Which of the Following Is Correct with Respect to Privatization

question 215

Multiple Choice

Which of the following is correct with respect to privatization and deregulation?

• A) Deregulation yields higher economic performance than privatization.
• B) Privatization only works in socialist countries.
• C) Privatization means converting companies that are in financial trouble into government-controlled organizations.
• D) The trend toward both privatization and deregulation slowed somewhat after the financial crisis of 2008.
• E) They mean essentially the same thing.

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Definitions:

Marginal Product of Labor

The additional output a firm gains from employing one more unit of labor, holding all other inputs constant.

Value of Marginal Product

The additional revenue generated by employing one more unit of a factor of production, keeping other factors constant.

Bottled Water

Drinking water packaged in plastic or glass bottles, often purified and sold as a convenient and portable alternative to tap water.

Terracotta Sarcophagi

Ceramic coffins used in ancient times, particularly by the Etruscans, often elaborately decorated to honor the deceased.