Spain's Economy: Checkpoint 1

Quick checkpoint - five questions on Spain's economy, the 1959 plan, EU entry, the housing bubble and unemployment.

Quick checkpoint - five questions on Spain’s economy, the 1959 plan, EU entry, the housing bubble and unemployment.

Question 1 of 5 What is a persistent weakness of Spain's economy?

High unemployment No tourism No exports Deflation

It has been among the EU's highest.

Question 2 of 5 What did the 1959 Stabilisation Plan do?

Opened Spain's economy Closed borders Created the euro Banned tourism

It ended autarky.

Question 3 of 5 When did Spain join the European Community?

1986 1959 2004 1975

EU funds built motorways and rail.

Question 4 of 5 What fuelled Spain's housing bubble?

Cheap euro credit High interest rates Oil money Tourism taxes

The bust began in 2008.

Question 5 of 5 What was Spain's dual labour market problem?

Young people stuck on temporary contracts Two currencies Two capitals Too many permanent jobs for youth

Temporary workers were cut first.

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