Podcast
Questions and Answers
What defines a market economy?
What defines a market economy?
- An economic system where resources are allocated through individual and firm exchanges. (correct)
- A system where the government controls all production and prices.
- An economic structure where all transactions require government approval.
- A system with significant government intervention in market prices.
Which of the following is a common cause of market failures?
Which of the following is a common cause of market failures?
- Externalities affecting production and consumption. (correct)
- Complete competition among firms.
- Strong government regulation.
- High levels of information availability.
Which economic theory advocates for government intervention through fiscal and monetary policy?
Which economic theory advocates for government intervention through fiscal and monetary policy?
- Classical economics
- Supply-side economics
- Keynesianism (correct)
- Neoliberalism
What distinguishes means-tested public assistance from universal entitlements?
What distinguishes means-tested public assistance from universal entitlements?
What is defined by the term Foreign Direct Investment (FDI)?
What is defined by the term Foreign Direct Investment (FDI)?
What is one primary consequence of recognizing ethnocultural identities in political institutions?
What is one primary consequence of recognizing ethnocultural identities in political institutions?
In a parliamentary system, who typically serves as both the head of state and head of government?
In a parliamentary system, who typically serves as both the head of state and head of government?
Which of the following statements best characterizes a military coup?
Which of the following statements best characterizes a military coup?
What often happens during a vote of no confidence in parliamentary systems?
What often happens during a vote of no confidence in parliamentary systems?
What is a potential result of recognizing group rights within a nation?
What is a potential result of recognizing group rights within a nation?
Revolutions typically lead to what kind of change compared to military coups?
Revolutions typically lead to what kind of change compared to military coups?
Which factor does NOT typically contribute to the occurrence of military coups?
Which factor does NOT typically contribute to the occurrence of military coups?
What is often a key outcome of civil war in multi-ethnic communities?
What is often a key outcome of civil war in multi-ethnic communities?
Flashcards
Multicultural Integration
Multicultural Integration
Recognizing and accommodating different ethnic and cultural groups within a political system, which often includes preserving diverse cultural identities and granting varying degrees of governing autonomy to these groups, improving socioeconomic standing.
Vote of No Confidence
Vote of No Confidence
A vote in a parliament to remove a government (prime minister and cabinet) from power. It is used when no single party has a majority to form a coalition government or allow the Prime Minister to dissolve the parliament to call for new elections.
Coup d’État
Coup d’État
A forceful removal and replacement of a regime or government, often by a military group. It's less likely in democracies with strong civilian leadership of the military.
Revolution
Revolution
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Presidential System
Presidential System
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Parliamentary System
Parliamentary System
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Unitary System
Unitary System
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Federal System
Federal System
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Market Economy
Market Economy
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Command Economy
Command Economy
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Market Failures
Market Failures
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Neoliberalism
Neoliberalism
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Universal Entitlements
Universal Entitlements
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Study Notes
Chapter 4-8: Multicultural Integration
- Ethnocultural identities must be recognized and accommodated in political institutions.
- Recognizing diverse groups helps preserve cultures and improve socioeconomic status.
- Recognition of groups can grant governing autonomy without necessarily leading to independence.
- Assimilation involves adopting the majority culture (language, religion).
- Recognizing group rights might undermine national identity and shared values.
- Group identity can lead to state disintegration.
Chapter 4-8: Forms of Government
- Presidential form: Head of state and government is the president.
- Parliamentary form: Head of state and government is the prime minister.
- Vote of no confidence: Parliament can remove a government.
- If no party has a majority, a coalition government may form.
- Unitary systems: Central government holds sole power.
- Federal systems: Power is constitutionally divided among multiple levels of government.
Chapter 9: Coup d'État
- A forceful removal of a regime and establishment of a new one.
- Democracies and well-institutionalized regimes are less likely to experience coups because the military is controlled by civilians.
- Coups occur when the military loses loyalty to the existing regime.
- Reasons for coups include weak institutions, political cultures that don't value civilian transfer of power, pursuit of military self-interest, and use of military to advance personal or political agendas.
- Resulting regimes are often more personalist and less institutionalized.
Chapter 9: Revolution
- A fundamental regime and often social change from below.
- Less frequent than military coups.
- Political outcomes can vary, potentially including the establishment of democracies.
Chapter 10: Economic Systems
- Market economy: Individuals and firms freely exchange goods and services.
- Command economy: Prices, property, and production are controlled by the state.
- Market failures include externalities, imperfect information, and monopolies.
- Neoliberalism advocates minimizing government intervention and maximizing market efficiency (reduced government role in the economy).
- Keynesianism advocates for active government intervention in managing business cycles (government intervention to stabilize the economy).
Chapter 11: Foreign Direct Investment
- Foreign investment in productive activities in another country.
- International capital flows involve the movement of capital across borders.
Chapter 12: Universal Entitlements
- Benefits provided equally to all citizens (often via taxation).
- Examples include public education, although specifics vary by state.
Means-tested Public Assistance
- Social programs that provide benefits based on income level.
- Examples include child/family allowances, SNAP (food stamps), and Temporary Assistance to Needy Families (TANF).
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