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.

1201.

A society’s economic system is largely determined by its concept of________________?

A. truth
B. property
C. happiness
D. justice
Answer» C. happiness
1202.

A society based on close personal ties is a_____________?

A. Gemeinschaft
B. Gesellschaft
C. Mineshaft
D. family
Answer» B. Gesellschaft
1203.

A social system_____________?

A. is a model
B. is a concept
C. illustrates how social relationships work in a group
D. all of the above
Answer» E.
1204.

A social movement which becomes a formal organization is said to have undergone________________?

A. cooptation
B. incorporation
C. oligarchization
D. bureaucratization
Answer» E.
1205.

A significant increase in the government budget deficit is likely to ?

A. Reduce injections into the economy
B. Reduce national income
C. Move the economy away from full employment
D. Boost aggregate demand
Answer» D. Boost aggregate demand
1206.

A separation of institutional forms is most characteristic of__________________?

A. industrial societies
B. agricultural societies
C. pastoral societies
D. horticultural societies
Answer» B. agricultural societies
1207.

A secondary group is characterized by_________________?

A. small size
B. daily contact
C. intimacy
D. formal interaction
Answer» E.
1208.

A scattered collection of people who share a common interest or a concern about an issue are a (n).

A. group
B. Crowd
C. public
D. audience
Answer» D. audience
1209.

A sample survey deals with_______________?

A. an entire population
B. a statistically valid section of a population
C. eating samples at various supermarkets
D. asking people who walk by to fill out naires
Answer» C. eating samples at various supermarkets
1210.

A researcher will settle for pinpointing a correlation when ?

A. a causal relationship is of no consequence
B. a causal relationship is difficult to prove
C. variables are vaguely defined
D. research monies are not forthcoming
Answer» B. a causal relationship is difficult to prove
1211.

A reflationary policy ?

A. increase injections
B. Reducing taxation rates
C. Reducing interest rates
D. Reducing government spending
Answer» D. Reducing government spending
1212.

A reference group is a(n) ?

A. group of which one is member without having asked to be
B. formal or informal organization to which one belongs
C. hierarchical system in an organization
D. group to which an individual aspires to belong
Answer» C. hierarchical system in an organization
1213.

A reduction of the ozone layer in the upper atmosphere leads to_____________?

A. greater rainfall
B. greater crop yields
C. climate changes
D. fluorochlorocarbon production
Answer» D. fluorochlorocarbon production
1214.

A reduction in the money supply is likely to ?

A. Reduce the interest rate
B. Increase the interest rate
C. Increase inflation
D. Decrease deflation
Answer» C. Increase inflation
1215.

A profit maximising firm will invest up to the level of investment where ?

A. The cost of borrowing equals the marginal efficiency of capital
B. The cost of borrowing is greater than the marginal efficiency of capital
C. The cost of borrowing is less then the marginal efficiency of capital
D. The cost of borrowing equals the marginal propensity to consume
Answer» D. The cost of borrowing equals the marginal propensity to consume
1216.

A professional trained in a narrow abstract field is a________________?

A. vice president
B. specialist
C. bureaucrat
D. foreman
Answer» C. bureaucrat
1217.

A problem with laissez-faire economic policy is that there is___________________?

A. no flexibility
B. no provision for public goods
C. no profit motives
D. responsiveness to demand
Answer» C. no profit motives
1218.

A prison is a______________?

A. primary institution
B. secondary institution
C. total institution
D. tertiary socialization
Answer» D. tertiary socialization
1219.

A predisposition toward certain points of view is called_______________?

A. attitude
B. action
C. opinion
D. conviction
Answer» B. action
1220.

A population pyramid shows__________________?

A. sex and age distribution within a population
B. the relation between population and land area
C. the ratio between a nation,s standard of living and its population density
D. the relation between population growth and food supply
Answer» B. the relation between population and land area
1221.

A police office follows a speeding car and when the car finally stops she is horrified to discover her husband at the wheel in giving him a ticket she experiences______________?

A. fear of a divorce
B. role conflict
C. no role involvement
D. a master status
Answer» C. no role involvement
1222.

A pluralist in the U.S would maintain that___________________?

A. power is spread through multiple centers
B. policy reflects the wishes of a few elites
C. significant decisions are made by the upper classes
D. power is in the hands of a small homogeneous class of leaders
Answer» B. policy reflects the wishes of a few elites
1223.

A perspective that focuses on power relations between spouses is called_______________?

A. micro conflict theory
B. transactional analysis
C. resource theory
D. dependency theory
Answer» D. dependency theory
1224.

A persons family in addition to being a primary group is also a______________?

A. voluntary group
B. reference group
C. membership
D. Gesellschaft
Answer» D. Gesellschaft
1225.

A personality refers to______________?

A. behavioral traits of a person
B. emotions of a person
C. attitudes of a person
D. all of the above
Answer» E.
1226.

A person who is suddenly set down on a commune in rural China would most likely undergo ?

A. change to conform to the Chinese modal personality
B. the process of the Lookingglass
C. the process of resocialization
D. a severe anxiety attacks
Answer» D. a severe anxiety attacks
1227.

A person affected by nationalism______________?

A. identifies with a state’s culture
B. shares a state,s interests and goals
C. displays feelings of ethnocentrism
D. all of the above
Answer» E.
1228.

A number of social commentator’s fear that having become a nation of hyphenated Americans ?

A. we may begin to our national identity
B. the United States will be divided into a number of smaller nations
C. we must keep out all new immigrants
D. we will not defend the nation from invasion
Answer» B. the United States will be divided into a number of smaller nations
1229.

A number of celebrities in the entertainment world have been married five or six times They may be said to have had ?

A. the standard number of marriages in our society
B. a faulty distribution of power in their marriages
C. respect for polygamy
D. a negative experience of married life
Answer» C. respect for polygamy
1230.

A nineteenth-century model of rote education which imitated the assembly line was called the______________?

A. Schumpeterian system
B. Birmingham system
C. Topeka system
D. Lancaster system
Answer» E.
1231.

A nationalistic revolution occurred in the________________?

A. communist takeover of China in 1949
B. Cuban revolution of 1959
C. American Revolution
D. French Revolution
Answer» D. French Revolution
1232.

A mother who says “If you hang out with bums you will become a bum” favors which theory of deviance ?

A. Differential association
B. Anomie
C. Labeling theory
D. Gang imitation theory
Answer» B. Anomie
1233.

A mother preparing lunch for her child is an example of a(n)______________?

A. status
B. role
C. macrolevel behavior
D. unliberated women
Answer» C. macrolevel behavior
1234.

A modified version of elitist theory holds that_______________?

A. elite members identify with middle-class values
B. the masses can on occasion influence the elite
C. elites vary in their degree of openness
D. all of the above
Answer» E.
1235.

A modern definition of class maintains that social class is constituted by____________?

A. the owners of the means of production
B. persons who have similar forms of power prestige or wealth
C. categories of people set up by governments
D. people especially endowed by nature
Answer» C. categories of people set up by governments
1236.

A minority group consists of______________?

A. fewer people than the majority group
B. people distinguished by their physical or cultural traits
C. the hostile subcultures in the society
D. the most recently settled immigrants
Answer» C. the hostile subcultures in the society
1237.

A metropolitan area consists of__________________?

A. several small towns
B. a central city and surrounding suburbs and small towns
C. the city only
D. a city with a subway system
Answer» C. the city only
1238.

A member of a Navajo tribe can graze his sheep on clan land but he cannot sell it Navajo land is what kind of property ?

A. Public
B. Private
C. Communal
D. Indian
Answer» D. Indian
1239.

A medical model of deviance assumes that it is caused by_________________?

A. illness
B. abnormality
C. mental defects
D. all of the above
Answer» E.
1240.

A makeshift organizational network which often parallels bureaucratic administration is called______________?

A. oligarchy
B. humanized bureaucracy
C. informal bureaucracy
D. scientific management
Answer» D. scientific management
1241.

A major criticism of Fred,s theory is__________________?

A. his overemphasis on early childhood
B. his overemphasis on adulthood
C. none his theory is widely accepted
D. his stress on the spiritual facet of personality
Answer» B. his overemphasis on adulthood
1242.

A low incidence of crime is more characteristic of________________?

A. homogeneous societies
B. societies that value the social group over the individual
C. societies with a ruthless police force
D. only and b
Answer» E.
1243.

A lake is polluted The fish in it die The algae make unpleasant odors It may be said that__________________?

A. the ecosystem is disturbed
B. biological capital is lost
C. the environment is degraded
D. all of the above
Answer» E.
1244.

A kinship system is based on______________?

A. marriage
B. common descent
C. adoption
D. none of these
Answer» C. adoption
1245.

A group way of life lends itself to disorder because_________________?

A. individuals differ in temperament goals and desires
B. the world is based on randomness
C. humans are solitary creatures
D. human behavior is unpredictable
Answer» E.
1246.

A group of economists argue that the real problem with the economy is high rates of taxation and heavy regulation that reduce the incentives to work save and invest these economists are ?

A. supply side economists
B. neo-Keynesian economists
C. rational -expectations economists
D. New classical economists
Answer» B. neo-Keynesian economists
1247.

A good example of a primary group is_________________?

A. the U.S Army
B. a family
C. AT&T Corp
D. all of the above
Answer» C. AT&T Corp
1248.

A ghetto tends to contain________________?

A. slums
B. a concentration of one racial group in an area
C. residents who make up an economic underclass
D. all of the above
Answer» C. residents who make up an economic underclass
1249.

A general in an army chart of command positions would constitute a______________?

A. status
B. role
C. norm
D. institution
Answer» B. role
1250.

A formal structure of an organizations is its_______________?

A. leadership structure
B. full-time employees
C. bylaws and body of officers
D. appearance to its general public
Answer» D. appearance to its general public