Most Latest Economics MCQs – Up To Date Miscellaneous ( Economics ) MCQs
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Latest Economics MCQs
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Latest Miscellaneous ( Economics ) Mcqs
The most occurred mcqs of Miscellaneous ( Economics ) in past papers. Past papers of Miscellaneous ( Economics ) Mcqs. Past papers of Miscellaneous ( Economics ) Mcqs . Mcqs are the necessary part of any competitive / job related exams. The Mcqs having specific numbers in any written test. It is therefore everyone have to learn / remember the related Miscellaneous ( Economics ) Mcqs. The Important series of Miscellaneous ( Economics ) Mcqs are given below:
When gathering data, the scientist is required to exhibit all BUT which one of the following traits ?
C. Ethical neutrality
D. Social involvement
Which of the following is NOT an example of a subject investigated by social scientists ?
A. Case study of an urban gay community
B. The functioning of supply and demand
C. The interaction of various drugs in humans
D. The course of population growth and decline
It is true that the differences among the social sciences ?
A. are a matter of stress?
B. are differences of vantage point
C. consist of the examination of various facets of a social universe
D. all of the above
It is true of science that_______________?
A. it is body of knowledge organized in a logical manner
B. id does not include the method of investigation
C. it is not concerned with the method of acquiring knowledge
D. its content is more important than its method
Which of the following is FALSE? Scientific observation ?
A. must occur under controlled conditions
B. must proceed systematically
C. yields valid date with classification organization or recording
D. is open to anyone who wants to pursue it
For the better part of recorded history knowledge about social relationships was principally based on ?
C. scientific investigation
The current trend in the social sciences is toward ?
A. a totally value free approach
B. statistical and quantitative ways of investigating human behavior
C. using the findings of the social sciences to reform society
D. using whatever technique seems best to fit
Once a social scientist has formulated the hypothesis what is the next step of the scientific method ?
A. Data analysis
B. Developing a research design
Objectivity means ?
A. taking nothing for granted
C. eliminating bias
D. repeating observations
An anthropologist living with a group of people and engaging in some of their rituals is using the following research method ?
A. statistical survey
B. participant observation
C. sample survey
A sample survey deals with_______________?
A. eating samples at various supermarkets
B. a statistically valid section of a population
C. an entire population
D. asking people who walk by to fill out naires
The social sciences lack ?
C. scientific laws
Durkheim was one of the first scientific sociologists who studied______________?
C. mental illness
D. all of the above
Psychology deals with_________________?
A. only normal behavior
B. only violent behavior
C. mental states of individual humans
D. groups of people in interaction
E. None of these
History is often NOT considered a social science because_______________?
A. its primary concern is to record events of the past
B. it does not study people
C. historians do not use computers
D. it is not based on evidence
Economics deals with_______________?
A. consumption of goods and services
B. production of goods and services
C. distribution of goods and services
D. all of the above
A. made all social classes equal
B. eliminated social classes
C. created a class of industrial workers
D. none of the above
Scientists start an investigation with by________________?
A. selecting and defining a topic
B. analyzing data
C. verifying a hypothesis
D. replicating an experiment
Scientific observations are based on_________________?
B. controlled conditions
C. organization of the data
D. all of the above
People manipulate the social world which helps them to______________?
A. take over the environment
B. adapt to the environment
C. change the nature of the physical environment
D. regulate the environment
A detailed investigation of a single social unit in order to study it in depth is______________?
A. a case studies
B. sample survey
C. participant observation
D. laboratory experiment
In defining social sciences which of the following phrases is the most appropriate?
A. social philosophy
B. rules for behavior
C. systematic and methodical study
D. study of individual behavior
A way of helping depressed regions by having lower wages, lower local taxes and lower unemployment benefit has been suggested as ?
A. market orientated economists
C. left-wing theorists
The PFI aims to deliver public projects and services using ?
A. time and motion studies
B. The private sector
C. Public borrowing
D. foreign labour
New classical economists advocate reducing welfare payments to people who are unemployed or single parents. The economic reasoning uses was that this would ?
A. weaken the power of trade unions
B. reduce unemployment
C. reduce poverty
D. help small businesses
According to the Laffer curve as tax rates increase tax revenue ?
A. initially increase and then decrease
B. rise continuously
C. decrease continuously
D. initially decrease and then increase
According to supply-side economists if taxes are cut so that people have an increased incentive to work and businesses have an increased incentive to invest ?
A. aggregate supply will increase , aggregate demand will decrease
B. aggregate supply will increase aggregate output will increase and the price level will increase
C. aggregate supply will increase, aggregate output will increase and the price level will decrease
D. both aggregate supply and demand will increase and the price level will increase
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. rational -expectations economists
C. neo-Keynesian economists
D. New classical economists
The accelerator theory of investment says that induced investment is determined by ?
A. the level of aggregate demand
B. the level of national income
C. the rate of change of national income
According to the paradox of thrift increased efforts to save will cause ?
A. a decrease in income but an increase in saving
B. a decrease in income and an overall decrease in saving
C. an increase in income and an increase in overall saving
D. an increase in income but no overall change in saving
Assuming there is no government or foreign sector the formula for the multiplier is ?
B. 1 – MPC
C. 1/(1+ MPC)
Assuming there is no government or foreign sector, if the MPC is 8 the multiplier is ?
In macroeconomics, equilibrium is defined as that point at which ?
A. saving equals consumption
B. aggregate output equals consumption minus investment
C. Planned aggregate expenditure equals aggregate output
D. planned aggregate expenditure equals consumption
The proportion of an increase in national income paid in tax is ?
A. the tax multiplier
B. the fiscal stance
C. the marginal tax propensity
D. the average tax propensity
The marginal propensity to save (MPS) is ?
A. the ratio of saving to income
B. the fraction of a change in income that is saved
C. the average amount of income that is saved
D. the ratio of income to saving
Disposable income is the part of households income left after the deduction of ?
A. income tax
B. taxes and the addition of benefits
C. income tax and social security payments
D. contractual payments such as pensions and mortgages
In the equation C = a + bY, which describes the aggregate consumption function ‘b’ stands for ?
A. The marginal propensity to consume.
B. The average consumption level
C. The amount of income when consumption is zero
D. The amount of consumption when income is zero
The total quantity of goods and services produced (or supplied) in an economy in a given period is ?
A. aggregate investment
B. aggregate demand
C. aggregate expenditure
D. aggregate output
An outward shift in the demand for money other things being equals should lead to ?
A. A higher interest rate but the same quantity of money
B. A lower 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
To reduce the supply of money the government could ?
A. Buy back government bonds
B. Reduce interest rates
C. Sell government bonds
D. Encourage banks to lend