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.
Last updated
1,499 questions · page 14 of 75
- A. Latin American
- B. Spain
- C. Mexico
- D. Puerto Rico
Explanation: Mexico is the largest source of Latinos in the United States and represents the largest national group within the broader Latino…
Correct answer: Mexico- A. the size of families
- B. per capita
- C. the items rich countries throw out
- D. all of the above
Explanation: Global inequality appears in demographic patterns such as family size, differences in per-capita income and resources, and unequal…
Correct answer: all of the above- A. Computer programmers
- B. MBAs staring their own firms
- C. Out of work middle managers
- D. journalists' academics media commentators
Explanation: The “New Class” is commonly associated with knowledge and information workers who shape public ideas, including journalists, academics…
Correct answer: journalists' academics media commentators- A. reflect the common -sense self-ratings of individuals
- B. indicate that there are two classes the working class and the middle class
- C. tend to be arbitrary and artificial
- D. adequately reflect the complexity of the American class system
Explanation: Social-class categories simplify a complex structure and depend on debatable boundaries such as income, occupation, education, and status.
Correct answer: tend to be arbitrary and artificial- A. members of the middle class
- B. members of minority groups
- C. poor
- D. B and C
Explanation: Crime victimisation is disproportionately concentrated among poor and minority populations, who are often exposed to greater neighbourhood…
Correct answer: B and C- A. Karl Marx
- B. Emile Durkheim
- C. Adam Smith
- D. Max Weber
Explanation: Marx viewed social institutions and dominant ideas as helping preserve existing class relations, thereby reinforcing the power of the…
Correct answer: Karl Marx- A. social Darwinism
- B. classical conservatism
- C. structural functionalism
- D. classical liberalism
Explanation: Classical liberalism generally treats inequality as being sustained or worsened by coercive and corrupt institutions, while favouring…
Correct answer: classical liberalism268. According to Blau and Duncan occupational upward mobility is greatly influenced by______________?
- A. the amount of education
- B. occupation of the father
- C. the nature of the first job
- D. all of the above
Explanation: Blau and Duncan’s status-attainment model links occupational mobility to education, the father’s occupation, and the individual’s first…
Correct answer: all of the above- A. being part of the law of nature
- B. resulting from the struggle for goods and services in a society
- C. serving the needs of society
- D. all of the above
Explanation: Different theories explain inequality in different ways: natural-law views treat it as inherent, conflict theories link it to competition…
Correct answer: all of the above- A. Stratification
- B. Ethnicity and race
- C. Head shape and eye color
- D. Sex and age
Explanation: Social differentiation refers to socially meaningful distinctions such as class, race, ethnicity, sex, and age.
Correct answer: Head shape and eye color- A. Honduras ans Mexico
- B. Japan and Finland
- C. Switzerland and France
- D. Germany and Austria
Explanation: Japan and Finland are commonly recognised for very low street-crime rates, especially compared with Honduras and Mexico.
Correct answer: Japan and Finland- 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