The government of Puritania has begun a program to restructure of the economy, with a goal of moving toward a more market-oriented system. Which of the following is LEAST likely to occur as the result of this restructuring?
A) cuts in social programs such as free or low-cost healthcare
B) a rise in social unrest as citizens try to adjust to the economic reforms
C) slower rates of economic growth and lower standards of living for the majority of citizens
D) privatization of formerly government-owned enterprises

Question

Quizplus · Accepted Answer

Moving towards a more market-oriented system typically aims to increase efficiency, competition, and innovation, which can lead to faster economic growth and potentially higher standards of living over time. Cuts in social programs, social unrest, and privatization are common effects of such restructuring, but slower economic growth and lower standards of living are not the intended outcomes and are less likely compared to the other options.

The Government of Puritania Has Begun a Program to Restructure