All Free Economics MCQs with Answers

• A. Profit
• B. a change of supply
• C. a shift to the supply curve
• D. the law of supply

Explanation: The law of supply states that, other things remaining constant, producers offer more for sale when price rises and less when price falls.

• A. maintaining the class system
• B. encouraging social mobility
• C. promoting nationalism
• D. allowing the formation of a subculture and keeping children in school for a period of time

Explanation: Latent functions are unintended effects of schooling, such as creating subcultures and occupying children for a prolonged period.

• A. the masses
• B. a small elite
• C. productive persons
• D. the obviously intelligent

Explanation: Before industrialisation, formal education was costly and limited, so it mainly served a small elite such as nobles, clergy and…

• A. depth of religious feelings
• B. whether one believes in God or gods
• C. whether one participates in religious rituals
• D. a belief in heaven and hell

Explanation: Religiosity measures the depth or intensity of a person’s religious commitment, not merely whether the person believes in God or performs…

• A. the sympathetic interpretation of myths
• B. the rational system of ideas that explains a belief system
• C. a justification of the function of religion
• D. the rules of ritual observance

Explanation: Theology is the systematic and reasoned study of religious beliefs, doctrines and ideas.

• A. differentiation
• B. denomination
• C. institutionalization
• D. bureaucratization

Explanation: Institutionalization occurs when a leader’s personal charisma is converted into established rules, offices, rituals and routines that…

• A. Baptism
• B. Anglicanism
• C. Calvinism
• D. Lutheranism

Explanation: Weber linked Calvinist ideas, especially the calling, discipline and signs of election, with the spirit of modern capitalism.

• A. another name for atheism
• B. a fusion of Christianity and Marxism
• C. a doctrine of personal transcendence
• D. a branch of Roman Catholicism

Explanation: Liberation theology combines Christian teachings with Marxist-inspired analysis of poverty, exploitation and class inequality.

• A. income safety and deference
• B. life liberty and the pursuit of property
• C. survival and expressiveness
• D. control over nature and the denial of death

Explanation: Functionalist anthropology, especially Malinowski’s approach, treats survival and expressive or psychological needs as fundamental human…

• A. victims of child abuse become troubled adults
• B. the more severe the abuse the more extreme the later psychiatric symptoms
• C. not all abused children go on to abuse their own children
• D. all of the above

Explanation: Research links childhood abuse with troubled adulthood and generally finds that more severe abuse is associated with more serious later…

• A. includes physical and emotional neglect
• B. refers to a wide range of maltreatment
• C. has a victimization rate of 12.3 per 1,000 children
• D. only A B and C

Explanation: Child abuse is a broad category covering physical, emotional and neglectful maltreatment, and the cited victimization rate is part of the…

• A. is most popular among the 24-35 age group
• B. among working couples
• C. among college-educated high-income groups
• D. only A and B

Explanation: Cohabitation is especially common among adults aged roughly 24 to 35 and among working couples.

• A. a delay in the age of first marriage
• B. the increase of cohabitation
• C. the increase in the incidence of remaining single
• D. all of the above

Explanation: Marriage rates fall when people marry later, choose cohabitation instead of marriage, or remain single.

• A. a women's age at marriage
• B. a women's family income
• C. whether the women came from an intact family
• D. all of the aboveFinance

Explanation: Long-term marital stability has been associated with factors such as the woman's age at marriage, family income and experience of growing…

• A. Spending at least 20 hours with a person other than the mother
• B. Being cared for by the biological mother even if she would rather work outside the house
• C. We do not really know
• D. Being in a day-care center with other children of the same age

Explanation: There is no single care arrangement proven to be best for every child, because outcomes depend on care quality, family circumstances and…

• A. are predominantly homosexual
• B. represent an example of premarital life
• C. are an old phenomenon
• D. represent the great majority of couples

Explanation: Cohabitation commonly refers to unmarried partners living together, often as a premarital arrangement.

• A. renounces all responsibility for his children
• B. is often a "deadbeat dad"
• C. is usually unfit to be a parent
• D. none of the above

Explanation: A noncustodial parent does not automatically lose responsibility or become unfit; the term only means that the parent does not have…

• A. is a normal process from which people quickly recover?
• B. means freedom and happiness
• C. may bring devastating economic and emotional consequences
• D. none of the aboveEconomics

Explanation: Divorce can involve lost income, legal costs, housing disruption and significant emotional stress, especially for children and the…

• A. the jailing of spouse abusers and marital rapists
• B. "serial" or "throwaway" marriages
• C. male bonding and tribalism
• D. women,s lack of interest in marriage

Explanation: The sociological argument points to women's declining willingness to accept traditional marital roles and their reduced dependence on…

• A. micro conflict theory
• B. transactional analysis
• C. resource theory
• D. dependency theory

Explanation: Resource theory explains marital power through each spouse’s valued resources, such as income, education, or social connections.