Measuring Economic Democracy

Measuring Economic Democracy

Assessment

Interactive Video

Business, Social Studies

University

Hard

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Professor Robert McMaster discusses the motivations behind Brexit and introduces the economic democracy index, which measures economic democracy across various economies. The index reveals differences between Scandinavian, Eastern European, and Anglo-American economies. The video explores correlations between economic democracy, income inequality, productivity, and poverty. It also discusses policy implications and interest from organizations. The potential impacts of Brexit on the UK economy and concerns about climate change are also addressed.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main motivations behind the UK's decision to leave the European Union as discussed in the video?

Desire for more economic democracy

Reduction in immigration

Impact of neoliberalism on labor markets

Increase in trade opportunities

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economies are highlighted as performing well in the economic democracy index?

Eastern European economies

Anglo-American economies

Asian economies

Scandinavian economies

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What correlation is found between economic democracy and income inequality?

No correlation exists

Economic democracy only affects poverty levels

Higher economic democracy leads to lower income inequality

Higher economic democracy leads to higher income inequality

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which organization has shown interest in the policy implications of the economic democracy index?

World Bank

Oxfam

United Nations

International Monetary Fund

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential impact of Brexit on the UK economy as mentioned in the video?

Increase in economic growth

Reduction in income inequalities

Exacerbation of income inequalities

Improvement in climate change policies

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a concern related to climate change mentioned in the video?

Skepticism about major powers' commitment

Over-reliance on renewable energy

Lack of local initiatives

Excessive government intervention

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a challenge for economists in predicting the impact of Brexit?

Underestimation of trade opportunities

Overestimation of economic growth

Profound uncertainty

Lack of historical data