Economic Anthropology MCQs

By: Prof. Dr. Fazal Rehman Shamil | Last updated: August 6, 2024

  1. What is the main focus of economic anthropology?
    A) The study of ancient economies
    B) The analysis of modern financial markets
    C) The study of how human societies organize their economic systems
    D) The development of economic theories
    Answer: C) The study of how human societies organize their economic systems
  2. Which of the following is a key concept in economic anthropology?
    A) Supply and demand
    B) GDP
    C) Reciprocity
    D) Inflation
    Answer: C) Reciprocity
  3. Who is known for their work on the concept of “the gift” in economic anthropology?
    A) Bronislaw Malinowski
    B) Karl Polanyi
    C) Marcel Mauss
    D) Clifford Geertz
    Answer: C) Marcel Mauss
  4. What does the term “subsistence economy” refer to?
    A) An economy focused on producing goods for export
    B) An economy based on the mass production of goods
    C) An economy in which people produce only what they need to survive
    D) An economy driven by technological innovation
    Answer: C) An economy in which people produce only what they need to survive
  5. Which of the following is an example of a non-market economy?
    A) Capitalist economy
    B) Socialist economy
    C) Gift economy
    D) Mixed economy
    Answer: C) Gift economy
  6. What is the “formalist” approach in economic anthropology?
    A) An approach that views economic behavior as universally rational
    B) An approach that emphasizes cultural and social factors in economic behavior
    C) An approach that focuses on historical economic systems
    D) An approach that rejects the use of economic models
    Answer: A) An approach that views economic behavior as universally rational
  7. What is “redistribution” in the context of economic anthropology?
    A) The exchange of goods and services in a market
    B) The centralized collection and distribution of goods by a political authority
    C) The accumulation of wealth by individuals
    D) The trade of goods and services between individuals
    Answer: B) The centralized collection and distribution of goods by a political authority
  8. Which anthropologist is known for their analysis of “The Great Transformation” and the impact of market economies on society?
    A) Bronislaw Malinowski
    B) Karl Polanyi
    C) Marcel Mauss
    D) Clifford Geertz
    Answer: B) Karl Polanyi
  9. What does the term “economic system” refer to in economic anthropology?
    A) The laws and regulations governing economic activities
    B) The technological innovations in an economy
    C) The ways in which societies organize production, distribution, and consumption of goods
    D) The financial institutions in a society
    Answer: C) The ways in which societies organize production, distribution, and consumption of goods
  10. Which concept describes the mutual exchange of goods and services without the use of money?
    A) Capitalism
    B) Socialism
    C) Barter
    D) Trade deficit
    Answer: C) Barter
  11. What is “mode of production” in economic anthropology?
    A) The way in which a society produces its food
    B) The overall economic environment of a society
    C) The combination of productive forces and relations of production
    D) The level of technological advancement in a society
    Answer: C) The combination of productive forces and relations of production
  12. Which type of economy is characterized by small-scale production for local consumption rather than for market exchange?
    A) Industrial economy
    B) Subsistence economy
    C) Global economy
    D) Digital economy
    Answer: B) Subsistence economy
  13. Who proposed the concept of “moral economy” in economic anthropology?
    A) Bronislaw Malinowski
    B) E. P. Thompson
    C) Clifford Geertz
    D) Marcel Mauss
    Answer: B) E. P. Thompson
  14. What is “economic stratification”?
    A) The study of ancient economies
    B) The division of society into classes based on economic status
    C) The development of economic policies
    D) The regulation of economic activities by the government
    Answer: B) The division of society into classes based on economic status
  15. In economic anthropology, what is “embeddedness”?
    A) The degree to which economic activities are separated from social relations
    B) The integration of economic activities within social, political, and cultural contexts
    C) The focus on technological advancement in economic systems
    D) The universal application of economic models
    Answer: B) The integration of economic activities within social, political, and cultural contexts

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