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Economics Mcqs 4423 MCQs [All-Courses]

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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.

All Topics  4423

According to French philosopher Jean-Jacques Rousseau the state emerged_______________?
A to restore peace
B after the establishment of private property
C because people began to fight among themselves
D all of the above
Correct Answer: after the establishment of private property
Another term for nationalism might be________________?
A racism
B imperialism
C colonialism
D national ethnocentrism
Correct Answer: national ethnocentrism
Recent events vividly demonstrate that nationalism is_______________?
A dead
B the source of wars and atrocities
C at most a quaint reminder of past political cultures
D the bastion of freedom and world peace
Correct Answer: the source of wars and atrocities
Nation states emerged in Europe in the historical period of______________?
A the Middle Ages
B the Renaissance
C the Hundred Years War
D the Protestant Reformation
Correct Answer: the Renaissance
Latent functions of government include_______________?
A public education
B health care
C the rise of administrative elites
D war
Correct Answer: the rise of administrative elites
Ideology________________?
A explains why things are as they are
B underlie all social movements
C underlie all governments
D all of the above
Correct Answer: underlie all social movements
Politics may be defined as_______________?
A the statuses and roles that enforce the law
B the legitimate use of force within a territory
C the process by which individuals and groups acquire power
D all of the above
Correct Answer: the process by which individuals and groups acquire power
In order for power to be legitimate a government must have_____________?
A the ability to coerce agreement
B legitimate authority
C a charismatic leader
D a strong army
Correct Answer: legitimate authority
“My country right or wrong” is an example of_______________?
A nationalism
B legal-rational thinking
C an internationalist world view
D a reasoned approach to detente
Correct Answer: nationalism
Conflict theorists see the states functions as________________?
A protecting the interest of the ruling elite only
B helping the poor and homeless
C bringing peace to its citizens
D directing the economy
Correct Answer: protecting the interest of the ruling elite only
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