DeVry POLI 330 Week 6 Quiz (Summer 2018)
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1. (TCO 7) Radicals use the term “political economy” instead of “_____,” which is a hard sell these days.
2. (TCO 7) How do Keynesian economic policies differ from the traditional laissez-faire policies developed by Adam Smith?
3. (TCO 7) During the 1970s, critics developed this new term to describe inflation with stagnant economic growth.
4. (TCO 7) Conservatives hold that Johnson’s Great Society was a waste of money, locking recipients into _____ and encouraging a subculture of drugs and crime.
5. (TCO 7) The _____ administration simplified the Food Stamp program by eliminating the provision that recipients buy the stamps at a discount with their own money.
6. (TCO 7) Medical costs consume nearly _____% of the U.S. gross domestic product, most of it paid through government and private health insurance.
7. (TCO 7) According to political scientist Ira Sharkansky, “All modern states are welfare states, and all welfare states are _____.”
8. (TCO 7) How does the American welfare state compare to those of other industrialized nations?
9. (TCO 7) What was the poverty line in 2012?
10. (TCO 7) Many conservative economists argue that some banks are _____, because they would topple the rest of the economy with them.
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