Many Economies in Central and Eastern Europe,including the Countries of the Former

question 41

Multiple Choice

Many economies in central and Eastern Europe,including the countries of the former Soviet Union,are still in the process of moving from a command economy to a market economy.In the first years of this transition,most of these countries experienced sharp drops in output and reductions in living standards.Economists generally see this as

• A)the failure of the market system.
• B)the triumph of capitalism over communism.
• C)an indication of the extreme difficulty of transition from one type of economic system to another.
• D)an indication that these economies should return to being command economies.
• E)the difficulty of corruption in non-market economies.

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Definitions:

Organization

A structured group of people working together towards a common goal, which could be corporate, governmental, or non-profit in nature.

Organizational Culture

The system of shared beliefs and values that guides behaviour in organizations.

Visitor

An individual who comes to a place or attends an event for a brief period, often for purposes such as tourism, business, or leisure.

Corporate Culture

The shared values, attitudes, standards, and beliefs that characterize members of an organization and define its nature.