All Free Economics MCQs with Answers

• A. make people feel free
• B. secure that will of the people
• C. give legitimate authority to the government in power
• D. fool the people some of the time

Explanation: A myth complex supplies symbolic stories and historical justifications that make the existing government appear rightful and…

• A. definitely proven to increase the crime rate
• B. definitely proven to improve school learning
• C. providing realistic view of the world
• D. none of the above

Explanation: No reliable general conclusion says television definitely increases crime or improves learning, and television does not always present…

• A. peer group
• B. school
• C. family
• D. mass media

Explanation: The family is normally the first and most influential agent of socialization because children initially learn language, behaviour and…

• A. a sense of calm
• B. love of all humans
• C. anxiety
• D. none of the above

Explanation: Modern competitive social life often creates anxiety because people face pressure, uncertainty and continual evaluation.

• A. naires
• B. personal interviews
• C. previously gathered statistical information
• D. all of the above

Explanation: Survey information may come from questionnaires, personal interviews and previously collected statistical records.

• A. significant others
• B. generalized others
• C. the l and the me
• D. the ego and the superego

Explanation: Significant others are people whose opinions matter to us and whose approval helps shape our self-concept.

• A. conscious socialization
• B. unconscious socialization
• C. subconscious socialization
• D. conscience socialization

Explanation: Directly instructing a child about acceptable behaviour is conscious socialization because an adult deliberately teaches the norm.

• A. learning
• B. social interaction
• C. body contact
• D. all of the above

Explanation: Infants require learning, interaction with other people and physical contact for healthy social and emotional development.

• A. successfully socialized
• B. brainwashed
• C. conditioned
• D. a significant other

Explanation: A person is successfully socialized when they understand expected roles and can willingly perform them.

• A. the absence of others
• B. genes alone
• C. contact with other humans
• D. the existence of schools or the media

Explanation: Human social development depends on interaction and contact with other humans, especially during infancy.

• A. more control over data than physics
• B. complete objectivity
• C. problems with studying people in laboratories
• D. been accepted as equally valid as the physical sciences

Explanation: People cannot be studied exactly like physical objects because their behaviour changes when they know they are being observed and cannot…

• A. relative to time and place of study and subject to revision
• B. absolute truths for all times
• C. universally accepted
• D. personal opinions of important scholars

Explanation: Scientific conclusions depend on the evidence, conditions and methods of a study, so later evidence can modify or revise them.

• A. case study
• B. observation
• C. experiment
• D. social research

Explanation: An experiment involves deliberately controlling or changing one variable and observing its effect while recording the results.

• A. status is always achieved
• B. status is always ascribed
• C. status is both achieved and ascribed
• D. status has no importance

Explanation: In an open or class system, people may gain status through achievement, such as education or occupation, while also receiving ascribed…

• A. income
• B. years of education
• C. prestigious position
• D. all of the above

Explanation: The objective approach uses measurable indicators of class, including income, education and occupational prestige.

• A. late marriage
• B. rural residence
• C. one of many children
• D. none of the above

Explanation: Late marriage can increase individual mobility by allowing more time for education, skill-building and occupational advancement before…

• A. industrialization
• B. agriculture
• C. pastoralism
• D. hunter-gatherers

Explanation: Industrial societies require occupational skills and allow movement between education and employment positions, which supports open…

• A. one person's demand for goods and services
• B. the lack of demand for goods and services
• C. the total demand in a society or on a world level for goods and services
• D. none of the above

Explanation: Aggregate demand means total planned spending on goods and services in an economy, usually represented by consumption, investment…

• A. the southern regions of the world
• B. the North-South Axis
• C. the northern regions of the world
• D. the North and South Pole

Explanation: Middle- and low-income countries are concentrated mainly in the Global South, which broadly refers to the southern regions of the world.

• A. 10%
• B. 35%
• C. 56%
• D. 5%

Explanation: The stated figure is 56%, reflecting the large share of the world’s population living in low-income areas in the source’s development…