The View That Private Ownership Is Superior to State Ownership

question 68

Multiple Choice

The view that private ownership is superior to state ownership in economic policy making is known as the:

• A)​Beijing Consensus.
• B)​Washington Consensus.
• C) ​Moral hazard.
• D) ​Stewardship theory.

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Definitions:

Watson

Watson refers to James Watson, an American molecular biologist, geneticist, and zoologist, best known as one of the co-discoverers of the structure of DNA in 1953 alongside Francis Crick.

Amino Acids

Fundamental components of proteins, each containing an amino group, a carboxylic acid group, and a unique side chain.

Double Helix

The structure of DNA, which consists of two antiparallel polynucleotide chains twisted around each other.

Polymer

is a chemical compound or mixture of compounds formed by polymerization and consisting essentially of repeating structural units.