Exam 3
Which one of the following best defines political economy? Correct Ans ~
Influences of politics on economics and vice versa
Which one of the following was emphasized by classical mercantilism?
Correct Ans ~ Economy should serve the political state by maximizing its
wealth and power
Which one of the following was promoted under mercantilism? Correct Ans
~ Build strong army to conquer other nations, grant legal monopolies to
create to certain businesses, prohibit or restrict imports, promote exports,
and colonialism (D: all of the above)
Which one of the following economic system was promoted by classic
mercantilism and liberalism? Correct Ans ~ Capitalism
Which system tends to believe in trickle down economy? Correct Ans ~
Capitalism
What was David Ricardo's point of view on foreign trade? Correct Ans ~
Foreign trade lowers the wages of local people
Which school of thought was in favor of colonialism for economic
development? Correct Ans ~ Classic mercantilism
David Ricardo recommended a number of strategies to promote his ideas on
classic liberalism, which one of the following is NOT one of them? Correct
Ans ~ Protect local agriculture and landlord
What was the main objective of iron law of wages? Correct Ans ~ Pay
workers as minimum as possible
Which one of the following is NOT one of the freedoms promoted by Adam
Smith? Correct Ans ~ Freedom of movement
What brings real change in a society? Correct Ans ~ Conflict
Which one of the following statements best reflects Marx's point of view on
change in mode on production? Correct Ans ~ Religion, family type,
ecology, social structure of society (D: all of the above)
,In which European city did Karl Marx spend the last days of his life? Correct
Ans ~ London, England
Which one of the following is an example of forces of production? Correct
Ans ~ Labor, raw materials, machinery and technology (D: all of the above)
Which one of the following is an example of means of production? Correct
Ans ~ Machinery and technical knowledge
According to Karl Marx, which one of the following societies is based on
"natural socialism?" Correct Ans ~ Pre-class society (hunting and
gathering)
Who owns the means of production in cooperative societies? Correct Ans ~
Communities and tribes
In societies where carpenters, shoe makers, blacksmiths, and rail workers
use to produce things and make money were in what stage? Correct Ans ~
Manufacture and capitalism
In a capitalist society workers can be hired and fired. Which one of the
following best describes this situation? Correct Ans ~ Alienation from work
In a capitalist society the workers do not own what they produce. Which of
the following best describes this situation? Correct Ans ~ Alienation from
the product
In a capitalist society workers are far apart from one another in the
classification specified. Which of the following best describes this situation?
Correct Ans ~ Alienation from other workers
According to Marx, which country is a good example of real socialism. China,
Russia, or Cuba? Correct Ans ~ None of the above
According to Marx's point of view what is the main reason leading to the
growth of capitalism? Correct Ans ~ Exploitation of workers
Which societies are undifferentiated? Correct Ans ~ Traditional
Which one of the following is relatively a differentiated society? Correct Ans
~ Industrial and urban society
Which one of the following statements best describes the main thesis
promoted by modernization theory? Correct Ans ~ Poverty of nations is a
product of internal factors
, Native Indians, according to mulls modern of modernization, which one of
the following is one of the necessity conditions of industrialization? Correct
Ans ~ all of the above
Social scientists have criticized modernization type theory for a number of
reasons. Which one of the following is one of the criticisms discussed in
class? Correct Ans ~ all of the above
According to Moore's model of Modernization, which one of the following is a
demographic consequence of industrialization? Correct Ans ~ Increase in
migration, decrease in mortality, and decrease in fertility
According to modernization theory, there are a number of demographic
consequences. Which one of the following is one? Correct Ans ~ Mortality
goes down
At this time, Palestine is facing a number of problems. If you believe in
modernization theory how will you try to change Palestine? Correct Ans ~
Change values, traditions, and culture
Which one of the following was one of the characteristics of early
immigration in the US who lived on rural farms? Correct Ans ~ Simple
division of labor
Which one of the following countries uses the same model of development
that was promoted by modernization theory? Correct Ans ~ Japan,
Germany, US (D: all of the above)
According to Moore, Native Indians lived in a MODERN society. According to
Levi's Model of Modernization which one of the following would be one of the
characteristics of this society? Correct Ans ~ Universalism, highly
specialized and complex bureaucracy
Frank said that foundations of dependency were laid down during the 19th
century Europe. What is happening at this time in Europe? Correct Ans ~
Colonialism
Which one of the following nations is capitalistic? Correct Ans ~ Germany
In your class you watched a video by Wallerstein. Which one of the following
statements was given by him on capitalism? Correct Ans ~ Capitalism is
not going to survive on its current path
Which one of the following reasons of underdevelopment of poor nations,
such as Somalia, Bangladesh, and Istanbul was given by Chase Dunn?
Correct Ans ~ They blamed other nations for poverty. India and Bangladesh