Countries with chronic balance of payments deficits eventually need to borrow abroad often from the ________ as the lender of last resort?

A critic of “Shock therapy” to transition economies. Vladamir Popov, contends that shock therapists put a heavy emphasis on ?

A. introducing the reform package at once to ensure that it became too late and costly to reverse the reforms

B. agricultural reform rather than industrial reforms to overcome food insecurity

C. the creation of a small-scale private sector ans small independent banks

D. attempts to gradually remake institutions

Privatization refers to a range of policies including ?
I. changing part of a public enterpris’s ownership to the private sector
II. Liberalization of entry into activities previously restricted to the public sector
III. two infant industries merging into a monopoly
IV. franchising or contracting public services or leasing public assets to the Private sector

A. III only

B. IV only

C. I, II and IV only

D. None of these

State-owned enterprises (SOEs) are also called ?

A. centralized firms

B. government oligopolies

C. market economies

D. public enterprises

The industrial concentration ratio is the proportion of an industry’s output ?

A. produced by the three largest firms in the industry

B. produced in cement, machine tools and steel industries

C. and labor intensities relative to labor productivity

D. as a percentage of production and marketing

In 1979-80 China first created _____ for foreigners to set up enterprises hire labor and import duty-free goods for processing and re-exporting ?

A. special economic zones

B. liberalized trade monopoly zones

C. Economic Union zones

D. Communist free trade areas