Question 1

A Keynesian diagnosis of economic downturn blames lack of demand and suggests that the solution is minimal intervention.

Accepted Answer

A) True 
 B)False

Question 2

Keynesians believe that changes in the ______ of a state are required to stimulate the economy.

Accepted Answer

A) fiscal policies 
B) social policies 
C) tax policies 
D) retirement age 
A) fiscal policies 
B) social policies 
C) tax policies 
D) retirement age

Question 3

Limited government intervention in the economy is typical of which of the following economic approaches?

Accepted Answer

A) Keynesianism 
B) privatizationism 
C) feudalism 
D) neoliberalism 
A) Keynesianism 
B) privatizationism 
C) feudalism 
D) neoliberalism

Question 4

What is one advantage of a coordinated market economy?

Accepted Answer

A) lessens the influence of labor unions 
B) encourages marginal innovation 
C) creates a flexible workforce that can migrate from firm to firm 
D) increases efficiency and variety in the stock market 
A) lessens the influence of labor unions 
B) encourages marginal innovation 
C) creates a flexible workforce that can migrate from firm to firm 
D) increases efficiency and variety in the stock market

Question 5

In comparison to German labor unions, Japanese unions are

Accepted Answer

A) weaker 
B) stronger 
C) at the same level of strength 
A) weaker 
B) stronger 
C) at the same level of strength

Question 6

Contrary to the common assumption that market economies are independent of governments, they in fact rely on the state in many ways.What are some of the ways that the state is important to the existence of a market economy?

Accepted Answer

States play essential roles, beneficial

Question 7

The idea of "convergence" implies that

Accepted Answer

A) globalization will force countries to converge their economic systems, creating a unified global currency 
B) globalization will make nation-states powerless and obsolete 
C) globalization will force similar economic and social policies across all countries 
D) none of these 
A) globalization will force countries to converge their economic systems, creating a unified global currency 
B) globalization will make nation-states powerless and obsolete 
C) globalization will force similar economic and social policies across all countries 
D) none of these

Question 8

Goods and services that cannot or will not be provided by the market because their costs are too high or their benefits too diffuse are called

Accepted Answer

A) natural monopolies 
B) public goods 
C) monopolies 
D) externalities 
A) natural monopolies 
B) public goods 
C) monopolies 
D) externalities

Question 9

Describe why sound monetary policy is now more difficult for a state to achieve.

Accepted Answer

more currencies are traded fre

Question 10

Briefly explain why the development of the welfare state in Germany began (what were the issues it was meant to address).

Accepted Answer

preempt the socialist threat;

Question 11

The Japanese model of regulated capitalism is known as the developmental state.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following countries have an economic model very close to the traditional concept of laissez faire?

Accepted Answer

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

Question 13

Why was the social market economy such a success story from the 1960s to the 1980s? What changed to make it seem less successful, and what does that teach us about the prospects for more extensive government intervention in the economy in the future?

Accepted Answer

Though a "conservative" party, the CDU o

Question 14

The primary school of thought opposing Keynesianism is known as

Accepted Answer

A) neoliberalism 
B) socialism 
C) demand-side 
D) regulated capitalism 
A) neoliberalism 
B) socialism 
C) demand-side 
D) regulated capitalism

Question 15

List at least two policy examples advocated by Keynesian economists.

Accepted Answer

deficit spending; sm

Question 16

Provide two examples of a coordinated market economy.

Accepted Answer

Answers may vary; th

Question 17

In a liberal market economy, government

Accepted Answer

A) plays a large role by negotiating agreement among different firms 
B) encourages insider trading between different firms 
C) creates strict antimonopoly laws 
D) all of these 
A) plays a large role by negotiating agreement among different firms 
B) encourages insider trading between different firms 
C) creates strict antimonopoly laws 
D) all of these

Question 18

When a state tries to prevent or regulate monopolies, it acts within which of the following?

Accepted Answer

A) its beneficial role 
B) its essential role 
C) its subordinate role 
D) its mandatory role 
A) its beneficial role 
B) its essential role 
C) its subordinate role 
D) its mandatory role

Question 19

Provide two examples of a liberal market economy.

Accepted Answer

answers may vary; th

Question 20

Among the beneficial roles of states, prevention or regulation of monopolies is an important task.Why is it considered "acceptable" even within states that believe in the limited role of the state in the economy?

Accepted Answer

Students should explain that m

A Keynesian diagnosis of economic downturn blames lack of demand and suggests that the solution is minimal intervention.

Keynesians believe that changes in the ______ of a state are required to stimulate the economy.

Limited government intervention in the economy is typical of which of the following economic approaches?

What is one advantage of a coordinated market economy?

In comparison to German labor unions, Japanese unions are

Contrary to the common assumption that market economies are independent of governments, they in fact rely on the state in many ways.What are some of the ways that the state is important to the existence of a market economy?

The idea of "convergence" implies that

Goods and services that cannot or will not be provided by the market because their costs are too high or their benefits too diffuse are called

Describe why sound monetary policy is now more difficult for a state to achieve.

Briefly explain why the development of the welfare state in Germany began (what were the issues it was meant to address).

The Japanese model of regulated capitalism is known as the developmental state.

Which of the following countries have an economic model very close to the traditional concept of laissez faire?

Why was the social market economy such a success story from the 1960s to the 1980s? What changed to make it seem less successful, and what does that teach us about the prospects for more extensive government intervention in the economy in the future?

The primary school of thought opposing Keynesianism is known as

List at least two policy examples advocated by Keynesian economists.

Provide two examples of a coordinated market economy.

In a liberal market economy, government

When a state tries to prevent or regulate monopolies, it acts within which of the following?

Provide two examples of a liberal market economy.

Among the beneficial roles of states, prevention or regulation of monopolies is an important task.Why is it considered "acceptable" even within states that believe in the limited role of the state in the economy?

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

A Keynesian diagnosis of economic downturn blames lack of demand and suggests that the solution is minimal intervention.

Keynesians believe that changes in the ______ of a state are required to stimulate the economy.

Limited government intervention in the economy is typical of which of the following economic approaches?

What is one advantage of a coordinated market economy?

In comparison to German labor unions, Japanese unions are

Contrary to the common assumption that market economies are independent of governments, they in fact rely on the state in many ways.What are some of the ways that the state is important to the existence of a market economy?

The idea of "convergence" implies that

Goods and services that cannot or will not be provided by the market because their costs are too high or their benefits too diffuse are called

Describe why sound monetary policy is now more difficult for a state to achieve.

Briefly explain why the development of the welfare state in Germany began (what were the issues it was meant to address).

The Japanese model of regulated capitalism is known as the developmental state.

Which of the following countries have an economic model very close to the traditional concept of laissez faire?

Why was the social market economy such a success story from the 1960s to the 1980s? What changed to make it seem less successful, and what does that teach us about the prospects for more extensive government intervention in the economy in the future?

The primary school of thought opposing Keynesianism is known as

List at least two policy examples advocated by Keynesian economists.

Provide two examples of a coordinated market economy.

In a liberal market economy, government

When a state tries to prevent or regulate monopolies, it acts within which of the following?

Provide two examples of a liberal market economy.

Among the beneficial roles of states, prevention or regulation of monopolies is an important task.Why is it considered "acceptable" even within states that believe in the limited role of the state in the economy?

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