QUESTION 1 Which of the following statements is TRUE? A. Welfare provisions have tended to become more generous over the past 40 years B. Income inequality has increased since the 1980s C. Sweden has the lowest degree of wealth and income equality in Europe D. The tax system has become more progressive over the past 40 years QUESTION 2 What factors led to Sweden's shift away from its long-term wage bargaining system in the early 1990s? A. Rapid decline in oil prices that limited exports from Sweden B. Higher taxes on consumer goods that hurt low-income consumers C. Death of the long-serving king and a shift to a moderate reform party in the parliament D. Sharp rises in wages that reduced international competitiveness QUESTION 3 In which decade did the French economy experience its highest growth rates? A. 1950s B. 1960s C. 1970s D. 1980s QUESTION 4 From the mid-1940s to the mid-1980s, Sweden relied on a centralized system of wage bargaining known as: A. Laissez-faire B. Planned socialism C. Liberal corporatism D. Command capitalism QUESTION 5 Who developed the concept of dirigisme that has been an important component of French economic planning? A. King Louis XIV B. Jean-Baptiste Colbert C. General de Gaulle D. Marshall Petain
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