Reopening of Economies Will Be a Gradual Process: OECD’s Boone

Reopening of Economies Will Be a Gradual Process: OECD’s Boone

Assessment

Interactive Video

Business, Social Studies

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

The video discusses the transition into phase two of the economic episode, highlighting the gradual reopening of economies and the slow recovery process. It evaluates the effectiveness of government stimulus measures and the need for more targeted support in the future. Concerns about permanent economic scarring, particularly in sectors reliant on social interactions, are addressed. The video also explores unintended consequences such as widening inequality and challenges to global value chains. Finally, it emphasizes the importance of addressing future risks and security in economic planning.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected pace of recovery for sectors like restaurants and travel?

Rapid recovery to pre-pandemic levels

Gradual recovery with some sectors taking longer

No recovery expected

Immediate recovery with no delays

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the focus of government responses during the initial phase of the pandemic?

Reducing taxes

Supporting income and business liquidity

Increasing exports

Building new infrastructure

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which sectors are likely to suffer long-term due to the pandemic?

Agriculture and farming

Accommodation and travel

Technology and IT

Manufacturing and production

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major concern regarding state support during the pandemic?

It will lead to increased taxes

It will cause inflation

It will be difficult to remove while maintaining competition

It will reduce government debt

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the unintended consequences of the pandemic mentioned in the transcript?

Improved healthcare systems

Increased tourism

Widening inequality within and between countries

Decreased global cooperation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a suggested approach to manage risks to global value chains?

Complete nationalization of industries

Diversification and stress testing of value chains

Focus solely on local markets

Elimination of international trade

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential risk if countries become too protectionist?

Lower consumer prices

Stronger global partnerships

Increased innovation

Higher prices and weakened global links