·

Martin
Staniland suggests “how politics determines aspects of the economy, and
how economic institutions determine the political process, as well as the
dynamic interaction between the two forces” defines:

Answer

Selected Answer:

political
economy

Correct Answer:

political
economy

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276

·
Question 2

1 out of 1 points

Correct

During the 16th
and 17th centuries, major European countries were guided by the philosophy of
___________________

which looked at a
nation’s economy as means to enhance political power and monarchies.

Answer

Selected Answer:

merchantilism

Correct Answer:

merchantilism

Response Feedback:

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277

·
Question 3

1 out of 1 points

Correct

Eighteenth
century Scottish economist Adam Smith favored which kind of state involvement
in markets?

Answer

Selected Answer:

limited
involvement

Correct Answer:

limited
involvement

Response Feedback:

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277

·
Question 4

1 out of 1 points

Correct

Twentieth century
economist Sir John Maynard Keynes, responding to the Great Depression,
advocated:

Answer

Selected Answer:

Both
1 and 2

Correct Answer:

Both
1 and 2

Response Feedback:

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277

·
Question 5

1 out of 1 points

Correct

Allowing
market forces complete free reign, with no government intervention is

Answer

Selected Answer:

laissez
faire

Correct Answer:

laissez
faire

Response Feedback:

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277

·
Question 6

1 out of 1 points

Correct

Since
the 1980s, neoliberal economic policies (free trade, free markets,
unrestrained capitalism) reduced government economic intervention in:

Answer

Selected Answer:

Both 1 and 2

Correct Answer:

Both 1 and 2

Response Feedback:

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277

·
Question 7

1 out of 1 points

Correct

In
a command economy:

Answer

Selected Answer:

All
of the above

Correct Answer:

All
of the above

Response Feedback:

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278

·
Question 8

1 out of 1 points

Correct

One
could conclude that Adam Przeworski is in favor of which form of economic
policy?

Answer

Selected Answer:

Capitalist

Correct Answer:

Capitalist

Response Feedback:

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279

·
Question 9

0 out of 1 points

Incorrect

Major
weaknesses of command economies include all except:

Answer

Selected Answer:

State
planners may have too much power and can be corrupt.

Correct Answer:

Income
inequality can be reduced.

·
Question 10

1 out of 1 points

Correct

Command
economies feature a large class of privileged bureaucrats that enjoy
________________.

Answer

Selected Answer:

perquisites

Correct Answer:

perquisites

Response Feedback:

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280

·
Question 11

1 out of 1 points

Correct

China’s
transition to _________________ has produced one of the world’s fastest
growing economies.

Answer

Selected Answer:

market
socialism

Correct Answer:

market
socialism

Response Feedback:

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280

·
Question 12

1 out of 1 points

Correct

Chalmers Johnson’s
notion of the developmental state is exemplified by which Asian countries?

Answer

Selected Answer:

All
of the above

Correct Answer:

All
of the above

Response Feedback:

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285

·
Question 13

0 out of 1 points

Incorrect

East
Asian developmental states intervened actively in their respective economies
to guide and achieve goals -all except:

Answer

Selected Answer:

export
competiveness

Correct Answer:

income
inequality

·
Question 14

1 out of 1 points

Correct

Which
Asian country’s model for state guided industrial policies served as a model
for other Asian countries?

Answer

Selected Answer:

Japan

Correct Answer:

Japan

Response Feedback:

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285

·
Question 15

0 out of 1 points

Incorrect

Which
two Third World countries mentioned in Chapter 10 relied on American trained
economists to develop economic policies?

Answer

Selected Answer:

South
Korea and Taiwan

Correct Answer:

Indonesia
and Chile

·
Question 16

1 out of 1 points

Correct

Which model for
economic development assigns government a very limited role?

Answer

Selected Answer:

neoclassical
or neoliberal

Correct Answer:

neoclassical
or neoliberal

Response Feedback:

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286

·
Question 17

1 out of 1 points

Correct

During
the past two decades, countries in Latin America and Africa have reduced
government control of economic development because:

Answer

Selected Answer:

All
of the above

Correct Answer:

All
of the above

Response Feedback:

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287

·
Question 18

0 out of 1 points

Incorrect

Third World
countries in Latin America have yet to catch up with countries in
Asia which have adopted a (an) __________________

strategy to
capture international consumer markets.

Answer

Selected Answer:

import
oriented industrialization (ISI)

Correct Answer:

export-oriented
industrialization (EOI)

·
Question 19

0 out of 1 points

Incorrect

In Hong Kong,
Taiwan and South Korea, the export of low tech goods such as textiles, toys
and footwear had which long term consequence(s)?

Answer

Selected Answer:

Caused greater
demand for factory workers

Correct Answer:

All
of the above

·
Question 20

1 out of 1 points

Correct

Which
country is the largest producer of green house gases and emissions that
contribute to global warming?

Answer

Selected Answer:

China

Correct Answer:

China

Response Feedback:

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297