Question 1

Which of the following best describes fiscal policy?

Accepted Answer

A)   a formal system of cooperation between business and government
B)   a system of exchange between producers and consumers of goods
C)   a mix of taxing and spending policies enacted by states
D)   a determination of the value and amount of money in the system

Question 2

A scenario in which an economic system is unable to produce or distribute needed or wanted goods and services-especially public or nonexcludable goods-coincides with ______.

Accepted Answer

A)   the free rider problem
B)   market failure
C)   the resource curse
D)   the tragedy of the commons

Question 3

The resource curse is a paradox in political economy.

Accepted Answer

A) True 
 B)False

Question 4

The determination of how much money is available in a country, along with its value, is ______.

Accepted Answer

A)   corporatism
B)   an economy
C)   fiscal policy
D)   monetary policy

Question 5

Which of the following best describes the field of political economy?

Accepted Answer

A)   the study of production and trade and the relationship with government and the distribution of wealth and income
B)   the study of systems of governance, and the analysis of political activities, thoughts, and behavior
C)   the study of interconnectedness of politics, economics, and law on a global level
D)   the study of the domestic politics, institutions, economies, and conflicts of different countries

Question 6

Countries with capitalist economies are unable to smooth out the highs and lows of boom and bust cycles.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following economists developed the model for a government-economic relationship based on deficit spending?

Accepted Answer

A)   Friedrich Hayek
B)   John Maynard Keynes
C)   Paul Krugman
D)   Joseph Stiglitz

Question 8

What are some of the similarities and differences between the various economic systems that have been adopted and are in use around the world? What are the social and political implications?

Accepted Answer

Responses should cover major economic sy...

Question 9

Is democracy a good or bad thing for economic growth and development? Why?

Accepted Answer

Responses should synthesize material on ...

Exam 10: Political Economy

Which of the following best describes the field of political economy?

Correct Answer
verified

What are some of the similarities and differences between the various economic systems that have been adopted and are in use around the world? What are the social and political implications?

Correct Answer
verified
Responses should cover major economic sy...
View Answer

Countries with capitalist economies are unable to smooth out the highs and lows of boom and bust cycles.

Correct Answer
verified

The resource curse is a paradox in political economy.

Correct Answer
verified

Is democracy a good or bad thing for economic growth and development? Why?

Correct Answer
verified
Responses should synthesize material on ...
View Answer

Which of the following economists developed the model for a government-economic relationship based on deficit spending?

Correct Answer
verified

The determination of how much money is available in a country, along with its value, is ______.

Correct Answer
verified

A scenario in which an economic system is unable to produce or distribute needed or wanted goods and services-especially public or nonexcludable goods-coincides with ______.

Correct Answer
verified

Which of the following best describes fiscal policy?

Correct Answer
verified

Exam 10: Political Economy

Which of the following best describes the field of political economy?

Correct AnswerverifiedShow Answer

What are some of the similarities and differences between the various economic systems that have been adopted and are in use around the world? What are the social and political implications?

Correct AnswerverifiedResponses should cover major economic sy...View AnswerShow Answer

Countries with capitalist economies are unable to smooth out the highs and lows of boom and bust cycles.

Correct AnswerverifiedShow Answer

The resource curse is a paradox in political economy.

Correct AnswerverifiedShow Answer

Is democracy a good or bad thing for economic growth and development? Why?

Correct AnswerverifiedResponses should synthesize material on ...View AnswerShow Answer

Which of the following economists developed the model for a government-economic relationship based on deficit spending?

Correct AnswerverifiedShow Answer

The determination of how much money is available in a country, along with its value, is ______.

Correct AnswerverifiedShow Answer

A scenario in which an economic system is unable to produce or distribute needed or wanted goods and services-especially public or nonexcludable goods-coincides with ______.

Correct AnswerverifiedShow Answer

Which of the following best describes fiscal policy?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified
Responses should cover major economic sy...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Responses should synthesize material on ...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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