Scenario: Learning the American Way
Sergei Chernovl is a Russian exchange student.To learn more about how a market economy functions,Sergei is writing a research paper comparing business in Russia with business in the North America.
-Sergei knows that an important factor in a market-based economy is privately operated companies.As Russia goes through the privatization process,the overall aim of this process is to ________.
A) increase tax revenues
B) improve military defense
C) increase social welfare
D) increase economic efficiency
Correct Answer:
Verified
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