Which of the Following Statements Is True About Privatization

question 98

Multiple Choice

Which of the following statements is true about privatization?

• A)The privatization movement started in China in the early 1980s.
• B)Privatization involves replacing a state-owned monopoly with a private monopoly.
• C)For privatization to become successful,countries should adopt communism.
• D)When newly privatized firms are extensively protected from foreign competition,they have little incentive to restructure their operations to become more efficient.
• E)In today's context,a country runs the risk of experiencing a serious economic crisis if it liberalizes and privatizes state-owned enterprises.

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Definitions:

Hydroboration

A chemical reaction that adds boron and hydrogen across the double bond of alkenes to form organoboranes, a helpful intermediate in organic synthesis.

Alkene

Hydrocarbons that contain at least one carbon-carbon double bond, involved in various organic reactions.

Products

Substances resulting from a chemical reaction, found on the right side of the chemical equation.

Ozonolysis-Reduction

A chemical reaction where a carbon-carbon double bond is cleaved by ozone, forming ozonides, which are then reduced to yield alcohols, aldehydes, or ketones.