Chapter 8: The Labor Market and Personal Finance – Practice Test

Test your knowledge of Chapter 8. Choose the best answer for each question. Your results will be displayed at the end.

 

Results

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#1. What type of companies are most common in the labor market in large cities?

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#2. What is the largest employer organization for private companies in Sweden called?

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#3. Which state authority ensures that debts are paid?

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#4. Approximately what proportion of the workforce in Sweden works in the private sector?

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#5. Why are housing loans often a large part of Swedes personal finances?

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#6. What is meant by personal finances (privatekonomi)?

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#7. Is it legal to work without paying tax on your salary in Sweden?

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#8. Which are the three largest trade union confederations in Sweden?

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#9. Who hires and pays salaries in the labor market?

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#10. Who must pay fees to the state for the employees pension and health insurance?

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#11. Which organizations represent the employees in the labor market?

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#12. Into which two sectors can the Swedish labor market be divided?

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#13. What is meant by the private sector in the labor market?

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#14. What are the agreements on salaries and working conditions signed by trade unions and employer organizations called?

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#15. What are two requirements to receive compensation from the unemployment fund when unemployed?

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#16. Who negotiates salaries with the employer on behalf of the employees?

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#17. What is the unemployment fund (A-kassan)?

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#18. What counts as income in personal finances?

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#19. Who determines salaries in Sweden through negotiations?

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#20. Who do the employer organizations represent?

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#21. How is the public sector funded in Sweden?

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#22. Which of the following are examples of state grants and social insurances?

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#23. Who are the two main parties in the labor market?

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#24. Which of the following professions belong to the public sector?

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#25. Why are there laws in the labor market regarding things like working hours and vacations?

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