The Leaders of the Reforms in the Countries That Turned

question 61

Multiple Choice

The leaders of the reforms in the countries that turned from government-run economies to market economies were told by their economic advisers to watch the price of eggs,not the heavy industries such as power generation and oil refining,because:

• A)eggs are the cheapest commodities that people consume.
• B)people like to eat eggs.
• C)eggs have many different nutrients that people need.
• D)they anticipated that the market for eggs would be the quickest to emerge.
• E)the market for eggs can be easily controlled by the government.

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Definitions:

Premium

The amount by which the price of a financial instrument, such as an insurance policy or bond, exceeds its face value or nominal cost.

NAV

Net Asset Value; the total value of a fund's assets minus its liabilities, often used in the context of mutual funds.

Closed-End Mutual Funds

Investment funds with a fixed number of shares that are traded on stock exchanges, unlike open-end funds which do not have a fixed number of shares.

NAV

Net Asset Value, representing the per-share/unit price of a fund on a specific date or time.