Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
Why is decision making in urban finance inevitable?
Why is decision making in urban finance inevitable?
- Because of the competing ends offering different advantages
- Because of the application of limited resources (correct)
- Because of the unlimited wants
- Because of the scarcity of resources
What are the two institutions of the economy mentioned in the text?
What are the two institutions of the economy mentioned in the text?
- Economy and Government
- Market and State (correct)
- Private and Public
- Market and Public
Why is the urban public sector required, according to the text?
Why is the urban public sector required, according to the text?
- Because of the failure of market mechanism (correct)
- Because of the government direction
- Because of the invisible hand of market forces
- Because of the substantial part of the economy
What should the division of economic activities between the market and the state be based on, according to the text?
What should the division of economic activities between the market and the state be based on, according to the text?
Signup and view all the answers
What is the eternal problem mentioned in the text?
What is the eternal problem mentioned in the text?
Signup and view all the answers
Flashcards are hidden until you start studying
