Which of the following statements is true about privatization?
A)Developing nations have the highest rate of privatization.
B)The leading privatizers in the world do not face competition.
C)Privatization is the sale of private business to government investors.
D)Privatization is absent in transition economies.

Question

Quizplus · Accepted Answer

Developing nations have been engaging in privatization at a faster rate than developed nations. This is due to the need for increased efficiency and financial resources.

Answer: B 
 The leading privatizers in the world are usually in highly competitive industries such as telecommunications and finance.

Answer: None 
 Choice C is incorrect as privatization is the transfer of government-owned businesses to private investors. Choice D is incorrect as transition economies have engaged in privatization as part of their economic reforms.

Which of the Following Statements Is True About Privatization