Between 1988 and 1994, PRI Presidents Introduced a Series of Reforms

question 30

Multiple Choice

Between 1988 and 1994, PRI presidents introduced a series of reforms to liberalize the economy t o end the country's traditional import substitution industrialization policy. Which of the following was NOT such a reform?

• A) The privatization of many state enterprises
• B) Deregulation of the private sector
• C) The division of ejidos into individually owned plots of land
• D) Mexican membership in NAFTA
• E) The strengthening of Mexican federal system to give more authority to Mexico's traditionally weak central government to promote economic development

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Definitions:

Consumption Behavior

Consumption behavior refers to the decision-making process and patterns through which consumers choose how to allocate their resources towards various goods and services.

Noncash Gifts

Items of value given to someone without the exchange of cash, often used in the context of philanthropy or gifts in kind.

Recipient Utility

relates to the satisfaction or happiness a person receives from consuming a good or service, emphasizing individual subjective value assessments.

Cash Gift

An amount of money given without the expectation of return; often presented during special occasions as a present.