Here are the answers with discussion for this Weekend’s Quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterday then have a go at it before you read the answers. I hope this helps you develop an understanding of Modern…
The Weekend Quiz – January 16, 2016
Welcome to The Weekend Quiz, which used to be known as the Saturday Quiz! The quiz tests whether you have been paying attention over the last seven days. See how you go with the following questions. Your results are only known to you and no records are retained.
Quiz #356
- 1. When the government matches an increase in deficit spending with debt issued to the private sector, the growth in aggregate demand is less than would be the case if the government didn't borrow at all.
- True
- False
- 2. If the central bank regulated that banks have to hold reserve equivalent to their outstanding loans this would restrict lending.
- True
- False
- 3. In the context of population ageing, the fact that a sovereign government is never financially constrained means that it can always provide first-class health care to its citizens should the political circumstances permit.
- True
- False
Sorry, quiz 356 is now closed.
You can find the answers and discussion here
Easiest quiz yet Bill
100% last week but only 66% this week -fell down on the last question due to over simplistic thinking!
What factors did I miss?
1) Availability of resources as a limiting factor? (training/materials)
2) The restraint of inflation?
3) The ageing population (given no fresh immigration) causing a shortage of trained labour force?
Probably missed something more technical?
Simonsky:
Yes, 1).
The resources must be available for purchase, thus personnel and facilities . This requires the society to be productive enough to be able to provide these resources in addition to basic needs, food, clothing and shelter.
Well, like Simonsky, I too answered true for the third question. “First class” is relative. I gave it to mean ” the best money can buy at the present time “. So, I am giving myself a score of 100% . (lol)
And Mark, I hope I get to your level soon, because as a newbie, this quiz was not that easy for me.
I answered true for question three also but as pointed out by Simonsky and Jim Palmer I now realise real resource limitations need to be considered.
Mark:
Try the 2010 series, particularly from about April onwards.
A third option of ‘maybe’ was added at some point in 2010 and it can throw a spanner in the works sometimes.