Question 1
Economists use the term "market failure" to refer to those free-market situations where
◦ externalities do not exist in the economy.
◦ the economy is not in equilibrium.
◦ income is not distributed equitably.
◦ allocatively efficient outcomes are not achieved.
◦ government has intervened in the economy.
Question 2
The concept of "institution building"
is becoming more prominent. Which of the following best describes the aim of institution building?
◦ Canada's aid to developing countries is being focused on creating the economic institutions, such as a central bank, that are key to a country's economic growth.
◦ The rich, developed countries focus their assistance to developing countries on creating stable political infrastructures.
◦ In Canada, for example, the strengthening of existing financial institutions is key to the country's economic well-being.
◦ The rich, developed countries focus on the success of institutions that are global in nature, such as the United Nations, The World Bank and the International Monetary Fund.
Gram + Cocci Concept Map
Kreutz Sungrazers (SOHO-54 & 55) with prominent tails, as seen by SOHO on June 1 and 2, 1998.
Teresa Hubbard and Alexander Birchler, Detached Building.
Structure of a Fatty Acid Fatty acids are the building blocks of some lipids
VALUATION CONCEPT & METHODOLOGIES
Mole concept