In Their Book,Daniel Yergin and Joseph Stanislaw Wrote "It Is

question 88

Multiple Choice

In their book,Daniel Yergin and Joseph Stanislaw wrote "It is the greatest sale in the history of the world.Governments are getting out of businesses by disposing of what amounts to trillions of dollars of assets.Everything is going-from steel plants and phone companies ...to hotels,restaurants,and nightclubs." This is an indication of:

• A) the fact that governments can make more money by selling assets.
• B) privatization is becoming a driving force for global marketing.
• C) these businesses are considered as closed markets.
• D) foreign companies are competing with governments.
• E) there is less demand for these type of companies.

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Definitions:

United States

A country in North America comprised of 50 states and a federal district, known for its substantial influence in global economic, political, and cultural matters.

Price Ceiling

A regulation that sets the maximum allowable price for a good or service to prevent prices from rising above a certain level.

Shortage

A market condition where the demand for a product exceeds the supply available at a specific price.

Minimum Wages

The lowest legal hourly pay that employers can offer to workers, intended to protect employees from unduly low earnings.