The field of political economy
A)applies the methods of political science to microeconomics.
B)applies the methods of political science to macroeconomics.
C)is relevant to the issue of how active government should be in economic matters.
D)integrates psychological insights to better understand individual choices.

Question

Quizplus · Accepted Answer

The field of political economy is concerned with the role of government in the economy, making choice C the correct answer. It considers issues such as market failures, government regulation, and the distribution of resources among different groups. Therefore, political economy is relevant to the issue of how active government should be in economic matters.

The Field of Political Economy