The question of the proper relationship between governments and markets is the subject of __________.

Question

Quizplus · Accepted Answer

The question of the proper relationship between governments and markets falls under the study of political economy. Political economy is a branch of social science that examines the relationship between economic processes and political institutions. It seeks to understand how economic systems affect and are affected by political structures and how various factors such as culture, history, and institutions shape economic outcomes. Thus, option D is the correct answer. Option A is incorrect because the American dilemma deals with the issue of race relations and civil rights in the United States. Option B is incorrect because the great debate refers to the discussion surrounding the role of the state in the economy during the 1940s and 50s. Option C is incorrect because partisan disagreement refers to the differences in political beliefs and values between political parties.

The Question of the Proper Relationship Between Governments and Markets