Which of the following exemplifies privatization?
a) a country reduces trade barriers, allowing individuals to engage in export and import
b) a country sells its postal services to a consortium of companies that run it as a profit making venue without any state funding
c) a country enlists the services of SomersConsultancy, a global management consulting firm, to improve the profitability of the state owned airline companies
d) a country allows state-owned coal companies to sell coal to private parties
Ans: b) a country sells its postal services to a consortium of companies that run it as a profit making venue without any state funding
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Fill in the blank(s) with the appropriate word(s).
Contracts for goods to be manufactured are treated by the CISG as sales of goods unless the buyer undertakes to supply a substantial part of the materials
Indicate whether the statement is true or false