Which of the following steps is most likely to be involved in the deregulation of an economy?
A)increasing restrictions on direct investment by foreign enterprises and international trade
B)privatizing state-owned enterprises
C)exercising a high degree of state control over production and pricing
D)abolishing laws related to the protection of property rights
E)opposing democracy by adopting communism

Question

Quizplus · Accepted Answer

Deregulation involves reducing or eliminating government control over certain industries, and privatization is a common way to achieve this. By selling off state-owned enterprises to private investors, the government is reducing its control over those industries and allowing the market to function more freely. The other options listed would not be consistent with deregulation.

Which of the Following Steps Is Most Likely to Be