
| Answer» C. government to consumer | |
| 642. |
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 | |
| 643. |
What forces prices down ? |
| A. | Large consumer purchasing power |
| B. | Elastic demand |
| C. | Inelastic demand |
| D. | Inferior products |
| Answer» C. Inelastic demand | |
| 644. |
Present theories of stratification__________________? |
| A. | offer ways to end inequality |
| B. | answer the of what causes inequality |
| C. | agree that inequality is an evil |
| D. | offer two different ways of looking at inequality |
| Answer» E. | |
| 645. |
Which is NOT a type of social differentiation ? |
| A. | Stratification |
| B. | Ethnicity and race |
| C. | Head shape and eye color |
| D. | Sex and age |
| Answer» D. Sex and age | |
| 646. |
Second- and third-generation immigrants failed to melt in the melting pot because of_______________? |
| A. | language differences |
| B. | residence stability |
| C. | religion |
| D. | skin color |
| Answer» D. skin color | |
| 647. |
Conflict theorists view stratification systems as______________? |
| A. | resulting from class struggles |
| B. | effects of the law of nature |
| C. | mechanisms of coercion |
| D. | BOTH coercive and resulting from class struggles |
| Answer» E. | |
| 648. |
Classification of human races is_____________________? |
| A. | clear-cut |
| B. | vague because of overlap of traits |
| C. | restricted to skin color |
| D. | done according to physical appearance |
| Answer» C. restricted to skin color | |
| 649. |
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 | |
| 650. |
Global inequality is evident in_______________? |
| A. | the size of families |
| B. | per capita |
| C. | the items rich countries throw out |
| D. | all of the above |
| Answer» E. | |