Question Detail

GST 112 Study Session 9: Political Economy and Culture of Underdevelopment In Nigeria Objective Question
Take CBT

Question

The first perspective of 'political economy' refers to the nature and organization of an economy primarily in terms of:
Options
A Its geographic location and natural resources.
B The ownership or distribution of the means of production.
Correct Answer
C The total volume of goods and services produced annually.
D Its historical development and cultural traditions.
Correct Answer

Option B is the correct answer.

Detailed Explanation

According to the text, the first perspective of political economy 'refers to the nature and organisation of an economy in terms of ownership or distribution of the means of production'.

Hint

Recall the initial definition provided for 'political economy' focusing on economic structure.

Question Info

Course: GST 112
Topic: Study Session 9: Political Economy and Culture of Underdevelopment In Nigeria
Type: Objective
Difficulty: Not specified
Question 526 of 1270
Previous Course Details Next