Advocates of a Gradualism Transition Approach from Socialism to a Market

question 32

Multiple Choice

Advocates of a gradualism transition approach from socialism to a market economy recommend

• A) moderate changes starting with the development of market institutions, the gradual decontrol of prices, and the privatization of only the cost efficient firms.
• B) continued government controls over wages forever.
• C) an immediate and total change in all economic conditions.
• D) continued government controls over prices forever.

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