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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

The following people enjoy both status and wealth in our society______________?
A professors
B physicians
C ministers
D research scientists
Correct Answer: physicians
A modern definition of class maintains that social class is constituted by____________?
A the owners of the means of production
B persons who have similar forms of power prestige or wealth
C categories of people set up by governments
D people especially endowed by nature
Correct Answer: persons who have similar forms of power prestige or wealth
Which of the following is a criticism of Marxist theory ?
A inequality is a motivating force for people to rise in the stratification system
B Everyone is talented equally
C Marxism tries to explain all social problems
D Democracy delivers equality better than Marxism does
Correct Answer: Marxism tries to explain all social problems
Criticisms of structural functionalism include_______________?
A who says that a football player is more important than a college professor?
B sons of talented persons are privileged even if they themselves lack talent
C is a stable society better than an unequal society?
D all of the above
Correct Answer: all of the above
The classical conservative approach to stratification is that____________?
A inequality is the law of nature
B stratification must be legislated
C inequality results from exploitation
D none of the above
Correct Answer: inequality is the law of nature
Stratification occurs societies that have a____________?
A surplus
B shortage of everything
C equality
D capitalistic system
Correct Answer: surplus
In stratified societies categories of people are ranked by________________?
A food is hoarded by a few
B food is shared by all
C hunting lacks prestige
D none of the above
Correct Answer: food is shared by all
If a janitor got a job as a security guard because it was closer to home he would be experiencing_______________?
A horizontal mobility
B vertical mobility
C intragenerational mobility
D inter structural mobility
Correct Answer: horizontal mobility
Negative life chances correspond to__________________?
A a high position in the stratification system
B a low position in the stratification system
C lack of talent
D lack of desire for an education
Correct Answer: a low position in the stratification system
According to Karl Marx_______________?
A classes are the result of different life styles
B status is also a phenomenon of stratification
C classes are determined by the relationship of a group in society to the means of production
D classes are composed of the have-nots who eventually revolt against the haves
Correct Answer: classes are determined by the relationship of a group in society to the means of production
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