Posted: May 13th, 2018

Martin Staniland suggests “how politics determines

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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:
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political
economy

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political
economy

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276

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.png”>Question 2
1 out of 1 points

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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.
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merchantilism

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merchantilism

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277

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.png”>Question 3
1 out of 1 points

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

Correct Answer:

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limited
involvement

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277

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.png”>Question 4
1 out of 1 points

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Twentieth century
economist Sir John Maynard Keynes, responding to the Great Depression,
advocated:
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Both
1 and 2

Correct Answer:

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Both
1 and 2

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277

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.png”>Question 5
1 out of 1 points

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

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laissez
faire

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laissez
faire

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277

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.png”>Question 6
1 out of 1 points

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Since
the 1980s, neoliberal economic policies (free trade, free markets,
unrestrained capitalism) reduced government economic intervention in:
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Both 1 and 2

Correct Answer:

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Both 1 and 2

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277

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.png”>Question 7
1 out of 1 points

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In
a command economy:
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All
of the above

Correct Answer:

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All
of the above

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278

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.png”>Question 8
1 out of 1 points

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

Correct Answer:

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Capitalist

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279

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.png”>Question 9
0 out of 1 points

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Major
weaknesses of command economies include all except:
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State
planners may have too much power and can be corrupt.

Correct Answer:

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Income
inequality can be reduced.

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.png”>Question 10
1 out of 1 points

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

Correct Answer:

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perquisites

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280

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.png”>Question 11
1 out of 1 points

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

Correct Answer:

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market
socialism

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280

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.png”>Question 12
1 out of 1 points

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

Selected Answer:

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All
of the above

Correct Answer:

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All
of the above

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285

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.png”>Question 13
0 out of 1 points

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

Correct Answer:

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income
inequality

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.png”>Question 14
1 out of 1 points

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

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Japan

Correct Answer:

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Japan

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285

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.png”>Question 15
0 out of 1 points

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

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South
Korea and Taiwan

Correct Answer:

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Indonesia
and Chile

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.png”>Question 16
1 out of 1 points

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

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neoclassical
or neoliberal

Correct Answer:

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neoclassical
or neoliberal

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286

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.png”>Question 17
1 out of 1 points

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

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All
of the above

Correct Answer:

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All
of the above

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287

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.png”>Question 18
0 out of 1 points

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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:

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import
oriented industrialization (ISI)

Correct Answer:

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export-oriented
industrialization (EOI)

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.png”>Question 19
0 out of 1 points

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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)?
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Selected Answer:

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Caused greater
demand for factory workers

Correct Answer:

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All
of the above

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.png”>Question 20
1 out of 1 points

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

Selected Answer:

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China

Correct Answer:

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China

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297

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