Question Detail

GST 112 GST 112 Test Compilations 8 Objective Question

Question

Political Economy as a discipline or method of inquiry recognizes ______.
Options
A The primacy of the economy and material production as the foundation of society
Correct Answer
B The gross capital expenditures as the basis for development
C The exploitation of one group by another powerful group
D The monopolization of means of production in the hands of the lower class
Correct Answer

Option A is the correct answer.

Detailed Explanation

Political Economy emphasizes the interconnectedness of political and economic processes, recognizing that economic structures and material production are fundamental to shaping society and politics.

Hint

This academic field integrates politics and economics, focusing on the foundational aspects of society.

Question Info