Which of the following is the best example of nationalization?

Question

Quizplus · Accepted Answer

Nationalization refers to the process of a government taking control of private assets and making them public property. In the given choices, only option A describes a scenario where a government entity (the city of New York) purchases a privately-owned asset (the Brooklyn-Manhattan Transit rail lines) and takes control of it, thereby nationalizing it. Option B describes a partial sale of a government-owned asset to private investors, which is the opposite of nationalization. Option C describes a private company contracting with a city government to provide services, which is a form of privatization. Option D describes an economic policy and not a specific action of nationalization. Option E describes a loan from an international organization and is not related to nationalization.

Which of the Following Is the Best Example of Nationalization