ISS 315 Exam Final (Summer 2022) Questions With
Answers (Graded A)
Influence of politics on economics and vice versa is a definition of:
A. Economics
B. Politics
C. Political economy
D. None of the above Correct Ans ~ C. Political economy
Which school of thought promoted the idea that one of the goals of the
economy should be to maximize the wealth and power of the state?
A. Classic Mercantilism
B. Classic Liberalism
C. Marxism
D. All of the above Correct Ans ~ A. Classic Mercantilism
Which one of the following was promoted under mercantilism?
A. Colonialism
B. Promote exports
C. Prohibit or restrict imports
D. All of the above Correct Ans ~ D. All of the above
Which school of thought was in favor of limited government, rule of law,
constitutionalism, and free market?
A. Classic Mercantilism
B. Classic Liberalism
C. Marxism
D. All of the above Correct Ans ~ B. Classic Liberalism
What was the Iron Law of Wages?
A. First law that created minimum wage for workers
B. The law that forced employers to pay wages and other benefits to the
workers
C. The laws that regulated the wages of workers in steel industry
D. The law to pay as little as possible to workers Correct Ans ~ D. The
law to pay as little as possible to workers
What was David Ricardo's point of view on landlords?
,A. He was in favor of protection of landlords because they grow food for the
nation
B. He was in favor of landlords because they produce food for export
C. He was not in favor of protection of landlords because they resist
industrialization
D. None of the above Correct Ans ~ C. He was not in favor of protection
of landlords because they resist industrialization
Which one of the following freedoms was relatively very important to Classic
Liberalism?
A. Freedom of religion
B. Freedom of expression
C. Freedom of movement
D. Freedom of markets to compete Correct Ans ~ D. Freedom of markets
to compete
We presented a number of evolutionary stages of society. In which one of
the following stages, inequality began?
A. Hunting and gathering societies
B. Agrarian societies
C. Ancient societies
D. Feudal societies Correct Ans ~ B. Agrarian societies
Which term was used by Karl Marx for factory owners in Modern Capitalism?
A. Rural Proletariat
B. Urban Proletariat
C. Bourgeoisie
D. None of the above Correct Ans ~ C. Bourgeoisie
Prior to arrival of European immigrants, land in America was owned by
Native Indians tribes not individuals. What type of capitalism was it?
A. Cooperative capitalism
B. Manufacturing capitalism
C. Modern capitalism
D. None of the above Correct Ans ~ A. Cooperative capitalism
According to our discussion on Karl Marx, which one of the following is one of
the means of production?
A. Labor
B. The raw material
C. Money, machines, and infrastructure
,D. All of the above Correct Ans ~ C. Money, machines, and infrastructure
Capitalists societies are unequal and hierarchical. Which one of the following
concepts best describes this situation?
A. Alienation from work
B. Alienation from other workers
C. Alienation from the product
D. None of the above Correct Ans ~ B. Alienation from other workers
What is Karl Marx's point of view on Middle Class?
A. He believes that Middle Class is an independent class
B. He believes that Middle Class is an independent class and plays a very
significant role in society
C. He believes that middle class is not an independent class and that it works
for the welfare of the Bourgeoisie
D. None of the above Correct Ans ~ C. He believes that middle class is
not an independent class and that it works for the welfare of the Bourgeoisie
What is Marxist's point of view on religion?
A. Religion is really important for all societies
B. Religion gives individuals purpose of life
C. Religion is used as opium by the Bourgeoisie to exploit people
D. All religions are good Correct Ans ~ C. Religion is used as opium by
the Bourgeoisie to exploit people
Which one of the following was labeled as half-baked cookie in our
discussion?
A. Capitalism in the USA
B. Capitalism in Europe
C. Socialism in the USA
D. Socialism in Russia, China, and Cuba Correct Ans ~ D. Socialism in
Russia, China, and Cuba
Which one of the statements on mode of production was given by Karl Marx?
A. Change in mode of production leads to a change in the structure of a
society
B. Change in the structure of a society leads to a change in mode of
production
C. Both A and B
D. None of the above Correct Ans ~ C. Both A and B
, According to our discussion on mode of production, which one of the
following changes as a result of change in mode of production?
A. Ecology
B. Social Structure of society
C. Religion
D. All of the above Correct Ans ~ D. All of the above
Which one of the following statements best describes the main thesis
promoted by Modernization Theory?
A. Poverty of nations is a product of internal factors
B. Poverty of nations is a product of external factors
C. Poverty of nations is a product of both internal and external factors
D. All of the above Correct Ans ~ A. Poverty of nations is a product of
internal factors
Japan is a modern society. According to Levy's Model of Modernization, which
one of the following would be one of the characteristics of Japanese society?
A. Fewer specializations
B. Low interdependence
C. Low use of money and market
D. Complex bureaucracy Correct Ans ~ D. Complex bureaucracy
Which one of the following societies is relatively a differentiated society?
A. Hunting and gathering society
B. Traditional society
C. Rural and agricultural society
D. Industrial and urban society Correct Ans ~ D. Industrial and urban
society
At this time Afghanistan is facing a number of problems. If you believe in
Modernization Theory, how would you try to change Afghanistan?
A. Compromise with the rebellion group of Taliban
B. Try to change the value, traditions, and culture of Afghanistan
C. Give power to the tribal leaders
D. All of the above Correct Ans ~ B. Try to change the value, traditions,
and culture of Afghanistan
Social scientists have criticized modernization theory for a number of
reasons. Why did they believe that Modernization theory is based on
ethnocentrism?
Answers (Graded A)
Influence of politics on economics and vice versa is a definition of:
A. Economics
B. Politics
C. Political economy
D. None of the above Correct Ans ~ C. Political economy
Which school of thought promoted the idea that one of the goals of the
economy should be to maximize the wealth and power of the state?
A. Classic Mercantilism
B. Classic Liberalism
C. Marxism
D. All of the above Correct Ans ~ A. Classic Mercantilism
Which one of the following was promoted under mercantilism?
A. Colonialism
B. Promote exports
C. Prohibit or restrict imports
D. All of the above Correct Ans ~ D. All of the above
Which school of thought was in favor of limited government, rule of law,
constitutionalism, and free market?
A. Classic Mercantilism
B. Classic Liberalism
C. Marxism
D. All of the above Correct Ans ~ B. Classic Liberalism
What was the Iron Law of Wages?
A. First law that created minimum wage for workers
B. The law that forced employers to pay wages and other benefits to the
workers
C. The laws that regulated the wages of workers in steel industry
D. The law to pay as little as possible to workers Correct Ans ~ D. The
law to pay as little as possible to workers
What was David Ricardo's point of view on landlords?
,A. He was in favor of protection of landlords because they grow food for the
nation
B. He was in favor of landlords because they produce food for export
C. He was not in favor of protection of landlords because they resist
industrialization
D. None of the above Correct Ans ~ C. He was not in favor of protection
of landlords because they resist industrialization
Which one of the following freedoms was relatively very important to Classic
Liberalism?
A. Freedom of religion
B. Freedom of expression
C. Freedom of movement
D. Freedom of markets to compete Correct Ans ~ D. Freedom of markets
to compete
We presented a number of evolutionary stages of society. In which one of
the following stages, inequality began?
A. Hunting and gathering societies
B. Agrarian societies
C. Ancient societies
D. Feudal societies Correct Ans ~ B. Agrarian societies
Which term was used by Karl Marx for factory owners in Modern Capitalism?
A. Rural Proletariat
B. Urban Proletariat
C. Bourgeoisie
D. None of the above Correct Ans ~ C. Bourgeoisie
Prior to arrival of European immigrants, land in America was owned by
Native Indians tribes not individuals. What type of capitalism was it?
A. Cooperative capitalism
B. Manufacturing capitalism
C. Modern capitalism
D. None of the above Correct Ans ~ A. Cooperative capitalism
According to our discussion on Karl Marx, which one of the following is one of
the means of production?
A. Labor
B. The raw material
C. Money, machines, and infrastructure
,D. All of the above Correct Ans ~ C. Money, machines, and infrastructure
Capitalists societies are unequal and hierarchical. Which one of the following
concepts best describes this situation?
A. Alienation from work
B. Alienation from other workers
C. Alienation from the product
D. None of the above Correct Ans ~ B. Alienation from other workers
What is Karl Marx's point of view on Middle Class?
A. He believes that Middle Class is an independent class
B. He believes that Middle Class is an independent class and plays a very
significant role in society
C. He believes that middle class is not an independent class and that it works
for the welfare of the Bourgeoisie
D. None of the above Correct Ans ~ C. He believes that middle class is
not an independent class and that it works for the welfare of the Bourgeoisie
What is Marxist's point of view on religion?
A. Religion is really important for all societies
B. Religion gives individuals purpose of life
C. Religion is used as opium by the Bourgeoisie to exploit people
D. All religions are good Correct Ans ~ C. Religion is used as opium by
the Bourgeoisie to exploit people
Which one of the following was labeled as half-baked cookie in our
discussion?
A. Capitalism in the USA
B. Capitalism in Europe
C. Socialism in the USA
D. Socialism in Russia, China, and Cuba Correct Ans ~ D. Socialism in
Russia, China, and Cuba
Which one of the statements on mode of production was given by Karl Marx?
A. Change in mode of production leads to a change in the structure of a
society
B. Change in the structure of a society leads to a change in mode of
production
C. Both A and B
D. None of the above Correct Ans ~ C. Both A and B
, According to our discussion on mode of production, which one of the
following changes as a result of change in mode of production?
A. Ecology
B. Social Structure of society
C. Religion
D. All of the above Correct Ans ~ D. All of the above
Which one of the following statements best describes the main thesis
promoted by Modernization Theory?
A. Poverty of nations is a product of internal factors
B. Poverty of nations is a product of external factors
C. Poverty of nations is a product of both internal and external factors
D. All of the above Correct Ans ~ A. Poverty of nations is a product of
internal factors
Japan is a modern society. According to Levy's Model of Modernization, which
one of the following would be one of the characteristics of Japanese society?
A. Fewer specializations
B. Low interdependence
C. Low use of money and market
D. Complex bureaucracy Correct Ans ~ D. Complex bureaucracy
Which one of the following societies is relatively a differentiated society?
A. Hunting and gathering society
B. Traditional society
C. Rural and agricultural society
D. Industrial and urban society Correct Ans ~ D. Industrial and urban
society
At this time Afghanistan is facing a number of problems. If you believe in
Modernization Theory, how would you try to change Afghanistan?
A. Compromise with the rebellion group of Taliban
B. Try to change the value, traditions, and culture of Afghanistan
C. Give power to the tribal leaders
D. All of the above Correct Ans ~ B. Try to change the value, traditions,
and culture of Afghanistan
Social scientists have criticized modernization theory for a number of
reasons. Why did they believe that Modernization theory is based on
ethnocentrism?
