Which of the Following Time Frames Is Associated with a Long-Term

question 4

Multiple Choice

Which of the following time frames is associated with a long-term horizon?

• A)2-7
• B)10-20
• C)2-4
• D)4-10
• E)15-35

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Definitions:

Privatization

The transfer of ownership and management of enterprises from the public sector (government) to private individuals or organizations.

Command Economy

An economic system where the government has primary control over the production and distribution of goods and services.

Market Economy

An economic system where the prices of goods and services are determined in a free price system, primarily through supply and demand.

Nationalization

The process by which governments take private assets into public ownership, usually key industries or resources.