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1. Economics - or, political economy - is a discipline of contested [social] scientific inquiry.[True|False]
2. The focus, entry point or unit of analysis for Neoclassical and Austrian Economics is the individual.[True|False]
3. "Capitalism" and "the economy" are the same thing and are, moreover, a permanent and natural state of affairs.[True|False]
4. Definitions of economics, political economy, and social provisioning are, in essence, the same, all reducing to and espousing free markets and scarcity.[True|False]
5. Macroeconomic analysis generally focuses on factors determining aggregate movements in output (GDP), employment (N), and the price level (inflation).[True|False]
6. In a monetary production economy such as capitalism it is use values (usability), serviceability, sustainability and social welfare that are of primary concern.[True|False ]
7. Economic pluralism refers to crossing disciplinary boundaries - e.g., incorporating insights from sociology, psychology, anthropology, ecology, political science, history, etc. into economic analysis.[True|False]
8. A primary focus or entry point for the Marxist school of economics is not an isolated individual but class analysis or class struggle - e.g., "The history of hitherto existing society is the history of class struggles."[True|False]
9. Gross Domestic Product (GDP) is the most referred to and reliable economic indicator in large part because it explicitly includes non-market activities, quality of life metrics, working conditions, domestic care work and environmental conditions.[True|False]
10. One fact agreed upon by all economic historians is that the United States developed solely by free trade, free markets and non-protectionist foreign trade and economic policies.[True|False]
11. Counter-cyclical macroeconomic policies - also known as Keynesian policies - include expanding government spending during economic upturns and reducing them during downturns.[True|False]
12. In today's advanced capitalist economies the role of the government and/or the government as an economic actor is entirely unimportant as unregulated free markets coordinate society.[True|False]
13. Neoliberalism can roughly be defined as: a political philosophy and economic ideology which looks to organize and mediate social relationships through markets - e.g., via privatization, deregulation - as markets are thought to be less a social institution than a force of nature.[True|False]
14. Broadly speaking, heterodox economics focuses more on the virtues of market exchange and the orthodox or mainstream approach looks more at production, including the social relations of production.[True|False]
15. Gross Domestic Product (GDP) can be determined by the expenditures of each component of GDP, namely: consumption, investment, government spending, and exports minus imports.[True|False]