The government of Great Lanthania is planning to adopt a market-based

QUESTION

The government of Great Lanthania is planning to adopt a market-based economic system. To be able to do so, the government of this country should:

A. abolish the laws that deal with protection of property rights.

B. introduce stringent foreign investment regulations.

C. increase its intervention in the economy.

D. adopt privatization.

E. oppose democracy.

ANSWER

D
The shift toward a market-based economic system often entails a number of steps: deregulation, privatization, and creation of a legal system to safeguard property rights.