Economic Geograpgy

Question 1 (2 points)

What regional economic bloc removes trade restrictions between member countries and establishes a common trade policy towards non-member countries? Restrictions remain on movement of factors of production.

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Question 2 (2 points)

Identify the term that describes a country whose national government exerts control over the national economy by controlling national banks and providing extensive welfare services. An example of this type of state would be Germany.

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Question 3 (2 points)

Identify the term that supports the view point that the state's role in the economy should be limited to enforcing property rights and supporting free markets and free trade.

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Question 4 (2 points)

Several countries in recent years have implemented policies that make labor markets more flexible. Identify the country that is a model for those that support the flexibilization of labor markets through deregulation.

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Question 5 (2 points)

Select the statement that is an example of how the state serves as the ultimate protector of the national economy according to Neil Coe, Philip Kelly and Henry Yeung.

9 years ago
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