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Classify the economy on the basis of ownership of enterprises. These Public Administration Quiz objective type questions with answers are very important … Handbook of Public Information Systems, Second Edition, edited by G. David Garson 112. Chapter 04. What did The Weeknd mean in his lyric "bring the 707 out"? Economics Interview Questions and Answers are for your preparation of Economics jobs. 14 Multiple Choice Questions (MCQs) With Answers on Money, Banking and Public Finance. Introducing the Theory of the Firm. Answer : Prices tend to move up mainly due to increase in the supply of money, demand and cost of production. The exam consists of five (5) questions. 1. (d) Public investment in agriculture sector especially in infrastructure which includes irrigation, power, roads, market linkages and research has been reduced in the reform period. What is the opportunity cost of going to college? Why are animals so friendly to capybaras. Question 2. Who has the ownership of the assets in the public sector? There is much more disagreement among economists over positive economic analysis than over normative economic analysis. The general definition of the public sector includes government ownership or control rather than mere function and thereby includes, for example, the exercise of public authority or the … Government spendingNew government spending is an injection into an economy, and, like all injections, it will have a multiplier effect on national income.Governments spend money for three main reasons:Most government spending is to compensate for market failures, such as providing public goods like street-lighting, policing and defence. 20. […] Save. Chapter 08. 1. You can change your ad preferences anytime. Chapter 02. It is a known fact that the water that people can drink and use has considerably lessened over the past years. What is the classic example of paradox of value? 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