Urban Finance Fundamentals Quiz
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Questions and Answers

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?

  • Economy and Government
  • Market and State (correct)
  • Private and Public
  • Market and Public

    • 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?

    <p>Socio-economic objectives</p> Signup and view all the answers

    What is the eternal problem mentioned in the text?

    <p>Scarcity of resources</p> Signup and view all the answers

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