Political Economies and Policy Goals

Flashcards created based on key concepts from the lecture on political economies and policy goals.

Political systems are frameworks around an economic system, broadly classified into __________ and __________.

Democracy and Dictatorship.

A __________ is characterized by a freely elected government that represents the majority of citizens.

Democracy.

In a __________, a single person or party exercises absolute authority with no free elections.

Dictatorship.

The resulting four distinct political economies from the integration of two political systems are known as the four __________.

isms.

The placement of specific ideas within a spectrum of political views ranges from extreme far right thinking (__________) to far left (__________).

fascism; communism.

Cost-benefit analysis is advantageous in weighing economic options and making __________ choices.

sound.

Canada’s 10 principal economic goals include public debt, economic growth, and __________ payments.

transfer.

Collective economic choices in Canada must be made due to __________ economic resources.

scarce.

A unique case of both communism and fascism is __________.

North Korea.

Canada's goals rank from highest to lowest priority, including public debt, balance of payments, and consumer __________.

sovereignty.