Free Microeconomics MCQs with Answers

• 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.

• A. psychology
• B. geology
• C. sociology
• D. none of the above

Explanation: Sociology studies human social groups, institutions, and patterns of group behavior.

• A. government
• B. state
• C. power
• D. all of the above

Explanation: Political science examines government and the state, as well as how power is acquired and exercised within them.

• A. genetics
• B. geography
• C. chemistry
• D. physiology

Explanation: Geography studies people, places, and their interaction with the natural environment.

• A. primitive people only
• B. prehistoric people only
• C. modern peoples only
• D. none of the above

Explanation: Anthropology studies human beings and cultures across both past and present societies, not only primitive, prehistoric, or modern peoples.

• A. scholars emphasized the supernatural
• B. scholars denied the possibility of a scientific study of humans
• C. a number of scholars believed human social life could be studied scientifically
• D. none of the above

Explanation: The Enlightenment promoted reason and empirical inquiry, encouraging scholars to treat human social life as something that could be…

• A. firm
• B. household
• C. market
• D. product

Explanation: A firm combines land, labour, capital and entrepreneurship to produce goods or services, deciding how resources should be used.

• A. the content and flow of goods and services to take place without any fixed plan
• B. buyers and sellers not needing to know how the market works in order to act in it
• C. the economy to function so that all participants derive some satisfaction
• D. all of the above

Explanation: The market mechanism coordinates production and exchange through prices rather than one central plan, and participants can act without…

• A. the most important feature of stratification
• B. restricted to a small elite in traditional societies
• C. widely distributed and diffused in industrial societies
• D. all of the above

Explanation: Power is a major basis of social stratification, tends to be concentrated among elites in traditional societies, and is more widely…

• A. wealth
• B. property
• C. social influence
• D. color

Explanation: Martin Luther King Jr. gained status mainly through social influence as a civil-rights leader, not through wealth, property, or racial…

• A. property was the only determinant of class
• B. class was based on exploitation of the masses
• C. class is closely related to life chances
• D. societies should have at least three classes

Explanation: Weber linked class position to life chances, meaning a person's opportunities to obtain income, education, employment, and other…

• A. private ownership of the means of production perpetuates class divisions
• B. talented people will always rise to the top
• C. religion helps fight social inequality
• D. the bourgeoisie will eventually triumph

Explanation: Marx argued that private ownership of the means of production divides society into classes such as the bourgeoisie and proletariat.

• A. nature demands the existence of social classes
• B. there is a limited number of skilled talented people thus they should be rewarded
• C. resources are plentiful so there is enough for all
• D. people were not meant to work

Explanation: Structural functionalism, especially the Davis-Moore view, holds that societies have a limited supply of highly skilled or talented…

• A. resources belong to all the people
• B. only the strongest persons should control the resources of a society
• C. the weak shall inherit the earth
• D. natural selection was a hoax

Explanation: Social Darwinists applied the idea of survival of the fittest to society and argued that the strongest or most capable should dominate…