Exam 22: The Impact of Public Policies

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According to varieties of capitalism, welfare states are… Please select all that apply.

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B,C

What are theoretical explanations of structural unemployment? Please select all that apply.

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A,B

What is characteristic for the system of flexicurity? Please select all that apply.

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A,B,C

Policy convergence is explained by… Please select all that apply.

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Which negative effects of the welfare state were discussed after the breakdown of the Bretton Woods system? Please select all that apply.

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What does Okun's thesis suggest?

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What can be said about varieties of capitalism theory? Please select all that apply.

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Within varieties of capitalism theory, liberal market economies (LME) and coordinated market economies (CME) are distinguished. CMEs are characterized by developing a highly specialized labour force, while LMEs develop more general skills.

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Which economic phenomena led to the questioning of traditional Keynesianism?

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Conservative welfare regimes aim at securing income replacement. Payments are dependent on contribution records. Liberal welfare regimes aim at maintaining the standard of living and payments are granted regardless of employment records.

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