VWO / HAVO Centraal Examen (Netherlands) · Economics

International Economics, Eurozone and Public Finance

10 practice questions, each with the answer and an explanation.

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Random questions from this topic, one at a time. You see the answer and the explanation straight after each one.

All 10 questions

  1. According to David Ricardo's theory of comparative advantage (comparatieve kostenvoordelen), when should two nations engage in international trade?
  2. What are the two core fiscal criteria set out in the European Union Stability and Growth Pact (Maastricht criteria) for member states?
  3. What constitutes the current account of the balance of payments (lopende rekening van de betalingsbalans)?
  4. What is the primary economic consequence of a depreciation of the euro against the US dollar for an export-oriented economy like the Netherlands?
  5. What is the economic rationale behind government protectionist tariffs (invoerrechten) on foreign imports?
  6. What does Robert Mundell's theory of Optimum Currency Areas (OCA) suggest is necessary for a currency union like the eurozone to function smoothly without independent exchange rates?
  7. What is meant by the 'Dutch disease' (Hollandse ziekte) in international economics?
  8. What role does the Centraal Planbureau (CPB) play in Dutch economic policy-making?
  9. What is the primary difference between a progressive income tax system (progressief belastingstelsel) and a proportional tax system (vlaktaks)?
  10. How does the 'Polder model' (poldermodel) characterize socio-economic decision-making in the Netherlands?

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