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Which of the following occurs when an economy makes the transition to capitalism from communism?

a. hyperinflation c. privatization b. progressive tax rate d. l...

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Which of the following occurs when an economy makes the transition to capitalism from communism?

a.
hyperinflation c.
privatization
b. progressive tax rate d.
lack of incentives

Answer

The correct answer is letter A. Privatization.
When an economy makes the transition from communism to capitalism, then there's a privatization.
From the scenario of having common goods from each other, then going to capitalism (an economic system that is based on private ownership of the production and operation for profit), then privatization will surely happen.

Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 27 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 33 views.

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