The massive privatization that is currently taking place in formerly socialist countries, will likely
A)eventually enhance the standard of living to these countries' citizens.
B)depend on private investment.
C)increase the opportunity set facing these countries' citizens.
D)all of the above

Question

Quizplus · Accepted Answer

The massive privatization in formerly socialist countries is expected to bring about several benefits, all of which are listed in the answer choices. By privatizing industries, it is believed that private investment could be attracted, thereby creating job opportunities that could enhance the standard of living of the citizens. Additionally, the increase in the number of privately owned firms in the country could lead to an overall improvement of the opportunity set facing the country's citizens.

The Massive Privatization That Is Currently Taking Place in Formerly