Question 1

Parastatals are commonly associated with which political economic systems?

Accepted Answer

A) Mercantilism and communism. 
B) Anarchism and liberalism. 
C) Mercantilism and social democracy. 
D) Social democracy and anarchism. 
E) Anarchism and communism. 
A) Mercantilism and communism. 
B) Anarchism and liberalism. 
C) Mercantilism and social democracy. 
D) Social democracy and anarchism. 
E) Anarchism and communism. C

Question 2

Does inequality pose a threat to any particular political economic system(s)? Can inequality grow if everyone's standard of living is on the rise? What political economic system is likely to produce the greatest amount of happiness?

Accepted Answer

Answer will vary.

Question 3

The total market value of all goods and products produced in a year is known as:

Accepted Answer

A) the gross domestic product. 
B) the national comparative income. 
C) comparative national economics. 
D) purchasing power parity. 
E) the Human Development Index. 
A) the gross domestic product. 
B) the national comparative income. 
C) comparative national economics. 
D) purchasing power parity. 
E) the Human Development Index. A

Question 4

Over the past 25 years, countries around the world have become:

Accepted Answer

A) more liberal. 
B) less liberal. 
C) more Communist. 
D) more mercantilist. 
E) less healthy. 
A) more liberal. 
B) less liberal. 
C) more Communist. 
D) more mercantilist. 
E) less healthy.

Question 5

Since 2008, the main trend in political economic systems has been:

Accepted Answer

A) increased criticism of liberalism. 
B) increased criticism of social democracy. 
C) resurgent communism. 
D) a growth in anarchic political economic systems. 
E) shifts in tax forms from national income tax to value-added tax. 
A) increased criticism of liberalism. 
B) increased criticism of social democracy. 
C) resurgent communism. 
D) a growth in anarchic political economic systems. 
E) shifts in tax forms from national income tax to value-added tax.

Question 6

Which political economic system views property as a form of exploitation?

Accepted Answer

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

Question 7

For whom is free trade positive? For whom is it negative? Should trade be controlled and, if so, by what means and in what areas?

Accepted Answer

Free trade is generally seen as positive

Question 8

There is a strong connection between political economic systems and:

Accepted Answer

A) ideology. 
B) political attitudes. 
C) the electoral system. 
D) level legitimacy. 
E) electoral systems. 
A) ideology. 
B) political attitudes. 
C) the electoral system. 
D) level legitimacy. 
E) electoral systems.

Question 9

Social democracy can be defined as a system that:

Accepted Answer

A) attempts to balance freedom and equality. 
B) favors equality over freedom. 
C) favors freedom over equality. 
D) opposes both freedom and equality. 
E) favors environmental concerns over freedom and equality. 
A) attempts to balance freedom and equality. 
B) favors equality over freedom. 
C) favors freedom over equality. 
D) opposes both freedom and equality. 
E) favors environmental concerns over freedom and equality.

Question 10

Markets can best be defined as:

Accepted Answer

A) fixed locations where products are bartered. 
B) the interaction between the forces of supply and demand that allocate resources. 
C) government-produced public goods. 
D) an outmoded form of resource distribution. 
E) an indirect form of taxation. 
A) fixed locations where products are bartered. 
B) the interaction between the forces of supply and demand that allocate resources. 
C) government-produced public goods. 
D) an outmoded form of resource distribution. 
E) an indirect form of taxation.

Question 11

Which of the following is not a public good in the United States?

Accepted Answer

A) National defense. 
B) Health care. 
C) Primary education. 
D) Highways. 
E) Police. 
A) National defense. 
B) Health care. 
C) Primary education. 
D) Highways. 
E) Police.

Question 12

Liberalism's view of the relationship between freedom and equality is to favor:

Accepted Answer

A) equality over freedom. 
B) freedom over equality. 
C) freedom and equality equally. 
D) neither freedom nor equality. 
E) democracy over freedom and equality. 
A) equality over freedom. 
B) freedom over equality. 
C) freedom and equality equally. 
D) neither freedom nor equality. 
E) democracy over freedom and equality.

Question 13

Restrictions that make it difficult to sell foreign goods in local markets are examples of:

Accepted Answer

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

Question 14

What is the relationship between wealth and happiness?

Accepted Answer

A) Wealthier countries are generally unhappier than poorer ones. 
B) Wealthier countries are generally happier than poorer ones. 
C) Wealthier countries are generally as happy as poor countries. 
D) There is no neat relationship between wealth and overall happiness. 
E) People in the Northern Hemisphere are happier than people in the Southern Hemisphere. 
A) Wealthier countries are generally unhappier than poorer ones. 
B) Wealthier countries are generally happier than poorer ones. 
C) Wealthier countries are generally as happy as poor countries. 
D) There is no neat relationship between wealth and overall happiness. 
E) People in the Northern Hemisphere are happier than people in the Southern Hemisphere.

Question 15

The ________ is in charge of regulating the supply of money in a country.

Accepted Answer

A) national trust 
B) central bank 
C) currency board 
D) federal mint 
E) gold standard 
A) national trust 
B) central bank 
C) currency board 
D) federal mint 
E) gold standard

Question 16

When governments print more money because they lack revenue, one result may be:

Accepted Answer

A) hyperdeflation. 
B) hyperdevaluation. 
C) hyperinflation. 
D) hyperfixation. 
E) hypertaxation. 
A) hyperdeflation. 
B) hyperdevaluation. 
C) hyperinflation. 
D) hyperfixation. 
E) hypertaxation.

Question 17

What basic public goods should a state provide? What should be left to the market?

Accepted Answer

The basic public goods that a state shou

Question 18

If too much money is available relative to the supply of goods, one problem that may result is:

Accepted Answer

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

Question 19

In the United States, the government cannot take a citizen's property without just compensation.This is an example of:

Accepted Answer

A) democracy. 
B) capitalism. 
C) a property right. 
D) a weak state. 
E) social democracy. 
A) democracy. 
B) capitalism. 
C) a property right. 
D) a weak state. 
E) social democracy.

Question 20

Mercantilism is best associated with which of the following policies?

Accepted Answer

A) Free trade. 
B) Tariff barriers. 
C) Elimination of all private property. 
D) Neo-corporatism. 
E) National health care. 
A) Free trade. 
B) Tariff barriers. 
C) Elimination of all private property. 
D) Neo-corporatism. 
E) National health care.

Parastatals are commonly associated with which political economic systems?

Does inequality pose a threat to any particular political economic system(s)? Can inequality grow if everyone's standard of living is on the rise? What political economic system is likely to produce the greatest amount of happiness?

The total market value of all goods and products produced in a year is known as:

Over the past 25 years, countries around the world have become:

Since 2008, the main trend in political economic systems has been:

Which political economic system views property as a form of exploitation?

For whom is free trade positive? For whom is it negative? Should trade be controlled and, if so, by what means and in what areas?

There is a strong connection between political economic systems and:

Social democracy can be defined as a system that:

Markets can best be defined as:

Which of the following is not a public good in the United States?

Liberalism's view of the relationship between freedom and equality is to favor:

Restrictions that make it difficult to sell foreign goods in local markets are examples of:

What is the relationship between wealth and happiness?

The ________ is in charge of regulating the supply of money in a country.

When governments print more money because they lack revenue, one result may be:

What basic public goods should a state provide? What should be left to the market?

If too much money is available relative to the supply of goods, one problem that may result is:

In the United States, the government cannot take a citizen's property without just compensation.This is an example of:

Mercantilism is best associated with which of the following policies?

Introduction

States

Nations and Society

Democratic Regimes

Nondemocratic Regimes

Political Violence

Advanced Democracies

Communism and Postcommunism

Less-Developed and Newly Industrializing Countries

Globalization and the Future of Comparative Politics

Filters

Exam 4: Political Economy

Parastatals are commonly associated with which political economic systems?

Does inequality pose a threat to any particular political economic system(s)? Can inequality grow if everyone's standard of living is on the rise? What political economic system is likely to produce the greatest amount of happiness?

The total market value of all goods and products produced in a year is known as:

Over the past 25 years, countries around the world have become:

Since 2008, the main trend in political economic systems has been:

Which political economic system views property as a form of exploitation?

For whom is free trade positive? For whom is it negative? Should trade be controlled and, if so, by what means and in what areas?

There is a strong connection between political economic systems and:

Social democracy can be defined as a system that:

Markets can best be defined as:

Which of the following is not a public good in the United States?

Liberalism's view of the relationship between freedom and equality is to favor:

Restrictions that make it difficult to sell foreign goods in local markets are examples of:

What is the relationship between wealth and happiness?

The ________ is in charge of regulating the supply of money in a country.

When governments print more money because they lack revenue, one result may be:

What basic public goods should a state provide? What should be left to the market?

If too much money is available relative to the supply of goods, one problem that may result is:

In the United States, the government cannot take a citizen's property without just compensation.This is an example of:

Mercantilism is best associated with which of the following policies?

Introduction

States

Nations and Society

Democratic Regimes

Nondemocratic Regimes

Political Violence

Advanced Democracies

Communism and Postcommunism

Less-Developed and Newly Industrializing Countries

Globalization and the Future of Comparative Politics

Filters