POLI 330N Week 6 Quiz 1 with Answers (LATEST)

1. (TCO 7) Radicals use the term “political economy” instead of “_____,” which is a hard sell these days. 2. (TCO 7) How do Keynesian economic policies differ from the traditional laissez-faire policies developed by Adam Smith? 3. (TCO 7) The 1973 Mideast war allowed members of the Organization of Petroleum Exporting Countries (OPEC) to _____. 4. (TCO 7) What event is largely considered responsible for deterring Johnson’s War on Poverty? 5. (TCO 7) Analyze recent changes to the Food Stamp program. 6. (TCO 7) Which of the following is an increasing financial concern of the Medicare program? 7. (TCO 7) Many Americans think the federal budget goes primarily toward welfare, which is _____. 8. (TCO 7) How might Americans’ reluctance toward entitlement programs benefit them in the long run? 9. (TCO 7) Most liberals feel that the poverty line is _____. 10. (TCO 7) Investigate what historically happens to conservatives when firms are supposedly “too big to fail.”