Political economy

Question 1

Intersection of?

Answer 1

Power and wealth
Economics and politics
States and Markets

Question 2

Self regulating market?

Answer 2

Economy directed by the consumer and market pricing

Question 3

Harmony of interests?

Answer 3

Adam smith proposed that an invisible hand promotes an end through pursuing self interests may also promote that of society

Question 4

Keynes and a middle way Domestic Economy

Answer 4

Keynes proposed a theory based on boom and bust. Booms mean less govt spending, and busts create more government spending

Question 5

Macro-economics?

Answer 5

Aggregates: rates of interest, unemployment, demand

Question 6

Neo-liberalism?

Answer 6

State intervention to free markets
Social security to risk
Social citizen to enterprising citizen

Question 7

Welfare reform and workfare?

Answer 7

End welfare are entitlement
Requires work after two years of benefits
Places 5 year limit on federal benefits

Question 8

Anthroposcene?

Answer 8

Recent activity have permanently and irreversibly altered Earth to such an extent that it shapes a new epoch

Question 9

Sustainable development?

Answer 9

Development that meets the needs of the present without compromise of future gens