Chapter 4 Quiz

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1. Which of the following is not a task assumed by many states?

a. Investing in human capital correct incorrect

b. Policing correct incorrect

c. Regulating mental life correct incorrect

d. Developing and maintaining infrastructure correct incorrect

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2. What do political scientists and others mean by "political economy"?

a. An economy that has been “politicized” such that nothing works. correct incorrect

b. The study of ways in which politics and the economy affect one another. correct incorrect

c. An economy that makes people more political. correct incorrect

d. Trick question: political scientists don't talk about that. correct incorrect

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3. Which of the following do (many) states not typically do as they try to manage their economies?

a. Shape the money supply correct incorrect

b. Declaring by fiat that the economy will meet specified production targets correct incorrect

c. “Stimulus” spending during recessionary periods correct incorrect

d. Taxation correct incorrect

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4. Why do modern states tax?

a. Taxation has been a central state activity since the modern state was first formed. correct incorrect

b. This is how they generate revenue. correct incorrect

c. They could not carry out their key functions without doing so. correct incorrect

d. All of the above correct incorrect

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5. Which of the following is an argument that sophisticated proponents of state intervention in the economy might make?

a. Sometimes only the state can solve problems coordinating the efficient allocation of capital. correct incorrect

b. For markets to work, we need effective political institutions so that people can manage risk and uncertainty. correct incorrect

c. If the state doesn't invest in human capital, others are unlikely to do so as effectively, and in the absence of human capital investment everyone will be economically worse off. correct incorrect

d. All of the above. correct incorrect

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6. Which of the following is an argument that sophisticated proponents of market-based approaches to growth might make?

a. The market magically solves all problems. correct incorrect

b. The market is important because of “survival of the fittest.” correct incorrect

c. Markets are the most efficient mechanisms available for sharing information in complex systems. correct incorrect

d. There are no sophisticated proponents of market-based approaches to growth. correct incorrect

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7. Which of the following is not one of the main reasons states invest in human capital?

a. States that do not invest will be less economically competitive. correct incorrect

b. Citizens often demand investment. correct incorrect

c. States have public welfare goals. correct incorrect

d. States don't have any regular capital, which would be preferable. correct incorrect

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8. Who is a well-known proponent of market-based approaches to the economy?

a. Milton Friedman correct incorrect

b. Milton Bradley correct incorrect

c. John Maynard Keynes correct incorrect

d. Gosta Esping-Anderson correct incorrect

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9. Who is a well-known proponent of the view that states have an important role to play in achieving societal economic success?

a. Milton Bradley correct incorrect

b. Nigel Tufnel correct incorrect

c. Ayn Rand correct incorrect

d. Peter Evans correct incorrect

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10. He argued that an economy cannot be disembedded from its cultural and social context.

a. Milton Bradley correct incorrect

b. John Maynard Keynes correct incorrect

c. Karl Polanyi correct incorrect

d. Ron Paul correct incorrect

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11. Who is well known as a proponent of the view that to explain the emergence of welfare states we need to focus on the political coalitions that supported their creation?

a. T.H. Marshall correct incorrect

b. Maren Lundgren correct incorrect

c. Alexis de Tocqueville correct incorrect

d. Gosta Esping-Andersen correct incorrect

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12. What was the point of the "sandwich shop" example in the chapter?

a. Chain sandwich shops are better because large corporations are best in a market economy. correct incorrect

b. Supporters of state-based approaches to the economy argue that the state should own all sandwich shops. correct incorrect

c. Supporters of market-based approaches to the economy would argue that the price mechanism leads to efficient exchange between producers and customers. correct incorrect

d. Supporters of market-based approaches to the economy would argue that sandwich shops cannot possibly survive in open competition. correct incorrect

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13. Which of the following is true of the German welfare state?

a. Germany had a welfare state before it had a state. correct incorrect

b. Germany had a unified state for centuries but has only recently developed a welfare state. correct incorrect

c. Germany had a welfare state, but socialist ideologues convinced the public to privatize it. correct incorrect

d. Germany's early welfare state development began soon after political unification. correct incorrect

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14. Which of the following authors agreed with Marx that capitalism would eventually undermine itself, but for different reasons than Marx gave?

a. Joseph Schumpeter correct incorrect

b. Ron Paul correct incorrect

c. Paul Samuelson correct incorrect

d. Milton Friedman correct incorrect

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15. What was the main message of the Thinking Comparatively feature on Nordic welfare states?

a. Nordic polities cannot possibly sustain their welfare states in our era of globalization. correct incorrect

b. Good research builds on past research and contributes by building new theory and/or extending existing theory to new cases. correct incorrect

c. Sweden and Norway are highly distinct, and the development of one has nothing to do with the other. correct incorrect

d. Good research always starts from scratch. correct incorrect

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16. Which country is considered to have first experienced the Industrial Revolution?

a. The United States correct incorrect

b. The United Kingdom correct incorrect

c. India correct incorrect

d. France correct incorrect