Which of the following steps is most likely to be involved in the deregulation of an economy?
A. Increasing restrictions on direct investment by foreign enterprises and international trade
B. Privatizing state-owned enterprises
C. Exercising a high degree of state control over production and pricing
D. Abolishing laws related to the protection of property rights
E. Opposing democracy by adopting communism
B
Deregulation involves removing price controls, thereby allowing prices to be set by the interplay between demand and supply; abolishing laws regulating the establishment and operation of private enterprises; and relaxing or removing restrictions on direct investment by foreign enterprises and international trade.
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An example of an expense involving real property that would not be deductible on federal income taxes is
A) property taxes B) mortgage interest C) points paid on loans D) homeowners association dues
Richie Phillips was president of the Transport Workers union
Indicate whether the statement is true or false