The economic systems of Sweden and France are considered to be:
Globalist
Socialist
Communist
Planned
Ans- Option B. Planned
Sweden and France are considered to be Planned economic system.
A planned economic system is a system where government controls price, productions and makes decision in regard to economy
Course Name: Economics Textbook: Comparing Economic Systems in the Twenty-First Century. Authors: Gregory/Stuart. Edition: 7th Ed. The text defines an economic system as the set of institutional arrangement used to allocate scarce resources the movement of capital between countries. how wealth is distributed and created in a country the natural resource available The high economic growth from the Industrial Revolution was characterized by new opportunities to settle empty areas, particularly North America rapid technological and scientific innovation the expansion of...
Question 63 2.5 pts Table 30 Country Gini Coefficient Sweden 0.240 France Italy 0.319 United Kingdom 10.324 Portugal 0.375 Latvia 0.387 Refer to Table 3h. Which country has the most equal income distribution? Latvia Italy O France Sweden
Answer True or False: 1. Classification criteria for economic system include decision-making systems, mechanisms for information and coordination, incentive structures, property rights, and mechanisms for public choices. 2. All economic systems can be classified as market capitalism or centrally planned socialism. 3. Generally speaking, transition economies emerging from the former Soviet Union have done least well with transition, while those of Central and Eastern Europe have done the best. 4. Capitalism relies primarily on material incentives, while planned socialism and...
In the ___ stage of the Marxist-Leninist model of economic development, the stage begins to take over private property – and private property gradually disappears A) slavery-based society B) socialist society C) feudalism D) capitalism E) communist society
Prices in the planned socialist systems are generally set by
A Big Mac costs SEK 52 in Sweden and 4.08 euros in France. Figure out the Big Mac Index and find the actual exchange rate on the internet or in other sources. Is the krona over- or undervalued against the euro?
China: Economic Challenges- Political Landscape- Government Structure- Legal Trade Policies- Has the government or legal system encouraged or restricted the fashion industry in your countries? How are these approaches contrasted differently than the United States? Does it matter if the government body is communist rule, democratic, socialist etc.? Why or why not?
As the chapter discusses, differences in political, economic, and legal systems have considerable impact on the benefits, costs, and risks of doing business in various countries. The World Bank’s “Doing Business Indicators” measure the extent of business regulations in countries around the world. Compare Brazil, Ghana, India, New Zealand, the United States, Sweden, and Turkey in terms of how easily contracts are enforced, how property can be registered, and how investors can be protected. Identify in which area you see...
How will a stronger euro affect the following economic agents? A France importer to Japan A German tourist visiting China A Greek bank investing in a Canadian government bond A French exporter to Germany
Identify a Free Trade Zone (FTZ), Special Economic Zone (SEZ), or such in France and make a sales pitch for it (like you are trying to attract a firm to come there!). Include web links to your resource information. What are the primary benefits it offers to an international company?