POLI 330 | POLI330 WEEK 6 QUIZ
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) How do Keynesian economic policies differ from the traditional laissez-faire policies developed
by Adam Smith?
Laissez-faire policies advocate for “cutthroat” capitalism, and Keynesian policies seek to spread
wealth equally among a nation’s citizens.
Correct!
Keynesian economics advocates for increased government control of economics, and traditional
laissez-faire argues for a hands-free approach.
Smithian policies advocate for increased spending and stimuli for government-run businesses, and
Keynesian economics argues for a hands-free approach.
The more liberal Smithian economies distribute wealth more evenly among society, and Keynesian
economics tends to distribute wealth among the top 1%.
Chapter 16, pages 261–263
Question 3
, pts
(TCO 7) President Jimmy Carter attempted to stimulate the economy, but this made inflation worse. This
led him to _____.
Correct!
lose the 1980 election
slash prices of corn and soybeans
subsidize major oil companies
increase the national deficit
Chapter 16, page 265
Question 4
pts
(TCO 7) Conservatives hold that Johnson’s Great Society was a waste of money, locking recipients into
_____ and encouraging a subculture of drugs and crime.
entitlement benefits
perpetual subsidies
social safety nets
Correct!
welfare dependency
Chapter 16, pages 272–273
Question 5
pts
(TCO 7) Which U.S. President is responsible for implementing the Food Stamp program nationwide?
John F. Kennedy
Correct!
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) How do Keynesian economic policies differ from the traditional laissez-faire policies developed
by Adam Smith?
Laissez-faire policies advocate for “cutthroat” capitalism, and Keynesian policies seek to spread
wealth equally among a nation’s citizens.
Correct!
Keynesian economics advocates for increased government control of economics, and traditional
laissez-faire argues for a hands-free approach.
Smithian policies advocate for increased spending and stimuli for government-run businesses, and
Keynesian economics argues for a hands-free approach.
The more liberal Smithian economies distribute wealth more evenly among society, and Keynesian
economics tends to distribute wealth among the top 1%.
Chapter 16, pages 261–263
Question 3
, pts
(TCO 7) President Jimmy Carter attempted to stimulate the economy, but this made inflation worse. This
led him to _____.
Correct!
lose the 1980 election
slash prices of corn and soybeans
subsidize major oil companies
increase the national deficit
Chapter 16, page 265
Question 4
pts
(TCO 7) Conservatives hold that Johnson’s Great Society was a waste of money, locking recipients into
_____ and encouraging a subculture of drugs and crime.
entitlement benefits
perpetual subsidies
social safety nets
Correct!
welfare dependency
Chapter 16, pages 272–273
Question 5
pts
(TCO 7) Which U.S. President is responsible for implementing the Food Stamp program nationwide?
John F. Kennedy
Correct!
