The Nordic Economies: Checkpoint 1

Quick checkpoint - five questions on the nordic economies.

Question 1 of 5 What does Danish 'flexicurity' combine?

Easy hiring and firing with generous benefits and retraining Fixed jobs for life Cash-only pay No unions and no benefits

It protects workers, not jobs.

Question 2 of 5 How does Norway spend its oil fund?

Everything at once It gives it all to banks Only about 3% a year, saving the rest Only on roads

A fiscal rule limits spending.

Question 3 of 5 Which company drove Finland's growth in the 1990s and 2000s?

Nokia Spotify Volvo IKEA

Its handset business was sold in 2014.

Question 4 of 5 Roughly what share of GDP is tax in big Nordic economies?

40 to 45 per cent 5 per cent 10 per cent 90 per cent

Broad taxes fund services.

Question 5 of 5 Which Nordic country introduced school vouchers in the 1990s?

Sweden Iceland only Norway only Finland only

Results were mixed.

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