Question 1

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

Accepted Answer

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

Question 2

Which of the following statements about neocorporatism is accurate?

Accepted Answer

A) Neocorporatism involves a greater role for organized labor in economic policy than in the liberal model. 
B) Neocorporatism is most commonly found in liberalist economies. 
C) Economic decisions are primarily made through the competitive interaction of business and labor. 
D) Business groups are recognized by the state as official negotiating partners, reducing the influence of trade unions. 
E) Neocorporatism largely eliminates the trade union as an organizing element in the economy. 
A) Neocorporatism involves a greater role for organized labor in economic policy than in the liberal model. 
B) Neocorporatism is most commonly found in liberalist economies. 
C) Economic decisions are primarily made through the competitive interaction of business and labor. 
D) Business groups are recognized by the state as official negotiating partners, reducing the influence of trade unions. 
E) Neocorporatism largely eliminates the trade union as an organizing element in the economy. A

Question 3

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 buy private goods but only illegally on the black market.In which of the following categories would this country belong?

Accepted Answer

A) communist 
B) liberalist 
C) social democratic 
D) mercantilist 
E) statist 
A) communist 
B) liberalist 
C) social democratic 
D) mercantilist 
E) statist A

Question 4

Which of the following statements about happiness as a measure in political-economic systems is accurate?

Accepted Answer

A) In the United States, relative income is likely to be a better predictor of happiness than standard of living. 
B) High levels of happiness in postcommunist countries demonstrate the effect of culture on happiness. 
C) Standard of living is the highest predictor of happiness in most western European countries. 
D) The twenty unhappiest countries in the world contain a mix of very poor and very rich states. 
E) Latin American countries' very low levels of happiness correlate with very low per capita income. 
A) In the United States, relative income is likely to be a better predictor of happiness than standard of living. 
B) High levels of happiness in postcommunist countries demonstrate the effect of culture on happiness. 
C) Standard of living is the highest predictor of happiness in most western European countries. 
D) The twenty unhappiest countries in the world contain a mix of very poor and very rich states. 
E) Latin American countries' very low levels of happiness correlate with very low per capita income.

Question 5

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. 
E) the welfare state. 
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. 
E) the welfare state.

Question 6

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

Question 7

Which of the following statements about social expenditures is accurate?

Accepted Answer

A) Very broad welfare systems have been shown 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) In most countries, social welfare expenditures primarily benefit the poor. 
E) Social expenditures that come in the form of public goods are used mostly by the very poor. 
A) Very broad welfare systems have been shown 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) In most countries, social welfare expenditures primarily benefit the poor. 
E) Social expenditures that come in the form of public goods are used mostly by the very poor.

Question 8

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

Accepted Answer

A) deflation 
B) inflation 
C) hyperinflation 
D) a fixed currency rate 
E) uneven taxation rates 
A) deflation 
B) inflation 
C) hyperinflation 
D) a fixed currency rate 
E) uneven taxation rates

Question 9

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

Accepted Answer

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

Question 10

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

Accepted Answer

A) political party membership 
B) highways 
C) gasoline and heating oil 
D) health care 
E) property 
A) political party membership 
B) highways 
C) gasoline and heating oil 
D) health care 
E) property

Question 11

Which political-economic system views the economy as an instrument to serve state power and national sovereignty?

Accepted Answer

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

Question 12

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

Question 13

Why has liberalism become a more dominant political-economic system over the past few decades? Is this change good or bad?

Accepted Answer

Liberalism has become a more dominant po

Question 14

Does inequality pose a threat to any particular political-economic system(s)? Can inequality grow if everyone's standard of living is on the rise? What political-economic system is likely to produce the greatest amount of happiness?

Accepted Answer

Inequality can pose a threat to any poli

Question 15

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

Accepted Answer

A) a reverse of economic liberalization. 
B) increased criticism of social democracy. 
C) a widespread elimination of tariff barriers. 
D) a rapid growth in mercantilist policies. 
E) shifts in tax forms from national income tax to value-added tax. 
A) a reverse of economic liberalization. 
B) increased criticism of social democracy. 
C) a widespread elimination of tariff barriers. 
D) a rapid growth in mercantilist policies. 
E) shifts in tax forms from national income tax to value-added tax.

Question 16

Which of the following statements about global inequality during the past 20 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 much more unequal relative to each other. 
C) Most countries' domestic populations have become more equal internally. 
D) The global distribution of domestic or international wealth has not changed. 
E) The global Gini coefficient has dropped slightly but remains high. 
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 much more unequal relative to each other. 
C) Most countries' domestic populations have become more equal internally. 
D) The global distribution of domestic or international wealth has not changed. 
E) The global Gini coefficient has dropped slightly but remains high.

Question 17

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

Question 18

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) Most industrial democracies have moved decisively away from the social democratic model. 
C) Political forces that oppose liberal trade policies have grown in Europe. 
D) The global economic downturn has emboldened proponents of trade liberalization. 
E) 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) Most industrial democracies have moved decisively away from the social democratic model. 
C) Political forces that oppose liberal trade policies have grown in Europe. 
D) The global economic downturn has emboldened proponents of trade liberalization. 
E) The large-scale evaporation of social expenditures has weakened the social democratic model considerably.

Question 19

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 lowers the overall value of the economy for less-developed countries. 
B) It typically elevates measured income for countries with advanced welfare systems. 
C) It typically elevates measured income for less-developed countries. 
D) It typically lowers the per capita income in a country no matter its level of development. 
E) It increases the gap in economy size between developed and less-developed countries. 
A) It typically lowers the overall value of the economy for less-developed countries. 
B) It typically elevates measured income for countries with advanced welfare systems. 
C) It typically elevates measured income for less-developed countries. 
D) It typically lowers the per capita income in a country no matter its level of development. 
E) It increases the gap in economy size between developed and less-developed countries.

Question 20

In what key ways does social democracy differ from liberalism? In what ways is it similar? How would supporters of neocorporatism defend that model as a key element of social democracy?

Accepted Answer

Social democracy and liberalism differ i

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

Which of the following statements about neocorporatism is accurate?

Which of the following statements about happiness as a measure in political-economic systems is accurate?

Public goods are best defined as:

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

Which of the following statements about social expenditures is accurate?

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

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

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

Which political-economic system views the economy as an instrument to serve state power and national sovereignty?

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

Why has liberalism become a more dominant political-economic system over the past few decades? Is this change good or bad?

Does inequality pose a threat to any particular political-economic system(s)? Can inequality grow if everyone's standard of living is on the rise? What political-economic system is likely to produce the greatest amount of happiness?

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

Which of the following statements about global inequality during the past 20 years is accurate?

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

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

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?

In what key ways does social democracy differ from liberalism? In what ways is it similar? How would supporters of neocorporatism defend that model as a key element of social democracy?

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 of the following statements about neocorporatism is accurate?

Which of the following statements about happiness as a measure in political-economic systems is accurate?

Public goods are best defined as:

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

Which of the following statements about social expenditures is accurate?

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

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

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

Which political-economic system views the economy as an instrument to serve state power and national sovereignty?

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

Why has liberalism become a more dominant political-economic system over the past few decades? Is this change good or bad?

Does inequality pose a threat to any particular political-economic system(s)? Can inequality grow if everyone's standard of living is on the rise? What political-economic system is likely to produce the greatest amount of happiness?

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

Which of the following statements about global inequality during the past 20 years is accurate?

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

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

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?

In what key ways does social democracy differ from liberalism? In what ways is it similar? How would supporters of neocorporatism defend that model as a key element of social democracy?

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