A. banks were unable to function
B. there was little corporate control
C. vital infrastructure was missing
D. All of the above
Related Mcqs:
- A critic of “Shock therapy” to transition economies. Vladamir Popov, contends that shock therapists put a heavy emphasis on ?
A. introducing the reform package at once to ensure that it became too late and costly to reverse the reforms
B. agricultural reform rather than industrial reforms to overcome food insecurity
C. the creation of a small-scale private sector ans small independent banks
D. attempts to gradually remake institutions - Which situation will a country face, if the birth rate falls sharply, while the death rate remains unchanged ?
A. a fall in living standards
B. a more youthful population
C. an ageing population
D. an increase in population - If a firm is not operating at the output necessary to achieve all scale economies, it has not achieved its ?
A. Efficient scale
B. Average efficient scale
C. Maximum efficient scale
D. Minimum efficient scale - Between 1990 and 1999 car ownership per thousand of the population fell in ?
A. Spain
B. Belgium
C. USA
D. UK - Higher export demand __________ output and a higher MPZ __________ output?
A. reduces, reduces
B. reduces, increase
C. increase, reduces
D. increases, increases - Short-run equilibrium output means that aggregate demand __________ actual output?
A. is less than
B. equals
C. is greater than
D. fluctuates around - An upward shift in marginal cost _____ output and an upward shift in marginal revenue ______ output?
A. reduces; reduces
B. reduces; increases
C. increases; increases
D. increases; reduces - Engineers for the All-Terrain Bike Company have determined that a 15% increase in all inputs will cause a 15% increase in output Assuming that input prices remain constant, you correctly deduce that such a change will cause ________ as output increases?
A. average costs to remain constant
B. average costs to decrease
C. average costs to increase
D. marginal costs to increase - Assume that firms in an oligopoly are currently colluding to set price and output to maximise total industry profit. If the oligopolists are forced to stop colluding, the price charged by the oligopolists will _________ and the total output produced will __________?
A. decrease; decrease
B. increase; decrease
C. decrease; increase
D. increase; increase - Suppose Handel’s Ice Cream experiences economies of scale up to a certain point and diseconomies of scale beyond that point. Its long-run average cost curve is most likely to be ?
A. downward sloping to the right
B. U-shaped
C. Horizontal
D. upward sloping to the right
