Transition economies are characterized by ________.
A) low inward FDI
B) high trade barriers
C) low energy consumption
D) privatization of state-owned industries

Question

Quizplus · Accepted Answer

Privatization of state-owned industries is a common characteristic of transition economies, as they move from a centrally planned economy to a market-oriented one. Low inward FDI (foreign direct investment) and high trade barriers may also be present, but are not defining characteristics. Low energy consumption is not necessarily a characteristic of transition economies.

Transition Economies Are Characterized by ________