Which of the following statements is true about the changing economic

QUESTION

Which of the following statements is true about the changing economic system since the 1980s?

A. There has been a shift from market-based economies to centrally planned economies.

B. There has been a shift away from a mixed economy.

C. Many states have restricted the sale of state-owned businesses to private investors.

D. The competition between economies has been reducing.

E. The extent to which property rights are protected has declined.

ANSWER

B
Since the 1980s, there has been a shift away from a mixed economy. Many states in Asia, Latin America, and western Europe have sold state-owned businesses to private investors (privatization) and deregulated their economies to promote greater competition.