Which of the following is most likely to indicate that the nation of Erbia has adopted deregulation?
A)The Erbian government exercises tight control over the prices of food grains.
B)The establishment of private enterprises in steel industry is prohibited by the Erbian government.
C)The retail sector in Erbia has been opened for foreign direct investment.
D)The Erbian government has been criticized for its inability to introduce a legal system to safeguard property rights.
E)Erbia ranks the lowest among the countries that grant both political and economic freedoms to its citizens.

Question

Quizplus · Accepted Answer

Deregulation refers to the removal of government regulations on businesses and industries, and the opening up of markets to competition. Option C indicates that the Erbian government has opened up the retail sector for foreign direct investment, which suggests a move towards deregulation. Options A and B indicate government control and regulation, while options D and E suggest a lack of progress towards economic liberalization.

Which of the Following Is Most Likely to Indicate That