Comparative Gov Democracy Quiz
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Public Participates directly in governance and policy making (Form of Democracy)
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Direct
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Indirect
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Substantative
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Senate
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About This Quiz
This Comparative Gov Democracy Quiz assesses understanding of democratic systems, focusing on participation, liberty, and types of democracy. It evaluates knowledge of civil society and governance roles, crucial for students and professionals in political science.
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- 2.
A bicameral legislation has ____ houses, whereas a unicameral legislation has ____ house.
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Two, one
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One, two
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Three, one
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One, three
Correct Answer
A. Two, oneExplanation
A bicameral legislation consists of two separate houses, while a unicameral legislation only has one house. This means that in a bicameral system, there are two chambers or bodies that participate in the legislative process, such as a House of Representatives and a Senate. On the other hand, a unicameral system only has a single chamber or body responsible for making laws and decisions.Rate this question:
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- 3.
The working class
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Proletariat
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Bourgeosie
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Politicians
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Elite
Correct Answer
A. ProletariatExplanation
The correct answer is "proletariat." The term "proletariat" refers to the working class, specifically those who do not own the means of production and must sell their labor to survive. This social class typically lacks significant wealth or power and is often exploited by the bourgeoisie, who own the means of production. The term "proletariat" is commonly used in Marxist theory to describe the oppressed class in capitalist societies.Rate this question:
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- 4.
Replaces market with state bureaucracies and allocates resources by planning what should be produced, the price and when to be sold.
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Central Planning
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Base
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Superstructure
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Dialectical Mechanism
Correct Answer
A. Central PlanningExplanation
The given answer, Central Planning, is correct because it accurately describes a system in which the state bureaucracies replace the market and make decisions about what should be produced, the price, and when to sell. In this system, the government plans and controls the allocation of resources, rather than leaving it up to the market forces of supply and demand.Rate this question:
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- 5.
A system in which political power resides with people
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Facism
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Communism
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Democracy
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Socialism
Correct Answer
A. DemocracyExplanation
Democracy is a system in which political power resides with the people. It allows citizens to participate in decision-making processes, either directly or through elected representatives. In a democratic system, the government is accountable to the people and their rights and freedoms are protected. This system promotes equality, individual liberty, and the rule of law. Unlike fascism, communism, and socialism, democracy emphasizes the importance of citizen participation and ensures that the government is based on the consent of the governed.Rate this question:
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- 6.
What are the core goods of Democracy
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Participation, Liberty, and Competition
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Practice, Livability, Cooperation
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Involvement, Freedom, Individualism
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Competition, Unicameral legislation, Legislation
Correct Answer
A. Participation, Liberty, and CompetitionExplanation
The core goods of democracy are participation, liberty, and competition. Participation refers to the involvement of citizens in the decision-making process and the ability to have a say in the governance of their country. Liberty refers to the freedom and rights that individuals possess, such as freedom of speech, expression, and assembly. Competition refers to the existence of multiple political parties and the ability for citizens to choose their representatives through fair and competitive elections. These three elements are essential for a functioning democratic system.Rate this question:
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- 7.
The head of government and state is one person (President)
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Parliamentary System
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Semi-Presidential System
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Presidential System
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Dictatorship
Correct Answer
A. Presidential SystemExplanation
In a presidential system, the head of government and state is one person, the President. This means that the President is both the chief executive and the ceremonial head of state. In this system, the President is directly elected by the people and holds significant powers, including the ability to veto legislation and appoint key officials. This system provides a clear separation of powers between the executive and legislative branches, with the President having significant authority and independence. Examples of countries with a presidential system include the United States and Brazil.Rate this question:
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- 8.
A set of rules that decide how votes are cast, counted, and translated into seats in a legislature
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Judicial Review
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Legislation
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Political Parties
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Electoral systems
Correct Answer
A. Electoral systemsExplanation
Electoral systems refer to a set of rules that determine how votes are cast, counted, and translated into seats in a legislature. These systems vary across different countries and can include methods such as proportional representation, first-past-the-post, or mixed systems. The purpose of electoral systems is to ensure fair and democratic representation by translating the will of the voters into a functioning government. They play a crucial role in shaping the political landscape and determining the distribution of power within a country's legislative body.Rate this question:
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- 9.
This is a part of the EU and it is charged with setting the general political direction and priorities
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European Comission
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European Council
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European Parliment
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European Union Court of Justice
Correct Answer
A. European CouncilExplanation
The European Council is the correct answer because it is a part of the EU and its main role is to set the general political direction and priorities for the European Union. It consists of the heads of state or government of EU member states, along with the President of the European Council and the President of the European Commission. The European Council meets several times a year to discuss and make decisions on important issues affecting the EU, such as foreign policy, economic coordination, and strategic priorities.Rate this question:
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- 10.
A mean of nondemocratic control that forces public obedience is enforced through violence and surveillance
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Corporatism
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Clientelism
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Co-optation
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Coercion
Correct Answer
A. CoercionExplanation
Coercion refers to a mean of nondemocratic control that forces public obedience through violence and surveillance. It involves the use of force or threats to intimidate or manipulate individuals or groups into complying with the wishes of those in power. This can include physical violence, surveillance, or other forms of repression to suppress dissent and maintain control over the population.Rate this question:
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- 11.
Another form of nondemocratic controls is when the public is encouraged to obey the leader based on his or her extraordinary qualities and compelling ideas
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Personality cult
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Charismatic legitimacy
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Coercion
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Patrimonialism
Correct Answer
A. Personality cultExplanation
The given statement describes a situation where the public is encouraged to obey a leader due to their extraordinary qualities and compelling ideas. This is known as a personality cult, where the leader's personality is glorified and their authority is based on their personal characteristics rather than democratic processes. This form of control is not based on coercion or patrimonialism, but rather on the leader's charisma and ability to inspire loyalty and obedience.Rate this question:
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- 12.
A regime in which the state bureaucracy and the military share a belief that the a technocratic leadership can solve the problems of the country
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Bureaucratic Authoritarianism
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One-Party Rule
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Clientalism
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Patrimonialism
Correct Answer
A. Bureaucratic AuthoritarianismExplanation
Bureaucratic authoritarianism refers to a regime in which the state bureaucracy and the military hold the belief that a technocratic leadership can effectively address the country's problems. This type of regime is characterized by a strong centralized government, limited political freedoms, and an emphasis on rational decision-making by experts. The state bureaucracy and military play a significant role in policymaking and often suppress opposition and dissent. This form of governance is typically seen in countries where there is a lack of democratic institutions and a focus on maintaining stability and order.Rate this question:
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- 13.
A regime in which a single party monopolizes politics and bans other parties or excludes them from power
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Military
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One-Party Rule
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Personal/Monarchial Rule
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Illiberal/hybrid rule
Correct Answer
A. One-Party RuleExplanation
One-Party Rule refers to a regime where a single political party has a monopoly on political power and either bans or excludes other parties from participating in politics. In this system, the ruling party holds complete control over the government and decision-making processes, often suppressing dissent and opposition. This type of regime is characterized by limited political pluralism and lack of competition, as power is concentrated in the hands of a single party.Rate this question:
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- 14.
"Rule by God" holy texts serve as a foundation for regime and politics
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One-Party Rule
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Military
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Theocratic Rule
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Illiberal/Hybrid Rule
Correct Answer
A. Theocratic RuleExplanation
The correct answer is Theocratic Rule because "Rule by God" implies a government system where religious leaders or religious principles hold the ultimate authority and influence in governing. In such a system, holy texts are considered as the foundation for the regime and politics, indicating a close integration of religion and governance. This type of rule is often seen in countries where religion plays a central role in shaping laws, policies, and decision-making processes.Rate this question:
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- 15.
This nondemocratic regime is a rule by which an elected leadership through procedures of questionable democratic legitimacy
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Illiberal/hybrid regimes
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One-party rule
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Personal/monarchial rule
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Theocratic rule
Correct Answer
A. Illiberal/hybrid regimesExplanation
The given correct answer, illiberal/hybrid regimes, refers to a type of nondemocratic regime where there is a mix of democratic and authoritarian elements. These regimes may have elected leadership, but their legitimacy is questionable due to undemocratic practices or restrictions on political freedoms. This can include limited civil liberties, restrictions on opposition parties, and a lack of checks and balances. The term "illiberal" highlights the disregard for liberal democratic values, while "hybrid" emphasizes the combination of democratic and autocratic features within these regimes.Rate this question:
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- 16.
The re-creation of the market forces of supply and demand
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Central Planning
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Privitization
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Capitalism
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Marketization
Correct Answer
A. MarketizationExplanation
Marketization refers to the process of introducing market forces of supply and demand into previously centrally planned economies. It involves the transition from a command economy to a market-based economy, where the allocation of resources is determined by market mechanisms rather than government planning. This can include privatization of state-owned enterprises, liberalization of trade and investment, and the establishment of competitive markets. Marketization aims to increase efficiency, competition, and economic growth by allowing market forces to play a greater role in resource allocation.Rate this question:
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- 17.
Goods provided or secured by the state and are available for society and indivisible
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Property
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Social Expenditure
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Public Goods
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Institutions
Correct Answer
A. Public GoodsExplanation
Public goods are goods that are provided or secured by the state and are available for society as a whole. These goods are indivisible, meaning that one person's use of the good does not diminish its availability for others. Examples of public goods include national defense, public parks, and street lighting. These goods are typically funded through social expenditure, which refers to government spending on public welfare and services. Public goods are distinct from private goods, which are owned by individuals and are not available for society as a whole.Rate this question:
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- 18.
The state's provision of public benefits aka welfareex: education, health
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Public Goods
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Property
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Markets
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Social Expenditure
Correct Answer
A. Social ExpenditureExplanation
Social expenditure refers to the government's allocation of funds towards providing public benefits or welfare programs such as education and healthcare. This includes the state's investment in social services and programs aimed at improving the well-being of its citizens. Social expenditure is an essential aspect of a welfare state, as it ensures that basic needs are met and promotes social equality. It plays a crucial role in addressing social disparities and providing support to vulnerable individuals and communities.Rate this question:
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- 19.
The total market value of goods and services produced by one country in a year
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HDI
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GDP
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GINI Index
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PPP
Correct Answer
A. GDPExplanation
GDP stands for Gross Domestic Product, which is the total market value of all goods and services produced within a country in a specific time period, typically a year. It is a measure used to assess the economic performance and size of a country's economy. GDP takes into account the value of all final goods and services produced, regardless of whether they are produced by domestic or foreign entities. It provides an indication of the overall economic activity and productivity within a country.Rate this question:
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- 20.
The way government manipulates the amount of money in a state
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Trade Regulation
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Central Bank
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Monetary Policy
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Social Expenditure
Correct Answer
A. Monetary PolicyExplanation
Monetary policy refers to the actions taken by a central bank to control and manipulate the amount of money in circulation within a state or country. It involves various measures such as setting interest rates, controlling inflation, and managing the supply of money in order to achieve economic stability and growth. By adjusting the money supply, the government can influence factors such as interest rates, investment, and consumption, thereby impacting the overall economy. Therefore, monetary policy is the correct answer as it directly relates to the government's manipulation of the amount of money in a state.Rate this question:
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- 21.
The actual relationship between political and economic institutions in a particular country, as well as the policies and outcomes they create
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Political-Economic Systems
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Political Relationships
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Economic Relationships
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Monetary Policy
Correct Answer
A. Political-Economic SystemsExplanation
The term "political-economic systems" refers to the interconnectedness between political and economic institutions within a specific country. It encompasses the relationship between these institutions, as well as the policies and outcomes they generate. This term highlights the influence that political decisions and actions have on economic activities and vice versa. It recognizes that political and economic systems are intertwined and that they shape each other in various ways.Rate this question:
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- 22.
Estimates the buying power of income in each country by comparing similar costs (like food and housing) by using the prices in the US as a benchmark
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Purchasing Power Parity
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GDP
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HDI
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GINI Index
Correct Answer
A. Purchasing Power ParityExplanation
Purchasing Power Parity (PPP) is a measure that estimates the buying power of income in each country by comparing similar costs, such as food and housing, using the prices in the US as a benchmark. It takes into account the differences in price levels between countries, allowing for a more accurate comparison of living standards and economic performance. PPP is commonly used to compare GDP and other economic indicators across countries to gain a better understanding of their relative economic strength and well-being.Rate this question:
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- 23.
Public particapates indirectly through elected represenatives
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Direct
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Participation
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Indirect
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Competition
Correct Answer
A. IndirectExplanation
The given answer, "Indirect," is the correct answer because it accurately describes the way in which the public participates in the political process. Instead of directly participating in decision-making, the public elects representatives who make decisions on their behalf. This system is known as representative democracy, where elected officials act as intermediaries between the public and the government. Through this indirect participation, the public has the opportunity to express their preferences and hold their representatives accountable for their actions.Rate this question:
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- 24.
The organized life outside the state
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Civil rights
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Civil society
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Civil liberty
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Freedom
Correct Answer
A. Civil societyExplanation
Civil society refers to the community of individuals and organizations that work together to promote common interests and values, outside of the state and government control. It is a key component of a functioning democracy, as it allows citizens to come together and engage in activities that promote social, political, and economic development. Civil society organizations often focus on issues such as human rights, social justice, and environmental protection. Therefore, the answer "civil society" is the most appropriate choice as it best represents the concept of an organized life outside the state.Rate this question:
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- 25.
The branch that carries out laws and policies of a state
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Judicial
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Legislative
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Presidential
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Executive
Correct Answer
A. ExecutiveExplanation
The branch that carries out laws and policies of a state is the executive branch. This branch is responsible for implementing and enforcing laws, as well as managing the day-to-day operations of the government. It includes the president or head of state, along with various departments and agencies that work under their authority. The executive branch plays a crucial role in the governance of a state, ensuring that laws are executed and policies are implemented effectively.Rate this question:
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- 26.
Political body that makes and passes legislation. National politics are considered and debated
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Executive
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Presidential
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Legislature
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Judicial
Correct Answer
A. LegislatureExplanation
A legislature is a political body that is responsible for making and passing legislation. It is the branch of government that is primarily involved in the creation and enactment of laws. National politics are considered and debated within the legislature, as representatives from different political parties come together to discuss and deliberate on various issues. The legislature plays a crucial role in shaping the laws and policies of a country.Rate this question:
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- 27.
This political body determines the constitutionality of laws and acts
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Executive
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Judiciary
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Presidential
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Legislature
Correct Answer
A. JudiciaryExplanation
The correct answer is Judiciary. The judiciary is responsible for interpreting and applying the law, including determining the constitutionality of laws and acts. This branch of government ensures that laws are in line with the constitution and protects the rights of individuals. The judiciary is separate from the executive and legislative branches to maintain checks and balances in the political system.Rate this question:
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- 28.
The __________ represents the people both nationally and internationally. Embodies goals of regime
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Head of State
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President
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Head of Government
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Dictator
Correct Answer
A. Head of StateExplanation
The head of state represents the people both nationally and internationally, embodying the goals and values of the regime. This position is responsible for ceremonial duties, symbolizing the unity and sovereignty of the nation. The head of state is often the figurehead of the country, representing its identity and ideals. They may have limited or no executive powers, as their role is primarily symbolic and representative.Rate this question:
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- 29.
The ___________ deals with everyday tasks of running the state
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Head of Government
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Dictator
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President
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Head of State
Correct Answer
A. Head of GovernmentExplanation
The Head of Government is responsible for handling the day-to-day operations and tasks involved in running the state. This position is usually occupied by the leader or prime minister of a country, who is in charge of implementing policies, making decisions, and overseeing the various government departments. The Head of Government focuses on practical matters and is responsible for the smooth functioning of the state's administration.Rate this question:
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- 30.
Sovereignty of law over people and elected officials (no one is above the law)
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Individuality
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Equality
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Rule of Law
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Proper Judicial Conduct
Correct Answer
A. Rule of LawExplanation
The concept of "Rule of Law" refers to the principle that all individuals, including elected officials, are subject to and must abide by the laws of the land. It emphasizes the idea that no one is above the law, ensuring equal treatment and accountability for all. This principle is essential for maintaining a just and fair society, where the sovereignty of law prevails over individuals and elected officials, preventing abuse of power and promoting justice and equality for all citizens.Rate this question:
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- 31.
An electoral system in which political parties compete in multi-member districts; voters choose between parties, and the seats in the district are awarded proportionally according to the results of the vote.
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Single Member District
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Direct Democracy
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Proportional Representation
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Bicameral Legislation
Correct Answer
A. Proportional RepresentationExplanation
Proportional representation is an electoral system where political parties compete in multi-member districts, and voters choose between parties. The seats in the district are awarded proportionally based on the results of the vote. This means that the number of seats a party receives is directly proportional to the percentage of votes they receive. It allows for a fairer representation of different political parties and ensures that minority parties have a chance to be represented in the legislature.Rate this question:
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- 32.
This was created after WW2 to prevent another war from happening again.
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European Union
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Treaty of Versailles
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Contracts
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League of Nations
Correct Answer
A. European UnionExplanation
The European Union was created after World War II with the aim of preventing another war from happening again. It was established to promote economic cooperation and political integration among European countries, in order to foster peace and stability in the region. By creating a common market and implementing policies that promote cooperation and solidarity among member states, the European Union aims to prevent conflicts and promote the well-being of its citizens.Rate this question:
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- 33.
This section of the EU is made up of one judge for each country and they rule on EU laws. They also settle conflicts between EU laws and the laws of member states
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European Comission
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European Parliment
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EU Court of Justice
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European Council
Correct Answer
A. EU Court of JusticeExplanation
The EU Court of Justice is the correct answer because it is responsible for interpreting and applying EU law. It consists of one judge from each EU country, ensuring that each member state has representation. The court's main role is to settle disputes between EU laws and the laws of member states, ensuring consistency and compliance with EU legislation.Rate this question:
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- 34.
------------ encourages public debate
Correct Answer
GlasnostExplanation
Glasnost was a policy introduced in the Soviet Union in the 1980s by Mikhail Gorbachev. It aimed to promote openness and transparency in the government and society, encouraging public debate and discussion. Glasnost allowed for more freedom of speech and expression, allowing people to openly discuss political and social issues that were previously suppressed. This policy was a significant departure from the previous Soviet regime, which tightly controlled information and limited public discourse. Glasnost played a crucial role in fostering public debate and bringing about political and social changes in the Soviet Union.Rate this question:
- 35.
Actual institutional reforms in the economic and political system
Correct Answer
PerestroikaExplanation
Perestroika refers to the actual institutional reforms implemented in the economic and political system of the Soviet Union during the 1980s. It was introduced by Soviet leader Mikhail Gorbachev as an attempt to revitalize and restructure the stagnant Soviet economy and political system. Perestroika aimed to introduce elements of market economy and decentralization, allowing for more individual initiative and private enterprise. The reforms included measures such as liberalization of prices, privatization of state-owned enterprises, and greater political openness. Perestroika ultimately led to significant changes in the Soviet Union, but also contributed to its eventual dissolution.Rate this question:
- 36.
Countries that have become institutionalized democracy and a high level of economic development and prosperity
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First World Countries
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Developing Democracies
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Liberal Democracy
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Developed Democarcy
Correct Answer
A. Developed DemocarcyExplanation
The correct answer is "Developed Democracy". Developed democracies refer to countries that have established strong democratic institutions and have achieved a high level of economic development and prosperity. These countries typically have stable political systems, respect for human rights, and a well-functioning rule of law. They also have advanced infrastructure, high standards of living, and a strong middle class. Developed democracies are often characterized by strong social welfare systems, high levels of education and healthcare, and a high standard of living for their citizens.Rate this question:
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- 37.
______ is characterized by a set of value that center on "quality of life " rather than materialistic gain
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Post-Industrialism
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Post-Modernism
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Developed Country
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First World Country
Correct Answer
A. Post-ModernismExplanation
Post-Modernism is characterized by a set of values that center on "quality of life" rather than materialistic gain. Post-Modernism emerged as a reaction against the dominant ideologies of modernism and capitalism, emphasizing subjective experiences, diversity, and individualism. It rejects the notion that progress and economic growth are the ultimate goals, and instead focuses on the importance of personal fulfillment, creativity, and cultural diversity. Post-Modernism challenges the traditional definitions of success and encourages a more holistic approach to life, valuing happiness, well-being, and personal expression over material wealth and possessions.Rate this question:
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- 38.
The process of devolving or sending down political power to lower levels or governmnet
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Democracy
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Fedarlism
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Devolution
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Unitary States
Correct Answer
A. DevolutionExplanation
Devolution refers to the process of transferring political power from a central government to lower levels or regional governments. This allows for greater autonomy and decision-making power at the local level, while still maintaining a unified state. Devolution is often seen as a way to accommodate diverse regional interests and promote decentralized governance within a democratic framework. Unlike federalism, which involves the division of power between a central government and regional governments, devolution typically involves the transfer of power from the central government to regional or local governments within a unitary state.Rate this question:
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- 39.
A political system in which a small group of individual exercise power over the state without being constitutionally held to the public
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Totalitarianism
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Authoritarianism
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Communism
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Facism
Correct Answer
A. AuthoritarianismExplanation
Authoritarianism is the correct answer because it refers to a political system in which power is concentrated in the hands of a small group of individuals who exercise control over the state. Unlike totalitarianism, which seeks to control all aspects of society, authoritarianism does not necessarily require a complete absence of constitutional limitations or public accountability. Communism and fascism, on the other hand, are ideologies rather than specific forms of political systems.Rate this question:
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- 40.
A form of nondemocratic rule with a highly centralized state whose regime has a well defined ideology and seeks to transform and fuse the institutions of state, society, and the economy
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Facism
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Communism
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Totalitarianism
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Authoritarianism
Correct Answer
A. TotalitarianismExplanation
Totalitarianism is the correct answer because it accurately describes a form of nondemocratic rule where power is centralized in the state, and the regime has a specific ideology and aims to transform and control all aspects of society, including the state, economy, and institutions. This form of government seeks to exercise complete control and suppress any opposition or dissent. Both fascism and communism can be considered forms of totalitarianism, but totalitarianism is a broader term that encompasses various ideologies. Authoritarianism, on the other hand, refers to a form of government where power is concentrated in the hands of a single leader or a small group, but it does not necessarily involve a comprehensive transformation of society and institutions.Rate this question:
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- 41.
A political regime in which power is exercised by a few. Unbound by public or constitutional control
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Authorotarianism
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Democratic Rule
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Semi-Democratic Rule
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Nondemocratic Rule
Correct Answer
A. Nondemocratic RuleExplanation
Nondemocratic rule refers to a political regime where power is concentrated in the hands of a few individuals or a small group, without any checks or controls from the public or constitutional mechanisms. This means that the ruling elite have unrestricted power and are not accountable to the people or any established democratic processes. Nondemocratic rule is characterized by the absence of popular participation, limited civil liberties, and a lack of transparency and accountability.Rate this question:
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- 42.
This model of nondemocratic rule is based on the power if a single, strong leader who typically relies on charismatic or traditional authority
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Theocratic Rule
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Personal and Monarchial Rule
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Military RULE
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One-Party RUle
Correct Answer
A. Personal and Monarchial RuleExplanation
Personal and Monarchial Rule is the correct answer because this model of nondemocratic rule involves a single, strong leader who holds all the power. The leader usually relies on their personal authority or the traditional authority associated with their position as a monarch. This type of rule is characterized by centralized decision-making and a lack of checks and balances, as the leader's authority is not derived from any democratic process or institutionalized system.Rate this question:
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- 43.
This nondemocratic rule is transitional and in countries with a lot of public political unrest. The rule by one or more military officials often brought to power
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One-Party Rule
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Theocratic Rule
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Military Rule
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Illiberal/Hybrid Rule
Correct Answer
A. Military RuleExplanation
Military rule refers to a type of nondemocratic rule that is transitional and commonly found in countries with significant public political unrest. It involves the governance by one or more military officials who have seized power. This form of rule is often implemented as a temporary measure to restore stability and order, with the intention of eventually transitioning to a more democratic system. Military rule typically involves the suppression of political opposition and the restriction of civil liberties.Rate this question:
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- 44.
The value invested in any human-made goods that can be used by another individual
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Base
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Surplus Value Labor
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Dialectical Materialism
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Central Planning
Correct Answer
A. Surplus Value LaborExplanation
Surplus value labor refers to the additional value created by workers beyond what is necessary to cover their wages and basic needs. It represents the exploitation of labor by capitalists who profit from the surplus value generated by workers. This concept is central to Marxist theory and critiques the capitalist system, arguing that it leads to inequality and exploitation. It is an important aspect of understanding the relationship between labor and capital in the production process.Rate this question:
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- 45.
Represents all human institutions
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Surplus value of labor
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Dialectical Materialism
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Superstructure
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Base
Correct Answer
A. SuperstructureExplanation
The term "superstructure" in Marxist theory refers to all human institutions, such as government, education, religion, and culture, that are built upon the economic base of society. It is the social, political, and ideological framework that supports and maintains the existing economic system. The superstructure is shaped by the dominant class and serves to perpetuate their interests and maintain social order. It includes institutions and practices that influence people's beliefs, values, and behaviors, ultimately reinforcing the existing power structures.Rate this question:
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- 46.
The transfer of the state held property into private hands
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Marketization
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Liberal Economy
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Privitization
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Capitalism
Correct Answer
A. PrivitizationExplanation
Privatization refers to the process of transferring state-owned property or assets into private ownership. This can include selling state-owned enterprises, such as industries or utilities, to private companies or individuals. Privatization is often pursued as a means to increase efficiency, competition, and economic growth by allowing the private sector to take control of previously state-run activities. It is a key element of market-oriented economic systems and is associated with capitalism and the liberal economy.Rate this question:
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- 47.
Institution that controls how much money is flowing through the economy as well as how much it costs to borrow money in the economy
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Central Bank
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Monetary Policy
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Government
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Social Expenditure
Correct Answer
A. Central BankExplanation
The correct answer is Central Bank because it is the institution that has the authority to control the money supply and interest rates in an economy. Through its monetary policy, the central bank can influence the amount of money flowing through the economy and determine the cost of borrowing money. It plays a crucial role in maintaining price stability, managing inflation, and promoting economic growth.Rate this question:
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- 48.
The state should make available on array of public goods functions on a foundation of capitalism with private property
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Social Democracy
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Communism
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LIberalism
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Mercantilism
Correct Answer
A. Social DemocracyExplanation
Social Democracy is the correct answer because it advocates for a mixed economy where the state provides a range of public goods and services, while still maintaining a capitalist system with private property. This ideology believes in combining the principles of social justice and equality with market-based economies. Social democrats aim to create a welfare state that ensures access to education, healthcare, and social security, while also promoting economic growth and individual freedom.Rate this question:
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- 49.
Focuses on the needs of the state believe economic weakness undermines national sovreignity
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Liberalism
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Social Democracy
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Mercantilism
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Communism
Correct Answer
A. MercantilismExplanation
Mercantilism is the correct answer because it is an economic theory that focuses on the needs and interests of the state. It believes that economic weakness undermines national sovereignty, and therefore promotes policies such as protectionism, colonialism, and accumulation of wealth through exports. Mercantilism was prominent during the 16th to 18th centuries and was practiced by many European nations, including England and France.Rate this question:
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Sep 05, 2023Quiz Edited by
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Oct 08, 2016Quiz Created by
Sarika.s.nadar
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