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