Historical experience demonstrates that: Select one: protectionism works best b. competitive markets do not work c. removing trade barriers does not…

Historical experience demonstrates that:

Select one:

a. protectionism works best

b. competitive markets do not work

c. removing trade barriers does not work

d. economic isolationism does not work

In the study of government-business relations, acknowledging history is important because:

Select one:

a. cultural influences on the political economy persist despite the phenomenon known as globalisation

b. economic conditions change over time

c. it is good scholarly practice to acknowledge the past

d. globalisation will eventually make ‘difference’ a thing of the past

Social democracy aims to:

Select one:

a. Through government intervention, prevent fluctuations in economic performance

b. Focus on the economic as much as the social

c. Leave the invisible hand of the market to address economic problems

d. Focus on the social rather than the economic

The impact of globalisation on Australian policy led to:

Select one:

a. greater reliance on telecommunications by citizens

b. no significant change in the government-business relationship

c. a tripartite arrangement between business, government and the third sector

d. a shift from insularity and protection toward economic liberalism

A key critique of statism is that:

Select one:

a. Unions have a small role

b. Government cannot pick winners

c. The market is left to its own devices

d. Government often fails to achieve appropriate economic outcomes

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