What Is the Logic Behind Giving the Minister of Finance

question 15

Multiple Choice

What is the logic behind giving the minister of finance almost exclusive control over the budget?

• A) Caucus members would only complicate the process.
• B) The finance minister usually has a background and education in economics.
• C) Cabinet ministers are self-interested and do not make decisions that are objectively beneficial to the whole country
• D) The finance minister earns the trust of the prime minister.

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Definitions:

Pay-as-you-go

A pricing model where customers only pay for the resources or services they use, avoiding upfront costs and allowing for flexible budget management.

Grid Computing

A technology that connects geographically dispersed computers to create a virtual supercomputer for processing intensive tasks.

Utility Computing

A service provisioning model in which computing resources are provided and billed like traditional utilities such as electricity.

Variable Rate

An interest rate that can change over the duration of a loan, typically based on underlying benchmarks or indexes affecting the cost of lending.