POLS 3200 Revel Chapter 11 Question and answers 100% correct
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Course
POLS 3200
Institution
POLS 3200
POLS 3200 Revel Chapter 11 Question and answers 100% correct
The mechanism of choice used to structure the production and consumption of goods in society is known as __________. - correct answer the economic market
Why do states meddle with markets on occasion? - correct answer to preven...
POLS 3200 Revel Chapter 11 Question
and answers 100% correct
The mechanism of choice used to structure the production and consumption
of goods in society is known as __________. - correct answer ✔the
economic market
Why do states meddle with markets on occasion? - correct answer ✔to
prevent market failures
How are increasing returns to scale connected to market failures that states
seek to prevent? - correct answer ✔They can often lead to a monopoly,
which leads to price distortions that limit access to goods or services to
members of society
An economic system in which the central government controls and
coordinates nearly all economic activity is known as a __________ economy.
- correct answer ✔command
Which of the following statements supports the hypothesis that democracy
impedes economic development? - correct answer ✔Leaders must respond
to interest pressures within society, sometimes leading to inefficient economic
choices.
Which of the following best illustrates a consequence of the debate about the
merits of democracy and non-democracy with respect to economic
development? - correct answer ✔the IMF and World Bank lending heavily to
Singapore and South Korea in the 1970s in spite of existing claims of human
rights violations
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