Description (TCO 7) Describe how today’s conservatives use the term “political economy.” (TCO 7) Early 20th-century European governments subscribed to _____ doctrines, generally keeping their hands away from the economy. (TCO 7) The 1973 Mideast war allowed members of the Organization of Petroleum Exporting Countries (OPEC) to _____. (TCO 7) Conservatives hold that Johnson’s Great Society was a waste of money, locking recipients into _____ and encouraging a subculture of drugs and crime. (TCO 7) Analyze recent changes to the Food Stamp program. (TCO 7) Which of the following is an increasing financial concern of the Medicare program? (TCO 7) Many Americans think the federal budget goes primarily toward welfare, which is _____. (TCO 7) How might Americans’ reluctance toward entitlement programs benefit them in the long run? (TCO 7) Most liberals feel that the poverty line is _____. (TCO 7) Theoretically, what are the consequences if the government assumes the burden of bad loans?