Power-Centered Political Economy Quiz
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Questions and Answers

What are the obstacles to constructing political economy on a foundation of power?

The obstacles to constructing political economy on a foundation of power should not be underestimated.

How are markets related to the idea of choice among freely contracting individuals?

Markets are closely related to the idea of choice among freely contracting individuals.

In what ways does the view of economics tied to markets deprive it of power?

The view of economics tied to markets deprives it of power in two ways.

What characteristics define markets according to the text?

<p>Markets are impersonal, dispersed structures of buyers and sellers operating independently of one another in pursuit of private goals.</p> Signup and view all the answers

What is the number of actors in the market and how does it affect the influence networks?

<p>The number of actors is large, and opportunity costs are never so high as to create strong influence networks.</p> Signup and view all the answers

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