Which of the following statements is true about the former communist nations of East Europe and central Asia?
A) These countries show no commitment toward democratic and free-market policies.
B) These countries have completely moved away from the unstable totalitarian and authoritarian form of government.
C) These economies are yet essentially closed to Western international businesses.
D) Businesses in these economies tend to be characterized by high risks as well as high returns.
E) Compared to the rest of the world, the economies of many of the former Communist states are more developed.

Question

Quizplus · Accepted Answer

Businesses in the former communist nations of East Europe and central Asia tend to be characterized by high risks as well as high returns. These countries have undergone significant economic and political changes since the fall of communism, but they are still emerging markets with relatively unstable business environments. While progress has been made toward adopting democratic and free-market policies, there is still work to be done in many of these countries. Additionally, while many of these countries have opened up to Western businesses, there are still barriers to entry and challenges to doing business in these markets.

Which of the Following Statements Is True About the Former