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Miscellaneous Economics Mcqs

The price system is based on……………?

A. a government plan
B. tradition
C. consumer demand
D. the command of a ruler

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The circular nature of the economic process occurs from……………..?

A. firm to firm
B. household to firm to consumer and back again
C. government to consumer
D. firm to consumer

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Some of the restrictions as work in a market include…………….?

A. prices of goods and services
B. income for labor
C. prices of resources for firms
D. all of the above

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Poverty is related to……………?

A. technological changes only
B. lack of work ethic
C. patterns of prejudice and technological change
D. discrimination only

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Most researchers today use only two approaches to determine social class They are the……………?

A. life style approach
B. reputational approach
C. subjective approach
D. occupational prestige and socioeconomic status(SES)

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Power is defined by Max Weber as the ability to………………?

A. be the strongest in mind and body
B. carry out one,s wishes in spite of resistance
C. gain consent
D. do as one pleases

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People who suffer from status inconsistency………………?

A. usually do not worry about it
B. tend to suffer more frustration and dissatisfaction than those whose status is consistent
C. work hard to accumulate wealth to make up for it
D. willingly accept a lower status in return for social recognition

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Which are the dimensions of stratification ?

A. Class status and power
B. Family background attractiveness wealth
C. Talent service goodness
D. Caste estate feudalism

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Conflict theorists view stratification systems as…………..?

A. resulting from class struggles
B. effects of the law of nature
C. mechanisms of coercion
D. BOTH coercive and resulting from class struggles

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Present theories of stratification………………?

A. offer ways to end inequality
B. answer the of what causes inequality
C. agree that inequality is an evil
D. offer two different ways of looking at inequality

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