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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  • A. China
  • B. France
  • C. Russia
  • D. none of these

Explanation: China, France and Russia have all possessed nuclear weapons and have conducted nuclear tests, so none can be guaranteed never to detonate…

Correct answer: none of these
  • A. racism
  • B. imperialism
  • C. colonialism
  • D. national ethnocentrism

Explanation: Nationalism places the nation and its interests at the centre of political identity; national ethnocentrism expresses this in terms of…

Correct answer: national ethnocentrism
  • A. dead
  • B. the source of wars and atrocities
  • C. at most a quaint reminder of past political cultures
  • D. the bastion of freedom and world peace

Explanation: Modern history shows that intense nationalism can divide populations and contribute to wars, persecution and atrocities.

Correct answer: the source of wars and atrocities
  • A. the Middle Ages
  • B. the Renaissance
  • C. the Hundred Years War
  • D. the Protestant Reformation

Explanation: The Renaissance encouraged centralised authority, territorial states and stronger national identities in Europe.

Correct answer: the Renaissance
  • A. public education
  • B. health care
  • C. the rise of administrative elites
  • D. warDiscover Lesson Plans

Explanation: Latent functions are unintended consequences rather than the officially stated purposes of government.

Correct answer: the rise of administrative elites
  • A. international law
  • B. international economics
  • C. international security affairs
  • D. international relations

Explanation: International relations is the broadest field because it covers political, economic, legal, security and social interactions among states…

Correct answer: international relations
  • A. Americans are the least religious of these nations
  • B. 59 percent of Americans said that religions played an important role in their lives
  • C. the English and the French are much more religious than Americans
  • D. Canadians are as religious as Americans

Explanation: The survey reported that 59 percent of Americans considered religion important in their lives.

Correct answer: 59 percent of Americans said that religions played an important role in their lives
  • A. nation-sates or national states
  • B. dominions
  • C. principalities
  • D. territories

Explanation: A state is a political and legal entity, while a nation is a people sharing identity, history or culture, so the terms are not…

Correct answer: nation-sates or national states
  • A. one urban cluster of at lest 10,000 but less than 50.000 population
  • B. one city of at least 50,000 population
  • C. one city of at least 1 million population
  • D. a region of the country

Explanation: A micropolitan statistical area is organized around an urban cluster with at least 10,000 but fewer than 50,000 people.

Correct answer: one urban cluster of at lest 10,000 but less than 50.000 population
  • A. overpopulation and urban life
  • B. agriculture and horticulture
  • C. fishing and mining
  • D. low population growth and low density

Explanation: Rapid population growth increases pressure on land and resources, while urban concentration intensifies pollution, congestion and waste…

Correct answer: overpopulation and urban life
  • A. It will have to become politicized
  • B. The smog will have to increase
  • C. Acid rain will have to destroy our crops
  • D. Cultural values will have to change

Explanation: Environmental problems require changes in the values and behaviour that produce pollution and resource depletion.

Correct answer: Cultural values will have to change
  • A. the way inanimate objects are placed into the natural system
  • B. a systematic application of the economy
  • C. the way living things interact and interrelate with each other and their environments
  • D. what Hobbes called the "state of nature"

Explanation: An ecosystem consists of living organisms interacting with one another and with their physical environment.

Correct answer: the way living things interact and interrelate with each other and their environments
  • A. means that the number of births equals the number of deaths in country in any given year
  • B. signifies that the deaths exceed the births
  • C. is the term used when there are no births in any given year in a specific county
  • D. means that population stop growing because of an epidemic such as the Black Death or AIDS

Explanation: Zero population growth means that population additions and reductions balance, commonly expressed in a basic closed-population model as…

Correct answer: means that the number of births equals the number of deaths in country in any given year
  • A. defined as the number of deaths per 1000 people per country per year
  • B. the rate at which infants survive past their first year
  • C. deaths of infants before they are one year old
  • D. the rate a which the elderly die in any given year

Explanation: The death rate measures deaths in a population, conventionally expressed as the number of deaths per 1,000 people per year.

Correct answer: defined as the number of deaths per 1000 people per country per year
  • A. New York
  • B. Africa
  • C. Pacific Islands
  • D. Eurasia

Explanation: Eurasia, particularly its Asian portion, contains the world’s largest population concentrations, including China and India.

Correct answer: Eurasia
  • A. a dramatic increase in population
  • B. a visible decrease in population
  • C. the systematic migration of populations to different areas
  • D. a return to an agrarian way of life

Explanation: Technological revolutions improve food production, medicine, and living conditions, causing a major rise in population.

Correct answer: a dramatic increase in population
  • A. traditional values
  • B. government subsidies for large families
  • C. low infant mortality
  • D. women's rights

Explanation: Traditional religious and social values may favour large families and discourage the use of contraception.

Correct answer: traditional values
  • A. infinite
  • B. finite
  • C. ready to support many more billions of people
  • D. dispensable

Explanation: Natural resources are finite because the stock of oil, minerals, forests, and other resources is limited, even though some can be renewed.

Correct answer: finite
  • A. constant increase
  • B. environmental depletion
  • C. environmental pollution
  • D. price stability

Explanation: Oil reserves decline as extraction continues, so U.S. oil supplies are subject to depletion.

Correct answer: environmental depletion
  • A. greater rainfall
  • B. greater crop yields
  • C. climate changes
  • D. fluorochlorocarbon production

Explanation: Ozone-layer depletion allows more ultraviolet radiation to reach Earth and can contribute to atmospheric and climate changes.

Correct answer: climate changes