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Economy and Labor in Spain Flashcards

6 cards from real CCSE practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 6 Economy and Labor in Spain flashcards as text

  1. What is Spain's main stock exchange called?

    Answer: Bolsa de Madrid (Bolsas y Mercados Españoles)

    The Bolsa de Madrid, part of Bolsas y Mercados Españoles (BME), is Spain's principal stock exchange and one of the largest in Europe.

  2. Which sector has historically been one of the largest contributors to Spain's economy?

    Answer: Tourism

    Tourism is one of Spain's most important economic sectors, contributing significantly to GDP and employment.

  3. What is the 'Seguridad Social' in Spain?

    Answer: The public social security system covering health, pensions, and unemployment

    Seguridad Social is Spain's public social security system that provides healthcare, retirement pensions, unemployment benefits, and other protections.

  4. What does 'autónomo' mean in the Spanish labor context?

    Answer: A self-employed or freelance worker

    An autónomo is a self-employed person in Spain who registers independently with Social Security and pays their own contributions.

  5. Which body negotiates collective labor agreements (convenios colectivos) in Spain?

    Answer: Trade unions and employer associations

    Convenios colectivos are negotiated between trade unions representing workers and employer associations to set wages and working conditions by sector.

  6. What is Spain's IRPF?

    Answer: Impuesto sobre la Renta de las Personas Físicas — personal income tax

    IRPF (Impuesto sobre la Renta de las Personas Físicas) is Spain's personal income tax, which workers must file annually.

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