Question 1

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

Accepted Answer

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

Question 2

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

Accepted Answer

A)  social democracy 
B)  communism 
C)  liberalism 
D)  mercantilism 
A)  social democracy 
B)  communism 
C)  liberalism 
D)  mercantilism B

Question 3

What is the oldest of the political-economic systems,and what system first rose to challenge it?

Accepted Answer

A)  liberalism, first challenged by communism 
B)  mercantilism, first challenged by liberalism 
C)  communism, first challenged by social democracy 
D)  social democracy, first challenged by mercantilism 
A)  liberalism, first challenged by communism 
B)  mercantilism, first challenged by liberalism 
C)  communism, first challenged by social democracy 
D)  social democracy, first challenged by mercantilism B

Question 4

What are the relative benefits and drawbacks of using purchasing power parity (PPP),the Gini index,and the Human Development Index to measure relative wealth and inequality across countries?

Accepted Answer

A good answer will note that PPP measure

Question 5

Extremely tight control over the money supply may result in ________,a condition that has plagued Japan since 1998.

Accepted Answer

A)  inflation 
B)  deflation 
C)  tariffs 
D)  hyperinflation 
A)  inflation 
B)  deflation 
C)  tariffs 
D)  hyperinflation

Question 6

Country X has no direct taxation of its people,but citizens are limited in what they can earn because wages are fixed.No matter what a citizen's age or job is,the state provides for his or her health costs,education,and retirement,even though the quality of those services may be low.If a citizen does have cash,he or she can only buy private goods illegally on the black market.This country has what kind of political-economic system?

Accepted Answer

A)  communist 
B)  liberal 
C)  mercantilist 
D)  social democratic 
A)  communist 
B)  liberal 
C)  mercantilist 
D)  social democratic

Question 7

Restrictions that limit the quantities of foreign goods coming into a country are known as

Accepted Answer

A)  nontariff regulatory barriers. 
B)  quotas. 
C)  tariffs. 
D)  regulatory fees. 
A)  nontariff regulatory barriers. 
B)  quotas. 
C)  tariffs. 
D)  regulatory fees.

Question 8

Taxes on imported goods are known as

Accepted Answer

A)  nontariff regulatory barriers. 
B)  quotas. 
C)  tariffs. 
D)  regulatory fees. 
A)  nontariff regulatory barriers. 
B)  quotas. 
C)  tariffs. 
D)  regulatory fees.

Question 9

In what key ways does social democracy differ from liberalism? In what ways is it similar?

Accepted Answer

A good answer will note that both libera

Question 10

Liberalism's view of the relationship between freedom and equality favors

Accepted Answer

A)  equality over freedom. 
B)  freedom over equality. 
C)  both equally. 
D)  neither freedom nor equality. 
A)  equality over freedom. 
B)  freedom over equality. 
C)  both equally. 
D)  neither freedom nor equality.

Question 11

In which of the following ways does using purchasing power parity to calculate GDP differ from the use of straight GDP in measuring a country's economic development?

Accepted Answer

A)  It typically elevates measured income for less-developed countries. 
B)  It typically elevates measured income for countries with advanced welfare systems. 
C)  It typically lowers the overall value of the economy for less-developed countries. 
D)  It typically lowers the per capita income in countries regardless of level of development. 
A)  It typically elevates measured income for less-developed countries. 
B)  It typically elevates measured income for countries with advanced welfare systems. 
C)  It typically lowers the overall value of the economy for less-developed countries. 
D)  It typically lowers the per capita income in countries regardless of level of development.

Question 12

Which of the following statements about happiness as an indicator of political-economic systems is accurate?

Accepted Answer

A)  Relative income is a stronger predictor of happiness than standard of living. 
B)  Standard of living is a stronger predictor of happiness than relative income. 
C)  Postcommunist countries have higher levels of happiness than very poor countries. 
D)  Latin American countries' very low levels of happiness correlate with very low per capita income. 
A)  Relative income is a stronger predictor of happiness than standard of living. 
B)  Standard of living is a stronger predictor of happiness than relative income. 
C)  Postcommunist countries have higher levels of happiness than very poor countries. 
D)  Latin American countries' very low levels of happiness correlate with very low per capita income.

Question 13

Which of the following statements about social expenditures is accurate?

Accepted Answer

A)  Welfare systems are meant to support community institutions like the family and the church. 
B)  In a sense, the welfare state primarily taxes the poor but benefits the middle class. 
C)  Expenditures on highways are more likely to benefit the well-off than the poor. 
D)  Social expenditures that come in the form of public goods are used mostly by the very poor. 
A)  Welfare systems are meant to support community institutions like the family and the church. 
B)  In a sense, the welfare state primarily taxes the poor but benefits the middle class. 
C)  Expenditures on highways are more likely to benefit the well-off than the poor. 
D)  Social expenditures that come in the form of public goods are used mostly by the very poor.

Question 14

Which of the following statements about mercantilism is accurate?

Accepted Answer

A)  Mercantilism involves a greater role for the state in economic policy than communism. 
B)  Mercantilism directs the economy toward certain industries and away from others. 
C)  Mercantilism mandates that unemployment should be accepted as inevitable. 
D)  Mercantilism advocates for a state to intervene in the economy only when crises arise. 
A)  Mercantilism involves a greater role for the state in economic policy than communism. 
B)  Mercantilism directs the economy toward certain industries and away from others. 
C)  Mercantilism mandates that unemployment should be accepted as inevitable. 
D)  Mercantilism advocates for a state to intervene in the economy only when crises arise.

Question 15

The Gini index is one way that social scientists measure

Accepted Answer

A)  total national wealth. 
B)  the distribution of public goods. 
C)  the environmental impact of development. 
D)  the amount of economic inequality in a society. 
A)  total national wealth. 
B)  the distribution of public goods. 
C)  the environmental impact of development. 
D)  the amount of economic inequality in a society.

Question 16

Public goods are best defined as

Accepted Answer

A)  goods, provided or secured by the state, that are available for society and indivisible. 
B)  goods, provided or secured by the state, that only members of the state and government may use. 
C)  any goods that exist beyond the sovereignty of a state's borders. 
D)  any goods that exist solely within the sovereignty of a state's borders. 
A)  goods, provided or secured by the state, that are available for society and indivisible. 
B)  goods, provided or secured by the state, that only members of the state and government may use. 
C)  any goods that exist beyond the sovereignty of a state's borders. 
D)  any goods that exist solely within the sovereignty of a state's borders.

Question 17

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

Accepted Answer

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

Question 18

Overall levels of economic liberalization are on the rise during the last few decades,appearing to indicate that liberalism is the preferred political-economic system.But what qualifications are important to this assessment?

Accepted Answer

A good answer will note a few exceptions

Question 19

Over the past two decades,most countries around the world have

Accepted Answer

A)  increased economic liberalization. 
B)  decreased economic liberalization. 
C)  increased their social democratic institutions. 
D)  become more mercantilist. 
A)  increased economic liberalization. 
B)  decreased economic liberalization. 
C)  increased their social democratic institutions. 
D)  become more mercantilist.

Question 20

________ are the most fundamental components of political economy.

Accepted Answer

A)  Property and assets 
B)  Income and markets 
C)  Markets and property 
D)  Supply and demand 
A)  Property and assets 
B)  Income and markets 
C)  Markets and property 
D)  Supply and demand

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

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

What is the oldest of the political-economic systems,and what system first rose to challenge it?

What are the relative benefits and drawbacks of using purchasing power parity (PPP),the Gini index,and the Human Development Index to measure relative wealth and inequality across countries?

Extremely tight control over the money supply may result in ________,a condition that has plagued Japan since 1998.

Restrictions that limit the quantities of foreign goods coming into a country are known as

Taxes on imported goods are known as

In what key ways does social democracy differ from liberalism? In what ways is it similar?

Liberalism's view of the relationship between freedom and equality favors

In which of the following ways does using purchasing power parity to calculate GDP differ from the use of straight GDP in measuring a country's economic development?

Which of the following statements about happiness as an indicator of political-economic systems is accurate?

Which of the following statements about social expenditures is accurate?

Which of the following statements about mercantilism is accurate?

The Gini index is one way that social scientists measure

Public goods are best defined as

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

Overall levels of economic liberalization are on the rise during the last few decades,appearing to indicate that liberalism is the preferred political-economic system.But what qualifications are important to this assessment?

Over the past two decades,most countries around the world have

________ are the most fundamental components of political economy.

Introduction

States

Nations and Society

Democratic Regimes

Nondemocratic Regimes

Political Violence

Developed Democracies

Communism and Postcommunism

Developing Countries

Globalization and the Future of Comparative Politics

Filters

Exam 4: Political Economy

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

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

What is the oldest of the political-economic systems,and what system first rose to challenge it?

What are the relative benefits and drawbacks of using purchasing power parity (PPP),the Gini index,and the Human Development Index to measure relative wealth and inequality across countries?

Extremely tight control over the money supply may result in ________,a condition that has plagued Japan since 1998.

Restrictions that limit the quantities of foreign goods coming into a country are known as

Taxes on imported goods are known as

In what key ways does social democracy differ from liberalism? In what ways is it similar?

Liberalism's view of the relationship between freedom and equality favors

In which of the following ways does using purchasing power parity to calculate GDP differ from the use of straight GDP in measuring a country's economic development?

Which of the following statements about happiness as an indicator of political-economic systems is accurate?

Which of the following statements about social expenditures is accurate?

Which of the following statements about mercantilism is accurate?

The Gini index is one way that social scientists measure

Public goods are best defined as

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

Overall levels of economic liberalization are on the rise during the last few decades,appearing to indicate that liberalism is the preferred political-economic system.But what qualifications are important to this assessment?

Over the past two decades,most countries around the world have

________ are the most fundamental components of political economy.

Introduction

States

Nations and Society

Democratic Regimes

Nondemocratic Regimes

Political Violence

Developed Democracies

Communism and Postcommunism

Developing Countries

Globalization and the Future of Comparative Politics

Filters