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Foundations of Political Economy Quiz

Total questions: 206

Worksheet time: 4hrs 31mins

Name
Class
Date
1.

_________ studies the basis of the development of the societies

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2.

_________ is the science of the development of socio-production or economic relations between people

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3.

Political economy studies ________ with specific focus on the social relationships of production

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4.

__________ economy is concerned mainly with the removal of inhibitions to expansion of capital in the productive process

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5.

Laissez faire political economy is also called _________

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6.

Which of the following economy argues against the utility of restriction in international trade?

a)

Classical Political Economy

b)

Communist Political Economy

c)

Marxian Political Economy

d)

Neo-Classical Political Economy

7.

Marxian Political Economy was proposed by (a)  

8.

(a)   argued that all commodity value is determined by labour content- both the direct labour and indirect labour embodied in capital equipment

9.

The conscious and purposeful activity of people to produce material wealth is referred to as (a)  

10.

Labour is eternal to humankind and can be (a)   or unskilled

11.

Labour is eternal to humankind and can be skilled or (a)  

12.

(a)   defined labour as an external, natural necessity and the primary condition for human life

13.

Fredrich Engels defined (a)   as an external, natural necessity and the primary condition for human life

14.

(a)   shared this view and add that it was labour that created man himself

15.

___________ refers to the instrument that man uses that determines the force of his impact on nature

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16.

All the primary objects of labour-minerals, animals and plants, the wealth of the water are found in (a)  

17.

The objects of labour that have already experienced the impact of human labour but require further processing are called (a)  

18.

The means of labour and objects of labour together constitutes means of (a)  

19.

The means of production cannot on their own produce any material wealth

(a)  

20.

The most sophisticated technology is worthless without people

(a)  

21.

The human labour which constitutes the decisive factor of the production process is also called the__________

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22.

The relationship between people in the process of production, exchange, distribution and the consumption of material wealth are called ___________

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23.

The mode of production is also called Epoch or Era in the (a)   dialectics

24.

Basis of Society is otherwise called the (a)  

25.

The mode of production is also called (a)   in the Marxian dialectics

26.

(a)   is the totality of socio-production relation at each given stage in the historical development of society

27.

The (a)   consists of the political, philosophical, legal, artistic, religious and other views of society and corresponding institutions

28.

In a class society, the (a)   has a class character

29.

In a class society, the superstructure has a (a)   character

30.

The (a)   creates institutions to protect its class interests, in accordance with its views

31.

The different socio-economic formations in the history of mankind identified by Karl Marx are the following

a)

primitive communalism

b)

slave owning

c)

feudalism

d)

capitalism and communism

32.

The (a)   phase of communism is socialism

33.

The first phase of communism is (a)  

34.

(a)   identified a social class as a group of persons that share a similar relationship to the means of production

35.

(a)   was characterised by lords and serfs while capitalism had bourgeois and proletariats

36.

According to (a)   , a social class consists of persons who share a similar relationship in the market place

37.

According to Max Weber, a (a)   consists of persons who share a similar relationship in the market place

38.

The (a)   refers to the owners of the means of production, that is, the propertied class in a capitalist society

39.

The propertied class in a capitalist society is referred to as (a)  

40.

The (a)   refers to the exploited workers who own no means of production but only have their labour to offer to the process of production

41.

Surplus Value is otherwise known as (a)  

42.

(a)   is the difference between what the proletariat produces and what he actually takes home in the form of his wage

43.

The term applied by Bourgeois economists to all instruments of labour, from primitive man’s sticks and stones is (a)  

44.

The antagonistic competition between the opposing classes in any epoch is called (a)  

45.

The process by which the condition necessary for the emergency of capitalism is created is known as__________

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46.

The primitive communal mode of production was characterised by the existence of collective ownership of the__________

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47.

The (a)   owning mode of production replaced the primitive communal mode

48.

The first, most flagrant and avert form of exploitation is known as (a)  

49.

Slaves were also called (a)  

50.

(a)   dominated the political structure of the medieval era in the Greeko-Roman era

51.

The most important factor during the feudal epoch was (a)  

52.

During the feudal epoch, the plots of land handed out on terms were called (a)  

53.

In the feudal era, the plots of land handed out on terms called fief the people who received them are known as (a)  

54.

In the (a)   , the man of small power became the dependant of someone strong enough to protect him

55.

Under feudalism, the (a)   is the sole land owner and his barons are tenants

56.

Under (a)   , the king is the sole land owner and his barons are tenants

57.

The feudal mode of production succeeded the slave owning society

(a)  

58.

The capitalist mode of production emerged during the last stage of (a)  

59.

Monopoly capitalism is also called (a)  

60.

Lenin described (a)   as the highest and last stage in capitalism

61.

Marx posits that the (a)   is the economic cell of bourgeoisie society

62.

--- and Engel’s proved that the division of society into classes is linked with the appearance of private ownership of the means of production

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63.

The capitalist ownership of the means of production and exploitation of wage labour divides the society into hostile (a)   , Bourgeoisie and Proletariats

64.

The capitalist ownership of the means of production and exploitation of wage labour divides the society into hostile social classes, (a)   and Proletariats

65.

The capitalist ownership of the means of production and exploitation of wage labour divides the society into hostile social classes, Bourgeoisie and (a)  

66.

The (a)   is the class that owns the means of production and used them to exploit the workers in order to derive surplus value

67.

The (a)   is the class of wage workers, deprived of means of production and consequently subject to capitalist exploitation

68.

The bourgeoisie and the proletariat are _________

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69.

The mode of production which replaced the feudal era was --- mode of production

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70.

(a)   is regarded as a middle ground between laissez-faire capitalism and central-planning model as evident in communism

71.

A religion without a god is referred to as (a)  

72.

Anderson and Woodrow refer to (a)   as a process through which people’s material, social, organizational, motivational or attitudinal vulnerabilities are reduced and capacities are increased

73.

According Dudley Seer, (a)   is the creation of conditions for the realization of human personality and this implies a reduction in poverty, unemployment and inequality

74.

(a)   is regarded as general improvement in human condition

75.

HDI stands for__________

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76.

__________ is a type of development which meets the needs of the present without compromising the ability of future generations to meet their own needs

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77.

The theory of (a)   seeks to identify differences on how societies designated as modernised or relatively modernising societies differ from one another

78.

(a)   shares this orientation and maintained that the bulk of the Third World countries are still at the early stages of development

79.

Rostow outlined (a)   stages which societies pass through in their progression

80.

(a)   school focused on the internal dynamics of states as central to understanding the disparities in levels of development

81.

Ghosh (2001) described (a)   as a form of unequal international relationship between two sets of countries

82.

The dependency theory's name for undeveloped regions of the earth is (a)  

83.

Underdevelopment is the result of the dependent and asymmetrical relationship between the (a)   and industrialized nations

84.

(a)   is unarguably one of the foremost scholars who sought to explain the phenomenon of dependence

85.

The author of the book “On the Political Economy of Backwardness” is called (a)  

86.

The following are the three types of economic surplus

a)

actual economic surplus

b)

potential economic surplus

c)

planned economic surplus

87.

__________ is the difference between society’s actual current output and its actual current consumption

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88.

The ___________ is the difference between what the society could produce in a given natural and technological environment with the help of employable productive resources, and what might be regarded as the necessary consumption

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89.

Potential surplus is bigger than the actual surplus in a capitalist society

(a)  

90.

The difference between the society’s optimum output attainable in a historically given natural and technological situation obtainable in a planned economy and the optimal volume of consumption is called (a)  

91.

Baran’s analysis identified (a)   popular fallacies often cited in discussions on obstacles of Economic development

92.

(a)   refers to the underdeveloped regions of the world, which are integrated with the world capitalist system in an asymmetrical relationship, which exist to the detriment of the underdeveloped countries

93.

__________ argued that when a particular country is incorporated into the world capitalist structure, the economy of the former country shows all the signs and symptoms of capitalism

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94.

(a)   is characterised by the polarisation of the capitalist system into metropolitan centre and periphery

95.

Due to the (a)   structure of capitalism, the surplus generated in the global periphery is accumulated by the global metropole

96.

Samir Amin held that capitalism required imperialism to counter the adverse effects of __________

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97.

(a)   was the author of the book Imperialism and Unequal Development

98.

(a)   is the author of the book “The Question of Imperialism”

99.

V. I. Lenin described (a)   as the monopoly stage of capitalism

100.

IMF is the acronym for _________

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101.

IBRD stands for _________

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102.

The Fourth Conference of Heads of States and Governments of Non-Aligned Countries (FCHSGNCs) at Algiers in September took place in (a)  

103.

The bulk of the continent of Africa experienced European colonialism between the (a)   centuries

104.

The (a)   Century marked a significant stage in the wave of empire building by many European countries

105.

The economic strategy underlying the relationship between colonies and colonisers during the of classical imperialism is described as (a)  

106.

(a)   refers to the philosophy and practice of governmental regulation of economic life to increase state power and security

107.

The quest for accumulation of wealth propelled states to pursue and maintain favorable balance of (a)  

108.

The book “Wealth of Nations” was written by (a)  

109.

(a)   implies foreign political domination and subordination of oversea territories for effective economic exploitation

110.

Colonial rule in (a)   a was an act of political expropriation made possible by the use of force and the threat of the use of force to extract surplus from the continent

111.

America gained independence from slave trade in (a)  

112.

In (a)   Jules Ferry, the French Premier of the Chamber of Deputies highlighted the dominant reasons for colony acquisition

113.

Albert Sarrant, the French Secretary of State for Colonies reiterated the colony acquisition in 1923 at the Ecole Colonale in (a)  

114.

The First World War took place in (a)  

115.

The end of colonialism in Africa was succeeded by another phenomenon described as (a)  

116.

The Second World War took place in the year (a)  

117.

United Nations Organization emerged in the year (a)  

118.

By the late 1960s, several African countries had gained political independence

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119.

Nkrumah described (a)   as a definite and last stage in the development of imperialism

120.

The Third All African People’s Conference was held in Cairo in (a)  

121.

IMF means________

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122.

IBRD means________

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123.

The globalisation of capital dates back to the (a)  

124.

(a)   implies the growth of a world system characterised by global accumulation, global dependency and the universalisation of market economy and relations

125.

(a)   is said to be conceived as an extension of imperialism

126.

Globalisation is said to be conceived as an extension of (a)  

127.

WTO is the acronym for________

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128.

_________ refer to business conglomerates that have their operations across national boundaries

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129.

Multinational corporations are sometimes called __________

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130.

The end of the (a)   resulted in the first international monetary system based on gold and pounds sterling under British hegemony

131.

The (a)   is an integral part of the Bretton Woods system

132.

The study of production and trade and their relations with law, customs and government and distribution of wealth and income is referred to as ________

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133.

The apparent clash of ideologies has led to the evolution of a truly scientific basis for political economy through the works of such scholars like Marx, Engel and (a)  

134.

The classical approach to political economy argues against the utility of restriction in _______

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135.

Scholars of Marxian orientation conceive the classical orientation to political economy as (a)  

136.

The main proponent of the Marxian approach is (a)  

137.

The (a)   interpretation of history places emphasis on social classes, productive forces and the social relationship of production

138.

The Neo-Classical Political Economy gained prominence with the writings of (a)  

139.

The Neo-Classical Political Economy gained prominence with the writings of (a)  

140.

Scholars of the Neo-Classical Political Economy were predominantly influenced by the economic crisis of the pre-war period and were determined to avoid the economic chaos and competitive devaluations that had occurred during the _______

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141.

Political economy seeks to explain the causes of the asymmetrical relations between developed and developing nations in the international division of labour and (a)  

142.

The mode of production is also called _______ or _____ in the Marxian dialectics?

(a)  

143.

The (a)   forces are the more mobile component of the mode of production

144.

Classical political economy has otherwise been referred to as (a)   political economy because of its emphasis on free enterprise.

145.

The basis of socialist society is________

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146.

(a)   constitutes the decisive factor of the production process?

147.

The Means of labour and objects of labour together constitutes _______

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148.

The centerpiece of Marx work is an incisive analysis of the strengths and weaknesses of (a)  

149.

The owners of the means of production in a capitalist society are referred as the (a)  

150.

The difference between what the proletariat produces and what he actually takes home in the form of his wage is known as (a)  

151.

The value that, through the exploitation of wage workers, begets surplus value is known as (a)  

152.

The chief productive force of society is (a)  

153.

The antagonistic competition between the opposing classes in any epoch implies (a)  

154.

The class struggle in the feudal era was between (a)   and serfs

155.

For Karl Marx, (a)   major conditions are required for capitalism to emerge

156.

The first socio-economic formation was the primitive communal system (a)  

157.

For Marx, the history of all hitherto existing societies is the history of (a)  

158.

Marx notion of historical materialism presupposes that there exist (a)   levels of relationship in the process of production

159.

Man’s first tools were a roughly cut stone and (a)  

160.

Marx identified (a)   major historical epochs in the evolution of society?

161.

The first socio-economic formation was the _______

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162.

The basis of the relations of production in the clans was through _______

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163.

Under the ideal primitive communal mode of production, the primary cells of society were (a)  

164.

(a)   dominated the political structure of the medieval era?

165.

(a)   dominated the political structure in the Greeko-Roman era?

166.

Paul Baran is unarguably one of the foremost scholars who sought to explain the phenomenon of (a)  

167.

Member of the lowest feudal class, attached to the land owned by a lord and required to perform labor in return for certain legal rights are known as (a)  

168.

Under feudalism, an individual became servants first to the (a)  

169.

Historically, the peasants produced what was needed for the subsistence of his (a)  

170.

The exploitation of the peasant serfs in the form of (a)   constituted the main feature of feudalism

171.

The entire history of feudalism was one of fierce struggle between (a)   and peasants

172.

The (a)   mode of production emerged during the last stage of feudalism

173.

Marx had always been optimistic that capitalism must inevitably give way to the new society which he referred to as (a)  

174.

Actual economic surplus is the difference between society’s actual current output and its actual current

(a)  

175.

In its evolution, the communist society passes through two stages in its development; the first called (a)  

176.

One fundamental assumption intrinsic in Amin thesis on unequal development is that imperialism is compelled to spread capitalism on the (a)   arena.

177.

In his book, Imperialism: The Highest Stage of Capitalism, (a)   described imperialism as the monopoly stage of capitalism.

178.

The (a)   theory seeks to identify differences on how societies designated as modernised or relatively modernising societies differ from one another?

179.

Colonialism implies foreign political domination and (a)   of oversea territories for effective economic exploitation.

180.

Colonial rule in Africa was an act of political expropriation made possible by the use of force and the threat of the use of force to extract (a)   from the continent.

181.

Samir Amin focused his analysis on the notion of _______

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182.

Political economy attempts to locate the root cause of underdevelopment in third world nations to issues such as (a)  

183.

The main proponent of the Marxian political economy approach is (a)  

184.

The concept “Political Economy” was first used by ____

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185.

For karl Marx, (a)   is a group of persons that share a similar relationship to the means of production

186.

The superstitious believe that the bourgeoisie own the means of production, and the legitimacy of the haves not working for them is what Marx refers to as ________

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187.

The difference between what the proletariat produce and what they take home is called (a)  

188.

That the proletarian revolution will eventually lead to the enthronement of Socialism was postulated by (a)  

189.

In his Material conception of History, Marx argues that the manner of relationship in the production process is man against nature, and man against (a)  

190.

The feudal era was largely characterised by land ownership held as (a)  

191.

During the necessary time, the peasant farmer produces only what is sufficient for his (a)  

192.

The status of peasants in the feudal era is called (a)  

193.

The capitalist mode of production emerged during the last stage of (a)  

194.

The capitalist mode of production has undergone two stages; pre – monopoly capitalism and _________

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195.

In (a)   view, political economy does not only deal with production, also the social relations of men in production and the social system of production

196.

In the communist manifesto, Marx and Engels insist that the working class must unite, for they have nothing to lose but their (a)  

197.

The theory which argues that the root causes of underdevelopment among third world countries are rooted in the existence of conservative culture and economic barriers is referred to as (a)  

198.

Modernisation theory is traceable to writings of (a)   social scientists in the early 1950s

199.

Under the ideal (a)   communal mode of production, the primary cells of society were kindred groups that shared a common dwelling and together procured their means of subsistence

200.

The most significant of the many slave uprisings was that led by (a)  

201.

The advent of the _________, played a significant role in the fall of the feudal era

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202.

As against other definition of the modern state put forward by scholars, Marx maintains that the state only exists for the protection of ________ and the means of production?

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203.

For Marx, Lenin and Engels, the only way for mankind to achieve a brighter future is by embracing the _______

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204.

According to Rostow, the five stages of development includes; traditional, Pre condition to take off, take off, drive to modernity and _________

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205.

Which of these is not a feature of communism ___________

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206.

For Lenin, the development of socialism will ultimately lead to (a)