In Their Book, Daniel Yergin and Joseph Stanislaw Wrote "Governments

question 11

Multiple Choice

In their book, Daniel Yergin and Joseph Stanislaw wrote "Governments are getting out of businesses by disposing of what amounts to trillions of dollars of assets. Everything is going-from steel plants and phone companies . . . to hotels, restaurants, and nightclubs." This is an indication of:

• A)the fact that governments can make more money by selling assets.
• B)privatization is becoming a driving force for global marketing.
• C)these businesses are considered as closed markets.
• D)foreign companies are competing with governments.
• E)there is less demand for these type of companies.

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Definitions:

Inequities

Unfair, avoidable differences in treatment or opportunities across individuals or groups.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level in a given period.

Equilibrium Price

The cost at which the amount of products offered matches the amount of products requested.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price over a certain period of time.