Here is a multiple choice question in a two statement format on the political economy approach, along with a detailed explanation:

Question:

I. Political economy examines how economic factors like trade, production and class interests shape political outcomes.

II. Political economy assumes rational, utility-maximizing behavior by individuals and groups in the political sphere.

1
Statement I is true but Statement II is false.
2
Statement II is true but Statement I is false.
3
Both Statement I and Statement II are true.
4
Both Statement I and Statement II are false.

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