Exam 4: The Political Environment

Which of the following can be seen as aspects of the social-democratic (Keynesian welfare) state? Please select all that apply.

In a market economy government is normally involved in a range of relationships with business, including: (Please select all that apply.)

In the post-war years (1950s and 1960s) there was a broad consensus on government social and economic policy in the UK. This can be referred to in the following terms: (Please select all that apply.)

What are the basic features of democracy? Please select all that apply.

During the 1980s in the UK the political goal of 'rolling back' the state (i.e. reducing its size) has been referred to by the term:

The ability of business to respond effectively to market conditions, such as fluctuations in demand or sales, through flexible employment arrangements can be referred to as:

The term 'market failure' refers to:

Where the market system has popular support and there is a general belief that the market is a key element of a good society, this can be referred to as:

Between 2010 and 2017 the rate of corporation tax in the UK was reduced from 28 per cent to 19 per cent.

The basic features of democracy include the following. Please select all that apply.

What do the initials TUC stand for?

The capacity to make and enforce the rules under which we live is a unique form of power in society, exercised only by government or the state.

Which of the following were elements of the neoliberal approach in the UK during the 1980s? Please select all that apply.

What is politics? Please select all that apply.

Which of the following models of capitalism is based on an 'optimistic' view of markets?

In what ways can it be argued that there is a good 'fit' between democracy and a market economy? Please select all that apply.

In a market system based on private ownership of business and the right to manage, employers are free to decide the nature of workplace rules, such as the terms and conditions of employment.

What is meant by the term 'tax competitiveness'?

'Businesses never operate in a truly free market'.

George Osborne set out the case for lower taxes. What reasons did he give for this aim? Please select all that apply.