People in the West tend to associate which of the following with a free market system, strong property rights protection, and economic progress?
A. Anarchist state
B. Representative democracy
C. Planned economy
D. Communist state
E. Command economy
B
People in the West tend to associate a representative democracy with a market economic system, strong property rights protection, and economic progress.
Business
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Studies of privatization in central Europe have shown that the process often fails to deliver predicted benefits if the newly privatized firms continue to receive subsidies from the state and if they are protected from foreign competition.
a. true b. false
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Rewards serve as a form of control
Indicate whether the statement is true or false
Business