Privatization Is a Way to

question 51

Multiple Choice

Privatization is a way to

• A)shrink the federal budget by selling government services or property in the private sector.
• B)reduce government costs by relocating government programs to private groups or corporations.
• C)reduce big government by doing without some of the programs it once provided.
• D)increase the government's role by purchasing private companies.

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Definitions:

Exporting

The act of selling goods or services produced in one country to another country.

Importing

The act of bringing goods or services into one country from another for sale.

Account Surpluses

Situations where a country's exports exceed its imports over a given period, leading to a positive balance of trade.

International Gold Standard

A monetary system in which the standard economic unit of account is based on a fixed quantity of gold, facilitating international trade and investment.