Long-Term Economic Weaknesses (Edexcel A-Level History): Quizzes
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10 questions from this quiz
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Practise the questions
10 questions from this quiz
What type of economy did the Soviet Union operate from 1928 until the late 1980s?
What type of economy did the Soviet Union operate from 1928 until the late 1980s?
Command economy
What was the Soviet annual growth rate in the mid-1950s compared to the United States?
What was the Soviet annual growth rate in the mid-1950s compared to the United States?
7.1% vs 2.9%
What was the Soviet Union's economic growth rate in 1980?
What was the Soviet Union's economic growth rate in 1980?
0.6 per cent
In 1970, how much richer were the wealthiest 10% compared to the poorest 10% in the USSR?
In 1970, how much richer were the wealthiest 10% compared to the poorest 10% in the USSR?
Three times wealthier
What percentage of the 400,000 tractors produced yearly in the early 1980s were never used?
What percentage of the 400,000 tractors produced yearly in the early 1980s were never used?
At least 20 per cent
In the 1960s, what % of Soviet workers were in agriculture compared to America?
In the 1960s, what % of Soviet workers were in agriculture compared to America?
25.4% vs 4.6%
What percentage of GDP did the Soviet Union spend on defence by 1985?
What percentage of GDP did the Soviet Union spend on defence by 1985?
17 per cent
What was Hayek's key argument about why planned economies would underperform market economies?
What was Hayek's key argument about why planned economies would underperform market economies?
Planners can't match market knowledge
What did Sakwa argue about the Soviet economy's long-term prospects?
What did Sakwa argue about the Soviet economy's long-term prospects?
Stagnation was unavoidable
What did Gregory argue about the Soviet economy's condition as late as 1988?
What did Gregory argue about the Soviet economy's condition as late as 1988?
It was far from collapse