Most nations recognize that private enterprise is detrimental to business growth and what is best for consumers. Recently, a nation had the opportunity to sell its government-owned telecommunication system to a private firm. Instead it realized that it would be better off if it raised taxes so that it could maintain the status quo.

Question

Quizplus · Accepted Answer

This statement is incorrect as most nations actually recognize the benefits of private enterprise for business growth and consumer welfare. Therefore, it is unlikely that a nation would choose to raise taxes instead of selling a government-owned telecommunication system to a private firm.

Most Nations Recognize That Private Enterprise Is Detrimental to Business