Free Microeconomics MCQs with Answers
1,742 Microeconomics MCQs from Economics, each with the correct answer and a written explanation of why it is correct. Free and unlimited, with no account needed.
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.
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1,742 questions · page 23 of 88
- A. a group of guerrillas
- B. the military establishment
- C. life in a survivalist enclave
- D. a doomsday cult
Explanation: The military establishment is an enduring institutional subculture with stable membership, traditions, values, and norms.
Correct answer: the military establishment- A. hexahedron
- B. hermetic
- C. heterogeneous
- D. homogeneous
Explanation: Technologically advanced societies usually contain many ethnicities, occupations, lifestyles, and viewpoints, so they are heterogeneous.
Correct answer: heterogeneous- A. cultural relativity
- B. "ethnic cleansing"
- C. ethnic pluralism
- D. assimilation
Explanation: Ethnochauvinism treats one's own ethnic or cultural group as superior to others, and ethnic cleansing is an extreme attempt to remove or…
Correct answer: "ethnic cleansing"- A. one,s own culture subculture or society is best bar none
- B. women are subordinate in every culture
- C. other cultures can be judged by the standards of one,s own
- D. the males of a given ethnic group are superior
Explanation: Ethnochauvinism is the belief that one's own culture or society is unquestionably superior to all others.
Correct answer: one,s own culture subculture or society is best bar none- A. everyone fears pain and embarrassment
- B. individuals are anxious to be accepted
- C. people need to be manipulated
- D. independent though and action are too hard
Explanation: Norms influence behaviour because people generally seek social approval and fear rejection or disapproval from others.
Correct answer: individuals are anxious to be accepted- A. mores
- B. a cultural trait
- C. a taboo
- D. a cultural complex
Explanation: A taboo is a strongly prohibited act that a society regards as deeply offensive or forbidden, and cannibalism is treated this way in many…
Correct answer: a taboo- A. dictate conduct in every situation
- B. are specifically spelled out
- C. are often contradictory
- D. all of the above
Explanation: Values provide general standards rather than dictating conduct in every circumstance, and they are not always formally stated.
Correct answer: are often contradictory- A. symbols have universal meaning
- B. symbols are intrinsically meaningful
- C. symbols are biologically determined
- D. none of the above
Explanation: Symbols receive meaning through social agreement and interpretation, whereas signals generally convey information more directly or…
Correct answer: none of the above- A. are interrelated and interdependent
- B. are in continual conflict
- C. are separate phenomena
- D. all of the above
Explanation: Society consists of organized relationships among people, while culture provides the shared beliefs, values, and practices that guide…
Correct answer: are interrelated and interdependent- A. rules roles and norms
- B. society culture and the individual
- C. income safety and deference
- D. class status and power
Explanation: Human conduct develops through the interaction of the individual with society and culture.
Correct answer: society culture and the individual- A. arise from fundamental human needs
- B. include government the economy education the family and religion
- C. differ in traits and culture complexes from society to society
- D. all of the above
Explanation: Pivotal institutions develop to meet basic human needs and include major institutions such as government, the economy, education, family…
Correct answer: all of the above- A. an attitude with which members of one society judge another society according to their own standards
- B. the attitude that cultures be analyzed on their own terms
- C. the attitude that certain values and practices are common to all cultures
- D. all of the above
Explanation: Ethnocentrism means judging another society by the standards of one's own society.
Correct answer: an attitude with which members of one society judge another society according to their own standards- A. ethnocentrism
- B. cultural relativity
- C. ethnic uniformity
- D. cultural pride
Explanation: Calling head hunting wrong without considering the practice within the other culture's own standards reflects ethnocentrism.
Correct answer: ethnocentrism- A. norm
- B. guideline
- C. folkway
- D. value
Explanation: A value is a judgment about what is good, desirable, moral, beautiful, or right.
Correct answer: value- A. A football games
- B. The football itself
- C. The NFL rules
- D. "competition is good for you"
Explanation: Material culture consists of physical objects created or used by people, such as a football.
Correct answer: The football itself- A. when people commit too many sins
- B. when the court system declares that they are needed
- C. when the folkways and mores are not sufficient to control behavior
- D. when it is necessary to create folkways and mores
Explanation: Formal laws become necessary when informal controls such as folkways and mores do not adequately regulate behavior.
Correct answer: when the folkways and mores are not sufficient to control behavior- A. animals larger and stronger
- B. people communicate with symbols while animals communicate with signals
- C. biology dictates human behavior while instincts direct animal behavior
- D. people live in families while animals live in tribes
Explanation: In the standard sociology distinction used here, humans communicate through symbols whose meanings are learned and socially shared, while…
Correct answer: people communicate with symbols while animals communicate with signals458. A counterculture ?
- A. emphasizes math
- B. is based in stores
- C. opposes values of the mainstream culture
- D. none of the above
Explanation: A counterculture deliberately rejects or challenges important values and practices of the dominant culture.
Correct answer: opposes values of the mainstream culture- A. A rock bands
- B. The economy
- C. A jail
- D. A symphony orchestra
Explanation: The economy is a pivotal social institution because it organizes the production, distribution, and consumption of goods and services.
Correct answer: The economy- A. one cultural trait
- B. a psychological condition
- C. a cluster of traits centered around a common activity
- D. a theater symphony hall and museum
Explanation: A culture complex combines several related cultural traits around one common activity, such as the beliefs, rules, tools, and practices…
Correct answer: a cluster of traits centered around a common activity