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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

The document states 'Q77. Political Economy as a discipline or method of inquiry recognizes A. The primacy of the economy and material production as the foundation of society ✓'. Political economy traditionally studies how political and economic systems influence each other, emphasizing that economic structures and the production of goods and services are fundamental to understanding societal organization and power dynamics.

Hint

Consider the core principle of political economy, which combines political and economic analysis. What aspect does it prioritize as foundational?

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