POLITICAL ECONOMY 310 FINAL EXAM PLEASE ANSWER TWO QUESTIONS

  1. The text categorizes the United States and Great Britain as “liberal market economies”. It categorizes Germany and Japan as “coordinated market economies.” What do those two categories mean? What are the features of the different groups of nations that have categorized them differently? This categorization was made before 2010. Would the categorizations be accurate today? Why/why not. Be sure to consider the distribution of political power at the federal level in the US when giving your answer.
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