What Did Katzenstein Find When He Compared Various States' Responses

question 27

Multiple Choice

What did Katzenstein find when he compared various states' responses to the oil shortages of the early 1970s?

• A)That different states had different policy instruments for influencing their economies
• B)That all democracies dealt with the oil shortages in the same way
• C)That all autocracies dealt with the oil shortages in the same way
• D)That it was impossible to isolate the variables that would explain the different behaviors of states

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Definitions:

Profit Margin

A financial ratio indicating the percentage of revenue that remains as profit after accounting for the cost of goods sold and other expenses; a measure of profitability.

Investment Turnover

A financial ratio that measures the efficiency of a company in generating sales from its investments in securities or fixed assets.

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment or compare the efficiency of several different investments.

Investment Turnover

A measure of the efficiency of an entity in generating revenue from its investments, often calculated as sales divided by the average investment.