Practice Quiz

Praxis II Government/Political Science Exam Prep - Question List

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6. Which famous economist is not correctly paired with his seminal work?
  1. Capital - Karl Marx
  2. The Return of Depression Era Economics - Milton Friedman
  3. The Wealth of Nations - Adam Smith
  4. The General Theory of Employment, Interest and Money - John Maynard Keynes
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7. Which of the following conditions is not necessary for a perfect market?
  1. No barrier to entry or exit
  2. All actors have total information about the market
  3. Equal access to technology
  4. The absence of regulation
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8. Which economic system stated that the wealth of a nation depended on its total available capital?
  1. Capitalism
  2. Mercantilism
  3. Communism
  4. Feudalism
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9. Which economic theory describes how many European empires expanded through colonization in the 16th to mid-18th centuries because founding colonies ultimately increased a state's access to raw natural resources and expanded their marketplace?
  1. Colonialism
  2. Imperialism
  3. Mercantilism
  4. Free enterprise
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10. The organization chiefly responsible for the promotion and supervision of international trade is:
  1. The International Monetary Fund
  2. The World Trade Organization
  3. The United Nations
  4. The Organization for Economic Cooperation and Development
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