Free Macroeconomics MCQs with Answers

1,499 Macroeconomics MCQs from Economics, each with the correct answer and a written explanation of why it is correct. Free and unlimited, with no account needed.

The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.

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1,499 questions · page 12 of 75

  • A. expect the growth rate to remain constant
  • B. expect population to level off at between 8 and 15 billion people
  • C. have written off the Malthusian prophecy altogether
  • D. believe that a high fertility rate continues to be necessary in the developing nations

Explanation: Most population projections expect global population growth to slow and eventually level off, commonly in the range of roughly 8 to 15…

Correct answer: expect population to level off at between 8 and 15 billion people
  • A. it is getting older
  • B. there are more women than men
  • C. rural and sunbelt areas attract only the young
  • D. it is BOTH older and more female

Explanation: The US population has become both older because life expectancy has increased and more female because women generally outlive men.

Correct answer: it is BOTH older and more female
  • A. social movements
  • B. revolution
  • C. coups d,etat
  • D. terrorism

Explanation: The definition describes terrorism: politically motivated violence by clandestine or subnational groups against noncombatants.

Correct answer: terrorism
  • A. scientific discoveries
  • B. technological invention
  • C. new art forms
  • D. all of the above

Explanation: Scientific discoveries, technological inventions, and new art forms can all alter beliefs, behaviour, institutions, and lifestyles.

Correct answer: all of the above
  • A. slow until the Industrial Revolution then rapid
  • B. rapid since the beginning of history
  • C. unchanged
  • D. slow because people are creatures of habit

Explanation: For most of history, technological and social change was relatively slow; the Industrial Revolution greatly accelerated it through…

Correct answer: slow until the Industrial Revolution then rapid
  • A. future shock
  • B. culture shock
  • C. myocardial shock
  • D. static shock

Explanation: Alvin Toffler used Future Shock as the title for his idea that rapid technological and social change can overwhelm people and…

Correct answer: future shock
  • A. took place in 1750
  • B. began with the invention of the steam engine
  • C. turned people from food gatherers to food producers
  • D. occurred in England

Explanation: The first technological revolution is associated with the Neolithic Revolution, when humans shifted from gathering wild food to producing…

Correct answer: turned people from food gatherers to food producers
  • A. was introduced when it became convenient to house both workers and machinery under one roof
  • B. gave more power to the employers called entrepreneurs
  • C. was an American invention popularized through cultural diffusion
  • D. resulted from BOTH the convenience of housing workers and equipment together and gave more power to the entrepreneurs

Explanation: The factory system concentrated workers and machinery under one roof, improving coordination and giving entrepreneurs greater control over…

Correct answer: resulted from BOTH the convenience of housing workers and equipment together and gave more power to the entrepreneurs
  • A. a change in the economy from agrarian to industrial
  • B. a change in the population distribution from rural to urban
  • C. the discovery of natural resources
  • D. both urbanization and industrialization

Explanation: Industrialization created large-scale production and economic power, while urbanization supplied concentrated labour and markets.

Correct answer: both urbanization and industrialization
  • A. the invention of a few basic machines
  • B. the overthrow of the British
  • C. the founding of Sony in Japan
  • D. the proletariat in Russia

Explanation: The Industrial Revolution began through the development and application of basic machines, which increased productive capacity and reduced…

Correct answer: the invention of a few basic machines
  • A. the invention of basic machines
  • B. the discovery of new material
  • C. new sources power
  • D. all of the above

Explanation: Industrialization depended on mechanical inventions, new materials such as iron and improved textiles, and new power sources including…

Correct answer: all of the above
  • A. grateful
  • B. selective in borrowing
  • C. nonselective in borrowing
  • D. gullible and impressionable

Explanation: Cultural borrowing is selective because a society adopts foreign traits that fit its needs, values, or circumstances while rejecting…

Correct answer: selective in borrowing
  • A. discovery
  • B. invention
  • C. diffusion
  • D. miracle

Explanation: An invention is a new device or process created by human effort, whereas a discovery reveals something that already exists in nature.

Correct answer: invention
  • A. social change
  • B. cultural change
  • C. political change
  • D. radical change

Explanation: Changing beliefs about a group’s supposed inferiority reflects cultural change because it alters shared values, attitudes, and meanings.

Correct answer: cultural change
  • A. democratic
  • B. affluent
  • C. agricultural
  • D. industrial

Explanation: Modernization generally involves the transition from traditional agrarian arrangements to industrial, urban, and technologically advanced…

Correct answer: industrial
  • A. change is only a recent situation
  • B. the more things change the more they remain the same
  • C. the rate of change has increased in recent years
  • D. change has been the downfall of societies

Explanation: Change has always existed, but technological, economic, and social developments have made its pace much faster in recent decades.

Correct answer: the rate of change has increased in recent years
  • A. personal impersonal social
  • B. invention discovery exploration
  • C. micro middle and macro
  • D. planning reform revolution

Explanation: Social change can be studied at the micro level of individuals and groups, the middle level of organizations and communities, and the…

Correct answer: micro middle and macro
  • A. cooptation
  • B. incorporation
  • C. oligarchization
  • D. bureaucratization

Explanation: Bureaucratization occurs when a social movement develops formal offices, rules, hierarchy, and administrative procedures.

Correct answer: bureaucratization
  • A. alcohol consumption
  • B. states rights
  • C. slavery
  • D. compulsory education

Explanation: The abolitionist movement campaigned to end slavery, especially the legal ownership and forced labour of enslaved people.

Correct answer: slavery
  • A. alternative
  • B. class
  • C. nationalistic
  • D. fascist

Explanation: A revolution directed against predominantly foreign rule is nationalistic because its central aim is national self-determination.

Correct answer: nationalistic