Which of the following actions of the government indicates the privatization of an industry?
A) allowing private businesses to operate in an industry that was previously operated by the government
B) discouraging private business to operate in an industry that is critical for the growth of the economy
C) acquiring the market leader to gain control of the industry and its resources
D) imposing taxes on scarce raw materials to discourage unfair pricing by its suppliers
E) imposing regulations on multinational businesses to protect local businesses

Question

Quizplus · Accepted Answer

A)Governments can change the structure of the economy by nationalizing-assuming ownership of-selected companies or, in extreme cases, even entire industries. They can also move in the opposite direction, privatizing services once performed by the government by allowing private businesses to perform them instead.
B)Governments can change the structure of the economy by nationalizing-assuming ownership of-selected companies or, in extreme cases, even entire industries. They can also move in the opposite direction, privatizing services once performed by the government by allowing private businesses to perform them instead.
C)Governments can change the structure of the economy by nationalizing-assuming ownership of-selected companies or, in extreme cases, even entire industries. They can also move in the opposite direction, privatizing services once performed by the government by allowing private businesses to perform them instead.
D)Governments can change the structure of the economy by nationalizing-assuming ownership of-selected companies or, in extreme cases, even entire industries. They can also move in the opposite direction, privatizing services once performed by the government by allowing private businesses to perform them instead.
E)Governments can change the structure of the economy by nationalizing-assuming ownership of-selected companies or, in extreme cases, even entire industries. They can also move in the opposite direction, privatizing services once performed by the government by allowing private businesses to perform them instead.

Which of the Following Actions of the Government Indicates the Privatization