All of the following were features of the financial crisis of 2008 except one. Which ONE is the exception?
The World Bank is an international financial institution, controlled by governments, that lends money to developing nations to allow them to afford to build infrastructure and industries that will enable them to become richer countries over the following decades.
Identify the function being performed by the World Bank.
Financial intermediation is the process by which
Which of the following are known as automatic stabilizers because they tend to reduce the fluctuations in economic activity associated with the business cycle?
(i). Progressive income taxes
(ii). Unemployment benefits
(iii). Means-tested welfare benefits
(iv). Regressive taxation
A promoter has arranged a large outdoor concert. All the costs are fixed and there are no variable costs associated with the number of spectators attending.
Which of the following statements about the profit maximizing price is FALSE?
All of the following are advantages of a system of floating (flexible) exchange rates except one. Which ONE is the exception?
All of the following are functions of a central bank except one. Which ONE is the exception?
In a system of freely floating exchange rates the central bank and government will
Which of the following might justify a policy of privatization by the government?
(i). Privatization inevitably reduces monopoly power and exploitation in the economy
(ii). Privatization may be expected to increase the efficiency and competitiveness of the economy
(iii). Revenue raised from privatization can reduce the public sector borrowing requirement
(iv). Privatization helps to promote an enterprise culture amongst the population
Diseconomies of scale
