Question 1

Why has liberalism become a more dominant political economic system over the past few decades? Is this change good or bad?

Accepted Answer

The answer of Why has liberalism become a more dominant...

Question 2

How the state manages the ownership of goods and services is referred to as:

Accepted Answer

A)  property rights.
B)  marketization.
C)  parasitism.
D)  civil property.
E)  asset rights.

Question 3

Taxes on imported goods are known as:

Accepted Answer

A)  tariffs.
B)  quotas.
C)  nontariff barriers.
D)  regulatory fees.
E)  free-trade zones.

Question 4

Neo-corporatism is an example of which political economic system?

Accepted Answer

A)  Social democracy.
B)  Communism.
C)  Mercantilism.
D)  Liberalism.
E)  Anarchism.

Question 5

Purchasing power parity is a way to measure:

Accepted Answer

A)  inequality between people.
B)  the buying power of income across countries.
C)  changes in inequality over time.
D)  differences in social expenditures.
E)  how high tax rates should be.

Question 6

Why is liberalism stronger in North America than in Europe?

Accepted Answer

The assertion that liberalism is stronge...

Question 7

Different views regarding the relationship between state and market in order to strike a relationship between freedom and equality are known as:

Accepted Answer

A)  economic statism.
B)  political market regimes.
C)  political-economic systems.
D)  market-property-state triads.
E)  economic attitudes.

Question 8

Japan's economic success is often attributed to which political economic system?

Accepted Answer

A)  Social democracy.
B)  Communism.
C)  Mercantilism.
D)  Liberalism.
E)  Statism.

Question 9

The UN Human Development Index measures:

Accepted Answer

A)  wealth, health, and education.
B)  wealth, goods, and services.
C)  health, transportation, and gender relations.
D)  wealth and gender relations.
E)  expenditures on health care relative to national defense.

Question 10

Which part of the world is most commonly associated with social democracy?

Accepted Answer

A)  South America.
B)  Europe.
C)  Asia.
D)  North America.
E)  The former Soviet Union.

Question 11

What has been the global trend of inequality over the past 20 years?

Accepted Answer

A)  Countries have become more equal relative to each other.
B)  Countries have become unequal relative to each other.
C)  Most countries' domestic populations have become more equal.
D)  The global distribution of domestic or international wealth has not changed.
E)  The global Gini coefficient has stayed largely the same.

Question 12

The state as a night watchman with few powers is associated with:

Accepted Answer

A)  liberalism.
B)  mercantilism.
C)  communism.
D)  social democracy.
E)  anarchism.

Question 13

If money becomes too costly to borrow, the result may be:

Accepted Answer

A)  deflation.
B)  inflation.
C)  devaluation.
D)  a fixed currency rate.
E)  uneven taxation rates.

Question 14

Public goods are best defined as:

Accepted Answer

A)  goods used by all or most in society that no one person can own.
B)  goods that only members of the state and government may use.
C)  any good that exists beyond the sovereignty of a state's borders.
D)  any good that exists solely within the sovereignty of a state's borders.
E)  the welfare state.

Question 15

Which political economic system views the economy as an instrument to serve state power and national sovereignty?

Accepted Answer

A)  Social democracy.
B)  Communism.
C)  Mercantilism.
D)  Liberalism.
E)  Anarchism.

Question 16

_________ are two of the most fundamental components of political economy.

Accepted Answer

A)  Markets and property
B)  Income and markets
C)  Property and assets
D)  Income and assets
E)  Supply and demand

Question 17

Countries with a wide range of social expenditures tend to have:

Accepted Answer

A)  less democracy.
B)  higher taxes.
C)  weaker states.
D)  greater inequality.
E)  more federalism.

Question 18

In many countries, most social expenditures benefit:

Accepted Answer

A)  the very poor.
B)  the middle class and the wealthy.
C)  only the wealthiest.
D)  only those with political connections.
E)  ethnic minorities.

Question 19

The Gini index is one way that social scientists measure:

Accepted Answer

A)  total national wealth.
B)  inequality.
C)  the environmental impact of development.
D)  the distribution of public goods.
E)  public health relative to national wealth.

Exam 4: Political Economy

The state as a night watchman with few powers is associated with:

Correct Answer
verified

Taxes on imported goods are known as:

Correct Answer
verified

In many countries, most social expenditures benefit:

Correct Answer
verified

Why is liberalism stronger in North America than in Europe?

Correct Answer
Answered by ExamLex AI
The assertion that liberalism is stronge...
View Answer

Japan's economic success is often attributed to which political economic system?

Correct Answer
verified

Different views regarding the relationship between state and market in order to strike a relationship between freedom and equality are known as:

Correct Answer
verified

The Gini index is one way that social scientists measure:

Correct Answer
verified

Which part of the world is most commonly associated with social democracy?

Correct Answer
verified

What has been the global trend of inequality over the past 20 years?

Correct Answer
verified

_________ are two of the most fundamental components of political economy.

Correct Answer
verified

Public goods are best defined as:

Correct Answer
verified

Neo-corporatism is an example of which political economic system?

Correct Answer
verified

How the state manages the ownership of goods and services is referred to as:

Correct Answer
verified

Which political economic system views the economy as an instrument to serve state power and national sovereignty?

Correct Answer
verified

Why has liberalism become a more dominant political economic system over the past few decades? Is this change good or bad?

Correct Answer
verified

If money becomes too costly to borrow, the result may be:

Correct Answer
verified

Purchasing power parity is a way to measure:

Correct Answer
verified

Countries with a wide range of social expenditures tend to have:

Correct Answer
verified

The UN Human Development Index measures:

Correct Answer
verified

Exam 4: Political Economy

The state as a night watchman with few powers is associated with:

Correct AnswerverifiedShow Answer

Taxes on imported goods are known as:

Correct AnswerverifiedShow Answer

In many countries, most social expenditures benefit:

Correct AnswerverifiedShow Answer

Why is liberalism stronger in North America than in Europe?

Correct AnswerAnswered by ExamLex AIThe assertion that liberalism is stronge...View AnswerShow Answer

Japan's economic success is often attributed to which political economic system?

Correct AnswerverifiedShow Answer

Different views regarding the relationship between state and market in order to strike a relationship between freedom and equality are known as:

Correct AnswerverifiedShow Answer

The Gini index is one way that social scientists measure:

Correct AnswerverifiedShow Answer

Which part of the world is most commonly associated with social democracy?

Correct AnswerverifiedShow Answer

What has been the global trend of inequality over the past 20 years?

Correct AnswerverifiedShow Answer

_________ are two of the most fundamental components of political economy.

Correct AnswerverifiedShow Answer

Public goods are best defined as:

Correct AnswerverifiedShow Answer

Neo-corporatism is an example of which political economic system?

Correct AnswerverifiedShow Answer

How the state manages the ownership of goods and services is referred to as:

Correct AnswerverifiedShow Answer

Which political economic system views the economy as an instrument to serve state power and national sovereignty?

Correct AnswerverifiedShow Answer

Why has liberalism become a more dominant political economic system over the past few decades? Is this change good or bad?

Correct AnswerverifiedShow Answer

If money becomes too costly to borrow, the result may be:

Correct AnswerverifiedShow Answer

Purchasing power parity is a way to measure:

Correct AnswerverifiedShow Answer

Countries with a wide range of social expenditures tend to have:

Correct AnswerverifiedShow Answer

The UN Human Development Index measures:

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
The assertion that liberalism is stronge...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified