Privatization and Deregulation Trends Have Resulted in All of the Following

question 38

Multiple Choice

Privatization and deregulation trends have resulted in all of the following except:

• A) Many formerly nationalized firms have 'gone international'
• B) Many national infrastructure industries are now very competitive sectors
• C) The transition from state-owned enterprise to private sector competitor has been easy to achieve

Identify cultural variances in the manifestation of psychological disorders.

Acknowledge the role of genetics and brain chemistry in mood and eating disorders.

Distinguish between different mood disorders and their treatments.

Understand the characteristics and symptoms of eating disorders.

---

Definitions:

Price Remains The Same

A condition where the cost of a good or service does not change over a period of time.

Substitution Bias

Substitution bias occurs in inflation measurement and refers to the tendency of consumers to change their purchasing habits away from goods that have increased in price to cheaper alternatives, which is not always fully captured by price indexes.

CPI

The Consumer Price Index, which measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

Consumer Substitution

The tendency of consumers to switch from one good to another in response to changes in relative prices, keeping their level of satisfaction or utility constant.