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.Management Sciences
Category: Economics Mcqs
According to the Office of National Statistics UK, a husband who chooses to stay home and take care of household is ?
A. Employed
B. Not in the labour force
C. A discouraged worker
D. Unemployed
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
To maintain its economic position, Japan has often limited the number of cars or the quantity of farm products that the United States can sell in Japan Japan has imposed these limits to develop ?
A. an equality of trade position
B. a favorable balance of trade
C. a more open market
D. a belief system
Which of the following is an unintended function of education ?
A. Reinforcement of society’s stratification system
B. Understanding mathematical concepts
C. Reinforcement of grammatical forms in language
D. Formation of youth leadership groups
Advocates of industrial policy maintain that government should ?
A. pursue free trade as a policy that leads to maximum global efficiency
B. grant subsidies to firms offering potential comparative advantage
C. provide loans to domestic workers in exporting industries
D. increase interest rates on loans made to firms in import-competing industries
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
The privileged position of the modern industrial nations was attained because of_______________?
A. a change in the economy from agrarian to industrial
B. a change in the population distribution from rural to urban
C. the discovery of natural resources
D. both urbanization and industrialization
Suppose two economists are arguing about policies that deal with unemployment. One economist says. The government could lower unemployment by one percentage point if it would just increase government spending by 50 billion dollars the other economist responds Nonsense and poppycock! If the government spent an additional 50 billion dollars it would reduce unemployment by only one tenth of one percent. and that effect would only be temporary! These economists ?
A. None of these answers
B. Disagree because they have different scientific judgments
C. really don’t disagree at all. It just appears that they disagree
D. disagree because they have different values
Which school of economic thought suggested that one possible cause of inflation was a ‘push’ from the cost side ?
A. New classical economists
B. Keynesian.
C. Marxists
D. Monetarists
Which Pakistani city is famous for high quality sports equipment ?
A. Sialkot
B. Chiniot
C. Gujranwala
D. Lahore
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