Which of the following is most likely to be implemented by a country as a part of deregulation?
A)prohibition of private enterprises from operating in certain sectors
B)commitment toward communism
C)removal of price controls
D)centrally planned economic system
E)increased restrictions on foreign direct investment

Question

Quizplus · Accepted Answer

Deregulation involves the removal or reduction of government regulations and control over industries and sectors. Therefore, removing price controls would be the most likely action taken by a country as a part of deregulation. This would allow market forces to determine the price of goods and services based on supply and demand. Prohibiting private enterprises or increasing restrictions on foreign direct investment would be contradictory to the goals of deregulation. Commitment toward communism or a centrally planned economic system would involve increased government control and regulation.

Which of the Following Is Most Likely to Be Implemented