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Economics Mcqs 4423 MCQs [All-Courses]

Economics MCQs cover fundamental concepts of microeconomics and macroeconomics, including demand and supply, inflation, national income, and economic policies.
This section is designed to strengthen analytical skills and conceptual understanding for competitive examinations.
Highly useful for PPSC, FPSC, NTS, OTS, KPPSC, and other testing services preparation.

Status inconsistency is defined as_________________?

A the condition of persons who are ranked higher in one variable of status than another

B the order of importance given to status variables

C the mechanism high status persons use to protect themselves from competition

D the least important dimension of stratification

Review Detailed Answer

Correct Answer: the condition of persons who are ranked higher in one variable of status than another

Power is exercised in________________?

A complex industrial societies

B simple farming societies

C hunting and gathering societies

D all social systems

Review Detailed Answer

Correct Answer: all social systems

The overall poverty rate is highest among______________?

A women

B children under 6

C the elderly

D black males

Review Detailed Answer

Correct Answer: children under 6

The most fundamental factor(s)in stratification is (are)______________?

A the ability to make someone do what you want

B education and income

C access to economic resources

D an ambitious mother and later marriage

Review Detailed Answer

Correct Answer: education and income

Taxes may be considered_____________?

A additions to the circular flow

B withdrawals from the economic flow

C injections into the economic flow

D as not affecting the economic flow

Review Detailed Answer

Correct Answer: as not affecting the economic flow

The participants in a market include_____________?

A households

B firms

C governments

D all of the above

Review Detailed Answer

Correct Answer: all of the above

Political science has taken a turn toward the social sciences in its studies of__________________?

A law and administration

B the moral effects of government policies

C work as a source of identity

D the social impact of government on groups and individuals

Review Detailed Answer

Correct Answer: the social impact of government on groups and individuals

If a broad spectrum of the population is surveyed at a given time the study is called______________?

A longitudinal

B inferential

C descriptive

D cross sectional

Review Detailed Answer

Correct Answer: cross sectional

An accountant is part of which sector ?

A primary

B secondary

C Tertiary

D Quaternary

Review Detailed Answer

Correct Answer: Tertiary

Products of the economy used in production as opposed to gifts of nature are______________?

A land

B labor

C capital

D entrepreneurship

Review Detailed Answer

Correct Answer: capital

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

Status inconsistency is defined as_________________?

Power is exercised in________________?

The overall poverty rate is highest among______________?

The most fundamental factor(s)in stratification is (are)______________?

Taxes may be considered_____________?

The participants in a market include_____________?

Political science has taken a turn toward the social sciences in its studies of__________________?

If a broad spectrum of the population is surveyed at a given time the study is called______________?

An accountant is part of which sector ?

Products of the economy used in production as opposed to gifts of nature are______________?