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Economics MCQs with Explanations

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3331EconomicsMedium

Starting from a position of internal and external balance a reduction in aggregate demand will cause a current account?

Arevaluation

Bsurplus

Cdevaluation

Ddeficit

Correct answer

B. surplus

Explanation

The correct answer is surplus.

3332EconomicsMedium

Which is FALSE of power ________?

AAll power relationships are one sided

BIt is necessary for exerting social control in society

CPeople have greater or lesser amounts of power according to their statuses in society

DIt plays a significant role in all kinds of social interactions

Correct answer

A. All power relationships are one sided

Explanation

The correct answer is All power relationships are one sided.

3333EconomicsMedium

To help its firms penetrate Mexico’s radio market suppose the Japanese government provides them a subsidy of $15 for each radio shipped to Mexico As a result of this trade policy?

ATh price of radios in Mexico equals $20 and its imports equal 40 radios

BThe price of radios in Mexico equals $60 and its imports equal 30 radios

CThe price of radios in Mexico equals $40 and its imports equals 20 radios

DThe price of radios in Mexico equals $30 and its imports equal 30 radios

Correct answer

D. The price of radios in Mexico equals $30 and its imports equal 30 radios

Explanation

The correct answer is The price of radios in Mexico equals $30 and its imports equal 30 radios.

3334EconomicsMedium

As a result of social change some members of society________?

Aoccupy new statuses

Btake on BOTH new statuses and new roles

Cbecome social climbers

Dplay new roles

Correct answer

A. occupy new statuses

Explanation

The correct answer is occupy new statuses.

3335EconomicsMedium

Congestion pollution urban decay and similar side effects of the market system are termed________?

Anegatives

Btangentials

Cexternalities

Dinternalities

Correct answer

C. externalities

Explanation

The correct answer is externalities.

3336EconomicsMedium

A strong predictive factor of becoming an abusive parent is________?

Ato have come to believe that abuse is the way things are

Bnone of the above

Cto have felt the injustice of abuse

Dto have felt unloved and unwanted by one,s own parents

Correct answer

D. to have felt unloved and unwanted by one,s own parents

Explanation

The correct answer is to have felt unloved and unwanted by one,s own parents.

3337EconomicsMedium

Demography is the social science of?

AA person

BMid of the way

Cpopulation

DType of attitude

Correct answer

C. population

Explanation

The correct answer is population.

3338EconomicsMedium

The second major profession in Pakistan is?

ATrade

BIndustry

CCivil Service

DAgriculture

Correct answer

C. Civil Service

Explanation

The correct answer is Civil Service.

3339EconomicsMedium

The implementation lag for monetary policy is generally?

Amush longer than it is for fiscal policy

Bthe same as it is for fiscal policy

Cmuch shorter than it is for fiscal policy

Dunrelated to central bank action

Correct answer

C. much shorter than it is for fiscal policy

Explanation

The correct answer is much shorter than it is for fiscal policy.

3340EconomicsMedium

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

Aeliminate the opposition

Bcontrol the media

Cgain power

Deliminate power

Correct answer

C. gain power

Explanation

The correct answer is gain power.

Which is FALSE of power ________?

AAll power relationships are one sided

BIt is necessary for exerting social control in society

CPeople have greater or lesser amounts of power according to their statuses in society

DIt plays a significant role in all kinds of social interactions

Correct answer

A. All power relationships are one sided

Explanation

The correct answer is All power relationships are one sided.

To help its firms penetrate Mexico’s radio market suppose the Japanese government provides them a subsidy of $15 for each radio shipped to Mexico As a result of this trade policy?

ATh price of radios in Mexico equals $20 and its imports equal 40 radios

BThe price of radios in Mexico equals $60 and its imports equal 30 radios

CThe price of radios in Mexico equals $40 and its imports equals 20 radios

DThe price of radios in Mexico equals $30 and its imports equal 30 radios

Correct answer

D. The price of radios in Mexico equals $30 and its imports equal 30 radios

Explanation

The correct answer is The price of radios in Mexico equals $30 and its imports equal 30 radios.

A strong predictive factor of becoming an abusive parent is________?

Ato have come to believe that abuse is the way things are

Bnone of the above

Cto have felt the injustice of abuse

Dto have felt unloved and unwanted by one,s own parents

Correct answer

D. to have felt unloved and unwanted by one,s own parents

Explanation

The correct answer is to have felt unloved and unwanted by one,s own parents.