National Differences in Political Economy

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Chapter 02 National Differences in Political Economy True / False Questions 1. A country's political economy and culture are independent of each other. True False 2. It is not possible to have democratic societies that emphasize a mix of collectivism and individualism. True False 3. The communists believed that socialism could be achieved by democratic means, and turned their backs on violent revolution and dictatorship. True False 4. In an individualist society, the welfare of society is best served by letting people pursue their own economic self-interest. True False 5. The central message of collectivism is that individual economic and political freedoms are the ground…show more content…
There is a strong relationship between economic freedom and economic growth. True False 32. The general assertion that nations that invest more in education will have higher growth rates has been proved false. True False 33. Since the 1980s, the political economy of many nations has seen a shift away from centrally planned and mixed economies toward more free market economic models. True False 34. One of the reasons for the spread of democracy is the emergence of increasingly prosperous middle and working classes who have pushed for democratic reforms. True False 35. According to political scientist Samuel Huntington's thesis, global terrorism is a product of the tension between civilizations and the clash of value systems and ideology. True False 36. Transformation from centrally planned command economies to market-based economies can be attributed to the fact that command and mixed economies failed to deliver the sustained economic performance achieved by countries adopting market-based systems. True False 37. Economic freedom necessarily equates with political freedom. True False 38. Deregulation involves removing legal restrictions to the free play of markets, the establishment of private enterprises, and the manner in which private enterprises operate. True False 39. Today, global changes in the political economy are characterized by free markets and democracy,
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