Which of the following is most likely to be implemented by a country a

QUESTION

Which of the following is most likely to be implemented by a country as a part of deregulation?

A. Prohibition of private enterprises from operating in certain sectors

B. Commitment toward communism

C. Removal of price controls

D. Centrally planned economic system

E. Increased restrictions on foreign direct investment

ANSWER

C
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.