Question 1
Which of the following was a major determinant of the early industrial regions of Europe?
◦ availability of coal
◦ a large labor force
◦ access to banking and finance
◦ mild climate
◦ isolation from war-torn regions of the continent
Question 2
Which of the following was a prime factor for the economic collapse in Eastern Europe immediately following the end of the Cold War?
◦ the removal of Soviet troops translated into a major loss of revenue from soldiers spending their paychecks in the local economy
◦ the markets of Western Europe stopped buying products from Eastern European nations
◦ the nations of Eastern Europe were forced to pay back massive loans which they had taken out from Germany, France and England
◦ the devastation of bombing from the Cold War between 1945-1989 had reduced Eastern Europe into ruins
◦ the loss of subsidized natural gas and oil from the Soviet Union coupled with the collapse of Soviet markets made it impossible for Eastern European industries to operate and compete
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economic question (having trouble)