Identify the incorrect statement regarding the former Communist nations of Europe and Asia.
A)The economies of most of the former Communist states are very strong and developed.
B)Many of the former Communist nations of Europe and Asia share a commitment to free market economies.
C)As a result of disturbing signs of growing unrest and totalitarian tendencies,the risks involved in doing business in these countries is very high.
D)For about half a century these countries were essentially closed to Western international business.

Question

Quizplus · Accepted Answer

This statement is incorrect as the economies of most of the former Communist states are not very strong and developed. Despite transitioning to a market economy, many of these countries have struggled with economic instability and high rates of poverty and unemployment.

Identify the Incorrect Statement Regarding the Former Communist Nations of Europe