PSCI 1024 FINAL QUESTIONS & ANSWERS
Stagflation is a period in which ______.
(A) there is high unemployment and high inflation in the market
(B) there is high unemployment in the market
(C) there is a high inflation rate in the market
(D) there is high debt - Answers -(A) there is high unemployment and high inflation in
the market
The argument that a dual convergence will take place, and CMEs and LMEs will
continue to have significant differences, is a component of the ______.
(A) liberal market economies argument
(B) competitive advantage strategy
(C) varieties of capitalism (VOC) perspective
(D) globalization assimilation policy - Answers -(C) varieties of capitalism (VOC)
perspective
Which of the following is one of the criticisms of liberal welfare states?
(A) only those who contribute to the system can get assistance
(B) people who do not need assistance often still get it
(C) benefits are tied to contributions
(D) some poor people do not get assistance - Answers -(D) some poor people do not
get assistance
The type of welfare state that transfers the most wealth from the rich to the poor is
______.
(A) liberal
(B) both Christian democratic and social democratic
(C) Christian democratic
(D) social democratic - Answers -(D) social democratic
Which of the following is a characteristic of a Christian democratic welfare state?
(A) Benefits are tied to contributions to social insurance programs.
(B) Only means-tested programs are instituted.
(C) Social security programs supplement universal entitlement programs.
(D) It preserves citizen autonomy through market participation. - Answers -(A) Benefits
are tied to contributions to social insurance programs.
Within the eurozone, who controls member states' fiscal policies?
(A) Each state controls their own fiscal policy.
(B) Germany
(C) All states agree on a common policy.
(D) Switzerland - Answers -(A) Each state controls their own fiscal policy.
The European common currency, the euro, was established by ______.
, (A) the Treaty of Maastricht
(B) the Treaty of Paris
(C) the Helsinki Accords
(D) the Treaty of Rome - Answers -(A) the Treaty of Maastricht
In response to globalization, LMEs tend to ______.
(A) increase worker training
(B) strengthen market mechanisms
(C) proceed very cautiously
(D) increase the role of unions - Answers -(B) strengthen market mechanisms
The idea of "convergence" implies that ______.
(A) globalization will force similar economic and social policies across all countries
(B) none of these
(C) globalization will force countries to converge their economic systems, creating a
unified global currency
(D) globalization will make nation-states powerless and obsolete - Answers -(A)
globalization will force similar economic and social policies across all countries
Comparative institutional advantage refers to the idea that ______.
(A) various institutionalized relationships in each kind of economy are complementary
(B) there is no type of regime better suited to achieve development
(C) institutions in coordinated market economies are better suited to development
(D) institutions in liberal market economies are better suited to globalization - Answers -
(A) various institutionalized relationships in each kind of economy are complementary
The idea that a developing state should protect its new industries by placing restrictions
on international trade is referred to as ______.
(A) structural adjustment programs
(B) import-substitution industrialization
(C) foreign-indirect investment
(D) the development state - Answers -(B) import-substitution industrialization
The development policy based on encouraging economic growth via exports of goods
and services, usually starting with light manufacturing such as textiles, is known as
______.
(A) import-substitution industrializations
(B) globalization
(C) export-oriented growth
(D) structural adjustment programs - Answers -(C) export-oriented growth
Which state led the way in adopting and modifying the developmental state model in
Asia?
(A) Taiwan
(B) South Korea
(C) Japan
Stagflation is a period in which ______.
(A) there is high unemployment and high inflation in the market
(B) there is high unemployment in the market
(C) there is a high inflation rate in the market
(D) there is high debt - Answers -(A) there is high unemployment and high inflation in
the market
The argument that a dual convergence will take place, and CMEs and LMEs will
continue to have significant differences, is a component of the ______.
(A) liberal market economies argument
(B) competitive advantage strategy
(C) varieties of capitalism (VOC) perspective
(D) globalization assimilation policy - Answers -(C) varieties of capitalism (VOC)
perspective
Which of the following is one of the criticisms of liberal welfare states?
(A) only those who contribute to the system can get assistance
(B) people who do not need assistance often still get it
(C) benefits are tied to contributions
(D) some poor people do not get assistance - Answers -(D) some poor people do not
get assistance
The type of welfare state that transfers the most wealth from the rich to the poor is
______.
(A) liberal
(B) both Christian democratic and social democratic
(C) Christian democratic
(D) social democratic - Answers -(D) social democratic
Which of the following is a characteristic of a Christian democratic welfare state?
(A) Benefits are tied to contributions to social insurance programs.
(B) Only means-tested programs are instituted.
(C) Social security programs supplement universal entitlement programs.
(D) It preserves citizen autonomy through market participation. - Answers -(A) Benefits
are tied to contributions to social insurance programs.
Within the eurozone, who controls member states' fiscal policies?
(A) Each state controls their own fiscal policy.
(B) Germany
(C) All states agree on a common policy.
(D) Switzerland - Answers -(A) Each state controls their own fiscal policy.
The European common currency, the euro, was established by ______.
, (A) the Treaty of Maastricht
(B) the Treaty of Paris
(C) the Helsinki Accords
(D) the Treaty of Rome - Answers -(A) the Treaty of Maastricht
In response to globalization, LMEs tend to ______.
(A) increase worker training
(B) strengthen market mechanisms
(C) proceed very cautiously
(D) increase the role of unions - Answers -(B) strengthen market mechanisms
The idea of "convergence" implies that ______.
(A) globalization will force similar economic and social policies across all countries
(B) none of these
(C) globalization will force countries to converge their economic systems, creating a
unified global currency
(D) globalization will make nation-states powerless and obsolete - Answers -(A)
globalization will force similar economic and social policies across all countries
Comparative institutional advantage refers to the idea that ______.
(A) various institutionalized relationships in each kind of economy are complementary
(B) there is no type of regime better suited to achieve development
(C) institutions in coordinated market economies are better suited to development
(D) institutions in liberal market economies are better suited to globalization - Answers -
(A) various institutionalized relationships in each kind of economy are complementary
The idea that a developing state should protect its new industries by placing restrictions
on international trade is referred to as ______.
(A) structural adjustment programs
(B) import-substitution industrialization
(C) foreign-indirect investment
(D) the development state - Answers -(B) import-substitution industrialization
The development policy based on encouraging economic growth via exports of goods
and services, usually starting with light manufacturing such as textiles, is known as
______.
(A) import-substitution industrializations
(B) globalization
(C) export-oriented growth
(D) structural adjustment programs - Answers -(C) export-oriented growth
Which state led the way in adopting and modifying the developmental state model in
Asia?
(A) Taiwan
(B) South Korea
(C) Japan
