Kirshner subscribes to what he calls the "KKM perspective," named after Keynes, Kindleberger, and Minsky. This perspective holds that __________
a. the financial sector should be the primary economic sector
b. social welfare spending leads to economic growth
c. deregulation moderates and ultimately eliminates financial crises
d. unregulated financial systems are prone to crises
d
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By the 1980s, donor countries and organizations had reached an understanding on development strategy that was based on the values of open economies and free trade. This was known as the
a. Bretton Woods Agreement. b. North American Free Trade Agreement. c. International Monetary Fund Treaty. d. Washington consensus.
A high level of social capital is beneficial to a democratic society because __________
a. society tends to be more stable when government investments benefit a broad range of people b. political participation is higher when individuals feel connected to each other's lives and decisions c. public officials are more responsive to public opinion when the population is well informed about government activities d. political discourse is less conflict-ridden when people have multiple avenues for expressing their opinions
The rapid increase in the number and variety of interest groups and their enlarged role in government are
A. an unintended consequence of federalism. B. a rational response to the fact that elected officials can tend to only a few things. C. the inevitable result of a two-party system. D. the primary cause of increased voter turnout. E. the primary cause of divided government.
Which statement about income inequality in China is INCORRECT? a. Income inequality today is greater than it was during the Maoist period
b. Economic reform has generally evened out income inequality between rural and urban residents. c. Economic reform has generally evened out income inequality between men and women. d. Although it has greatly enlarged the middle class, economic reform has not created a class of "super-rich." e. Surveys indicate that most Chinese are dissatisfied with the state of egalitarianism in contemporary China.