Experience with economic and political changes in Eastern Europe and the former Soviet Union shows that:
A) the market ideology will never be accepted outside the United States.
B) changes in economic and social institutions necessary to transform a planned economy to a market economy occur quickly and smoothly.
C) the transformation from a planned economy to a market economy may be accompanied by severe inflation, and a heightened sense of insecurity.
D) none of the above.
Correct Answer:
Verified
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