The Economy of Spain | Economics Explained

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Business
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9th - 12th Grade
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Hard
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the major challenges Spain faced after the 2008 financial crisis?
A decrease in exports
A decline in tourism
An increase in national debt
A rise in unemployment
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does Spain's government structure differ from a typical federation?
It has no regional governments
It is governed by a single party
It is a collection of autonomous regions
It has a central federal authority
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a disadvantage of Spain's regional economic independence?
Creation of economic frictions
Reduced competition among regions
Increased national unity
Centralized tax collection
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a major factor in the creation of Spain's housing bubble?
Adoption of the euro
Lack of foreign investment
Decrease in tourism
Centralized government policies
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role did local politicians play in Spain's economic issues before 2008?
They centralized economic policies
They reduced regional debts
They encouraged housing development
They limited foreign investments
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What allowed Spain to manage the 2008 crisis without becoming a failed state?
Strong private sector debt
High national debt
Centralized government control
Decentralized regional management
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a consequence of high unemployment in Spain after 2008?
Increased wages
Rise in housing prices
Skilled workers moving abroad
Decrease in tourism
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