PSCI 1024 FINAL QUESTIONS & ANSWERS
Stagflation is a period in which - Answers -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 - Answers -varieties of
capitalism (VOC) perspective
which of the following is one of the criticisms of liberal welfare states? - Answers -some
poor people do not get assistance
the type of welfare state that transfers the most wealth from the rich to the poor is -
Answers -social democratic
which of the following is a characteristic of a christian democratic welfare state? -
Answers -benefits are tied to contributions to social insurance programs
within the eurozone, who controls member states' fiscal policies? - Answers -each state
controls their own fiscal policy
the European common currency, the euro, was established by - Answers -the Treaty of
Maastricht
in response to globalization, LMEs tend to - Answers -strengthen market mechanisms
the idea of "convergence" implies that - Answers -globalization will force similar
economic and social policies across all countries
comparative institutional advantage refers to the idea that - Answers -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 - Answers -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 -
Answers -export-oriented growth
Which state led the way in adopting and modifying the developmental state model in
Asia? - Answers -South Korea
Which of the following countries provides the best example of being part of the "bottom
billion: despite strong export-oriented growth? - Answers -Nigeria
Stagflation is a period in which - Answers -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 - Answers -varieties of
capitalism (VOC) perspective
which of the following is one of the criticisms of liberal welfare states? - Answers -some
poor people do not get assistance
the type of welfare state that transfers the most wealth from the rich to the poor is -
Answers -social democratic
which of the following is a characteristic of a christian democratic welfare state? -
Answers -benefits are tied to contributions to social insurance programs
within the eurozone, who controls member states' fiscal policies? - Answers -each state
controls their own fiscal policy
the European common currency, the euro, was established by - Answers -the Treaty of
Maastricht
in response to globalization, LMEs tend to - Answers -strengthen market mechanisms
the idea of "convergence" implies that - Answers -globalization will force similar
economic and social policies across all countries
comparative institutional advantage refers to the idea that - Answers -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 - Answers -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 -
Answers -export-oriented growth
Which state led the way in adopting and modifying the developmental state model in
Asia? - Answers -South Korea
Which of the following countries provides the best example of being part of the "bottom
billion: despite strong export-oriented growth? - Answers -Nigeria
