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Political Economy & Globalization Concepts Quiz

Analyze world systems with this political economy globalization quiz examining theories. This globalization concepts test covers interdependence, trade, inequality, sovereignty, and Heywood perspectives through political economy...

Questions: 15 | Attempts: 20 | Last updated: Jan 8, 2026

Sample Question 1
What is mercantilism?

A free-market system with minimal state role

An economic system based on communal ownership

An approach favoring unrestricted global trade

An economic philosophy emphasizing state control over trade

Sample Question 2
What best defines protectionism?

Removing all trade barriers

Import restrictions to protect domestic industries

Promoting global cooperation

Encouraging unrestricted competition

Sample Question 3
What is the core idea of Keynesianism?

Focus on supply-side tax cuts

Minimal state intervention

Regulation of aggregate demand for full employment

Unlimited public spending

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