Economics MCQs

Page No. 122

Economics deals with_______________?


a production of goods and services

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bconsumption of goods and services

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cdistribution of goods and services

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dall of the above

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View Answer all of the above

Industrial Revolution__________________?


aeliminated social classes

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bmade all social classes equal

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c created a class of industrial workers

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d none of the above

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Scientists start an investigation with by________________?


aselecting and defining a topic

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b verifying a hypothesis

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canalyzing data

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d rreplicating an experiment

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Scientific observations are based on_________________?


acontrolled conditions

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bprecision

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corganization of the data

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d all of the above

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View Answer all of the above

People manipulate the social world which helps them to______________?


achange the nature of the physical environment

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b adapt to the environment

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c take over the environment

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dregulate the environment

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A detailed investigation of a single social unit in order to study it in depth is______________?


aa case studies

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bparticipant observation

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c sample survey

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d laboratory experiment

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View Answer a case studies

In defining social sciences which of the following phrases is the most appropriate?


a rules for behavior

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bsocial philosophy

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csystematic and methodical study

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dstudy of individual behavior

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To maintain its economic position, Japan has often limited the number of cars or the quantity of farm products that the United States can sell in Japan Japan has imposed these limits to develop ?


a an equality of trade position

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ba favorable balance of trade

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c a more open market

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d a belief system

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One principle in the theory of mercantilism is that colonies should be_____________?


a granted independence as soon as possible

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b Considered an economic burden for the colonial power

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cencouraged to develop their own industries

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dacquired as markets and sources of raw materials

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During the 1980s and 1990s the economic policies of China, supported by Deng Xiaoping have led directly to______________??


aan expansion of China’s colonial empire

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ban increase in trade with the West

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ca return to a strict command economy

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dthe success of the commune system

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