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:

Deviant

Behaving or straying from the accepted norms or standards of a society or group.

Expulsion

The act of being forced out or ejected from a place, group, or institution.

Hold The Family Together

The effort to maintain family unity and function, often in the face of challenges or adversity.

Bad Apple Effect

The impact of one negative individual or element on the collective behavior or morale of a group, often leading to widespread negativity or dysfunction.