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Understanding Political Economy and Globalization: Concepts from Heywood's 5th Edition

Understanding Political Economy And Globalization: Concepts From Heywood's 5th Edition

Explore the intricate dynamics of political economy and globalization with focus on key concepts from Heywood's 5th edition. Enhance your understanding of global economic policies and their political impacts, essential for...

Questions: 10 | Attempts: 16 | Last updated: Nov 6, 2025

Sample Question 1
What is mercantilism?

A form of capitalism that promotes free market and limited government intervention.

An economic theory that advocates for maximum trade with minimal government interference.

An economic system based on communal ownership of the means of production.

An economic philosophy that takes the state to be the most significant economic actor, highlighting the extent to which economic relations are determined by political power.

Sample Question 2
What is Protectionism?

Encouraging international cooperation and collaboration.

Import restrictions such as quotas and tariffs, designed to protect domestic producers.

Promoting free trade agreements between countries.

Eliminating trade barriers to increase global competition.

Sample Question 3
What is Keynesianism?

An economic principle that emphasizes supply-side economics and tax cuts.

A theory (developed by J. M. Keynes) or policy of economic management, associated with regulating aggregate demand to achieve full employment.

An economic policy focused on minimal government intervention in the marketplace.

A theory that advocates for unlimited government spending to stimulate economic growth.

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