Question 1

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) They have high state autonomy and capacity. 
C) They agree that markets should play a role, if a limited one. 
D) Inequality is often a result of state economic policy. 
E) The state role in the economy is minimal. 
A) They typically employ relatively low tariff barriers. 
B) They have high state autonomy and capacity. 
C) They agree that markets should play a role, if a limited one. 
D) Inequality is often a result of state economic policy. 
E) The state role in the economy is minimal.

Question 2

________ are the most fundamental components of political economy.

Accepted Answer

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

Question 3

Social democracy can be defined as a system that:

Accepted Answer

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

Question 4

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

Accepted Answer

A) equality over freedom. 
B) freedom over equality. 
C) freedom and equality equally. 
D) neither freedom nor equality. 
E) democracy over freedom and equality. 
A) equality over freedom. 
B) freedom over equality. 
C) freedom and equality equally. 
D) neither freedom nor equality. 
E) democracy over freedom and equality.

Question 5

What basic public goods should a state provide? What should be left to the market?

Accepted Answer

The basic public goods that a state shou

Question 6

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. 
E) reduced their internal income inequality. 
A) increased economic liberalization. 
B) decreased economic liberalization. 
C) increased their social democratic institutions. 
D) become more mercantilist. 
E) reduced their internal income inequality.

Question 7

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

Accepted Answer

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

Question 8

Restrictions that limit the quantities of foreign goods coming into a country are an example of:

Accepted Answer

A) tariffs. 
B) quotas. 
C) nontariff regulatory barriers. 
D) regulatory fees. 
E) free-trade zones. 
A) tariffs. 
B) quotas. 
C) nontariff regulatory barriers. 
D) regulatory fees. 
E) free-trade zones.

Question 9

Markets can best be defined as:

Accepted Answer

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

Question 10

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) differences in social expenditures. 
E) 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) differences in social expenditures. 
E) how high tax rates should be.

Question 11

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

Question 12

Taxes on imported goods are known as:

Accepted Answer

A) tariffs. 
B) quotas. 
C) nontariff barriers. 
D) regulatory fees. 
E) free-trade zones. 
A) tariffs. 
B) quotas. 
C) nontariff barriers. 
D) regulatory fees. 
E) free-trade zones.

Question 13

Mercantilism is best associated with which of the following policies?

Accepted Answer

A) free trade 
B) tariff barriers 
C) elimination of all private property 
D) neocorporatism 
E) national health care 
A) free trade 
B) tariff barriers 
C) elimination of all private property 
D) neocorporatism 
E) national health care

Question 14

What are the relative benefits and drawbacks of the major measurements-purchasing power parity, the Gini index, and the Human Development Index-in measuring relative wealth and inequality across countries?

Accepted Answer

The relative benefits and drawbacks of t

Question 15

The Gini index is one way that social scientists measure:

Accepted Answer

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

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

________ are the most fundamental components of political economy.

Social democracy can be defined as a system that:

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

What basic public goods should a state provide? What should be left to the market?

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

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

Restrictions that limit the quantities of foreign goods coming into a country are an example of:

Markets can best be defined as:

Purchasing power parity is a way to measure:

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

Taxes on imported goods are known as:

Mercantilism is best associated with which of the following policies?

What are the relative benefits and drawbacks of the major measurements-purchasing power parity, the Gini index, and the Human Development Index-in measuring relative wealth and inequality across countries?

The Gini index is one way that social scientists measure:

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

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

________ are the most fundamental components of political economy.

Social democracy can be defined as a system that:

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

What basic public goods should a state provide? What should be left to the market?

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

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

Restrictions that limit the quantities of foreign goods coming into a country are an example of:

Markets can best be defined as:

Purchasing power parity is a way to measure:

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

Taxes on imported goods are known as:

Mercantilism is best associated with which of the following policies?

What are the relative benefits and drawbacks of the major measurements-purchasing power parity, the Gini index, and the Human Development Index-in measuring relative wealth and inequality across countries?

The Gini index is one way that social scientists measure:

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