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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

A researcher will settle for pinpointing a correlation when ?
A a causal relationship is of no consequence
B a causal relationship is difficult to prove
C variables are vaguely defined
D research monies are not forthcoming
Correct Answer: a causal relationship is of no consequence
Experiments_______________?
A are conducted in both field and laboratory setting
B involve the risk that people may modify their behavior
C must involve control groups of some kind
D all of the above
Correct Answer: all of the above
A trained observer_________________?
A knows what to expect
B knows which data are relevant to the research problem
C records everything that he or she sees
D is most a home in experimental settings?
Correct Answer: knows which data are relevant to the research problem
The scientists skepticism extends to________________?
A the value of scientific objectivity
B his or her own credentials
C his or her own findings
D the usefulness of scientific inquiry
Correct Answer: his or her own findings
The opposite of a variable is a______________?
A law
B concept
C value
D constant
Correct Answer: constant
The social sciences were initially concerned with the consequences of_______________?
A the American Revolution
B the French Revolution
C the Russian Revolution
D the Industrial Revolution
Correct Answer: the Industrial Revolution
The hypothesis is a statement of_____________?
A a universal truth
B the scientist’s conclusions
C a tentative statement of a topic that is subject to testing
D disagreement with a generally accepted theory
Correct Answer: a tentative statement of a topic that is subject to testing
Intuition authority tradition and common sense ?
A have been totally replaced the scientific method
B are all equally valid tools of inquiry
C are still used as tools of inquiry
D are just as exact as the scientific method
Correct Answer: are still used as tools of inquiry
The scientific method in the social sciences ?
A is as effective as in the natural sciences
B is hampered by difficulties in attaining objectivity
C has led to great discoveries in the human knowledge of the physical universe
D has been found to be totally useless
Correct Answer: is hampered by difficulties in attaining objectivity
The first step in the scientific method is____________?
A obtaining a government grant
B classification and organization of data
C selection of area to be researched
D observation and recording of data
Correct Answer: selection of area to be researched
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