Privatization Refers To

question 107

Multiple Choice

Privatization refers to:

• A) the selling of state-owned enterprises to private investors
• B) the selling of public corporations to private investors
• C) guarding company secrets from the general public
• D) transferring political power from the government to private citizens
• E) reducing regulation of private business

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Definitions:

Money Income

The total amount of monetary earnings received by an individual or household, including wages, salaries, benefits, and other income sources.

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, reflecting their preferences for combinations of goods.

Utility

A measure of satisfaction or benefit that consumers receive from consuming goods and services.

Equilibrium Position

The state in which market supply and demand balance each other, resulting in stable prices and quantities.