Which of the Following Statements About the Privatization and Marketization

question 26

Multiple Choice

Which of the following statements about the privatization and marketization of countries transitioning from communism is accurate?

• A) Those advocating shock therapy wanted to minimize the short-term social disruptions of marketization.
• B) Inflation and hyperinflation were fears of those who advocated a gradual approach to marketization.
• C) Postcommunist countries almost universally sought to privatize by distributing firms' shares to the public as a whole.
• D) Most postcommunist countries agreed that privatization should occur and be allowed to complete its course before marketization was attempted.

---

Definitions:

Edna Bonacich

An American sociologist known for her work on ethnic and labor relations, especially concerning the economic dynamics of immigration and the exploitation within capitalist societies.

Racial Privileges

Advantages and entitlements granted to individuals based on their race, often at the expense of minority or marginalized groups, contributing to systemic inequality.

Immigrants

People who come to live permanently in a foreign country.

Ethnic Enclaves

Geographical areas or neighborhoods predominantly inhabited by people with similar ethnic backgrounds, often preserving their cultural heritage and social practices.