How does a modern definition describe social class?
Correct answer B. Persons who have similar forms of power prestige or wealth
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Miscellaneous Economics MCQs
Page 10 of Miscellaneous Economics multiple-choice questions with answers. Tap an option to check yourself.
Page 10 of 37
- Miscellaneous Economics 737
- Basic of Economics 430
- Markets, Efficiency And The Public Interest 167
- Agriculture & Irrigation System of Pakistan 126
- Market 87
- Macroeconomic Issues and Analysis 75
- Money, Interest Rates And Output 73
- Introduction To Economics 70
- Population And Development 62
- Profit Maximizing Under Perfect Competition And Monopoly 56
- Income Inequality 52
- Non-Tariff Trade Barriers 48
- Aggregate Supply, Unemployment And Inflation 45
- Natural Resources and the Environment Toward Sustainable Development 44
- Costs , Supply And Perfect Competition 44
- Human Capital 42
- Labour Market 39
- Monopoly 35
- Long Term Economic Growth 30
- Inflation & Productivity 30
- Regional Trading Arrangements 29
- Characteristics and Institutions of Developing Countries 24
- Oligopoly 23
- Consumer Theory vs. Real Consumers 20
- Applied Microeconomics 20
- Alternative Theories Of The Firm 20
- Public Goods 20
- Balance of Payments, Aid and Foreign Investment 19
- Prices, Wages & Taxes 19
- Comparative GDP 19
- Budget Deficits And The Trade Balance 18
- Macroeconomic Policy Tools 18
- Asymmetric Information 17
- Application of Economics 16
- Production Factors 16
- Monopoly & Competition 15
- Capital Formation, Investment Choice, Information Technology, And Technical Progress 15
- Monetary, Fiscal And Incomes Policy, And Inflation 15
- Average And Total Cost 14
- Poverty, Malnutrition, And Income Inequality 12
- Monetary Union 10
Which of these groups enjoys both high status and wealth in our society?
Correct answer A. Physicians
Which system is characteristic of a strictly closed society?
Correct answer B. Caste
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Which society has completely eliminated social classes?
Correct answer D. None of the above
Which modern approach studies social class using several dimensions of the stratification system?
Correct answer D. SES
Which factor is most likely to help someone overcome the low status of their father’s occupation?
Correct answer A. Education
Among which groups are poverty rates usually highest?
Correct answer D. All of the above
Which of these puts downward pressure on prices?
Correct answer A. Elastic demand
Which description best fits the public sector?
Correct answer B. Economic activities in which the government engages for the public good
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On what is the price system based?
Correct answer D. Consumer demand
How does the circular flow of the economic process move?
Correct answer B. Household to firm to consumer and back again
Which of the following is a restriction on activity in a market?
Correct answer C. Income for labour
To what is poverty related?
Correct answer C. Patterns of prejudice and technological change
Which two approaches do most researchers now use to determine social class?
Correct answer A. Occupational prestige and socioeconomic status (SES)
How did Max Weber define power?
Correct answer C. Carry out one's wishes in spite of resistance
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What tends to be true of people who experience status inconsistency?
Correct answer D. Tend to suffer more frustration and dissatisfaction than those whose status is consistent
What are the dimensions of stratification?
Correct answer D. Class, status and power
How do conflict theorists view systems of stratification?
Correct answer A. Both coercive and resulting from class struggles
What do present-day theories of stratification offer?
Correct answer A. Offer two different ways of looking at inequality
Which of these is NOT a form of social differentiation?
Correct answer B. Head shape and eye colour