Question 1

The social market economy in Germany

Accepted Answer

A) has long been a bone of contention internationally 
B) was put in place in the 1980s 
C) gives an important role to unions and religious organizations 
D) is based on state ownership of business 
A) has long been a bone of contention internationally 
B) was put in place in the 1980s 
C) gives an important role to unions and religious organizations 
D) is based on state ownership of business

Question 2

During its 1970s-economic crisis, Britain tried a corporatist wage bargaining approach, the result of which was that

Accepted Answer

A) Britain's labor unions became very similar to Germany's 
B) local unions ignored what peak associations negotiated 
C) the number of strikes was reduced 
D) British industry's influence was damaged 
A) Britain's labor unions became very similar to Germany's 
B) local unions ignored what peak associations negotiated 
C) the number of strikes was reduced 
D) British industry's influence was damaged

Question 3

The "opposite" of a market economy is a command economy.

Accepted Answer

A) True 
 B)False

Question 4

Why have some states intervened in the market economy more than others? Choose two very different examples and explain their contrasting approaches.

Accepted Answer

Answer varies.In general, students shoul

Question 5

The Japanese bureaucracy informally influences industries and firms through a practice known as

Accepted Answer

A) administrative guidance 
B) negotiated regulation 
C) state-business collusion 
D) the postal savings system 
A) administrative guidance 
B) negotiated regulation 
C) state-business collusion 
D) the postal savings system

Question 6

According to the VOC school of thought, wealthy market economies are divided into

Accepted Answer

A) FMIs and WTOs 
B) FMIs and LMEs 
C) CMEs and WTOs 
D) LMEs and CMEs 
A) FMIs and WTOs 
B) FMIs and LMEs 
C) CMEs and WTOs 
D) LMEs and CMEs

Question 7

Why can markets not provide public goods?

Accepted Answer

Public goods cannot or will no

Question 8

The argument that a dual convergence will take place, and CMEs and LMEs will continue to have significant differences, is a component of the

Accepted Answer

A) globalization assimilation policy 
B) liberal market economies argument 
C) varieties of capitalism (VO
C)  perspective 
D) competitive advantage strategy 
A) globalization assimilation policy 
B) liberal market economies argument 
C) varieties of capitalism (VO
C)  perspective 
D) competitive advantage strategy

Question 9

The Japanese model of market-state relations is known as

Accepted Answer

A) bureaucratic authoritarianism 
B) the developmental state 
C) social market democracy 
D) a command economy 
A) bureaucratic authoritarianism 
B) the developmental state 
C) social market democracy 
D) a command economy

Question 10

According to the "comparative institutional advantage" idea, globalization will eventually overwhelm the power of nation-states to set distinct economic policies.

Accepted Answer

A) True 
 B)False

Question 11

The cost of pollution produced by a factory is an example of

Accepted Answer

A) negative externality 
B) fiscal policy 
C) monetary policy 
D) capitalism 
A) negative externality 
B) fiscal policy 
C) monetary policy 
D) capitalism

Question 12

In the 1990s, one of Japan's largest economic problems was

Accepted Answer

A) lack of quality production 
B) dramatically decreased economic growth 
C) an unusually young population 
D) high levels of inequality 
A) lack of quality production 
B) dramatically decreased economic growth 
C) an unusually young population 
D) high levels of inequality

Question 13

Keynesianism and neoliberalism disagree with regard to unemployment because

Accepted Answer

A) Keynesianism posits that full employment is possible through correct economic policies. 
B) Neoliberalism posits that full employment is only possible with correct economic policies. 
C) Keynesianism posits that full employment is impossible regardless of economic policies. 
D) Neoliberalism posits that full employment is possible through certain economic policies. 
A) Keynesianism posits that full employment is possible through correct economic policies. 
B) Neoliberalism posits that full employment is only possible with correct economic policies. 
C) Keynesianism posits that full employment is impossible regardless of economic policies. 
D) Neoliberalism posits that full employment is possible through certain economic policies.

Question 14

Which of the following countries rely on an economic model defined as the "developmental state"?

Accepted Answer

A) the United States 
B) Germany 
C) Mexico 
D) Japan 
A) the United States 
B) Germany 
C) Mexico 
D) Japan

Question 15

What is the difference between monopolies and natural monopolies?

Accepted Answer

Students should explain that n

Question 16

The amount of money a government prints and puts into circulation and the basic interest rates the government sets are the basis of a state's

Accepted Answer

A) monetary policy 
B) fiscal policy 
C) environmental policy 
D) statutory policy 
A) monetary policy 
B) fiscal policy 
C) environmental policy 
D) statutory policy

Question 17

Germany's corporatist system long used tripartite agreements among government, business, and labor to set major social and economic policies.

Accepted Answer

A) True 
 B)False

Question 18

Neoliberalism was first championed by

Accepted Answer

A) Jimmy Carter 
B) John Maynard Keynes 
C) Tony Blair 
D) Milton Friedman 
A) Jimmy Carter 
B) John Maynard Keynes 
C) Tony Blair 
D) Milton Friedman

Question 19

Like Germany, Japan had a very successful economic model that fell on hard times in the 1990s.What changed to make the model less successful? How does this compare with the decline of Germany's social market economy model? What do both teach us about the future of CMEs in the face of globalization?

Accepted Answer

From text: "In the 1980s, the system of

Question 20

An economic system in which most prices, property, and production are directly controlled by the state is best defined as

Accepted Answer

A) capitalism 
B) a market economy 
C) communism 
D) a command economy 
A) capitalism 
B) a market economy 
C) communism 
D) a command economy

The social market economy in Germany

During its 1970s-economic crisis, Britain tried a corporatist wage bargaining approach, the result of which was that

The "opposite" of a market economy is a command economy.

Why have some states intervened in the market economy more than others? Choose two very different examples and explain their contrasting approaches.

The Japanese bureaucracy informally influences industries and firms through a practice known as

According to the VOC school of thought, wealthy market economies are divided into

Why can markets not provide public goods?

The argument that a dual convergence will take place, and CMEs and LMEs will continue to have significant differences, is a component of the

The Japanese model of market-state relations is known as

According to the "comparative institutional advantage" idea, globalization will eventually overwhelm the power of nation-states to set distinct economic policies.

The cost of pollution produced by a factory is an example of

In the 1990s, one of Japan's largest economic problems was

Keynesianism and neoliberalism disagree with regard to unemployment because

Which of the following countries rely on an economic model defined as the "developmental state"?

What is the difference between monopolies and natural monopolies?

The amount of money a government prints and puts into circulation and the basic interest rates the government sets are the basis of a state's

Germany's corporatist system long used tripartite agreements among government, business, and labor to set major social and economic policies.

Neoliberalism was first championed by

Like Germany, Japan had a very successful economic model that fell on hard times in the 1990s.What changed to make the model less successful? How does this compare with the decline of Germany's social market economy model? What do both teach us about the future of CMEs in the face of globalization?

An economic system in which most prices, property, and production are directly controlled by the state is best defined as

Introduction

The Modern State

States, Citizens, and Regimes

States and Identity

Governing Institutions in Democracies

Institutions of Participation and Representation in Democracies

Contentious Politics: Social Movements, Political Violence, and Revolution

Authoritarian Institutions

Regime Change

Political Economy of Development

Public Policies When Markets Fail: Welfare, Health, and the Environment

Filters

Exam 10: Political Economy of Wealth

The social market economy in Germany

During its 1970s-economic crisis, Britain tried a corporatist wage bargaining approach, the result of which was that

The "opposite" of a market economy is a command economy.

Why have some states intervened in the market economy more than others? Choose two very different examples and explain their contrasting approaches.

The Japanese bureaucracy informally influences industries and firms through a practice known as

According to the VOC school of thought, wealthy market economies are divided into

Why can markets not provide public goods?

The argument that a dual convergence will take place, and CMEs and LMEs will continue to have significant differences, is a component of the

The Japanese model of market-state relations is known as

According to the "comparative institutional advantage" idea, globalization will eventually overwhelm the power of nation-states to set distinct economic policies.

The cost of pollution produced by a factory is an example of

In the 1990s, one of Japan's largest economic problems was

Keynesianism and neoliberalism disagree with regard to unemployment because

Which of the following countries rely on an economic model defined as the "developmental state"?

What is the difference between monopolies and natural monopolies?

The amount of money a government prints and puts into circulation and the basic interest rates the government sets are the basis of a state's

Germany's corporatist system long used tripartite agreements among government, business, and labor to set major social and economic policies.

Neoliberalism was first championed by

Like Germany, Japan had a very successful economic model that fell on hard times in the 1990s.What changed to make the model less successful? How does this compare with the decline of Germany's social market economy model? What do both teach us about the future of CMEs in the face of globalization?

An economic system in which most prices, property, and production are directly controlled by the state is best defined as

Introduction

The Modern State

States, Citizens, and Regimes

States and Identity

Governing Institutions in Democracies

Institutions of Participation and Representation in Democracies

Contentious Politics: Social Movements, Political Violence, and Revolution

Authoritarian Institutions

Regime Change

Political Economy of Development

Public Policies When Markets Fail: Welfare, Health, and the Environment

Filters