Midterm Prep Quiz (Weeks 1-5)
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Please select the logo of Visa in the given image.
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45-14-152-76-107-62-240-480
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This quiz assesses understanding of research methods in social sciences, focusing on political events, evidence types, and system designs.
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- 2.
Please select the logo of Visa in the given image.
- 3.
Why is correlation not alone sufficient for explanation of a cause-and-effect argument?
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Correlative links do not necessarily imply causation.
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Cause-and-effect argument doesn't happen in comparative politics.
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Negative correlation necessarily negates association.
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Only positive correlation is explanatory.
Correct Answer
A. Correlative links do not necessarily imply causation.Explanation
Correlation is not alone sufficient for explaining a cause-and-effect argument because correlative links do not necessarily imply causation. Just because two variables are correlated does not mean that one variable causes the other. There may be other factors or variables at play that are causing the observed correlation. Therefore, additional evidence and analysis are needed to establish a causal relationship between variables in a cause-and-effect argument.Rate this question:
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- 4.
To make a concept measureable, researchers would use __________.
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Operationalization
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Coordination
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Conceptualization
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Organization
Correct Answer
A. OperationalizationExplanation
Operationalization is the process of defining and measuring abstract concepts or variables in a way that allows them to be observed and analyzed. It involves specifying the operations or procedures that will be used to measure the concept in a concrete and measurable way. This helps researchers to collect data and analyze it objectively, making the concept measurable and enabling further research and analysis.Rate this question:
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- 5.
Evidence that may come from narrative accounts of historical or contemporary events is called ____________ evidence.
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Quantifiable evidence
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Quasi evidence
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Quantitative evidence
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Qualitative evidence
Correct Answer
A. Qualitative evidenceExplanation
Qualitative evidence refers to evidence that is descriptive in nature and is based on observations, interviews, and narratives. It provides a deeper understanding of the context and subjective experiences of individuals or events. In the given question, the term "narrative accounts" suggests that the evidence being referred to is qualitative in nature, as it is based on narratives of historical or contemporary events. Therefore, the correct answer is qualitative evidence.Rate this question:
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- 6.
In order to discern the causes and effects of political events, many social scientists use the __________ method.
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Causal
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Comparative
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Qualitative
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Effective
Correct Answer
A. ComparativeExplanation
Social scientists use the comparative method to discern the causes and effects of political events. This method involves comparing different cases or situations to identify patterns and relationships between variables. By examining similarities and differences between cases, social scientists can make inferences about the causal factors that influence political events. The comparative method allows for a systematic and rigorous analysis of political phenomena, helping to uncover underlying causes and effects.Rate this question:
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- 7.
The Most Similar Systems Design is used when which of the following is true?
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Two or more cases have different outcomes.
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Two or more cases have similar outcomes.
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Two or more cases have similar hypotheses.
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Two or more cases have different independent variables.
Correct Answer
A. Two or more cases have different outcomes.Explanation
The Most Similar Systems Design is used when two or more cases have different outcomes. This design is used to compare cases that are similar in all aspects except for the outcome variable. By comparing cases with different outcomes, researchers can identify the factors that contribute to the different outcomes and gain a better understanding of the causal mechanisms at play.Rate this question:
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- 8.
What is a concept?
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An individual's opinion on a subject
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An abstract idea that we attempt to define and measure
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A theory in science that has been tested and vetted
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An indisputable fact
Correct Answer
A. An abstract idea that we attempt to define and measureExplanation
A concept refers to an abstract idea that we try to define and measure. It is not an individual's opinion or a theory in science that has been tested and vetted. It is also not an indisputable fact. Concepts are subjective and can vary based on individual interpretations and perspectives.Rate this question:
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- 9.
Which of the following would be unlikely to be cases in a study of comparative politics?
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Political parties
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Social movements
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Freedom
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None of the above
Correct Answer
A. FreedomExplanation
A study of comparative politics typically focuses on comparing different political systems, institutions, and processes across different countries or regions. Political parties and social movements are common subjects of study in comparative politics because they play important roles in the political dynamics of different countries. However, freedom is a broad concept that is not specific to politics and can be studied in various disciplines such as philosophy or sociology. Therefore, it would be unlikely to be a case in a study of comparative politics.Rate this question:
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- 10.
Which of the following is true about the cases Most-Similar-Systems designs?
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The outcomes should be similar
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All variables in the analysis are similar
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The outcomes should differ
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All variables in the analysis are constant
Correct Answer
A. The outcomes should differExplanation
Most-Similar-Systems designs involve comparing cases that are similar in all variables except for the treatment or intervention being studied. The purpose of this design is to determine the effect of the treatment by observing the differences in outcomes between the similar cases. Therefore, the correct answer is that the outcomes should differ, as this is the basis for comparing the effects of the treatment.Rate this question:
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- 11.
An empirical critique serves to:
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Establish the validity of the evidence presented
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Point to evidence that does not support a conventional version of a given theory
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Demonstrate the logical limitations of a given theory
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Demonstrate the link between hypotheses and theory
Correct Answer
A. Point to evidence that does not support a conventional version of a given theoryExplanation
An empirical critique serves to point out evidence that does not support a conventional version of a given theory.Rate this question:
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- 12.
Which of the following is the most empirical question?
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Which societies are the most democratic?
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Isn't American democracy the best in the world?
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Isn't French democracy the best in the world?
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Shouldn't all societies be democratic?
Correct Answer
A. Which societies are the most democratic?Explanation
The question "Which societies are the most democratic?" is the most empirical because it can be answered through empirical research and data analysis. It involves gathering information about different societies and evaluating their level of democracy based on specific criteria. The other options involve subjective opinions or assumptions about the quality of American or French democracy, which cannot be objectively measured. The last option is a normative question about what should be, rather than what is.Rate this question:
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- 13.
Which of the following would be an example of a “leading” question?
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Why did the New World colonies revolt against the British?
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When did the British colonize the New World?
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Why did the British unfairly tax the New World colonies?
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Why did the British colonize the New World?
Correct Answer
A. Why did the British unfairly tax the New World colonies?Explanation
The correct answer is "Why did the British unfairly tax the New World colonies?" because it suggests a biased or negative assumption about the British actions, leading the respondent to answer in a particular way. The other options are more neutral and do not contain any leading language.Rate this question:
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- 14.
Which of the following is not a good comparative politics question?
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When did the Iranian Revolution happen?
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Why did the Iranian Revolution not lead to liberal democracy?
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Why did the Iranian Revolution happen?
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Why was the Iranian Revolution unlike the Russian Revolution in some key respects?
Correct Answer
A. When did the Iranian Revolution happen?Explanation
The question "When did the Iranian Revolution happen?" is not a good comparative politics question because it simply asks for a factual piece of information without analyzing or comparing any political aspects. Comparative politics questions typically examine the causes, effects, or differences between political phenomena in different countries or regions.Rate this question:
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- 15.
Why is operationalization key to the study of comparative politics?
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Operationalization guarantees an unbiased study.
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Operationalization organizes concepts on the basis of their specificity or generalit
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Operationalization allows for researchers to see many sides to the story.
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Operationalization makes a concept measureable.
Correct Answer
A. Operationalization makes a concept measureable.Explanation
Operationalization is key to the study of comparative politics because it allows researchers to make concepts measurable. This means that abstract ideas or theories can be transformed into concrete variables that can be observed and analyzed. By operationalizing concepts, researchers can collect data and test hypotheses, which leads to a more rigorous and scientific study of comparative politics. It ensures that research is based on empirical evidence and enables researchers to make objective and reliable conclusions.Rate this question:
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- 16.
Which of the following might be considered a theory?
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The Somali state is a weak state
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Revolutions are more likely to happen when there are opportunities to organize and express dissent.
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Comparative politics is a dynamic field
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The National Rifle Association has a high mobilization capacity.
Correct Answer
A. Revolutions are more likely to happen when there are opportunities to organize and express dissent.Explanation
The statement "Revolutions are more likely to happen when there are opportunities to organize and express dissent" can be considered a theory because it presents a causal relationship between two variables - the likelihood of revolutions and the presence of opportunities for organizing and expressing dissent. This statement suggests that when people have the ability to voice their grievances and mobilize, it increases the chances of revolutionary movements emerging. It offers an explanation for the conditions under which revolutions are more likely to occur.Rate this question:
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- 17.
Which of the following is not true?
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Theories require real world support
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Theories are general explanations of empirical phenomena
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Theories are typically backed by facts and evidence
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Theories are usually inductive
Correct Answer
A. Theories are usually inductiveExplanation
Theories are usually inductive because they are based on specific observations or evidence and then generalized to explain broader phenomena. Inductive reasoning involves drawing conclusions from specific instances to form a general principle. However, it is important to note that not all theories are inductive, as some may be deductive or a combination of both. Deductive reasoning starts with general principles and applies them to specific cases.Rate this question:
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- 18.
Which of the following would be considered an empirical critique of a theory?
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A theory says that institutional quality predicts economic growth, but a study argues that this can't be true because institutional quality is far too vague of an idea
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A theory says that institutional quality predicts economic growth, but a study finds that by standard measures of institutional quality, there is no independent effect once you control for resource endowments and international ties
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A theory says that institutional quality predicts economic growth, but a study argues that all cultures are so different that we cannot compare them.
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A theory says that institutional quality predicts economic growth, but a study argues that this is unknown since we don't know which kinds of institutions might be importan
Correct Answer
A. A theory says that institutional quality predicts economic growth, but a study finds that by standard measures of institutional quality, there is no independent effect once you control for resource endowments and international tiesExplanation
This explanation suggests that the empirical critique of the theory is based on a study that examined the relationship between institutional quality and economic growth using standard measures. The study found that once factors such as resource endowments and international ties were taken into account, there was no independent effect of institutional quality on economic growth. This challenges the validity of the theory and suggests that other factors may be more important in determining economic growth.Rate this question:
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- 19.
Deviant cases are unique because _________.
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They provide little insight to the study or its results.
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They do not fit the predicted pattern
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They result from deductive reasoning
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They specifically deal with the study of social deviants in a society
Correct Answer
A. They do not fit the predicted patternExplanation
Deviant cases are unique because they do not fit the predicted pattern. This means that they deviate from the expected or typical behavior or outcome. These cases are important to study because they challenge existing theories or assumptions and can provide valuable insights into understanding complex phenomena. By analyzing and understanding deviant cases, researchers can refine their theories and develop a more comprehensive understanding of the subject under study.Rate this question:
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- 20.
How do hypotheses differ from theories?
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Hypotheses are less hypothetical than theories
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Hypotheses are more quantitative than theories
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Hypotheses are less intuitive than theories
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Hypotheses are more speculative than theories
Correct Answer
A. Hypotheses are more speculative than theoriesExplanation
Hypotheses are more speculative than theories because they are based on limited evidence and are subject to further testing and refinement. Theories, on the other hand, are well-established explanations that have been extensively tested and supported by a wide range of evidence. While hypotheses are important in the scientific method as initial explanations or predictions, they are considered less reliable and more uncertain compared to theories. Theories provide a more comprehensive and robust understanding of a phenomenon and are supported by a larger body of evidence.Rate this question:
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- 21.
Which of the following would be considered a theoretical critique?
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A theory says that increasing economic growth leads to the decline of religion, but a study says that data on the United States are hard to reconcile with this idea
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A theory says that increasing economic growth leads to the decline of religion, but a study says that the idea of “the decline of religion” is not sufficiently specific for the theory to carry much weight
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A theory says that economic growth leads to the decline of religion, but a study shows the effect disappears when you control for literacy and educational levels the effect disappears
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None of these are valid because the theory linking economic growth to religious decline is immune to theoretical critique
Correct Answer
A. A theory says that increasing economic growth leads to the decline of religion, but a study says that the idea of “the decline of religion” is not sufficiently specific for the theory to carry much weightExplanation
The correct answer is a theoretical critique because it challenges the specificity of the theory's main concept, "the decline of religion." The study argues that this idea is not specific enough for the theory to be considered valid or influential. This critique suggests that the theory lacks clarity and precision in its central hypothesis, potentially weakening its overall credibility.Rate this question:
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- 22.
What is necessary for a good argument?
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Strong belief in the argument
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Emphatic elocution of the argument
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Loud voices to state the argument
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Evidence to support the argument
Correct Answer
A. Evidence to support the argumentExplanation
A good argument requires evidence to support it. Evidence provides factual information and logical reasoning that can convince others of the validity of the argument. Without evidence, an argument lacks credibility and cannot effectively persuade others. Strong belief in the argument, emphatic elocution, and loud voices may help in presenting the argument, but they do not guarantee its strength or effectiveness. Only evidence can provide a solid foundation for a good argument.Rate this question:
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- 23.
Please select the logo of Visa in the given image.
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The “bellicist theory of the state” refers to the belief that states are created by _________.
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Revolution
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Geographical boundaries
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War
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Trade
Correct Answer
A. WarExplanation
The "bellicist theory of the state" suggests that states are formed as a result of war. This theory argues that conflict and warfare are essential for the creation and development of states. It posits that through war, states emerge as a means to protect and assert control over a particular territory or population. War is seen as a catalyst for the formation of political entities and the establishment of power structures within societies.Rate this question:
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- 25.
What are three ‘powers’ that modern states keep separate (to a greater or lesser degree)?
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Policy creation, regulation, law enforcement
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Head of state, head of government, representative of the people
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Parliamentary, presidential, municipal
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Decision-making, law enforcement, representation
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Executive, legislative, judicial
Correct Answer
A. Executive, legislative, judicialExplanation
Modern states keep the powers of executive, legislative, and judicial separate to a greater or lesser degree. The executive branch is responsible for implementing and enforcing laws, the legislative branch is responsible for creating and passing laws, and the judicial branch is responsible for interpreting and applying laws. This separation of powers helps to ensure a system of checks and balances and prevent the concentration of power in one branch of government.Rate this question:
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- 26.
Which philosopher is best known for the theory that a strong sovereign state is needed to keep internal conflict at bay?
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Roy Hobbs
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Thomas More
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Barrington Moore
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Thomas Hobbes
Correct Answer
A. Thomas HobbesExplanation
Thomas Hobbes is best known for the theory that a strong sovereign state is needed to keep internal conflict at bay. Hobbes believed that without a strong central authority, society would descend into a state of nature where life would be "solitary, poor, nasty, brutish, and short." He argued that a strong sovereign state is necessary to maintain order and prevent individuals from harming each other.Rate this question:
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- 27.
Which of the following authors argues that cultural factors like religion played a key role in the rise of the earliest modern states?
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Pope Francis
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Nelson Mandela
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Charles Tilly
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Philip Gorski
Correct Answer
A. Philip GorskiExplanation
Philip Gorski argues that cultural factors like religion played a key role in the rise of the earliest modern states.Rate this question:
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- 28.
What is the basic definition of a failed state?
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A state that fails to modernize
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A state that ceases to be democratic
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A state wherein a rebellion is taking place
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A state that cannot or does not perform its expected function
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A state that does not respect human rights
Correct Answer
A. A state that cannot or does not perform its expected functionExplanation
A failed state is a state that cannot or does not perform its expected function. This means that the government of the state is unable to provide basic services and maintain control over its territory. It may be unable to protect its citizens, enforce laws, provide infrastructure, or deliver essential services such as education and healthcare. This can lead to a breakdown of law and order, economic instability, and a loss of trust in the government. Ultimately, a failed state is characterized by its inability to effectively govern and meet the needs of its population.Rate this question:
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- 29.
Chapter 3's “Thinking Comparatively” feature considers the implications of the history of British state formation for each of the three major theories in the chapter. Based on the discussion there, which of the following is the most reasonable conclusion?
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The bellicist theory wins; the economic and cultural theories fai
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All the theories lose.
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There is evidence for several major theories in the case.
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The case is an outlier that must be thrown out
Correct Answer
A. There is evidence for several major theories in the case.Explanation
Based on the discussion in Chapter 3's "Thinking Comparatively" feature, the most reasonable conclusion is that there is evidence for several major theories in the case. This suggests that the history of British state formation can be explained by multiple theories, rather than just one theory winning or all theories losing. The case serves as an example where different theories can provide valid explanations, highlighting the complexity and multifaceted nature of state formation.Rate this question:
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- 30.
Martial law would be an extreme example of __________.
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State policing
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Economic stimulus
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Democracy
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Proactive foreign policy
Correct Answer
A. State policingExplanation
Martial law would be an extreme example of state policing. State policing refers to the use of law enforcement and security forces by the government to maintain order and control within a country. Martial law takes state policing to a higher level, where the military is given authority and control over civilian activities, suspending normal law and civil rights. It is usually imposed during times of emergency, unrest, or natural disasters when the government believes that regular law enforcement is insufficient to maintain order.Rate this question:
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- 31.
Which of the following is not typically identified by political scientists as a major characteristic of most modern states?
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Impersonality
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Bureaucracy
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Propinquity
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Sovereignty
Correct Answer
A. PropinquityExplanation
Political scientists typically do not identify propinquity as a major characteristic of most modern states. Propinquity refers to physical proximity or closeness, and while it can have implications for certain aspects of state relations, it is not considered a defining characteristic of states. Instead, political scientists focus on characteristics such as sovereignty, bureaucracy, and impersonality, which have more direct and significant impacts on the functioning and structure of modern states.Rate this question:
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- 32.
Which of the following would not necessarily be an indicator of a state having high capacity?
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Properly functioning bureaucracy
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Maintenance of the rule of law
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Established monopoly on the use of force
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Demonstrated economic growth
Correct Answer
A. Demonstrated economic growthExplanation
Demonstrated economic growth would not necessarily be an indicator of a state having high capacity because economic growth can occur even in states with weak institutions or limited capacity. Other factors such as a properly functioning bureaucracy, maintenance of the rule of law, and an established monopoly on the use of force are more indicative of a state with high capacity as they reflect the state's ability to effectively govern and provide public goods and services to its citizens.Rate this question:
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- 33.
What is a necessary condition distinguishing ‘the modern state’ differ from ‘the state’ in general?
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Democratic
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Scientific/technological advancement
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Size of territory
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None of the above
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Number of people
Correct Answer
A. None of the above -
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Which of the following would not be a tendency of a modern state?
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Dependent judiciary
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Extensive bureaucracy
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Claim of sovereignty
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Autonomy from religious organizations
Correct Answer
A. Dependent judiciaryExplanation
A modern state is typically characterized by a judiciary that is independent and impartial, ensuring the rule of law and justice. A dependent judiciary, on the other hand, would imply that the judiciary is under the control or influence of another branch of government, such as the executive. This would undermine the separation of powers and compromise the fairness and integrity of the judicial system. Therefore, a dependent judiciary would not be a tendency of a modern state.Rate this question:
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- 35.
Who notably argues that modern states appear all over the world in part because the “nation-state” is a cultural model that everyone comes to imitate?
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Charles Tilly
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Benito Mussolini (and his collaborators)
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John Meyer (and his collaborators)
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Joseph Strayer
Correct Answer
A. John Meyer (and his collaborators)Explanation
John Meyer and his collaborators argue that modern states appear all over the world because the "nation-state" is a cultural model that everyone imitates.Rate this question:
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- 36.
Which of the following is not generally considered a key definitive feature or function of modern states?
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Environmental sustainability
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Administering information about the populace
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Domestic policing
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International security
Correct Answer
A. Environmental sustainabilityExplanation
Environmental sustainability is not generally considered a key definitive feature or function of modern states. While modern states may prioritize environmental sustainability, it is not universally considered a key function. Key definitive features or functions of modern states typically include administering information about the populace, domestic policing, and international security.Rate this question:
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- 37.
What does 'rationalization' refer to, in the context of the modern state?
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Common sense dictates how states should be organized
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Modern states rely on computer systems to function
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States should be organized according to an explicit set of rules or ideas
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The best form of government is a technocracy
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Order in society requires abandonment of 'old' culture, beliefs
Correct Answer
A. States should be organized according to an explicit set of rules or ideasExplanation
Rationalization refers to the idea that states should be organized based on a clear and explicit set of rules or ideas. This means that decisions and actions taken by the state are guided by rational thinking and logical reasoning, rather than being based on personal preferences or arbitrary choices. This approach aims to create a system that is fair, efficient, and transparent, where decisions are made based on objective criteria and principles. Rationalization helps to ensure consistency and accountability in the functioning of the modern state.Rate this question:
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- 38.
Who is not a major scholar who has written on economics and state formation?
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Douglass North
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Charles Tilly
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Nigel Tufnel
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Barry Weingast
Correct Answer
A. Nigel TufnelExplanation
Nigel Tufnel is not a major scholar who has written on economics and state formation. Douglass North, Charles Tilly, and Barry Weingast are all well-known scholars who have made significant contributions in the field of economics and state formation.Rate this question:
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- 39.
Which of the following is less likely to be found in a well-functioning state than in a failed state?
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Higher levels of interpersonal violence
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Higher Gross Domestic Product (GDP) per capita
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Higher adult literacy percentages
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Higher rate of taxation
Correct Answer
A. Higher levels of interpersonal violenceExplanation
A well-functioning state is more likely to have lower levels of interpersonal violence compared to a failed state. This is because a well-functioning state typically has effective law enforcement, a functioning justice system, and social programs that promote stability and safety. On the other hand, a failed state is characterized by weak governance, lack of security, and breakdown of law and order, which often leads to higher levels of interpersonal violence.Rate this question:
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- 40.
Which of the following is not a leading explanation for Nigeria's weak state?
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Excessive emphasis on law and order
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Ethnic and religious differences
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Political economy too heavily centered on petroleum products
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Legacies of colonialism
Correct Answer
A. Excessive emphasis on law and orderExplanation
The correct answer suggests that excessive emphasis on law and order is not a leading explanation for Nigeria's weak state. This means that the excessive focus on maintaining law and order is not considered a significant factor contributing to Nigeria's weak state. Other factors such as ethnic and religious differences, a political economy centered on petroleum products, and legacies of colonialism are considered more influential in explaining Nigeria's weak state.Rate this question:
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- 41.
Marx's view of the state as a representation of the interests of the bourgeoisie is an example of which of the following types of theories of state emergence.
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Cultural
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Economic
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Bellicist
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Historical Institutionalist
Correct Answer
A. EconomicExplanation
Marx's view of the state as a representation of the interests of the bourgeoisie aligns with the economic theory of state emergence. According to this theory, the state is seen as a product of economic structures and serves to protect the interests of the ruling class. Marx believed that the bourgeoisie, as the dominant economic class, used the state to maintain their power and exploit the working class. This perspective emphasizes the economic factors that shape the emergence and function of the state.Rate this question:
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- 42.
How is the concept of ‘legibility’ related to that of the ‘modern state’?
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Standardized time-keeping
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Population surveys and censuses
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Existence of a written constitution
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Greater degree of literacy
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A basis on the rule of law
Correct Answer
A. Population surveys and censusesExplanation
The concept of 'legibility' refers to the ability of the state to gather information about its population in a standardized and organized manner. Population surveys and censuses are methods used by the modern state to collect data and gain knowledge about its citizens. This information is crucial for the state to effectively govern and make informed decisions. Therefore, the concept of 'legibility' is related to the modern state through the use of population surveys and censuses to gather necessary information.Rate this question:
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- 43.
What do political scientists mean when they talk about the “state-society relationship”?
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The state is a political organization that is embedded in society, and there is a standard, proportional relationship between a society's size and a state's strength.
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The state is a political organization that is embedded in society, and the extent to which it is autonomous from various groups differs from case to case.
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States and societies sometimes share overlapping territories.
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Societies and states are social entities existing on parallel tracks.
Correct Answer
A. The state is a political organization that is embedded in society, and the extent to which it is autonomous from various groups differs from case to case.Explanation
Political scientists refer to the "state-society relationship" as the connection between the state, which is a political organization, and society. This relationship is characterized by the degree of autonomy the state has from various societal groups, which can vary from case to case. In other words, the state's level of independence from different societal actors differs depending on the specific context.Rate this question:
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- 44.
What functions are traditionally associated with the welfare state?
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Unemployment insurance
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Pensions / social insurance
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Health care
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Basic minimum income
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A, B and C
Correct Answer
A. A, B and CExplanation
The functions traditionally associated with the welfare state include unemployment insurance, pensions/social insurance, and health care. These are the main pillars of a welfare state, providing support and assistance to individuals in times of unemployment, old age, and medical needs. Additionally, basic minimum income is also often considered a function of the welfare state, providing a safety net for those in need. Therefore, the correct answer is A, B and C.Rate this question:
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- 45.
The ways politics and economics interrelate and affect one another is called __________.
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Political Economy
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Civil Society
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Free Markets
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Domestic Relations
Correct Answer
A. Political EconomyExplanation
Political economy is the study of how politics and economics are interconnected and how they influence each other. It examines the relationship between government policies, economic systems, and societal outcomes. By analyzing the distribution of power, resources, and wealth within a society, political economy seeks to understand the impact of political decisions on economic outcomes and vice versa. It explores topics such as taxation, trade, regulation, and social welfare, providing insights into the complex dynamics between politics and economics.Rate this question:
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- 46.
In general, a transaction between two or more private actors at a price they agree upon is called a:
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Wall Street Transaction
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Market Transaction
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State-led transaction
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Consumer surplus transaction
Correct Answer
A. Market TransactionExplanation
A market transaction refers to a transaction between private actors where they agree upon a price. This means that the transaction takes place in a market where buyers and sellers interact and negotiate the terms of the transaction. In this type of transaction, the price is determined by the forces of supply and demand, and the outcome is based on the voluntary agreement between the parties involved. Therefore, the correct answer is Market Transaction.Rate this question:
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- 47.
Two leading scholars of political economy in the eighteenth and nineteenth centuries were:
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David St. Hubbins and Derek Smalls
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Thomas Hobbes and René Descartes
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Adam Smith and Karl Marx
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John Maynard Keynes and Milton Friedman
Correct Answer
A. Adam Smith and Karl Marx -
- 48.
Modern states engage in taxing and spending, which is sometimes referred to as:
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Social policy
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Socialist policy
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Monetary policy
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Fiscal policy
Correct Answer
A. Fiscal policyExplanation
Modern states engage in taxing and spending, which is referred to as fiscal policy. Fiscal policy involves the government's use of taxation and spending to influence the economy. It is used to manage the overall levels of aggregate demand and stabilize the economy. By adjusting tax rates and government spending, the government can influence the economy's overall level of economic activity, employment, and inflation. Fiscal policy is an important tool for governments to achieve their economic goals and address various economic issues.Rate this question:
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- 49.
Unlike neoliberals, proponents of __________ believe that markets are unlikely to generate national wealth on their own.
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Capitalism
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State interventionism
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Embedded autonomy
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Laissez-faire liberalism
Correct Answer
A. State interventionismExplanation
Proponents of state interventionism believe that markets are unlikely to generate national wealth on their own. They argue that government intervention and regulation are necessary to ensure fair competition, protect consumers, and promote economic growth and development. State interventionists believe that the government should play an active role in managing the economy and addressing market failures. This stands in contrast to neoliberals who advocate for minimal government intervention and believe that free markets are the most efficient way to generate wealth.Rate this question:
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Mar 20, 2023Quiz Edited by
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Jun 17, 2020Quiz Created by
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