Political Economy - Economic Systems Quiz

Take our Political Economy - Economic Systems Quiz to assess your understanding of economic systems in political science. Explore a range of questions and find answers to enhance your proficiency.

Topics covered in this Political Economy - Economic Systems Quiz

• Introduction to Political Economy
• Types of Economic Systems
• Capitalism
• Socialism
• Communism
• Mixed Economy
• Market Economy
• Command Economy
• Comparative Economic Systems
• Globalization and Economic Systems
• Economic Policies
• Economic Inequality
• Economic Development
• Political Economy and Public Policy
• Political Economy and International Relations

Few Questions in Political Economy - Economic Systems Quiz

• What is an economic system?
• Which economic system relies on central planning and government control to determine prices and allocate resources?
• What are the theories and models used to explain and predict economic phenomena called?
• Which economic system is characterized by private ownership of the means of production and free market competition?
• What term refers to the state of being extremely poor, with a lack of basic necessities?
• Which economic system is characterized by common ownership of the means of production and the absence of social classes?
• Which economic system allows for a combination of private and public ownership of the means of production, as well as market-based and planned elements?
• What is the term for the study and comparison of different economic systems?
• How does political economy influence welfare policies?
• What is the main goal of fiscal policy?
• What is the main focus of the political economy of inequality?