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.

1101.

An outward shift of the production possibility frontier may be caused by ?

A. An increase in demand
B. More government spending
C. Better training of employees
D. Productive inefficiency
Answer» D. Productive inefficiency
1102.

An outward shift in the Marginal Efficiency of Capital should ?

A. Decrease consumption
B. Increase aggregate demand
C. Reduce aggregate supply
D. Slow economic growth
Answer» D. Slow economic growth
1103.

An outward shift in the demand for money other things being equals should lead to ?

A. A lower interest rate but the same quantity of money
B. A higher interest rate but the same quantity of money
C. A higher quantity of money but lower interest rates
D. A higher quantity of money but the same interest rate
Answer» D. A higher quantity of money but the same interest rate
1104.

An intensive study of an individual or a small group is made by using the following research method ?

A. case study
B. cross sectional sample
C. longitudinal sample
D. experiment
Answer» B. cross sectional sample
1105.

An infant,s cries for help_______________?

A. signify a weakness in its development
B. are instrumental in cementing the mother-infant bonding
C. should be ignored or the infant will be spoiled
D. are natural in all mammals
Answer» C. should be ignored or the infant will be spoiled
1106.

An individual learns to be a human being by______________?

A. instincts
B. socialization
C. cosmic influences
D. in our society watching television
Answer» C. cosmic influences
1107.

An independent assessment of the impact of firm’s activities on society is called a ?

A. Financial audit
B. Balance sheet
C. Profit and loss account
D. Social audit
Answer» B. Balance sheet
1108.

An increase in the marginal propensity to consume will ?

A. increase the size of the multiplier
B. Increase the marginal propensity to save
C. Decrease national income
D. Reduce injections into the economy
Answer» C. Decrease national income
1109.

An increase in national income is ?

A. Likely in increase exports
B. Likely to decrease savings
C. Likely to decrease investment
D. Likely to increase spending on imports
Answer» B. Likely to decrease savings
1110.

An increase in national income is likely to ?

A. Decrease tax receipts
B. Worsen the balance of trade
C. Automatically cause an increase in government spending
D. causes an increase in injections into the economy
Answer» B. Worsen the balance of trade
1111.

An increase in investment is most likely to be caused by ?

A. Lower interest rates
B. Lower national income
C. A decrease in the marginal propensity to consume
D. An increase in withdrawals
Answer» D. An increase in withdrawals
1112.

An increase in interest rates ?

A. Is likely to reduce savings
B. Is likely to reduce the external value of the currency
C. Leads to a shift in the MEC schedule
D. Leads to a movement along the MEC schedule
Answer» D. Leads to a movement along the MEC schedule
1113.

An increase in consumption at any given level of income is likely to lead to ?

A. A fall is savings
B. An increase in exports
C. A fall in taxation revenue
D. A decrease in import spending
Answer» C. A fall in taxation revenue
1114.

An ideology or doctrine spread through persuasion is______________?

A. propaganda
B. journalism
C. foreign policy
D. diplomacy
Answer» B. journalism
1115.

An ideology is______________?

A. a set of ideas values and attitudes
B. a testable theory
C. always based on religion
D. none of the above
Answer» B. a testable theory
1116.

An extreme type of coercive organizations is called a(n) _______________-?

A. oligarchy
B. economic institution
C. public institution
D. total institution
Answer» E.
1117.

An extreme example of the consequences of ethnocentrism in the sense of ethnochauvinism is_____________?

A. cultural relativity
B. “ethnic cleansing”
C. ethnic pluralism
D. assimilation
Answer» C. ethnic pluralism
1118.

An example of unconscious socialization would be____________________?

A. child taught to read
B. child absorbing parents’ attitudes toward race
C. correcting child’s use of worlds
D. child taught to use knife and fork
Answer» C. correcting child’s use of worlds
1119.

An example of resource versatility is_________________?

A. land used for both mining and recreation
B. Swimming fishing and boating in the same lake
C. stringing beads in the morning fishing in the afternoon, and teaching bead stringing at night
D. All of the above
Answer» B. Swimming fishing and boating in the same lake
1120.

An example of polytheism is________________?

A. Hinduism
B. Christianity
C. Buddhism
D. Zoroastrianism
Answer» B. Christianity
1121.

An example of a temporary subculture would be_______________?

A. the MTV generation
B. vegetarians
C. monks in a convent
D. players of chess
Answer» B. vegetarians
1122.

An example of a state that has had to worry about and defend its very physical existence is_______________?

A. Egypt
B. Israel
C. Palestine
D. Lebanon
Answer» C. Palestine
1123.

An example of a permanent or enduring subculture would be_______________?

A. a group of guerrillas
B. the military establishment
C. life in a survivalist enclave
D. a doomsday cult
Answer» C. life in a survivalist enclave
1124.

An example of a category would be_____________?

A. the N.A.A.C.P
B. the N.R.A
C. sharpshooters at a pistol range
D. all the redheads currently imprisoned in the U.S
Answer» E.
1125.

An example of a basic pivotal institution is_____________?

A. show business
B. gossip
C. sports
D. the family
Answer» E.
1126.

An emotional disorder that still allows one to work in society is called a(n) ?

A. neurosis
B. psychosis
C. halitosis
D. prognosis
Answer» B. psychosis
1127.

An economy may operate outside the production possibility Frontier if ?

A. It is not utilizing its resources fully
B. It is being productively efficient
C. It is a mixed economy
D. It is trading other economies
Answer» E.
1128.

An ecological city is___________________?

A. the central city suburbs and satellites
B. one with a recycling enter
C. one containing a clean water supply for the area
D. where urban planning originates
Answer» B. one with a recycling enter
1129.

An ascribed status that a person cannot change is________________?

A. race
B. religion
C. political party
D. last name
Answer» B. religion
1130.

An area which is today in the first stage of the demographic transition is the following________________?

A. U.S.A
B. china
C. Tropical Africa
D. Japan
Answer» D. Japan
1131.

An anthropologist living with a group of people and engaging in some of their rituals is using the following research method ?

A. sample survey
B. participant observation
C. statistical survey
D. experiment
Answer» C. statistical survey
1132.

An accountant is part of which sector ?

A. primary
B. secondary
C. Tertiary
D. Quaternary
Answer» D. Quaternary
1133.

Among the reason for overturning death penalty verdicts on appeal are______________?

A. improved DNA technology
B. findings of incompetent counsel
C. indications that prosecutors or police withheld information
D. all of the above
Answer» E.
1134.

Among the leading causes of divorce are_______________?

A. drug and alcohol abuse
B. infidelity
C. physical abuse
D. none of the above
Answer» E.
1135.

Among the leading causes of divorce are______________?

A. infidelity
B. personality differences
C. incompatibility
D. only b and c
Answer» E.
1136.

Among the factors that favor individual mobility are_________________?

A. late marriage
B. rural residence
C. one of many children
D. none of the above
Answer» B. rural residence
1137.

Among the changes in the family institution which is false ?

A. families have gotten larger
B. the birthrate has greatly declined
C. there has been an increase in voluntary childlessness
D. marriage rates have declined
Answer» B. the birthrate has greatly declined
1138.

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.
1139.

Americans who join voluntary associations are generally ?

A. poor
B. black
C. Catholic
D. urban
Answer» E.
1140.

Americans proclaim the need for honesty but cheat on their tax returns This situation indicates that_____________?

A. the overt culture is consistent
B. Americans often follow a covert culture in actual behavior
C. there is no covert culture in the United States
D. people are only human
Answer» C. there is no covert culture in the United States
1141.

Americans are likely to experience culture shock_______________?

A. every time a new administration comes into office
B. when they inadvertently see a pornographic movie
C. when they come in contact with an unfamiliar culture
D. when they witness atrocities committed in wars
Answer» D. when they witness atrocities committed in wars
1142.

American foreign aid after World War II_________________?

A. helped the domestic economies of industrial nations
B. boosted international trade
C. prevented revolutionary movements from starting in a number of nations
D. all of the above
Answer» C. prevented revolutionary movements from starting in a number of nations
1143.

American military policy has been built on___________________?

A. assured destruction capability
B. very large number of troops
C. trust in U.S allies
D. a spirit of peace in the world
Answer» B. very large number of troops
1144.

All systems of stratification display the following characteristics except_________________?

A. differentiation
B. segmentation
C. ranking
D. institutionalization
Answer» C. ranking
1145.

All religions once established consist of_________________?

A. beliefs rituals and organization
B. doctrine sacraments and priests
C. dogma ecclesia and faith
D. church clergy and believers
Answer» B. doctrine sacraments and priests
1146.

All languages encompass and express notions of____________?

A. shame and quilt
B. past and future
C. love and endearment
D. none of the above
Answer» E.
1147.

All but WHICH of the following characteristics of humans led to the development of science ?

A. Blushing
B. Curiosity
C. Fascination With the self
D. The use of reason
Answer» E.
1148.

Agriculture in industrial nations is now based on_________________?

A. many small farmers
B. greater productivity of farms because of mechanization
C. increase in rural population
D. artificial food production
Answer» C. increase in rural population
1149.

Agrarian societies are based on_____________?

A. the use of the plow
B. hunting animals
C. factories
D. farm animals
Answer» B. hunting animals
1150.

Aggregate demand is defined as_________________?

A. one person’s demand for goods and services
B. the lack of demand for goods and services
C. the total demand in a society or on a world level for goods and services
D. none of the above
Answer» D. none of the above