All Free Economics MCQs with Answers

• A. China
• B. Germany
• C. Japan
• D. United States

Explanation: The United States has traditionally had the world’s largest GNP, now generally reported as gross national income, when measured at market…

• A. Issuance of Debt securities
• B. Issuance of notes and coins
• C. Dollar Reserves
• D. All of above

Explanation: Seigniorage is the revenue obtained by issuing currency because the production cost of notes and coins is far below their face value.

• A. Milton-Friedman
• B. Osborne-Smith
• C. Zelvey
• D. Mickel-Jorden

Explanation: Milton Friedman introduced the helicopter-money thought experiment in 1969 to describe newly created money being distributed directly to…

• A. globalism
• B. pluralism
• C. scientific democracy
• D. neorealism

Explanation: Globalism, pluralism and neorealism are recognized perspectives or approaches in international-relations theory.

• A. multipolar system
• B. bipolar system
• C. assured destruction system
• D. unipolar systemTry Science Kits

Explanation: A multipolar system has several major powers, often forming changing alliances to prevent any one power from dominating.

• A. Physical survival
• B. Territorial integrity
• C. Political independence
• D. Cultural diversity

Explanation: States commonly seek physical survival, territorial integrity and political independence as core security objectives.

• A. unilateral and generic
• B. universal and local
• C. empirical and patriotic
• D. uniform and multiform

Explanation: Before Westphalia, political authority was divided between universal institutions such as the Church and empire and numerous local or…

• A. the global social system closely resembles a social system closely resembles a social system
• B. the global social system differs considerably from a societal social system
• C. a global social system does not exist
• D. there exists consensus on values on a global level

Explanation: A global social system is not identical to an individual society because it contains many societies with different institutions, cultures…

• A. morality will be the foundation of foreign policy
• B. Americans do not always act according to their ideology
• C. the world operates on generous feelings toward others
• D. none of the aboveExplore Policy Courses

Explanation: American foreign policy has often departed from stated ideals when strategic or national interests were involved.

• A. China
• B. France
• C. Russia
• D. none of these

Explanation: China, France and Russia have all possessed nuclear weapons and have conducted nuclear tests, so none can be guaranteed never to detonate…

• A. racism
• B. imperialism
• C. colonialism
• D. national ethnocentrism

Explanation: Nationalism places the nation and its interests at the centre of political identity; national ethnocentrism expresses this in terms of…

• A. dead
• B. the source of wars and atrocities
• C. at most a quaint reminder of past political cultures
• D. the bastion of freedom and world peace

Explanation: Modern history shows that intense nationalism can divide populations and contribute to wars, persecution and atrocities.

• A. the Middle Ages
• B. the Renaissance
• C. the Hundred Years War
• D. the Protestant Reformation

Explanation: The Renaissance encouraged centralised authority, territorial states and stronger national identities in Europe.

• A. public education
• B. health care
• C. the rise of administrative elites
• D. warDiscover Lesson Plans

Explanation: Latent functions are unintended consequences rather than the officially stated purposes of government.

• A. international law
• B. international economics
• C. international security affairs
• D. international relations

Explanation: International relations is the broadest field because it covers political, economic, legal, security and social interactions among states…

• A. Americans are the least religious of these nations
• B. 59 percent of Americans said that religions played an important role in their lives
• C. the English and the French are much more religious than Americans
• D. Canadians are as religious as Americans

Explanation: The survey reported that 59 percent of Americans considered religion important in their lives.

• A. nation-sates or national states
• B. dominions
• C. principalities
• D. territories

Explanation: A state is a political and legal entity, while a nation is a people sharing identity, history or culture, so the terms are not…

• A. one urban cluster of at lest 10,000 but less than 50.000 population
• B. one city of at least 50,000 population
• C. one city of at least 1 million population
• D. a region of the country

Explanation: A micropolitan statistical area is organized around an urban cluster with at least 10,000 but fewer than 50,000 people.

• A. overpopulation and urban life
• B. agriculture and horticulture
• C. fishing and mining
• D. low population growth and low density

Explanation: Rapid population growth increases pressure on land and resources, while urban concentration intensifies pollution, congestion and waste…

• A. It will have to become politicized
• B. The smog will have to increase
• C. Acid rain will have to destroy our crops
• D. Cultural values will have to change

Explanation: Environmental problems require changes in the values and behaviour that produce pollution and resource depletion.