All Free Economics MCQs with Answers
Every Economics question in the bank, across all chapters, each with the correct answer and a written explanation. Free and unlimited, with no account needed.
4,037 questions · page 36 of 202
- A. a shocking decline in moral standards
- B. a street ethic that requires young men to commit murder to prove their manhood
- C. violence presented as entertainment by the media
- D. poverty drugs and hopelessness
Explanation: Poverty, drug abuse and hopelessness can combine to create conditions in which violence becomes more likely.
Correct answer: poverty drugs and hopelessness- A. reject deviant labels
- B. accept deviant labels and eliminate the behavior in
- C. reject the deviant labels but maintain the behavior in
- D. accept the deviant labels and maintain the behavior in
Explanation: Lemert's concept of secondary deviance develops when a person accepts the deviant label and continues behaviour consistent with it.
Correct answer: accept the deviant labels and maintain the behavior in- A. is deviance of which we are all guilty at one time or another
- B. occurs when deviants accept the label
- C. is a more serious offense than secondary deviance
- D. is the first deviant act ever discovered
Explanation: Primary deviance refers to minor or occasional rule-breaking that does not become part of a person's identity, so almost everyone may…
Correct answer: is deviance of which we are all guilty at one time or another- A. 50%
- B. 15%
- C. 45%
- D. 3%
Explanation: The textbook estimate is about 15%, reflecting the relatively small share of the world’s population living in high-income areas.
Correct answer: 15%- A. Baltic nations
- B. Slavic nations
- C. Asian nations
- D. African nations
Explanation: Armenia, Georgia and Azerbaijan are South Caucasus states, geographically situated at the boundary of Europe and Asia and generally…
Correct answer: Asian nations- A. occurred after President Wilson,s stroke
- B. was due to the Republican Senate,s opposition
- C. illustrated that national interest is more important than collective security or moral opposition to aggression
- D. was due to Marxism-Leninism
Explanation: The League failed chiefly because states placed national interests above collective security, allowing aggression to go unchecked.
Correct answer: illustrated that national interest is more important than collective security or moral opposition to aggression- A. only terrorists take credit for bombing museums
- B. they do not organize the masses on a large scale
- C. they tend to hide in rural areas
- D. their leaders are well known
Explanation: Terrorist groups usually rely on clandestine, small-cell operations rather than openly mobilizing large sections of the population.
Correct answer: they do not organize the masses on a large scale- A. there are no restrictions in reaching agreements with other nations
- B. the different nations of the world have the same values when it comes to treaties
- C. each nation has different standards as to what is proper behavior and values
- D. none of the above
Explanation: Moral standards are not identical across countries, so governments may judge the same treaty or conduct differently.
Correct answer: each nation has different standards as to what is proper behavior and values- A. wishes to absorb other nations
- B. plans to enlarge its power over other nations
- C. displays no self-interest
- D. looks out for its own interests only
Explanation: In the realist view, even a neutral country such as Switzerland protects its own security and interests rather than acting entirely for…
Correct answer: looks out for its own interests only- A. Realism
- B. Globalism
- C. Pluralism
- D. Idealism
Explanation: Pluralism treats states as only one set of important actors and also considers groups, organizations and institutions.
Correct answer: Pluralism- A. to warn the Japanese to steer clear of the Caribbean in exchange for U.S non-intervention in Afghanistan
- B. to warn European powers to keep away from the Western Hemisphere in return for U.S nonintervention in Europe
- C. to conquer the Soviet regime and attach Siberia to the United States
- D. to let the world, know who the superpower is
Explanation: The Monroe Doctrine warned European powers against further intervention or colonization in the Western Hemisphere, while the United States…
Correct answer: to warn European powers to keep away from the Western Hemisphere in return for U.S nonintervention in Europe- A. is a recent addition to international relations?
- B. has a long history predating the creation of the nation state?
- C. and diplomats have been quite radically altered in recent years
- D. has little to do with the failure to solve basic problems among nations
Explanation: Diplomacy is not a recent development; it existed long before the modern nation-state.
Correct answer: is a recent addition to international relations?- A. great discretion in making policy decisions
- B. limited roles as messengers
- C. charge of summit conferences
- D. starring roles as celebrities
Explanation: Modern leaders and communication technologies often reduce diplomats’ independent policy-making authority, leaving them mainly to…
Correct answer: limited roles as messengers- A. general
- B. administrative
- C. crisis
- D. all of the above
Explanation: Foreign-policy decisions can be broad general decisions, routine administrative decisions, or urgent crisis decisions.
Correct answer: all of the above- A. it takes a long time to pay off debts
- B. budget deficits are funded with borrowed money
- C. the U.S government never borrows money from foreign governments
- D. none of the above
Explanation: A budget deficit occurs when government spending exceeds revenue, so the gap is financed through borrowing.
Correct answer: budget deficits are funded with borrowed money- A. establishing minimum reserve requirements of member banks
- B. the discount rate it charges member banks
- C. buying and selling government securities
- D. all of the above
Explanation: The Federal Reserve influences money creation through reserve requirements, the discount rate, and open-market purchases or sales of…
Correct answer: all of the above- A. decreasing taxes on consumers
- B. increasing spending
- C. decreasing taxes on firms
- D. none of the above
Explanation: Excessive aggregate demand is reduced by contractionary fiscal policy, such as higher taxes or lower government spending.
Correct answer: none of the above- A. steel workers
- B. routine services
- C. personal services
- D. All but A
Explanation: Future employment growth is expected mainly in routine and personal services, while traditional steel employment is expected to decline…
Correct answer: All but A719. Which is true ?
- A. Productivity has increased in the decade of the 1990
- B. Blue-collar workers have suffered layoffs
- C. Downsizing has created a new style of employment
- D. All of the above are true
Explanation: The 1990s saw productivity gains, significant layoffs among many blue-collar workers, and downsizing that produced more flexible…
Correct answer: All of the above are true- A. the supply side of the market
- B. the demand side of the market
- C. both sides of the market
- D. the global market
Explanation: Fiscal policy changes government spending and taxation, while monetary policy changes interest rates and the money supply.
Correct answer: the demand side of the market