Quiz6_answers

Quiz6_answers - Economic Development Market Reforms and...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Economic Development Market Reforms and Privatization Quiz 5 1. The essence of a big bang approach to economic reform is a. Letting economic conditions get so bad that reforms are welcomed as a relief. b. Imposing high tax rates to finance government expenditures. c. Instituting the full range of structural and stabilization reforms over a short period of time. d. Restoring growth through heavy military spending. Correct answer: C 2. Centrally planned economies often suffer from a. Chronic shortages b. Low quality products c. Input hoarding d. All of the above Correct answer: D 3. The former Soviet economic system was a. Quite effective at supplying consumer goods. b. Well suited to rapid and massive restructuring of industry, as occurred prior to World War II. c. Built on the premise that markets could operate only in agriculture, where competition ensured efficiency. d. Notable for its excellent record in raising factor productivity. Correct answer: B
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/29/2012 for the course ECON 445 taught by Professor Mcmanus during the Fall '08 term at UNC.

Page1 / 3

Quiz6_answers - Economic Development Market Reforms and...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online