All Free Economics MCQs with Answers

• A. competition
• B. cooperation
• C. conflict
• D. all of the above

Explanation: The Middle East situation is commonly cited as an example of conflict because opposing groups or states compete over power, territory and…

• A. husband
• B. president
• C. dog owner
• D. jogger

Explanation: A master status is the social position that most strongly shapes how a person is identified by others. For George W.

• A. economics
• B. anthropology
• C. sociology
• D. psychology

Explanation: Classical, neoclassical, monetarist, and Keynesian are major schools of economic thought, especially concerned with markets, money…

• A. an equality of trade position
• B. a favorable balance of trade
• C. a more open market
• D. a belief system

Explanation: Restricting imports can reduce expenditure on foreign goods and support a surplus or more favourable balance of trade.

• A. granted independence as soon as possible
• B. Considered an economic burden for the colonial power
• C. encouraged to develop their own industries
• D. acquired as markets and sources of raw materials

Explanation: Mercantilism viewed colonies as instruments of national economic power, supplying raw materials and serving as controlled markets for the…

• A. an expansion of China's colonial empire
• B. an increase in trade with the West
• C. a return to a strict command economy
• D. the success of the commune system

Explanation: Deng Xiaoping’s reforms introduced market-oriented policies, special economic zones and greater openness to foreign investment and trade.

• A. demand of world markets for such crops
• B. lack of modern agricultural technology
• C. inadequate supply of water and other natural resources
• D. peasant ownership of most farmlands

Explanation: Central American cash-crop farming is largely shaped by international demand for products such as bananas, coffee and sugar.

• A. China's trade deficit with the United States was very high
• B. The United States refused to place quotas on Chinese goods
• C. The United States imported more from China than it exported to China
• D. China lowered tariffs on goods imported from the United States

Explanation: The United States has generally imported more goods from China than it exported there, creating a large US trade deficit and contributing…

• A. The Japanese government has place limits on Japanese exports
• B. Japanese industries spend very little on the research and development of new products
• C. The Japanese government and Japanese businesses have cooperated with each other
• D. Japanese citizens save less of their incomes than the citizens of other industrialized nation do

Explanation: Japan’s postwar growth was supported by close cooperation among government agencies, banks and businesses in directing investment and…

• A. reduction in spending on military goods leads to economic depression
• B. dependence on foreign trade usually leads to a weakened national economy
• C. territorial aggression is not necessary to secure national economic goals
• D. democratic institution hinder economic growth

Explanation: Japan’s pre-1945 expansion relied partly on territorial aggression, while its post-1945 success was achieved through trade, industrial…

• A. to main peace in the Middle East
• B. access to the Mediterranean Sea
• C. to reestablish the Byzantine Empire
• D. The rich farmland of the Anatolian Plateau

Explanation: Russia sought control or influence over Ottoman territory mainly to gain warm-water access to the Mediterranean through the Black Sea and…

• A. use of strip mining to obtain minerals
• B. reliance on capitalist economic systems
• C. lack of access to world markets
• D. scarcity of water resources

Explanation: Water scarcity limits irrigation, agriculture, industrial activity and population growth across much of the Middle East and North Africa.

• A. 1000 years
• B. 15,000 years
• C. 300 years
• D. 4000 yearsDiscover Top Destinations

Explanation: Cucumbers are an ancient cultivated crop associated with South Asia and have been grown for roughly 4,000 years.

• A. mustard
• B. pepper
• C. Salt
• D. basil

Explanation: Brassica is the botanical genus that includes mustard plants, including species such as Brassica juncea and Brassica nigra.

• A. Ghialiangale
• B. Glalangal
• C. Ghalingale
• D. Galangal

Explanation: Galangal is a rhizome used as a spice and is sometimes called Laos ginger because of its Southeast Asian origin.

• A. widow marriage
• B. crimes
• C. the increasing rate of growth in urban population
• D. inter-caste marriage

Explanation: Industrialization concentrates factories, jobs, and services in towns and cities, so its clearest demographic effect is rapid…

• A. measure poverty of those below the poverty line
• B. determine the privileges of the rich
• C. assess the deprivation of section of population as compared to the others
• D. assess the minimum food Requirements

Explanation: Relative deprivation compares a group's economic or social conditions with those of other groups, rather than using only an absolute…

• A. A person
• B. Type of attitude
• C. Mid of the way
• D. population

Explanation: Demography studies human populations, including their size, composition, distribution, and changes through births, deaths, and migration.

• A. Loss of humanistic value
• B. Impersonal relationship
• C. informal relationship
• D. Competition

Explanation: Urban life is commonly associated with impersonal relationships, competition, and weakened traditional or humanistic bonds.

• A. population size
• B. population density
• C. population heterogeneity
• D. All of the above

Explanation: Urbanisation is assessed through several related features, including population size, population density, and heterogeneity of the…