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Political Economy Mastery Quiz

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1. What does the term 'Political Economy' primarily refer to?

2. Which economic system emphasizes government intervention in the market to correct inequalities?

3. In the context of Political Economy, what does the acronym 'GDP' stand for?

4. What term describes the economic ideology that advocates for minimal state intervention in the economy?

5. Which of the following best describes a 'mixed economy'?

6. What is the main focus of Keynesian economics?

7. Which concept is central to Marxian political economy?

8. In political economy, what does 'neoliberalism' typically advocate for?

9. What does the concept of 'rent-seeking' refer to in political economy?

10. Which of the following is a key principle of mercantilism?