Which of the Following Is NOT True of Russia as It

question 33

Multiple Choice

Which of the following is NOT true of Russia as it moves forward with its transition to a market economy?

• A) Managerial talent needs to be fostered.
• B) The country needs tax revenue to establish the institutions essential to the functioning of a market economy.
• C) The country can consider its battle to wipe out organized crime a success.
• D) Political instability remains a threat.

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Definitions:

Opportunity Costs

The cost of forgoing the next best alternative when making a decision or choosing to do one thing over another.

Tax Rebate

A refund on taxes when the tax liability is less than the taxes paid.

Digital Camera

An electronic device that captures and stores photographs in digital form, allowing them to be viewed, transferred, or printed.

Comparative Advantage

The capacity of a party to generate a product or service with a smaller opportunity cost compared to its rivals.