One Method of Privatization Used by Command Socialist Economies in the Transition

question 114

Multiple Choice

One method of privatization used by command socialist economies in the transition to free markets is to:

• A) establish a system of money and capital markets.
• B) allow the central bank to regulate the money supply.
• C) give away ownership shares for all government property.
• D) sell domestic currency on the foreign exchange market.

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Definitions:

Poach Talent

The practice of directly attracting and hiring employees from competing firms, often considered unethical due to potential conflicts of interest.

Job Benefits

Non-wage compensations provided to employees in addition to their normal wages or salaries, such as health insurance, paid vacation, and retirement plans.