A Trend That Has Been Reinforced by Many Developing Countries

question 42

Multiple Choice

A trend that has been reinforced by many developing countries is privatization. Privatization refers to

• A) purchasing large companies and turning them into state-owned enterprises.
• B) investing government money in large, privately-owned companies.
• C) exchanging bonds for shares in state-owned enterprises.
• D) selling large state-owned enterprises to private owners in the financial sector.
• E) selling large state-owned enterprises to private owners in key areas such as electricity, telecommunications, or petroleum.

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Definitions:

Palladian Villas

Architectural designs inspired by the Venetian architect Andrea Palladio, characterized by classical forms and symmetry, mainly found in the Veneto region of Italy.

Neoclassical Architecture

An architectural style derived from the classical art and culture of Ancient Greece and Rome, characterized by simplicity, symmetry, and grandeur.

Thomas Jefferson

An American Founding Father, the principal author of the Declaration of Independence, and the third President of the United States, also known for his contributions to architecture.

Neoclassical Artworks

Refers to art inspired by the ancient Greek and Roman styles, characterized by harmony, simplicity, and proportion, popular in the late 18th and early 19th centuries.