homework 11_1 - Econ 2005 Principles of Microeconomics Dr...

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Unformatted text preview: Econ 2005: Principles of Microeconomics Dr. Gebre Gebremariam Spring 2008 Homework 11 Due Date: Wednesday, 30 April 2008, at the end of class Choose the one alternative that best completes the statement or answers the question and blacken the circle that corresponds to your answer in the Scantron separately provided. 1) The economic policies of the Soviet Union from 1928 into the 1980s emphasized A) the private ownership of all resources. B) market- demanded prices and wages. C) a capitalist market economy. D) centralized planning, rapid industrialization, and collective agriculture. 2) The government's role in a developing country is important during the country's development process because A) many social projects are associated with the free-rider problem, which minimizes the rate of return to the private sector. B) building social overhead capital cannot be taken on by the private sector. C) building infrastructure is a huge project that only the government can undertake. D) all of the above 3) The economic system of the former Soviet Union was representative of A) centrally planned som. B) mar ket- market-based capitalism. D) cent ral- 4) E China and Japan. B) Nor th...
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homework 11_1 - Econ 2005 Principles of Microeconomics Dr...

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