Liberal Market Economies Quiz Stats

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Score 0/21 Timer 10:00
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Criteria Key features % Correct
RepresentativesCanada, USA, UK, Ireland, Australia & New Zealand
80%
Wage bargainingFirm level
20%
Investment preferences (patterns)Switchable assets (assets whose value can be realized if diverted to other purposes)
20%
Self regulation =No regulation!
20%
Coordination mechanismhierarchies &competitive market arrangements
0%
Type of Social assistancemeans-tested social assistance policies designed to serve as a safety net
0%
Market relationscompetition & formal contracting
0%
Market adjustmentprice signals via supply and demand
0%
Firms' outlookShort run & marginal analysis
0%
Method of social assistance deliveryredistributive cash transfers to the working population through a variety of means-tested measures
0%
Level of organized labourunions have few statutory bargaining rights
0%
Criteria Key features % Correct
Corporate governancedominated by the financial owners of the firm
0%
Labour marketDeregulated labour markets
0%
Income equalityHigh income inequality
0%
Financing sourceshigh stock market capitalisation
0%
Innovative capabilityradical innovations and specializing in new advanced industries and products & high-end technologies
0%
key areas of social assistanceunemployment insurance & schemes linked to regular employmen & poverty alleviationt
0%
LME trade-offsHigh efficiency & low equity (low rates of unemployment vs. large social inequality)
0%
Crucial LME coordination mechanismmarket failures (may occur more frequently than it was assume....if you're the USA and don't mind Canadian banks owning the Boston Gardens)
0%
Marx says the system favours....Property rights system favouring the owners of capital over other 'stakeholders'
0%
Taxonomic short-falls of VoCLME group is relatively homogenous
0%

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