Political Economy - Economic Systems MCQ Test: Political Economy - Economic Systems MCQs - Practice Questions
1. What term refers to a severe downturn in the economy, characterized by a decline in economic activity and high unemployment?
2. Which economic system aims to achieve social equality through the redistribution of wealth and collective ownership of the means of production?
3. Which economic system is characterized by income and wealth redistribution to reduce inequality?
4. How does political economy influence education?
5. What is the main focus of the political economy of corruption?
6. Which economic system combines elements of both market and command economies?
7. What is the use of government spending and taxation to influence the economy called?
8. Which economic system involves the government taking an active role in the economy through policies and regulations?
9. Which political economy theory argues that economic factors are the primary drivers of political and social change?
10. How does political economy influence government policies and decision-making?
11. How does political economy influence healthcare?
12. Which economic system is a combination of both market-based and planned economies?
13. Which economic system is characterized by collective ownership of the means of production and central planning?
14. What are severe disruptions in the economy characterized by a sharp decline in economic activity called?
15. Which economic system is characterized by central planning and government control of the means of production?
16. Which economic system relies on central planning and government control to determine prices and allocate resources?
17. Which economic system is characterized by collective ownership of the means of production and the goal of achieving social equality?
18. How does political economy influence public policy?
19. What term refers to the use of government spending and taxation to influence the economy?
20. How does political economy influence welfare policies?