The shift toward deregulation has been easier for former command econo

QUESTION

The shift toward deregulation has been easier for former command economies than for mixed economies.

Indicate whether the statement is true or false.

ANSWER

FALSE
In mixed economies, the role of the state was more limited; but here too, in certain sectors the state set prices, owned businesses, limited private enterprise, restricted investment by foreigners, and restricted international trade. For these countries, deregulation has involved the same kind of initiatives that we have seen in former command economies, although the transformation has been easier because these countries often had a vibrant private sector.