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 13 of 75
- A. revolution
- B. a crisis of legitimacy
- C. a crisis of confidence
- D. involution
Explanation: A crisis of legitimacy arises when people no longer accept the government’s right or competence to rule.
Correct answer: a crisis of legitimacy- A. expressive crowds
- B. social movements
- C. people, s fear of the unknown
- D. spiritual awakening
Explanation: A religious revival meeting brings a large number of people together to express shared emotions and beliefs, making it an expressive…
Correct answer: expressive crowds- A. reform movement
- B. nationalistic movement
- C. change resistant movement
- D. ethical movement
Explanation: The civil rights movement sought to change discriminatory laws and practices within the existing political system, so it was a reform…
Correct answer: reform movement- A. relative deprivation
- B. a failure of rising expectations
- C. euphoria
- D. depression
Explanation: When improving expectations are followed by inflation and declining real income, people experience a failure of rising expectations.
Correct answer: a failure of rising expectations- A. develop into political parties
- B. are voluntary associations
- C. gain control of governments
- D. none of the above
Explanation: Social movements may become political parties, and some have gained governmental power; they are also voluntary forms of collective…
Correct answer: none of the above- A. alters people's perspective
- B. prevents action
- C. destroys group identity
- D. none of the above
Explanation: Collective behavior can promote social change by exposing people to shared experiences and altering how they view existing conditions.
Correct answer: alters people's perspective- A. mass society
- B. primary groups
- C. face-to-face-communication
- D. emergent norms
Explanation: Public opinion is the aggregate of views held by a large population, so it is especially associated with mass society.
Correct answer: mass society- A. convergence
- B. revolution
- C. collective behavior
- D. coup d,etat
Explanation: A revolution involves the rejection of existing rules and institutions and the creation of a substantially new order.
Correct answer: revolution- A. has no limits in its antisocial nature?
- B. always goes against the wishes of individual members
- C. is generally random
- D. is usually temporary
Explanation: Violent crowd behavior is typically short-lived, even though it may cause serious harm during that period.
Correct answer: is usually temporary- A. so predictable
- B. not tied to social factors
- C. often the basis of important social change
- D. reflective of purely animal behavior
Explanation: Social scientists study collective behavior because crowds and movements can challenge existing institutions and become important forces…
Correct answer: often the basis of important social change- A. is a movement aimed at pulling African nations into a world economy?
- B. refers to the fact that capitalism has become the economic system of choice around the world
- C. attracts young idealistic people who want to introduce a world government
- D. is a movement of religious zealots who want to introduce a common religion around the world?
Explanation: Globalism describes the worldwide spread and integration of economic systems, especially capitalism in this context.
Correct answer: refers to the fact that capitalism has become the economic system of choice around the world- A. are functionally identical
- B. differ in left-right communication
- C. distribute sensory functions differently
- D. differ in size weight and capacity
Explanation: Research has reported average sex differences in brain connectivity, especially in communication between the two hemispheres, although…
Correct answer: differ in left-right communication- A. wisdom accompanies advancing age
- B. each stage of life has its own rewards
- C. the young are superior to the old
- D. life begins forty
Explanation: Ageism involves judging people by age and commonly treats older people as inferior, less capable, or less valuable than the young.
Correct answer: the young are superior to the old- A. very voluntary
- B. never forced
- C. often forced
- D. rarely enforced
Explanation: Disengagement, particularly among older people, is often presented as a process shaped by social pressure, retirement, ill health, or…
Correct answer: often forced- A. anatomical differences
- B. hormonal differences
- C. chromosomal differences
- D. all of the above
Explanation: Behavioural differences between genders cannot be conclusively attributed to anatomy, hormones, or chromosomes alone because socialisation…
Correct answer: all of the above- A. the fact that most men are rich
- B. an equal number of men and women being poor now
- C. the fact that female-headed households are usually poor
- D. the fact that women are more blessed than men in spite of poverty
Explanation: The feminization of poverty refers to the disproportionate poverty experienced by women, especially in female-headed households that often…
Correct answer: the fact that female-headed households are usually poor- A. children's picture books
- B. stress on male sports in school
- C. TV ads showing women as domestics
- D. all of the above
Explanation: Gender roles are reinforced through several socialising influences, including picture books, school activities that privilege male sports…
Correct answer: all of the above- A. in most cultures' males are more aggressive than females
- B. there is no pattern to aggressive behavior in either males or females
- C. biology is totally unimportant in sex role behavior
- D. aggression is strictly socially learned
Explanation: Cross-cultural studies generally find that males display higher average levels of physical aggression, although culture and social…
Correct answer: in most cultures' males are more aggressive than females- A. testosterone
- B. estrogen
- C. Premarin
- D. progesterone
Explanation: Testosterone is the principal androgen associated with male physical traits and is linked statistically with some forms of aggression.
Correct answer: testosterone- A. XY
- B. XX
- C. XXX
- D. YYY
Explanation: In the usual chromosomal pattern, a male has one X and one Y chromosome, written XY. Females typically have XX chromosomes.
Correct answer: XY