Question 1

The globalization debate was first manifested in the 1970s in wealthy countries as a concern about deindustrialization

Accepted Answer

A) True 
 B)False

Question 2

Fiscal policy refers to the

Accepted Answer

A) amount of money a government prints and puts into circulation 
B) interest rates the government sets 
C) government's budgetary policy 
D) government's deficit spending 
A) amount of money a government prints and puts into circulation 
B) interest rates the government sets 
C) government's budgetary policy 
D) government's deficit spending

Question 3

Neoliberals in the 1980s were skeptical about which notion?

Accepted Answer

A) the ability of a state to foster economic growth through intervention in the market 
B) the ability of the market to recover after a collapse 
C) the ability of undeveloped states to keep up with industrialized nations 
D) the ability of international economic NGOs 
A) the ability of a state to foster economic growth through intervention in the market 
B) the ability of the market to recover after a collapse 
C) the ability of undeveloped states to keep up with industrialized nations 
D) the ability of international economic NGOs

Question 4

The European common currency, the euro, was established by

Accepted Answer

A) the Helsinki Accords 
B) the Treaty of Rome 
C) the Treaty of Maastricht 
D) the Treaty of Paris 
A) the Helsinki Accords 
B) the Treaty of Rome 
C) the Treaty of Maastricht 
D) the Treaty of Paris

Question 5

The control of the entire supply of a valued good or service by one economic actor is known as

Accepted Answer

A) a public good 
B) an externality 
C) a monopoly 
D) deficit regulation 
A) a public good 
B) an externality 
C) a monopoly 
D) deficit regulation

Question 6

According to the convergence theory, what policy ideas do governments adopt in order to attract industries?

Accepted Answer

lowering corporate t

Question 7

U.S.economic policy typically fluctuates between monetarism and neoliberalism.

Accepted Answer

A) True 
 B)False

Question 8

Monetary policy as instituted in the United States under President Reagan aimed at lowering

Accepted Answer

A) inflation 
B) debt 
C) taxation 
D) deficit 
A) inflation 
B) debt 
C) taxation 
D) deficit

Question 9

Policy recommendations of neoliberals include (list at least two).

Accepted Answer

privatization; reduc

Question 10

Stagflation is a period in which

Accepted Answer

A) There is high unemployment in the market. 
B) There is a high inflation rate in the market. 
C) high debt 
D) There is high unemployment and high inflation in the market. 
A) There is high unemployment in the market. 
B) There is a high inflation rate in the market. 
C) high debt 
D) There is high unemployment and high inflation in the market.

Question 11

A natural monopoly exists in a situation in which

Accepted Answer

A) competition decreases a good's price 
B) it is impossible to exclude someone from consumption of a good 
C) competition in the provision of a good or service would raise costs and reduce efficiency 
D) one supplier controls the entire supply of a good or service 
A) competition decreases a good's price 
B) it is impossible to exclude someone from consumption of a good 
C) competition in the provision of a good or service would raise costs and reduce efficiency 
D) one supplier controls the entire supply of a good or service

Question 12

The idea of globalization as a key issue in international political economy took off in the

Accepted Answer

A) 1880s 
B) 1950s 
C) 1970s 
D) 1990s 
A) 1880s 
B) 1950s 
C) 1970s 
D) 1990s

Question 13

Examples of public goods include all of the following EXCEPT

Accepted Answer

A) defense 
B) infrastructure 
C) laws 
D) telephone service 
A) defense 
B) infrastructure 
C) laws 
D) telephone service

Question 14

When governments spend more than is collected in revenue, they engage in

Accepted Answer

A) monetary policy 
B) deficit spending 
C) natural monopolies 
D) average spending 
A) monetary policy 
B) deficit spending 
C) natural monopolies 
D) average spending

Question 15

Within the euro zone, who controls member states' fiscal policies?

Accepted Answer

A) Germany 
B) each state controls their own fiscal policy 
C) Switzerland 
D) all states agree on a common policy 
A) Germany 
B) each state controls their own fiscal policy 
C) Switzerland 
D) all states agree on a common policy

Question 16

An economic system in which individuals and firms exchange goods and services in a largely unfettered manner is a

Accepted Answer

A) market economy 
B) command state 
C) communist economy 
D) developmental state 
A) market economy 
B) command state 
C) communist economy 
D) developmental state

Question 17

Market economy and capitalism differ because

Accepted Answer

A) Capitalism requires the government to provide public goods while market economy doesn't. 
B) Capitalism practices deficit spending while market economy doesn't. 
C) Market economy does not require private property and capitalism does. 
D) There is no difference; the terms mean the same thing. 
A) Capitalism requires the government to provide public goods while market economy doesn't. 
B) Capitalism practices deficit spending while market economy doesn't. 
C) Market economy does not require private property and capitalism does. 
D) There is no difference; the terms mean the same thing.

Question 18

Which of the following argues for a reduced role for government in the economy?

Accepted Answer

A) Keynesianism 
B) neoliberalism 
C) consociationalism 
D) utilitarianism 
A) Keynesianism 
B) neoliberalism 
C) consociationalism 
D) utilitarianism

Question 19

Economic reform in Japan has been complicated by

Accepted Answer

A) Japanese companies moving production abroad 
B) low levels of individual savings 
C) a weak bureaucracy 
D) demographic imbalance 
A) Japanese companies moving production abroad 
B) low levels of individual savings 
C) a weak bureaucracy 
D) demographic imbalance

Question 20

All together throughout the European debt crisis (2010-2016), Greece accepted how many bailouts?

Accepted Answer

A) none 
B) one 
C) two 
D) three 
A) none 
B) one 
C) two 
D) three

The globalization debate was first manifested in the 1970s in wealthy countries as a concern about deindustrialization

Fiscal policy refers to the

Neoliberals in the 1980s were skeptical about which notion?

The European common currency, the euro, was established by

The control of the entire supply of a valued good or service by one economic actor is known as

According to the convergence theory, what policy ideas do governments adopt in order to attract industries?

U.S.economic policy typically fluctuates between monetarism and neoliberalism.

Monetary policy as instituted in the United States under President Reagan aimed at lowering

Policy recommendations of neoliberals include (list at least two).

Stagflation is a period in which

A natural monopoly exists in a situation in which

The idea of globalization as a key issue in international political economy took off in the

Examples of public goods include all of the following EXCEPT

When governments spend more than is collected in revenue, they engage in

Within the euro zone, who controls member states' fiscal policies?

An economic system in which individuals and firms exchange goods and services in a largely unfettered manner is a

Market economy and capitalism differ because

Which of the following argues for a reduced role for government in the economy?

Economic reform in Japan has been complicated by

All together throughout the European debt crisis (2010-2016), Greece accepted how many bailouts?

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 globalization debate was first manifested in the 1970s in wealthy countries as a concern about deindustrialization

Fiscal policy refers to the

Neoliberals in the 1980s were skeptical about which notion?

The European common currency, the euro, was established by

The control of the entire supply of a valued good or service by one economic actor is known as

According to the convergence theory, what policy ideas do governments adopt in order to attract industries?

U.S.economic policy typically fluctuates between monetarism and neoliberalism.

Monetary policy as instituted in the United States under President Reagan aimed at lowering

Policy recommendations of neoliberals include (list at least two).

Stagflation is a period in which

A natural monopoly exists in a situation in which

The idea of globalization as a key issue in international political economy took off in the

Examples of public goods include all of the following EXCEPT

When governments spend more than is collected in revenue, they engage in

Within the euro zone, who controls member states' fiscal policies?

An economic system in which individuals and firms exchange goods and services in a largely unfettered manner is a

Market economy and capitalism differ because

Which of the following argues for a reduced role for government in the economy?

Economic reform in Japan has been complicated by

All together throughout the European debt crisis (2010-2016), Greece accepted how many bailouts?

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