Economics MCQs

A. Centralized firms
B. Government oligopolies
C. Market economies
D. Public enterprises

I. Changing part of a public enterpris’s ownership to the private sector
Ii. liberalization of entry into activities previously restricted to the public sector
Iii. two infant industries merging into a monopoly
Iv. franchising or contracting public services or leasing public assets to the private sector

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

A. Special economic zones
B. Liberalized trade monopoly zones
C. Economic union zones
D. Communist free trade areas

A. Produced by the three largest firms in the industry
B. Produced in cement, machine tools and steel industries
C. And labor intensities relative to labor productivity
D. As a percentage of production and marketing

I. Borrow overseas
Ii. increase trade restrictions and exchange controls
Iii. undertake expansionary monetary and fiscal policies
Iv. undertake expenditure-reducing policies

A. Contractionary monetary and fiscal policies
B. Currency devaluation
C. Long-run institutional and structural economic change
D. Short term-adjustment with a human face

A. S – i = x = m
B. S + i = x + m
C. S = i – (x+m)
D. S-i = x/m

A. Gosplan
B. Gosagroprom
C. Nomenklatura system
D. Parastatals

A. U.s
B. Oecd
C. Imf
D. Opec