poli. econ. practice quiz

poli. econ. practice quiz - POLITICAL ECONOMY: PRACTIVE...

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POLITICAL ECONOMY : PRACTIVE QUIZ 1. Describing political economy as “pervasive” means: a. It effects some people, but not others b. Politics and the economy have nothing to do with each other c. Its realities permeate every aspect of the human existence and socioeconomic organization d. Only elected officials should worry about political economy 2. Characteristics of the “developmental state” include all of the following except: a. Government takes over the economy b. Government shields its industries and firms from direct global competition c. Government organizes the nation’s productive capacity d. Government takes a “hands-off” approach 3. Scarcity is an economic term describing a situation where: a. There aren’t enough owners of the means of production b. There aren’t enough public goods c. There is an imbalance between unlimited wants and unlimited means or resources d. There aren’t enough regulations to control monopolies 4. The primary purpose of the “welfare state” is: a. To provide welfare to the poor, the sick, marginalized social groups, and the underpaid b. To stabilize overall market activity over time c. To regulate the behavior of producers and consumers
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poli. econ. practice quiz - POLITICAL ECONOMY: PRACTIVE...

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