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10 Questions

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Political Economy Fundamentals Quiz

Created by

@HottestLepidolite

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Questions and Answers

Who are some of the earliest scholars attributed to the works of political economy?

John Locke, Jean-Jacques Rousseau, and Montesquieu

Karl Marx, Friedrich Engels, and John Maynard Keynes

Milton Friedman, John Kenneth Galbraith, and Paul Samuelson

Adam Smith, Thomas Malthus, and David Ricardo (correct)

What term gradually began to replace 'political economy' in the late 19th century?

Marketology

Economics (correct)

Socioeconomics

Macroeconomics

What does 'political' signify in the term 'political economy'?

The French word for policy

The Greek word for trade

The Latin word for government

The Greek word polity (correct)

What is considered a widely studied phenomenon within political economy?

Growth, distribution, inequality, and trade Signup and view all the answers

What does 'economy' signify in the term 'political economy'?

The Greek word οἰκονομία; household management Signup and view all the answers

Who are some of the earliest scholars attributed to the works of political economy?

François Quesnay and Anne-Robert-Jacques Turgot Signup and view all the answers

What is considered a widely studied phenomenon within political economy?

Growth and distribution Signup and view all the answers

What does 'political' signify in the term 'political economy'?

'Political' signifies the Greek word polity Signup and view all the answers

What term gradually began to replace 'political economy' in the late 19th century?

'Economics' Signup and view all the answers

What does 'economy' signify in the term 'political economy'?

'Economy' signifies the Greek word οἰκονομία; household management Signup and view all the answers

Study Notes

Early Scholars of Political Economy

Some of the earliest scholars attributed to the works of political economy include notable figures in the field.

The Term 'Economics'

The term 'economics' gradually began to replace 'political economy' in the late 19th century.

Significance of 'Political' in 'Political Economy'

The term 'political' in 'political economy' signifies the relationship between the economy and the government or state.

Widely Studied Phenomenon

A widely studied phenomenon within political economy is the interaction between economic systems and political institutions.

Significance of 'Economy' in 'Political Economy'

The term 'economy' in 'political economy' signifies the production, distribution, and consumption of goods and services within a society.

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Description

Test your knowledge of political economy, a branch of political science and economics that studies economic systems and their governance by political systems. Explore phenomena such as labour markets, financial markets, growth, distribution, inequality, and trade, and their relation to institutions, laws, and government policies.