(TCO 7) Radicals use the term “political economy” instead of _____ to
describe their critique of capitalism and the inequitable distribution of
wealth among nations.
Correct!
Marxism
laissez-faire
public choice
Keynesian
Question 2
pts
(TCO 7) Early 20th-century European governments subscribed to _____
doctrines, generally keeping their hands away from the economy.
Correct!
classic liberal
inflationary
, neoclassical
Smithian
Question 3
pts
(TCO 7) The 1973 Mideast war allowed members of the Organization of
Petroleum Exporting Countries (OPEC) to _____.
sell to nations in Eastern Europe
export to Japan and China
Correct!
quadruple oil prices
keep oil prices down
Question 4
pts
(TCO 7) Between 1965 and 1973, the percentage of Americans living
below the poverty line _____.
doubled
Correct!
greatly decreased
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