All Free Economics MCQs with Answers

• A. their culture is still at a primitive stage
• B. they have not yet reached the industrial stage of evolution when time is money
• C. like all lower-class persons they focus on the present
• D. time is not an important value in their culture

Explanation: The absence of a grammatical way to express time suggests that time may not have the same cultural importance or meaning in that society.

• A. every time a new administration comes into office
• B. when they inadvertently see a pornographic movie
• C. when they come in contact with an unfamiliar culture
• D. when they witness atrocities committed in wars

Explanation: Culture shock is the confusion, discomfort, or disorientation people may feel when they encounter unfamiliar customs, values, and social…

• A. history
• B. sociology
• C. political science
• D. psychology

Explanation: Sociology studies social life broadly, including institutions, religion, politics, crime, organizations, and environmental relations.

• A. verification
• B. generalization
• C. replication
• D. validation

Explanation: Replication means repeating a research study, usually to see whether the same results can be obtained.

• A. are conducted in both field and laboratory setting
• B. involve the risk that people may modify their behavior
• C. must involve control groups of some kind
• D. all of the above

Explanation: Experiments may be conducted in laboratories or in the field, and participants can alter their behavior when they know they are being…

• A. knows what to expect
• B. knows which data are relevant to the research problem
• C. records everything that he or she sees
• D. is most a home in experimental settings?

Explanation: A trained observer distinguishes information relevant to the research question from irrelevant detail and records it systematically.

• A. the value of scientific objectivity
• B. his or her own credentials
• C. his or her own findings
• D. the usefulness of scientific inquiry

Explanation: Scientific skepticism requires researchers to question and test their own findings rather than accepting them automatically.

• A. law
• B. concept
• C. value
• D. constant

Explanation: A variable can take different values, whereas a constant remains fixed. Law and concept are general terms, not opposites of variable.

• A. the American Revolution
• B. the French Revolution
• C. the Russian Revolution
• D. the Industrial Revolution

Explanation: The Industrial Revolution created major changes in urban life, labour, class relations and social organisation, prompting systematic study…

• A. a universal truth
• B. the scientist's conclusions
• C. a tentative statement of a topic that is subject to testing
• D. disagreement with a generally accepted theory

Explanation: A hypothesis is a provisional explanation or statement that can be tested against evidence.

• A. have been totally replaced the scientific method
• B. are all equally valid tools of inquiry
• C. are still used as tools of inquiry
• D. are just as exact as the scientific method

Explanation: Intuition, authority, tradition and common sense continue to influence inquiry, but they are less systematic and less testable than the…

• A. is as effective as in the natural sciences
• B. is hampered by difficulties in attaining objectivity
• C. has led to great discoveries in the human knowledge of the physical universe
• D. has been found to be totally useless

Explanation: Social research faces greater difficulties with objectivity because people interpret situations, change their behaviour and are also the…

• A. the social sciences deal with the behavior of people
• B. the social sciences deal with the extraterrestrial
• C. the social sciences have developed concrete laws of behavior while the natural sciences have only theories
• D. people behavior is predictable while the behavior of inanimate objects is not

Explanation: Social sciences observe human behaviour, which is influenced by meanings, choices and social settings.

• A. sociology
• B. psychology
• C. anthropology
• D. history

Explanation: Anthropology compares human cultures and societies, including preliterate societies for which written historical records may be limited.

• A. scientific observation
• B. systematic collection of data
• C. making data public
• D. selecting data to prove a point

Explanation: Scientific inquiry requires unbiased data collection and reporting. Selecting only data that supports a preferred conclusion is…

• A. impartiality
• B. doubting
• C. repetition
• D. precision

Explanation: Skepticism means withholding acceptance until evidence supports a claim, so it involves doubting or questioning.

• A. the most common method of social investigation
• B. based on controlling a variable and observing the results
• C. not used in the study of humans
• D. valid only if performed on white mice

Explanation: An experiment deliberately controls or changes one variable and observes its effect, often while holding other conditions constant.

• A. case study
• B. cross sectional sample
• C. longitudinal sample
• D. experiment

Explanation: A case study examines one person, organization, or small group in depth, making it suitable for intensive investigation.

• A. controlled inquiry
• B. relationships among variables
• C. consideration of independent and dependent variables
• D. all of the above

Explanation: Scientific research uses controlled inquiry to examine relationships among variables, including how independent variables affect dependent…

• A. scientific law
• B. set of concepts and generalization
• C. speculation about truth and beauty
• D. hunch regarding reality

Explanation: A theory organizes related concepts and generalizations into a systematic explanation of observed phenomena.