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Economic Sociology and Social Network Analysis

Description: This quiz covers the concepts and theories related to Economic Sociology and Social Network Analysis. It explores the intersection of economic behavior and social structures, as well as the role of social networks in economic processes.
Number of Questions: 15
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Tags: economic sociology social network analysis economic behavior social structures networks
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What is the primary focus of Economic Sociology?

  1. The relationship between economic behavior and social structures.

  2. The analysis of social networks in economic contexts.

  3. The study of economic institutions and organizations.

  4. The examination of economic policies and their social impacts.

Show answer
Correct Option: A
Explanation:

Economic Sociology investigates how economic activities and behaviors are shaped by and interact with social structures, institutions, and cultural norms.

Which concept in Economic Sociology emphasizes the embeddedness of economic action in social relationships?

  1. Social Embeddedness

  2. Network Embeddedness

  3. Structural Embeddedness

  4. Institutional Embeddedness

Show answer
Correct Option: A
Explanation:

Social Embeddedness refers to the idea that economic activities and transactions are embedded in social relationships, norms, and institutions, rather than being purely rational and market-driven.

What is the main focus of Social Network Analysis in economic contexts?

  1. Examining the structure and dynamics of social networks among economic actors.

  2. Analyzing the impact of social networks on economic outcomes and behaviors.

  3. Identifying key individuals or groups within economic networks.

  4. Mapping the flow of resources and information through social networks.

Show answer
Correct Option: A
Explanation:

Social Network Analysis in economics aims to understand how social networks influence economic decision-making, resource allocation, and market outcomes.

Which theory in Economic Sociology emphasizes the role of social ties and networks in shaping economic outcomes?

  1. Social Capital Theory

  2. Network Theory

  3. Institutional Theory

  4. Rational Choice Theory

Show answer
Correct Option: A
Explanation:

Social Capital Theory posits that social ties and networks can provide individuals and groups with access to resources, information, and opportunities, thereby influencing their economic outcomes.

What is the concept of Granovetter's 'weak ties' in Social Network Analysis?

  1. Ties between individuals who are closely connected and share strong bonds.

  2. Ties between individuals who are distantly connected and have limited interaction.

  3. Ties between individuals who are connected through multiple intermediaries.

  4. Ties between individuals who are connected through formal organizations or institutions.

Show answer
Correct Option: B
Explanation:

Granovetter's 'weak ties' refer to social connections between individuals who are not closely connected but can provide access to diverse information and resources.

Which measure is commonly used in Social Network Analysis to quantify the centrality of nodes in a network?

  1. Degree Centrality

  2. Betweenness Centrality

  3. Closeness Centrality

  4. Eigenvector Centrality

Show answer
Correct Option: A
Explanation:

Degree Centrality measures the number of direct connections a node has in a network, indicating its level of connectivity.

What is the concept of 'structural holes' in Social Network Analysis?

  1. Positions in a network where there are no connections between certain nodes.

  2. Positions in a network where there are multiple connections between nodes.

  3. Positions in a network where there are strong ties between nodes.

  4. Positions in a network where there are weak ties between nodes.

Show answer
Correct Option: A
Explanation:

Structural holes refer to positions in a network where there are missing connections between nodes, creating opportunities for individuals to act as brokers or intermediaries.

Which theory in Economic Sociology emphasizes the role of social institutions in shaping economic behavior and outcomes?

  1. Institutional Theory

  2. Social Capital Theory

  3. Network Theory

  4. Rational Choice Theory

Show answer
Correct Option: A
Explanation:

Institutional Theory posits that social institutions, such as norms, rules, and cultural values, shape economic behavior and outcomes by influencing individuals' choices and actions.

What is the concept of 'social closure' in Economic Sociology?

  1. The tendency for individuals to form social ties with others who are similar to them.

  2. The tendency for individuals to form social ties with others who are different from them.

  3. The tendency for individuals to form social ties with others who are geographically close to them.

  4. The tendency for individuals to form social ties with others who are economically similar to them.

Show answer
Correct Option: A
Explanation:

Social closure refers to the tendency for individuals to form social ties with others who share similar characteristics, values, or backgrounds.

Which measure is commonly used in Social Network Analysis to quantify the clustering of nodes in a network?

  1. Degree Centrality

  2. Betweenness Centrality

  3. Closeness Centrality

  4. Clustering Coefficient

Show answer
Correct Option: D
Explanation:

Clustering Coefficient measures the extent to which nodes in a network tend to cluster together, indicating the level of local interconnectedness.

What is the concept of 'embeddedness' in Economic Sociology?

  1. The idea that economic activities are embedded in social relationships and institutions.

  2. The idea that economic activities are independent of social relationships and institutions.

  3. The idea that economic activities are determined by individual preferences and choices.

  4. The idea that economic activities are shaped by technological advancements.

Show answer
Correct Option: A
Explanation:

Embeddedness refers to the idea that economic activities and transactions are embedded in social relationships, norms, and institutions, rather than being purely rational and market-driven.

Which theory in Economic Sociology emphasizes the role of social networks in shaping economic outcomes by providing access to resources and opportunities?

  1. Social Capital Theory

  2. Network Theory

  3. Institutional Theory

  4. Rational Choice Theory

Show answer
Correct Option: A
Explanation:

Social Capital Theory posits that social ties and networks can provide individuals and groups with access to resources, information, and opportunities, thereby influencing their economic outcomes.

What is the concept of 'network externalities' in Economic Sociology?

  1. The benefits or costs that accrue to individuals or groups as a result of their participation in a network.

  2. The benefits or costs that accrue to individuals or groups as a result of their participation in a market.

  3. The benefits or costs that accrue to individuals or groups as a result of their participation in an institution.

  4. The benefits or costs that accrue to individuals or groups as a result of their participation in a community.

Show answer
Correct Option: A
Explanation:

Network externalities refer to the benefits or costs that accrue to individuals or groups as a result of their participation in a network, such as increased value or efficiency due to the number of participants.

Which measure is commonly used in Social Network Analysis to quantify the shortest path length between nodes in a network?

  1. Degree Centrality

  2. Betweenness Centrality

  3. Closeness Centrality

  4. Path Length

Show answer
Correct Option: D
Explanation:

Path Length measures the shortest path length between two nodes in a network, indicating the efficiency of information or resource flow.

What is the concept of 'social stratification' in Economic Sociology?

  1. The division of society into different social classes based on economic, social, or cultural factors.

  2. The division of society into different social groups based on race, ethnicity, or gender.

  3. The division of society into different social groups based on political power or influence.

  4. The division of society into different social groups based on religious beliefs or practices.

Show answer
Correct Option: A
Explanation:

Social stratification refers to the division of society into different social classes based on economic, social, or cultural factors, resulting in unequal access to resources, opportunities, and power.

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