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

question 51

Multiple Choice

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

• A) Privatizing the oil industry
• B) Deregulation that made the private sector less reason to seek special favors from the government
• C) A constitutional change that permitted ejidoritos to become owners of individual plots of land
• D) Delegating more authority and resources to state and local governments
• E) All of the above are examples of such reforms.

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Definitions:

Profit Maximizes

A strategy or approach focused on increasing the difference between total revenue and total cost to the highest possible level.

Private Ownership

Private ownership denotes the legal right of individuals or entities to own property or businesses, as opposed to ownership by the government or public bodies.

Public Ownership

The state or condition where assets are owned by the government or a public entity, rather than by private individuals or companies.

Antitrust Laws

Legislation enacted to prevent new monopolies from forming and police those that already exist to protect consumers from predatory business practices.