The Protestant Ethic supported capitalism through the religious doctrine that praised_________________?
Correct answer: A. hard work and thrift
- A. hard work and thrift
- B. predestination
- C. turning the other cheek
- D. buying indulgences
Explanation
According to the Protestant Ethic thesis, capitalism was encouraged by values such as disciplined hard work, saving and thrift. Predestination was part of Protestant theology, but it was not the work-and-saving ethic being asked about here.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Microeconomics
Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
Practise Microeconomics
1,742 free Microeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Economics questions like this
Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Microeconomics questions
With the shift from family capitalism to industrial capitalism the important unit became the_______________?
One of the side effects of advertising is that it________________?
Royal Dutch Shell Oil Co has branches in Holland Britain the United States and France This kind of corporation is called__________________?
In contemporary market systems competition____________________?
The market system consists of planning by__________________?
Specialized division of labor in industrial societies can make workers feel that they_______________?