The case study examining the impact of economic reforms

that took place in India in the 1980s found that:
a. privatizing nationalized firms led to more efficient use of national resources and faster growth.
b. increasing government licensing requirements protected consumers from shoddy goods.
c. increased tariffs encouraged foreign competition and made domestic firms more competitive.
d. economic deregulation had mixed effects, depending on whether someone lived in urban or rural India.

Answer: d