The government's role in a developing country is important during the country's development process because building social overhead capital
A. cannot be taken on by the private sector.
B. can only be financed by the private sector.
C. can only be achieved in a developing country.
D. requires a joint venture between the public and private sectors.
Answer: A
You might also like to view...
Perfect competition is a market structure
A) in which any firm would have serious impediments to entry or exit. B) in which individual buyers and sellers have no effect on the market price. C) resulting from individual firms selling highly differentiated products. D) where there is significant regulation and markets are always efficient.
Assume that the reserve requirement is 25 percent and that the amount of checkable deposits in Federal Bank is $200 . If the bank has loaned out $120, then the bank's excess reserves must equal:
a. $0. b. $25. c. $30. d. $80. e. $225.