Multiple Choice
Several years ago,the nation of Florentina had a government-owned telecommunication system that lagged far behind other nations.In several of its rural areas,there was only one phone for an entire village of people.Government taxes collected for the purpose of maintaining the telephone system were very meager,so the notion of expanding service was almost impossible.The government of Florentina decided to sell the phone company to a private firm.The private firm expanded rapidly.It reported that even poor consumers were willing to pay for a private phone line.This government decision and subsequent sale was:
A) A move toward nationalism.
B) A move toward communism.
C) A move toward socialism.
D) A move toward capitalism.
Correct Answer:

Verified
Correct Answer:
Verified
Q81: Productivity of workers in the U.S. is
Q152: The National Coalition on Healthcare Reform reports
Q155: GDP figures do not include the value
Q202: According to Adam Smith, the "invisible hand"
Q218: Recently,Hugo Chavez,the Prime Minister of Venezuela,announced that
Q219: In 2010,the U.S.unemployment rate was at its
Q220: A simple supply curve shows a relationship
Q224: According to the invisible hand concept,the best
Q228: In most large cities there are a
Q292: Although changes in the CPI provide interesting