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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.

The school of thought that considers power to be brokered by various interest groups is called______________?

A pluralism

B power elitism

C absolute power

D authoritarianism

Review Detailed Answer

Correct Answer: pluralism

In C.Wright Mill,s view what group constitutes an elite ?

A Church leaders and educators

B The corporate rich only

C High ranking military officers only

D The military-industrial-governmental complex

Review Detailed Answer

Correct Answer: The military-industrial-governmental complex

According to Marx which group constituted a ruling elite ?

A The proletariat

B The bourgeoisie

C The workers for the owners of the means of production

D The military

Review Detailed Answer

Correct Answer: The bourgeoisie

The political process_______________?

A allows those representing minority views to try to become the majority

B favors those representing majority views

C allows those in positions of power to ignore the peoples wishes

D none of the above

Review Detailed Answer

Correct Answer: allows those representing minority views to try to become the majority

The third function of the legislative branch is________________?

A oversight

B ensuring that jobs are provided equally

C provide an opposition party to the administration in office

D none of the above

Review Detailed Answer

Correct Answer: oversight

Enacting legislation__________________?

A is a slow and painful process

B involves negotiation and compromise

C sometimes pits the executive branch against the interests of the members of states and districts

D all of the above

Review Detailed Answer

Correct Answer: all of the above

Federal legislation has sometimes been prompted by_____________________?

A outright opposition by state governments to federal law

B a general lack of financial resources and professional expertise at the state level

C inefficiency and sluggishness of state administrations

D all of the above

Review Detailed Answer

Correct Answer: all of the above

Statistics that allow researchers to generalize to a population from a sample are called______________?

A correlational

B descriptive

C inferential

D longitudinal

Review Detailed Answer

Correct Answer: inferential

The opposite of the rule of law is________________?

A anarchy

B the rule of men

C the rule of custom

D the rule of reason

Review Detailed Answer

Correct Answer: the rule of men

The United States government began to function in_______________?

A 1763

B 1776

C 1781

D 1788

Review Detailed Answer

Correct Answer: 1788

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Economics Mcqs 4423 MCQs [All-Courses]

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All Topics 4423

The school of thought that considers power to be brokered by various interest groups is called______________?

In C.Wright Mill,s view what group constitutes an elite ?

According to Marx which group constituted a ruling elite ?

The political process_______________?

The third function of the legislative branch is________________?

Enacting legislation__________________?

Federal legislation has sometimes been prompted by_____________________?

Statistics that allow researchers to generalize to a population from a sample are called______________?

The opposite of the rule of law is________________?

The United States government began to function in_______________?