Question 1

Which of the following would be considered a public good in the United States?

Accepted Answer

A)  highways 
B)  property 
C)  gasoline and heating oil 
D)  health care 
A)  highways 
B)  property 
C)  gasoline and heating oil 
D)  health care

Question 2

Which political-economic system accepts a role for private property and market forces but is cautious about their benefits to society?

Accepted Answer

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

Question 3

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

Accepted Answer

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

Question 4

What tools do states use in regulating trade with other states? What political-economic systems are most and least likely to impose strict regulations on trade?

Accepted Answer

A good answer will describe the three co

Question 5

What is a primary tactic used by central banks to combat inflation?

Accepted Answer

A)  making credit less expensive 
B)  raising interest rates 
C)  printing more money 
D)  setting lending rates very low 
A)  making credit less expensive 
B)  raising interest rates 
C)  printing more money 
D)  setting lending rates very low

Question 6

What is a public good and why do states provide public goods rather than the market?

Accepted Answer

A good answer will define a public good

Question 7

Since the major economic downturn of the last decade,one trend in the United States,Canada,and Japan has been

Accepted Answer

A)  rapid growth in mercantilist policies. 
B)  an increase in criticism of social democracy. 
C)  widespread elimination of tariff barriers. 
D)  a decline in levels of economic liberalization. 
A)  rapid growth in mercantilist policies. 
B)  an increase in criticism of social democracy. 
C)  widespread elimination of tariff barriers. 
D)  a decline in levels of economic liberalization.

Question 8

Purchasing power parity is a way to measure

Accepted Answer

A)  inequality between people. 
B)  the buying power of income across countries. 
C)  changes in inequality over time. 
D)  how high tax rates should be. 
A)  inequality between people. 
B)  the buying power of income across countries. 
C)  changes in inequality over time. 
D)  how high tax rates should be.

Question 9

Social democracy can be defined as a system that

Accepted Answer

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

Question 10

Liberalism is best associated with which of the following policies?

Accepted Answer

A)  free trade 
B)  tariff barriers 
C)  neocorporatism 
D)  elimination of all private property 
A)  free trade 
B)  tariff barriers 
C)  neocorporatism 
D)  elimination of all private property

Question 11

In which of the following ways do both communism and mercantilism differ from liberalism?

Accepted Answer

A)  They typically employ relatively low tariff barriers. 
B)  The state role in the economy is minimal. 
C)  They agree that markets should play a role, if a limited one. 
D)  They have more state autonomy and capacity. 
A)  They typically employ relatively low tariff barriers. 
B)  The state role in the economy is minimal. 
C)  They agree that markets should play a role, if a limited one. 
D)  They have more state autonomy and capacity.

Question 12

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

Question 13

Markets can best be defined as

Accepted Answer

A)  government-produced public goods. 
B)  the interactions between the forces of supply and demand. 
C)  fixed locations where products are bought and sold. 
D)  an outmoded form of resource distribution. 
A)  government-produced public goods. 
B)  the interactions between the forces of supply and demand. 
C)  fixed locations where products are bought and sold. 
D)  an outmoded form of resource distribution.

Question 14

Which of the following statements about global inequality during the past twenty years is accurate?

Accepted Answer

A)  The global Gini coefficient shows that countries have become more equal relative to each other. 
B)  The global Gini coefficient shows that countries have become less equal relative to each other. 
C)  The global Gini coefficient has dropped slightly but remains high. 
D)  The global distribution of domestic or international wealth has not changed. 
A)  The global Gini coefficient shows that countries have become more equal relative to each other. 
B)  The global Gini coefficient shows that countries have become less equal relative to each other. 
C)  The global Gini coefficient has dropped slightly but remains high. 
D)  The global distribution of domestic or international wealth has not changed.

Question 15

Which of the following statements about the state of world liberalization in the twenty-first century is accurate?

Accepted Answer

A)  Communism is resurgent in many of the poorest countries in the world. 
B)  Political forces that oppose free trade and globalization have grown in Europe and the United States. 
C)  The global economic downturn has emboldened proponents of trade liberalization. 
D)  The large-scale evaporation of social expenditures has weakened the social democratic model considerably. 
A)  Communism is resurgent in many of the poorest countries in the world. 
B)  Political forces that oppose free trade and globalization have grown in Europe and the United States. 
C)  The global economic downturn has emboldened proponents of trade liberalization. 
D)  The large-scale evaporation of social expenditures has weakened the social democratic model considerably.

Which of the following would be considered a public good in the United States?

Which political-economic system accepts a role for private property and market forces but is cautious about their benefits to society?

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

What tools do states use in regulating trade with other states? What political-economic systems are most and least likely to impose strict regulations on trade?

What is a primary tactic used by central banks to combat inflation?

What is a public good and why do states provide public goods rather than the market?

Since the major economic downturn of the last decade,one trend in the United States,Canada,and Japan has been

Purchasing power parity is a way to measure

Social democracy can be defined as a system that

Liberalism is best associated with which of the following policies?

In which of the following ways do both communism and mercantilism differ from liberalism?

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

Markets can best be defined as

Which of the following statements about global inequality during the past twenty years is accurate?

Which of the following statements about the state of world liberalization in the twenty-first century is accurate?

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

Which of the following would be considered a public good in the United States?

Which political-economic system accepts a role for private property and market forces but is cautious about their benefits to society?

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

What tools do states use in regulating trade with other states? What political-economic systems are most and least likely to impose strict regulations on trade?

What is a primary tactic used by central banks to combat inflation?

What is a public good and why do states provide public goods rather than the market?

Since the major economic downturn of the last decade,one trend in the United States,Canada,and Japan has been

Purchasing power parity is a way to measure

Social democracy can be defined as a system that

Liberalism is best associated with which of the following policies?

In which of the following ways do both communism and mercantilism differ from liberalism?

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

Markets can best be defined as

Which of the following statements about global inequality during the past twenty years is accurate?

Which of the following statements about the state of world liberalization in the twenty-first century is accurate?

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