Meaning and Scope of Anthropology MCQs |

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According to the expectations-augmented Phillips curve, what happens to the short-run and long-run relationship between inflation and unemployment?

A Both short-run and long-run show a stable negative trade-off between inflation and unemployment. B There is no short-run trade-off but a permanent long-run trade-off exists. C There is a short-run inverse relationship, but in the long run the curve is vertical at the natural rate of unemployment. D Unemployment permanently falls as inflation rises due to adaptive expectations.

Which of the following is a pure public good by standard economic definition?

A National defense: non-excludable and non-rivalrous. B Cable television subscription: non-rival but excludable. C Fisheries in the high seas: excludable and rivalrous. D A toll road: non-excludable and rivalrous.

Under a fixed exchange rate regime, which of the following policy implications is generally correct?

A Monetary policy is freely available to pursue independent domestic objectives without constraint. B Exchange rate adjustments occur frequently to stabilize domestic prices automatically. C Capital controls are never necessary to maintain the peg. D Monetary policy autonomy is constrained because central bank must defend the fixed rate.

Under IS–LM analysis, the degree of 'crowding out' of private investment by fiscal expansion is largest when which of the following describes the LM curve?

Which of the following best describes the difference between Gross Domestic Product (GDP) and Gross National Product (GNP)?

A GDP includes net factor income from abroad while GNP excludes it. B GNP equals GDP plus net factor income from abroad. C GDP measures income of nationals regardless of location while GNP measures output within domestic borders. D There is no difference; GDP and GNP are synonyms.

If the demand for a good is unit elastic at the current price, a small increase in price will most likely result in which of the following for total revenue?

What is the core realization behind the holistic approach to studying human beings?

A All people are fully and equally human B Ethnocentric beliefs are biologically inherited C People cannot be understood by studying either their biological makeup or their cultural background D All of the above

What is the academic discipline that focuses on the comprehensive study of human culture and its diverse practices?

Broadly defined, what is the primary focus of anthropology?

Meaning and Scope of Anthropology MCQs

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