Several Years Ago,the Nation of Florentina Had a Government-Owned Telecommunication

question 243

Multiple Choice

Several years ago,the nation of Florentina had a government-owned telecommunication system that lagged far behind other nations.In several of its rural areas,there was only one phone for an entire village of people.Government taxes collected for the purpose of maintaining the telephone system were very meager,so the notion of expanding service was almost impossible.The government of Florentina decided to sell the phone company to a private firm.The private firm expanded rapidly.It reported that even poor consumers were willing to pay for a private phone line.This government decision and subsequent sale was:

• A)A move toward nationalism.
• B)A move toward communism.
• C)A move toward socialism.
• D)A move toward capitalism.
• E)In order to generate business growth,countries that were predominantly under a socialist system have trended toward capitalism,while countries who were predominantly capitalistic have added social and government sponsored programs.

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Definitions:

Opportunity Cost

Sacrificing potential profits from different choices upon selecting a particular option.

Medical Research

The rigorous study and investigation conducted to gain insight and gather information on fields related to medicine and healthcare to improve health outcomes.

Patent

A legal right granted by the government to an inventor, giving exclusive rights to use, make, sell, or distribute the invention for a certain period of time.

Vroom-Jago

A leadership model that focuses on decision-making processes and emphasizes the role of situational variables in determining the most effective leadership style.