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.
Concept of Illness by Children
Nursing Concept
Photosynthesis Concept Map
Freedom House is a nonprofit institution that uses several different factors to rank countries based
Louis H. Sullivan, Bayard-Condict Building (detail), New York.
VALUATION CONCEPT & METHODOLOGIES