The question of whether current public functions should be performed by the government or private sector is addressed by
A) industrial policy.
B) privatization.
C) central planning.
D) moral suasion.

Question

Quizplus · Accepted Answer

Privatization is the transfer of ownership and control of public functions and services from the government to the private sector. Therefore, it directly addresses the question of whether such functions should be performed by the government or the private sector. Industrial policy is a broader concept that includes government interventions to promote and regulate economic development. Central planning is a command economy model where the state directs economic activity. Moral suasion is a non-coercive approach to influence behavior through persuasion or appeal to moral values. None of these options directly address the question of government vs. private sector provision of public functions.

The Question of Whether Current Public Functions Should Be Performed