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Questions and Answers
What is the term used to describe the extraction of bank profits through direct transfers of personal revenue?
What is the term used to describe the extraction of bank profits through direct transfers of personal revenue?
- Economic subjugation
- Financial exploitation
- Capitalist coercion
- Financial expropriation (correct)
What contributed to the deindustrialization in the North, according to the text?
What contributed to the deindustrialization in the North, according to the text?
- The rise of automation in manufacturing
- The implementation of protectionist trade policies
- The relocation of production to the Global South (correct)
- The shift towards a service-based economy
What is the term used to describe the potential crisis of overproduction in the 1970s?
What is the term used to describe the potential crisis of overproduction in the 1970s?
- Abundance problem (correct)
- Surplus production dilemma
- Glut predicament
- Overcapacity conundrum
How was the 'abundance problem' solved, at least in the short-term, according to the text?
How was the 'abundance problem' solved, at least in the short-term, according to the text?
What is the term used in the text to describe the integration of financial markets globally?
What is the term used in the text to describe the integration of financial markets globally?
What is a collateralized debt obligation (CDO)?
What is a collateralized debt obligation (CDO)?
What is a subprime mortgage?
What is a subprime mortgage?
What is the credit crunch crisis?
What is the credit crunch crisis?
What is the sovereign debt crisis?
What is the sovereign debt crisis?
What is the term used to describe the stagnation of real wages in the West since the 1970s?
What is the term used to describe the stagnation of real wages in the West since the 1970s?
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