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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

Craftsmen foremen secretary’s office workers belong to the________________?
A upper-middle class
B middle-middle class
C working class
D “new class”
Correct Answer: working class
Where one stands in the social hierarchy is intimately related to________________?
A how one performs one,s job
B how long one lives
C how much stress one experiences
D only B and C
Correct Answer: only B and C
The loss of entire categories of jobs without the creation of new occupations would be_______________?
A structural mobility of a negative sort
B horizontal mobility
C intragenerational mobility
D status ambiguity
Correct Answer: structural mobility of a negative sort
Members of the “New Class” occupy which of the following occupations_________________?
A Computer programmers
B MBAs staring their own firms
C Out of work middle managers
D journalists’ academics media commentators
Correct Answer: journalists’ academics media commentators
Life expectancy is____________________?
A about the same across social classes
B lower for the upper-middle class
C lower for the lower classes
D lower for the middle class
Correct Answer: about the same across social classes
The categories used by researchers to pigeonhole people into social classes__________________?
A reflect the common -sense self-ratings of individuals
B indicate that there are two classes the working class and the middle class
C tend to be arbitrary and artificial
D adequately reflect the complexity of the American class system
Correct Answer: tend to be arbitrary and artificial
The victims of crime tend to be_______________?
A members of the middle class
B members of minority groups
C poor
D B and C
Correct Answer: B and C
Max Weber,s notion of life chances closely resembles the concept of________________?
A social status
B personal power
C social power
D occupational prestige
Correct Answer: personal power
The nation that social institutions reinforce and legitimize class division is derived from___________?
A Karl Marx
B Emile Durkheim
C Adam Smith
D Max Weber
Correct Answer: Karl Marx
The view that inequality is based on the corrupting and divisive actions of institutions is part of the ideology of_______________?
A social Darwinism
B classical conservatism
C structural functionalism
D classical liberalism
Correct Answer: classical liberalism
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