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Instructions:
Political Science 106 Exam 1 Introduction to Political Economy
(T) (F) The study of political economy focuses on the interplay between the market and the state, and brings together both political and economic considerations in the allocation of resources and in the distribution of public goods.
(T) (F) The classical economics of Adam Smith and David Ricardo was the intellectual source of capitalism’s political economy.
(T) (F) Capitalism can remain capitalism as long as it makes its fundamental commitment to private ownership and free choice of consumers.
(T) (F) Capitalism is compatible with many different forms of government, even with authoritarian political systems.
(T) (F) Adam Smith argues that a free market economy should dominated by individual self-interest and conditioned by the “invisible hand” of market forces through the balance of demand and supply.
(T) (F) Capitalism emphasizes the freedom of the autonomous individual, the system of private property and self-regulating markets, and the pursuit of individual interest.
(T) (F) Neo-corporatism in its very nature is compatible with parliamentary democracy.
(T) (F) Marx’s historical materialism attempted to address the three fundamental questions: Which matters most in human history, man’s ideas or productive activity? Who makes history? How history is made?
(T) (F) Traditional corporatism tends to emerge in societies that emphasize group interests over individual interests.
(T) (F) Marx believed that man’s productive activity was essential in understanding of man and his history.
(T) (F) Hegel’ dialectic and idealism and Feuerbach’s materialism are intellectual sources and components of Marx political philosophy.
(T) (F) The Enlightenment was an intellectual movement that sought to establish the supremacy of reason and science.
(T) (F) Modern conservatives today are a revival of classical liberalism.
(T) (F) Corporatism argues that the government is the political community in which harmony of classes can be reconciled and achieved.
(T) (F) Marx’s dialectic materialism attempted to address the relation between the conscience of men and their social being.
(T) (F) Liberalism challenged the absolute power of the monarchy that was based upon the doctrine of the “divine right of kings.”
(T) (F) In its classical form, it is laissez-faire capitalism that demands a freewheeling market with minimal government and with economic decisions guided by the “invisible hand.”
(T) (F) According to Karl Marx, surplus value was the profit the owner made. It was the difference between the value of a product and the wage the worker received.
(T) (F) Intellectual sources of Marx’s political economy are Adam Smith and David Ricardo
(T) (F) Communism and socialism are not distinct ideologies that are derived from different intellectual origins and sources.
The dominant influence on intellectual life in feudal times was
liberalism
reason
science
technology
religion or church
none of the above
The means of production include such things as
knowledge, information, technology, leadership, and management
labor force
financial institutions
communication networks
resources, land, raw materials, tools, machines, and factories
The first political economist who proposed the theory of surplus value was
Adam Smith
David Ricardo
John Locke
Vladimir Ilich Lenin
Karl Marx
none of the above
An ideology that rejects egoistic individualism, private ownership, laissez faire is
capitalism
fascism
radical egalitarianism
social democracy
Marxism
anarchism
Who made the following statement: “the free development of each is the precondition of the free development of all”?
Jean-Jacques Rousseau
Adam Smith
Vladimir Ilich Lenin
Thomas Jefferson
Karl Marx
Herbert Marcuse
Surplus value theory attempts to provide an explanation of
social values and needs under communism
laws of demand and supply
market prices
relations between profit and taxation
profit in capitalist economic system
none of the above
The first economist who proposed the theory of comparative advantages is
Abraham Lincoln
Alexis de Tocqueville
Adam Smith
David Ricardo
John Locke
Which of the following was the foundation of Marx’s political philosophy?
Plato’s utopian ideas
Utilitarianism
Anarchism
Social Darwinism
Historical materialism and dialectical materialism
a and d
According to Marx, workers cannot receive fair wages because
all capitalists are greedy
all capitalists are not fair
all capitalists are cheating
wages reflect the exchange value of a commodity determined by the law of demand and supply
the capitalists attempt to maximize the rate of surplus value
none of the above
Corporatism can be seen as an alternative to
conservatism
socialism
fascism
anarchism
liberalism and communism
fascism and communism
Neo-corporatism has been popular in
The Middle East
Eastern Europe
Africa
United States
Western Europe
None of above
What are the new characteristics of neo-corporatism as contrasted with authoritarian corporatism of the past?
Expanded benefits for employees
Expanded benefits for employers
Increased role of the market
Job security for workers
Enhanced cooperation, negotiation, and compromise and reduced coercion
none of the above
Corporatist institutions and practices have become pervasive in these policy issue areas:
foreign policy
international relations
relations between political institutions
management of micro economic organizations
industrial policy, capital-labor, and social welfare
none of the above
The capitalist market economy evolved out of
the establishment of modern sovereign states
the creation of modern parliamentary democracy
the competition between the King and the Church
the American Revolution in 1776
the breakdown of the feudal system in Western Europe
none of the above
Political economy is
the study of distribution of wealth
the study of distribution of power
the study of the market behavior
the study of the market allocation of economic resources
the study of the interaction between the state and the market
none of the above
Who believes that competitive markets produce efficient allocation of resources
Karl Marx
Thomas Hobbes
Plato
Hegel
Adam Smith
None of above
The two pillars of Marx’s political philosophy are:
class struggle and the dictatorship of the proletariat
equality and freedom
a and b
idealism and materialism
dialectical materialism and historical materialism
none of the above
According to Marx, full communism
will be dominated by the proletariat
will be administered by laboring men
will be a society ruled by the Communist Party
will be a classless society administered by the proletariat
will be a classless society administered by a free association of men
none of the above
For Marx, the starting point of economic analysis is
the individual
social value
human history
human society
class
none of the above
For corporatism, the focus is not on the individual nor on the class structure but on
the institutions of market
the institutions of government
the role of the state
the relations between large corporations
the process of collective action, interest intermediation, and social cooperation
none of the above
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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Political Science 106 Exam 1 Introduction to Political Economy |
Political Science 106 Exam 1 Introduction to Political Economy