Which principle is established by the United States Constitution?
Correct answer D. Principle of federalism
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Economics MCQs
Page 26 of Economics multiple-choice questions with answers. Tap an option to check yourself.
Page 26 of 131
- 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
What did the Constitutional Convention aim to achieve?
Correct answer B. To form a government that would serve the interests of all groups in the society
How are presidential programmes funded?
Correct answer D. By Congress
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Which trait is a feature of the United States government?
Correct answer A. Federalism
Why has the federal government taken on more responsibilities at local level?
Correct answer A. The states’ inefficiency
What is the US president’s most important role?
Correct answer D. Foreign policy maker
What does the term “constitutional” describe?
Correct answer A. A government that operates in accordance with general rules and limitations
In which type of country has the federal system worked particularly well?
Correct answer A. Large countries with regional differences
Federalism may be defined as a system of what kind of power?
Correct answer C. Concurrent power
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In which year did the United States government begin to function under its Constitution?
Correct answer A. 1788
What is the opposite of the rule of law?
Correct answer B. The rule of men
What are statistics that let researchers generalise from a sample to a population called?
Correct answer B. Inferential
What has sometimes prompted federal legislation?
Correct answer D. All of the above
Which statement about enacting legislation is true?
Correct answer D. All of the above
What is the third function of the legislative branch?
Correct answer B. Oversight
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What does the political process allow?
Correct answer C. Allows those representing minority views to try to become the majority
Which group did Marx see as the ruling elite?
Correct answer D. The bourgeoisie
According to C. Wright Mills, which group makes up the elite?
Correct answer A. The military-industrial-governmental complex
Which school of thought sees power as being brokered among various interest groups?
Correct answer A. Pluralism
From which groups is the power elite drawn?
Correct answer C. Military and business leaders