A given income-expenditure diagram always assumes a variable price level

Many observers believe that the largely unregulated nature of global banking activity leaves the world financial system vulnerable to bank failure on a massive scale. Is this a real threat? If so, what measures have governments taken to reduce it?

What will be an ideal response?

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.