POLI330 quiz week 6
Question 1
pts
(TCO 7) Radicals use the term “political economy” instead of “_____,” which is a hard sell
these days.
Late capitalism
Correct!
Marxism
Pure market system
Utilitarianism
Chapter 16, page 261
Question 2
pts
(TCO 7) Describe British economist John Maynard Keynes’ proposal to cure economic
depressions.
Keynes suggested infusing the economy with government funds to promote spending.
Keynes advocated for “trickle-down” economic policies.
Keynes argued for stronger stimulus packages to corporations and small businesses.
Correct!
Keynes proposed to cure depressions by dampening the swings of the business cycle.
Chapter 16, page 262
Question 3
pts
(TCO 7) The 1973 Mideast war allowed members of the Organization of Petroleum
Exporting Countries (OPEC) to _____.
sell to nations in Eastern Europe
export to Japan and China
Correct!
quadruple oil prices
Question 1
pts
(TCO 7) Radicals use the term “political economy” instead of “_____,” which is a hard sell
these days.
Late capitalism
Correct!
Marxism
Pure market system
Utilitarianism
Chapter 16, page 261
Question 2
pts
(TCO 7) Describe British economist John Maynard Keynes’ proposal to cure economic
depressions.
Keynes suggested infusing the economy with government funds to promote spending.
Keynes advocated for “trickle-down” economic policies.
Keynes argued for stronger stimulus packages to corporations and small businesses.
Correct!
Keynes proposed to cure depressions by dampening the swings of the business cycle.
Chapter 16, page 262
Question 3
pts
(TCO 7) The 1973 Mideast war allowed members of the Organization of Petroleum
Exporting Countries (OPEC) to _____.
sell to nations in Eastern Europe
export to Japan and China
Correct!
quadruple oil prices
